Photonic crystals market slated for high growth
The global market for photonic crystals will be worth US$13.9 million in 2007, according to a new technical market research report, Photonic Crystals: Technology and Global Markets (AVM059A) from BCC Research.
The report claims this will increase to US$32 million in 2008 and US$666.4 million by 2013, a compound average annual growth rate (CAGR) of 84%.
The market is broken down into applications of light emission, information technology, optical sensing, energy conversion, light energy delivery and other applications. Of these, light emission has the largest share of the market. Expected to be worth US$12 million in 2008, this segment will grow to US$295 million by the end of 2013, for a CAGR of 90%.
The second-largest segment, information technology, will be worth an estimated US$7 million in 2008. Photonic crystals are at the heart of new CMOS-based transceivers that are expected to begin production in 2008. These products are expected to finally establish photonic crystals in the telecom market and driving a 98% growth rate, allowing this segment to reach an estimated US$211.8 million by 2013.
The light energy delivery segment is expected to be worth US$5 million by the end of 2008 and reach US$80.8 million by 2013, for a CAGR of 74%.
For further information, contact BCC Research, 40 Washington Street, Suite 110, Wellesley, MA 02481; Telephone: 866-285-7215; Email: editor@bccresearch.com.
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