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Report studies the key driving factors responsible for the growth of crystals market includes growing demand for photonic crystals in LEDs, extensive growth in R&D and diverse properties of these crystals are driving the market growth of the photonic crystals market.

Periodic dielectric structures can interact resonantly with radiation with wavelengths that are comparable to the periodicity length of dielectric lattice. Photonic crystals can stimulate the properties of photons in much same way that ordinary semiconductor and conductor crystals affect the properties of electrons. Properties of electrons in ordinary crystals are much influenced by lattice size and other defects. Thus, the crystals are made of periodic arrays of atoms at atomic length scales.

Photonic crystals occur in form of structural coloration by nature and also in several forms. The photonic crystals can be fabricated in one, two or three dimensions. In case of one-dimension, photonic crystals can be prepared by layers deposited or stuck together which in case of two dimension are made by photolithography.

Another form or crystal is liquid crystal laser. It uses a liquid crystal as a resonating cavity which enables an emission of wavelength and polarization from the active laser medium. Commercially, liquid laser crystals find use in biomedical sensing, display screens and environmental sensing. From the market point of view, crystals find proliferated use in multiple domains and particularly in electronics. The overall scenario of the driving factors signifies that the market is bound to grow at a significant CAGR during the assessment period.

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The key driving factors responsible for the growth of crystals market includes growing demand for photonic crystals in LEDs, extensive growth in R&D and diverse properties of these crystals are driving the market growth of the photonic crystals market. However, the cost challenges associated with the formulation of photonic crystals is likely to hamper the market growth. On the basis of type, the global photonic crystal is segmented into one-dimension, two-dimension and three-dimension.

On the basis of application, the global photonic crystal is segmented into optical fiber, LEDs, image sensors, solar & PV cells, lasers, and discrete & integrated optical components. Solar & PV cells dominate the market segment followed by image sensors and optical fibers. Solar energy is the potential alternative to replace fossil fuel and is also expected to cater to the globally rising demands for steady power supply which again provides a lucrative growth opportunity to the market.

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On the basis of end-user, the global photonic crystal is segmented into industrial, aerospace and defense, R&D, life sciences & healthcare. On the basis of geographic segmentation, the global photonic crystal market spans North America, Latin America, Europe, Asia Pacific, Middle-East and Africa. APAC regions accounts for a significant share during the forecast period owing to growth in research initiatives to determine optical properties of photonic crystals and their utility in practical applications. North America and Europe account for a major share respectively during the assessment period.

The key players in the global crystals market research report include NEC Corporation, ICX Photonics Inc., Luminus Devices Inc., Agilent Technologies, Advance Photonic Crystals LLC, NKT Photonics, IPG Photonics Corporation, Opalux Inc., Corning Incorporated, Furukawa Electric Co., Ltd., DK Photonics, GLOphotonics SAS, Photonic Lattice Inc., Photeon Technologies GmbH, NeoPhotonics, Epistar, MicroContinuum Inc., Carolinas Photonic Consortium (CPC), Omniguide, and Lightwave Power Inc.

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