Global Nanophotonics Market Size By Product Type (LED, OLED, Near Field Optics), By Nanophotonic Material (Plasmonics, Photonic Crystals, Nanotubes), By End Use (Digital Signage, Lighting), By Geographic Scope And Forecast

Nanophotonics Market Size And Forecast

Nanophotonics Market size was valued at USD 15.39 Billion in 2024 and is projected to reach USD 27.87 Billion by 2031, growing at a CAGR of 8.50% from 2024 to 2031.

Photonics, nanotechnology, and optoelectronics are the three key sciences that makeup nanophotonics. While photonics and optoelectronics have changed the electronics and semiconductors markets, nanotechnology has emerged as the most sought-after technology by large corporations and research institutions. Nanophotonics is predicted to break into the mainstream market despite its early stage due to its improved power efficiency, thermal resistance, and operational longevity. In the projection future, increasing market expansion in emerging economies, along with expanding applications, will further increase numerous prospects that will contribute to the growth of the Nanophotonics Market.

Global Nanophotonics Market Definition

Nanophotonics is a branch of nanophysics that explores how photons interact with nanostructures. Quantum dots, plasmonics, nanotubes, nanoribbons, and photonic crystals are examples of metallic components that may concentrate and transmit light using surface plasmon polaritons (SPPs). Light-emitting diodes (LED), organic LEDs (OLED), near-field optics, photovoltaic (PV) cells, and optical components are all made with them. Nanophotonics also makes it easier to make modern electronics with smaller dimensions, more capabilities, faster data transfer, and longer operating life.

Photonic on-stack communication networks are becoming a better alternative to electrical networks as silicon nanophotonics advances. Quantum dots, plasmonics, nanotubes, crystals, and nanoribbons are all components of nanophotonics. Because of its potential in energy-based goods like solar cells, the plasmonics category is predicted to increase at the fastest rate among all components in the future years.

Global Nanophotonics Market Overview

The increased usage of nanophotonics for electronics, communication, biotechnology, defense, and solar power conversion applications is driving the worldwide Nanophotonics Market. As a consequence of the growing usage of LED in consumer electronics, the market is growing. Nanophotonics provides solid-state lighting with high thermal conductivity and modulation rate, hence increasing device efficiency and enhancing light quality. Furthermore, nanophotonic device makers are combining small-scale power electronics and transistors on a single chip to increase bandwidth and data transmission speed. This allows nanophotonic integrated circuits (ICs) to interface with other devices directly through light.

Various product advances, such as the creation of ultra-thin nanomaterials and atomic-thin metal halides, are also working as growth stimulants. These nanoparticles are found in sensitive optical sensors that detect gases in the environment. Other factors, including as the widespread use of nanophotonics in chemical, biosensing, and information technology (IT) applications, as well as intensive research and development (R&D) efforts, are expected to propel the market forward.

However, a lack of understanding of the potential advantages of nanophotonics technology as well as the high cost of research and development have been recognized as barriers to the worldwide nanophotonics industry’s expansion. The high cost of integrating nanotech with photonic equipment and components, the difficulty of justifying price increases for performance, the necessity for an experienced and qualified labor force, and the high R&D expenses for introducing new products are only a few of the significant obstacles that nanophotonics technology producers face.

Future technologies such as silicon and nano silicon photonics, improvements in volume manufacturing processes for nanomaterials, and cheaper and superior integration techniques are among the primary challenges facing the nanophotonics sector. The need for nanophotonic materials on a wide scale, as well as health risks linked with their use, is a hurdle. Their high cost, as well as the rise in related R&D expenses as the materials market becomes more competitive, is a concern.

Global Nanophotonics Market Segmentation Analysis

The Global Nanophotonics Market is Segmented on the basis of Product Type, Nanophotonic Material, End Use, and Geography.

Nanophotonics Market, By Product Type

• LED
• OLED
• Near Field Optics
• Photovoltaic Cells
• Optical Amplifiers
• Optical Switches
• Others

Based on Product Type, the market is segmented into LED, OLED, Near Field Optics, Photovoltaic Cells, Optical Amplifiers, Optical Switches and Others. The LED and OLED sectors are projected to lead the global industry in the near future, thanks to their growing popularity in consumer electronics and other applications. In the nanophotonics LED business, the high-beam LED has the biggest market share, followed by the UV LED. According to the company, significant application areas for these components include lighting and traffic signaling, backlighting in electronic displays, artificial photosynthesis, medical technology, UV curing, and counterfeit detection.

