PUBLISHER: The Business Research Company | PRODUCT CODE: 1653126
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653126
Nanophotonics, also known as nano-optics, focuses on the behavior of light at the nanometer scale and its interaction with objects of similar dimensions. It is a subfield of nanotechnology that explores the characteristics of light on nanometer scales.
The main products in the nanophotonic market include LED (Light Emitting Diode), OLED (Organic Light Emitting Diode), NFO (Nanophotonic Functional Objects), photovoltaic cells, optical amplifiers, optical switches, and holographic data storage systems. LEDs in nanophotonics are employed to control and manipulate the flow of light, utilizing various materials such as quantum dots, photonic crystals, plasmonics, nanotubes, and nanoribbons. These nanophotonic products find applications in various sectors, including but not limited to telecommunications, entertainment, consumer electronics, indicators and signs, lighting, non-visual applications, and other diverse areas.
The nanophotonic market research report is one of a series of new reports from The Business Research Company that provides nanophotonic market statistics, including nanophotonic industry global market size, regional shares, competitors with a nanophotonic market share, detailed nanophotonic market segments, market trends and opportunities, and any further data you may need to thrive in the nanophotonic industry. This nanophotonic market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The nanophotonics market size has grown exponentially in recent years. It will grow from $33.2 billion in 2024 to $44.3 billion in 2025 at a compound annual growth rate (CAGR) of 33.4%. The growth in the historic period can be attributed to rise in demand for consumer electronics, growth in healthcare sector, increased data traffic, rise in autonomous vehicles, economic growth.
The nanophotonics market size is expected to see exponential growth in the next few years. It will grow to $122.12 billion in 2029 at a compound annual growth rate (CAGR) of 28.9%. The growth in the forecast period can be attributed to rising it and telecommunication industry, growing demand for high-speed data transfer, growing defense sector, rise in research and development, rising disposable income. Major trends in the forecast period include integration of quantum technologies, nanophotonic sensors and detectors, integrated photonic circuits, environmental sensing, industry collaboration.
The growing demand for optical fibers and other telecommunication devices is fueling the expansion of the nanophotonic market. The incorporation of nanoparticles into optical fibers has enabled the integration of advanced features such as enhanced refractive index, sensing capabilities, and computation. For example, IEEE reports that India currently has an optical fiber-based network spanning 28 lakh (100,000) kilometers, falling short of the National Broadband Mission's target of deploying 50 lakh kilometers of optical fiber by 2024. This indicates the potential for further optical fiber installations with the rise in population, driving the demand and growth of the nanophotonic market.
The escalating demand for consumer electronics is a driving force behind the growth of the nanophotonic market. Consumer electronics encompass electronic devices designed for personal use, and nanophotonics, which involves manipulating light at the nanoscale, enables the development of smaller, faster, and more energy-efficient components essential for these devices. As per Deloitte Insights Magazine, sales categories such as computers (+34%) and TV sets (+12%) have outpaced smartphones (+1%) globally over the past three years, likely influenced by COVID-19 restrictions and increased time spent working and learning from home. Consequently, the rising demand for consumer electronics is expected to propel the nanophotonic market's growth.
Innovative nanophotonic-enabled products are a significant trend gaining traction in the nanophotonics market. Major players in this field are concentrating on developing technologically advanced products, such as new photonic vibrometers, to deliver precise and detailed vibration analysis. A photonic vibrometer is a sophisticated optical device that uses laser technology to measure and analyze vibrations and displacements in materials or structures with high accuracy, commonly employed in areas such as engineering, materials science, and structural health monitoring. For instance, in July 2023, Quantum Computing Inc., a US-based photonics company, introduced the Quantum Photonic Vibrometer (QPV). This advanced instrument is designed for remote vibration detection, sensing, and inspection. As the first quantum-accelerated photonic vibrometer on the market, it offers significant enhancements in sensitivity, speed, and resolution, enabling the identification of highly obscured and non-line-of-sight objects for the first time. Its military and commercial applications are vast, covering material recognition, improved surveillance, infrastructure integrity monitoring, and preventive industrial maintenance-all achievable from safe distances with minimal energy and optical power requirements.
Major players in the nanophotonics market are actively expanding their resources to establish nanophotonics technology manufacturing and research centers. These centers are dedicated facilities for producing nanoscale photonic components and conducting research in the nanophotonics field. For example, in October 2022, Quantum Computing Inc., a US-based quantum hardware and software company, announced plans to construct and operate a new state-of-the-art production and research facility for quantum nanophotonics technology. This initiative aims to enhance the company's existing chip creation capabilities.
In February 2024, Bruker, a US-based manufacturer of scientific instruments, acquired Nanophoton Corporation for an undisclosed sum. The purpose of Bruker's acquisition of Nanophoton Corporation is to strengthen its capabilities in analytical instrumentation, particularly in the area of Raman microscopy. Nanophoton Corporation is a provider of nanophotonics based in Japan.
Major companies operating in the nanophotonics market include Carbon Solutions Inc., Cambrios Technologies Corporation, Cnano Technology, Cree Inc., LG Display Co. Ltd., Nanocs Inc., Nanocyl S.A., Nanoco Technologies Ltd., nanoPHAB Inc., Nanosys Inc., Nanostructured & Amorphous Materials Inc., OSRAM Opto Semiconductors GmbH, Philips Lumileds Lighting Company LLC, QD Vision Inc., Quantum Materials Corp., TCL Display Technology Holdings Limited, Sharp Corporation, Novaled GmbH, International Business Machines Corporation (IBM), Fujitsu Limited, Altairnano, Nano Magic LLC., Imina Technologies SA, Kleindiek Inc., eSpin Technologies, Advanced Nano Products Co. Ltd (ANP), Hamamatsu Photonics K.K., Agiltron Inc., Seoul Semiconductor Co. Ltd., Jenoptik AG, Tech-X Corporation, Advanced Microelectronic Center Aachen GmbH, Nanophase Technologies Corporation
Asia-Pacific was the largest region in the nanophotonic market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the nanophotonic market share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the nanophotonic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The nanophotonic market consists of sales of grating couplers, SOI electro-optical modulators, photonic crystals. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Nanophotonics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on nanophotonics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for nanophotonics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The nanophotonics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.