According to a new technical market research report, the global market for nanophotonic devices was valued at nearly $2.5 billion in 2011 and is expected to increase to $10.9 billion in 2016, a five-year compound annual growth rate (CAGR) of 34.8%. The global market for nanophotonic devices can be separated into nine segments: nanophotonic diodes, near-field optics, solar cells, optical switches, nanophotonic ICs, holographic memory, nano-optical sensors, optical amplifiers, and add/drop filters.
Nanophotonics involve the interaction of light with nanoscale structures and materials. “Nanoscale” is defined as having at least one dimension measuring less than 100 nanometers, or billionths of a meter. At this scale, the properties that characterize larger systems do not necessarily apply – a fact that gives nanophotonics devices their unique properties.
Source: NANOTECHNOLOGY FOR PHOTONICS: GLOBAL MARKETS (NAN036B) from BCC Research www.bccresearch.com.