Nanophotonics Market, By Nanophotonic Material

• Plasmonics
• Photonic Crystals
• Nanotubes
• Nanoribbons
• Quantum Dots
• Others

Based on Nanophotonic Material, the market is segmented into Plasmonics, Photonic Crystals, Nanotubes, Nanoribbons, Quantum Dots and Others. Quantum dots can be employed in a variety of applications, including single-electron transistors, solar cells, second-harmonic generation, LEDs, lasers, single-photon sources, quantum computing, cell biology research, microscopy, and medical imaging, due to their unique features. These nanometer-sized semiconductor particles are constructed of cadmium, indium, lead, and other materials, and when energy is given to them, they produce light of particular wavelengths. The dimensions of quantum dots make them appealing.

Nanomaterials such as quantum dots are becoming increasingly popular in nanophotonics. Quantum dots are used in surveys and detection, data transfer, picture capture, and display, medical equipment, illumination, instrumentation, and research, among other things. This aspect has recently boosted the worldwide nanophotonics industry. Quantum dots are well-known as a low-noise photodetector for imaging, sensing, and photovoltaic applications, as well as an efficient light source for optical, interconnects, datacom/telecom, lighting, and data storage. Optical communications, data storage, photography, and photovoltaic solar cells all employ nanomaterials.

Nanophotonics Market, By End Use

• Telecommunication
• Consumer Electronics and Entertainment
• Digital Signage
• Lighting
• Bio-Imaging
• Others

So, how are we using these sensors? Well, the market's broken down by End Use into areas like Telecommunication, Consumer Electronics and Entertainment, Digital Signage, even Lighting and Bio-Imaging, plus "Others" to catch the rest. What's really cool is how portable biomedical devices have taken off lately – all thanks to new kinds of sensors and circuits that don't hog power. Take the electronic personal glucometer, for example. It's been around since '71 and has seriously improved lives! And get thisnanoparticles can actually make electrochemical sensors work better by helping with glucose absorption and boosting electron transport. Gold nanoparticles are especially popular in research, and they can even make optical glucose sensors more sensitive by acting as fluorescence quenchers.

Nanophotonics Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Nanophotonics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia-Pacific Nanophotonics Market leads the worldwide market and is projected to continue to do so during the projection period however, the market in Europe is developing at the fastest rate. The European market is increasing at the fastest rate due to the region’s vast customer base for nanophotonic products. Furthermore, the European Market is benefiting from significant investment in research and development as a result of the growing number of nanophotonic application areas.

Key Players

The “Global Nanophotonics Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Anders Electronics PLC, Cree Inc., Nanosys Inc., Novaled GmbH (Samsung SDI Co.), OSRAM Opto Semiconductors GmbH, Lumileds Holding B.V., Schott AG, Sharp Corporation, STMicroelectronics N.V., Veeco Instruments Inc, WITec Wissenschaftliche Instrumente and Technologie GmbH.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In March 2021, Hamamatsu Photonics created the ‘MiNYTM PL micro-LED PL’ inspection system. This inspection system can check micro-LEDs for next-generation displays at a speed of 100 percent. The newly created display is utilized to identify irregularities in their outward appearance, light emission strength, and wavelength. Fast pass/fail judgments are made using the MiNYTM PL micro-LED PL inspection technology. This new introduction adds to better micro-LED R&D efficiency as well as increased product yield for display applications.
• In January 2021, Thorlabs Inc announced the debut of the SPDC810 product line, which is planned to cater to the fast-growing quantum photonics area. Quantum photonics requires high-intensity photon sources for a variety of applications, ranging from basic photon-matter interactions to devise characterization. To create photon pairs over 450 kHz at 810 nm, designers use a fully integrated 405 nm pump source that is tunable at the front end of a spontaneous parametric down-conversion (SPDC) device.
• In July 2020, Jenoptik purchased Trioptics. Trioptics provides optical sensor and component measurement and testing equipment. This purchase is expected to strengthen the company’s position in the photonics market.
• By employing indium gallium nitride (InGaN)-based green LEDs, OSRAM Opto Semiconductors GmbH increased the efficiency of green LEDs by 40% in September 2018. At 45 A/cm2 power density, it would assist lower voltage by 600 mV to 2.6 V.

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We dig deep, using both numbers and, well, less-numbery stuff to understand the market by breaking it down into different groups. You'll get market value data (in USD Billion!) for all those groups and subgroups. We'll pinpoint which region and segment is poised to explode with growth, and which is already the king of the hill. We'll look at each region and how much they're using the product/service, and what's influencing their choices. You'll also see the competitive scene, including market rankings of the big shots, new product drops, partnerships, expansions, and acquisitions from the last 5 years, plus detailed company profiles. These profiles feature overviews, insights, product comparisons, and even a SWOT analysis for the major players. We'll give you the current and future scoop on the industry, covering growth opportunities, drivers, challenges, and restraints in both up-and-coming and established areas. Expect an in-depth look from different angles using Porter's five forces analysis, a dive into the Value Chain, a look at what's driving the market, and potential for growth in the future. Oh, and you get 6 months of post-sales analyst support too!

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.