The use of light in nanoscale operations is referred to as nanophotonics. Nanophotonics This Nanofield is linked to specific advancements in the use of light in emerging technologies, such as silicon-based semiconductors, where nanophotonics boost speed and performance.
Market Size Growth Rate:
According to the research report published by the DataM Intelligence, the Asia Nanophotonics Market size was valued at USD YY Million in 2021 and is projected to reach USD YY Million by 2029, with growth at a CAGR of YY% over the forecast period 2022-2029. The semiconductor sector drives the Asia Nanophotonics Market. NEC Corporation, for instance, has created silicon (Si) optical interconnectors for data transfer in large-scale integrated devices.
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Growing biomedical applications of nanophotonics is a pivotal driving factor that pumps the Asia Nanophotonics Market’s demand, manufacture and sales.
The problems for photonic crystals lay in achieving improved performance of individual devices at lower or equal cost and the potential to realize a significant advantage of photonic crystal elements in the future. The technical and financial problems associated with combining several devices into high-performance, lightweight and compact systems restrict the Asia Nanophotonics market’s growth prospects.
The globalization of science and technology and the increase in the quality of scientific institutions and universities in Asia is likely to diminish and even eliminate the scientific edge of other regions in emerging technologies such as nanophotonics. The respective factor offers the Asia Nanophotonics market an opportunity to achieve growth in the future.
COVID-19 Impact Analysis
The decrease in demand from end-use industries caused by the Asia Nanophotonics Market was severely disrupted by the COVID-19 epidemic. The nanophotonics business significantly relies on research and development operations to create breakthrough products and drive market growth. The pandemic had a significant impact on research and development activity. Because of the pandemic, many startups inside the nanophotonics business were forced to close due to uncertain economic situations. However, the market witnessed a small betterment as studies investigating nanophotonics for COVID-19 identification tests gained traction.
The shipping delays and raw material supply disruptions caused by the aftershock effects of the COVID-19 pandemic have led to a decrease in nanophotonic product production and longer production times. Production is still lagging as demand recovers and slowly approaches pre-pandemic levels. Global production is expected to reach pre-pandemic levels by the end of 2021.
Recent Developments in the Industry:
On January 06, 2021, EPISTAR and Lextar formed Ennostar Incorporation, the greatest international investment platform in the compound semiconductor business, through a share swap.
On September 24, 2019, OSRAM Group launched new LiDAR lasers that allow autonomous vehicles to “see” farther and more effectively. The two new infrared high-power SMT components for LiDAR (Light Detection and Ranging) applications are expected to broaden system developers’ options and expand the company’s product portfolio.
As per the research analysis, the Asia Nanophotonics Market is segmented by product type into Near Field Optics (NFO), Light Emitting Diode (LED), Organic Light-Emitting Diodes (OLED), Holographic Data Storage System, Optical Amplifiers, Photovoltaic (PV) Cells and Others. By Ingredient Type into Plasmonics, Photonic Crystals, Quantum Dots, Nanotubes and Others. End-User further segmented into Consumer electronics, Non Visible Wavelength Instruments, Solar power conversion systems, Signs & indicators, Telecommunications and Others.
The Consumer electronics segment dominates the end-user segment due to the growing demand for consumer electronic products in Asia, carbon nanotubes in semiconductor chips and various nanomaterials in lighting technologies, such as light-emitting diodes or LEDs and organic light-emitting diodes or OLEDs.
Non-Visible Wavelength Instrument accounts for the second-largest share in the segment due to extensive applications of such devices in spectroscopy, imaging, microscopy, quantum optics, timekeeping, lithography, light treatment and micromachining sterilizing. For instance, circular dichroism (CD) spectroscopy, that is widely employed in biotechnology and microbiology.
Solar power conversion systems account for a sufficiently good market share in the Asia Nanophotonics Market solar segment as the demand for renewable and cheap energy is growing in Asia.
Nanophotonics technology is employed for signal processing and neuromorphic accelerators. Miniaturization of materials, devices and subsystems, such as passive, active and integrated circuits, is required for dense photonic integration. As a result, the region’s Signs & indicators segment is growing sufficiently.
With Internet traffic expanding exponentially and fiber-optic networks allowing for cheaper and quicker transmissions, optical switching was the greatest prize for telecommunications companies and Internet service providers looking to maintain the Internet’s bandwidth capacities up to date. Therefore, the Telecommunications sector in the Asia Nanophotonics Market holds a significantly large chunk of market share.
Due to the growing applications of nanophotonics in drug discovery and biomedical research, the Others sector in the end-user segment of the Asia nanophotonics Market is growing in market share.
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According to the report, the market is divided into countries, such as China, India, Japan, South Korea and the Rest of Asia-pacific.
Japan Nanophotonics Market:
Japan’s Nanophotonics market is expanding and the Ministry of Education, Culture, Sports, Science and Technology (MEXT) is primarily responsible for funding nanotechnology research. Japanese researchers, such as Baba’s group at Yokohama National University and Noda’s group at Kyoto University, have developed photonic crystal devices for low-threshold lasing, low-loss waveguiding and other applications. Similarly, Researchers at Japan’s University of Tsukuba investigate high-speed switching applications using photonic crystal devices. The University of Tokyo also has significant research efforts. The Ohtsu research group has also established theories of optical near-field interactions with nanomaterials and is working on prototype nanophotonic devices based on this theory.
The major players are adopting several growth strategies such as product launches, acquisitions and collaborations, which contribute to the growth of the Asia Nanophotonics Market. For instance, on November 1, 2020, Sharp Corporation purchased 66 percent of shares in NEC Display Solutions Ltd., a subsidiary of NEC. NDS has changed its name to Sharp NEC Display Solutions Ltd. and has begun business operations as a Sharp subsidiary due to the transaction’s completion. The newly formed SNDS will remain focused on the business-to-business display market, producing and developing various visual display solutions for various markets and applications.
Major players contributing to the market’s growth include EPISTAR Corporation, Samsung SDI Co Ltd, OSRAM Licht AG, Lumileds Holding B.V., OVALED AG, Hitachi NEC, Seiko Epson Corporation, Sharp Corporation, NEC Display Solutions, General Electric Company, Intel Corporation and International Business Machines Corporation, among others.
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The Full Report has the below insights
The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021) and verifiable projections about market size during the forecast period (2022-2029).
Visualize the composition of the Asia Nanophotonics Market segmentation by product type, ingredient type, end-user and country, highlighting the key commercial assets and players.
By Product Type: Near Field Optics (NFO), Light Emitting Diode (LED), Organic Light-Emitting Diodes (OLED), Holographic Data Storage System, Optical Amplifiers, Photovoltaic (PV) Cells and Others.
By Ingredient Type: Plasmonics, Photonic Crystals, Quantum Dots, Nanotubes and Others.
By End-User: Consumer electronics, Non Visible Wavelength Instruments, Solar power conversion systems, Signs & indicators, Telecommunications and Others.
By Country: China, India, Japan, South Korea and the Rest of Asia-pacific.
Identify commercial opportunities in the Asia Nanophotonics Market by analyzing trends and co-development deals.
The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
Excel data sheet with thousands of Asia Nanophotonics Market-level 4/5 segmentation data points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The report will provide access to approximately 50+ market data tables, 40+ figures and close to 180 pages.
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