World Photonic Crystals Market

Date: 2016-08

Photonic Crystals are attractive optical materials for controlling and manipulating the flow of light. The global market for components and modules using Photonic Crystals indicates a CAGR of 33.1% and is estimated to reach $20.4 billion in 2017. The major drivers would be its applications having extra-ordinary growth i.e. CAGR of 61.6% in Solar and PV cells and CAGR of 39% in LED segment with forecasts value of $4.1 billion and $7.5 Billion in 2017 respectively. The Photonic Crystals are seen as an alternative for semi-conductor fabrication but it will need high technological advancements to replace present day electronics.

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