SOURCE: MarketResearch.com

MarketResearch.com

July 12, 2011 09:08 ET

Photonic Crystals Market to Reach $34 Billion by 2016

ROCKVILLE, MD--(Marketwire - Jul 12, 2011) - MarketResearch.com has announced the addition of the new report "Photonic Crystals: Technology and Global Markets," to their collection of Electronics market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6437729

Photonic crystals present an almost unique instance of a theoretically mature technology unable to strike roots in mainstream industry. Indeed, the technology governing photonic crystals, although articulated clearly only decades ago, has been known to humanity for more than 100 years. The principal reason for lack of enthusiasm in embracing this technology is the difficulty involved in the dismantling processes and techniques that promise extreme efficiency on the costing and delivery fronts. However, most of these conventional processes are facing the end of life because they have reached their physical limits. Photonic crystal-driven sensing, which promises switching at speeds much higher than what is delivered by present-day technologies, is therefore poised to gain greater acceptance in various industries.

The extent to which photonic crystals hold promise can be gauged by the diversity in modules and components that can monetize the potential of photonic crystals in the near future. This report, which covers the market potential for such modules and components, does not claim that it is an exhaustive list. It is indeed possible for photonic crystals to be employed outside this list. The reason for selecting these modules and components is that there have been demonstrated instances of successful adoption of photonic crystals in these applications.

By charting the market potential for these modules and components, the report presents the full extent of the promise of photonic crystals in the next half decade.

The report forecasts a promising near future for photonic crystals. The growth in excess of 46% on a yearly basis is a very clear indicator of the recognition that awaits photonic crystals in the larger market. It was 2,155 million dollar in the year 2010 and is expected to reach 34,500 million dollar by 2016 with a CAGR% of 46.1%.

The global market for component of photonic crystals like Displays accounted for around 37.5% of total volume in 2010. It is expected to reach 6,078 million dollar by 2016 with a CAGR% of 34.5%.

The market for Optical fibers accounted for around 27% of total volume in 2010. It is expected to overtake the Display market by 2016 and it will reach 10,839 million dollar with a CAGR% of 41.2%.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6437729

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