Asia Nanophotonics Market Dynamics
Increasing Demand For Consumer Electronics To Drive The Asia Market
Over the last two decades, the tremendous economic expansion has lifted millions out of poverty and raised living standards, particularly in emerging markets such as Asia. The respective trends of socio-economic growth have resulted in the emergence of a middle class with increasing disposable income. Further, as the living standards of the expanding middle class raised in modernity, where electronic devices dominate every sector due to the convenience the respective products introduced into people's lives, the demand for these electronics such as televisions, cellphones, laptops, desktop computers and other smart gadgets increased, particularly among middle classes.
Nanophotonics is a critical component of consumer electronics. Nanophotonics is used to simulate Light Emitting Diode (LED) and Organic Light Emitting Diode (OLED) displays, the primary display systems for various devices such as televisions, cellphones and laptops.
The consumer electronics industry in Asia saw a downturn in the initial waves of the COVID-19 pandemic, as many consumers delayed or canceled product purchases due to the economic uncertainties caused by the pandemic. However, rising and pent-up demand from the pandemic has resulted in an unprecedented increase in consumer electronics sales in 2021. As technology has become a fundamental part of daily life, consumer electronics demand will likely rise dramatically in the future. It will be a major driving force in the Asia Nanophotonics Market. In order to improve sales and market share, consumer electronics businesses are increasing manufacturing and adding new inventive features in response to rising demand.
Increasing Innovation In Telecommunications To Boost Asia Nanophotonics Market Growth
The world has experienced unprecedented innovation in the telecommunications industry in the last decade. The improvements and innovations in telecommunication infrastructure have ensured connectivity to the world's most remote corners.
The average global internet traffic was 240 exabytes in 2010. A decade later, the average global internet traffic rose exponentially to more than 2810 exabytes in 2020. The large-scale adoption of modern telecommunication technologies has only been made possible due to innovative solutions. Rapid innovation in the telecommunications industry is expected to have large-scale global transformative effects in the coming decade.
The gradual introduction of 5G mobile internet services, up to 20 times faster than 4G, is expected to be a game-changer for Internet of Things (IoT) connectivity applications in everyday life. Fiber optic-based internet, where light pulses transmit data through cables, is experiencing widespread adoption due to decreasing costs and increasing availability. Li-Fi, a type of wireless communication technology that utilizes light to transmit data and is much more versatile than Wi-Fi, is expected to undergo commercial deployment in this decade. There is little doubt that Asia offers enormous prospects for internet access. South Korea is already well-served by mobile connections as well as residential internet. The government aggressively promoted this unprecedented degree of high-speed internet access. China's government is also vigorously seeking and sponsoring 5G mobile and fiber-to-the-home networks.
Malaysia, the Philippines, Indonesia and Thailand are tremendous opportunities based solely on population. They are not well served by fixed home internet access, but strangely, each person has more than one mobile internet subscription! These markets have bypassed fixed home connectivity and gone straight to mobile. Whether mobile will be sufficient for a long time, or whether the quest for extremely fast throughput creates a demand for more fixed home internet options.
Nanophotonics is used for various optical switching applications in telecommunications equipment. The increasing innovation in the telecommunications sector is expected to be a key driver for the growth of the Asia Nanophotonics Market and is expected to be a pivotal factor in the evolution of the respective market.
In Terms of Product Type, Market Players to Rely on Sales of Near Field Optics (NFO Segment
The segment based on Near Field Optics (NFO) in the Asia Nanophotonics Market is valued at US$ xx Million in 2021 and is estimated to grow at a CAGR of xx% over the forecast period to reach US$ xx Million by 2029. The market share percentage for the segment in 2021 was xx% which is expected to reach up to xx% in 2029.
Near-field optics is the branch of optics that studies configurations that rely on the flow of light to, from, through or near a subwavelength-featured element and the coupling of that light to a second element placed a subwavelength distance away. The resolution of conventional optical microscopy techniques is limited by light diffraction, around 250 nm, making it difficult to resolve domains or clusters in cellular membranes. The primary idea behind NSOM (near-field scanning optical microscope) is to confine the illuminating light to nanometric dimensions to overcome the diffraction limit that traditional far-field optical microscopy cannot reach.
In conventional optical microscopy, the spatial resolution limitation imposed by the nature of light aided the creation of near-field optical devices, most notably the near-field scanning optical microscope or NSOM. When investigating biological membranes, NSOM provides many advantages over traditional optical microscopy. NSOM's near-field and scanning probe techniques may provide high spatial resolution images beyond the diffraction limit, which is impossible to achieve with traditional optical microscopy. NSOM, when combined with fluorescence technology, may display both a topographic image and a simultaneous optical fluorescence image, allowing small domains and specific characteristics in membrane systems to be detected.
The growing application of optical microscopy and microscopes in various science fields raises the demand for Near Field Optics (NFO) devices, thus increasing the percentage of market share owned by respective segments in the Asia Nanophotonics Market.
Market Players Focus on Addressing Supply Chain Issues amid COVID-19 Pandemic
Because of the influence of COVID-19, the Asia Nanophotonics Market fell in 2020. Beginning in March 2020, governments in Asia enacted harsh lockdowns and other restrictions of varying durations to halt the spread of the growing COVID-19 pandemic.
End-user industries' operations were disrupted as a result of the lockdowns. Due to government laws that adversely impacted their income, many industries were forced to reduce or discontinue operations. As a result of the pandemic's effects, numerous sectors were forced to cut, suspend, or postpone capital investments. China, one of the most important markets for nanophotonics, relaxed lockdown restrictions in May 2020 and economic activity gradually increased, reaching pre-pandemic levels by late 2020. Revenues for nanophotonics enterprises will so improve by the end of 2020.
Similarly, the decrease in demand from end-use industries wreaked havoc on the worldwide nanophotonics sector. The nanophotonics business relies on research and development operations to create breakthrough products and drive market growth. The pandemic had a significant impact on research and development activity. Because of the pandemic, many startups in the nanophotonics business were forced to close due to uncertain economic situations. However, studies investigating nanophotonics for COVID-19 detection tests were gaining traction.
The COVID-19 pandemic has also disrupted the nanophotonics supply chain. The supply chain for the market is diverse, with component manufacturers, programmers, suppliers and distributors from various countries. Manufacturers typically outsource component production to a variety of different contractors.
Nanophotonic applications require long lead times for manufacturing, testing and delivery. As a result, the entire supply chain is vulnerable to external shocks. Shipping delays and raw material supply shortages caused by the COVID-19 pandemic's aftershock effects have reduced nanophotonic production and resulted in longer production times. Even as demand gradually returns to pre-pandemic levels, production continues to lag. Despite the immediate challenges, the pandemic is expected to have a positive long-term impact on the global nanophotonics market. The rapid technology innovation in telecommunication services and consumer electronics is expected to increase nanophotonics' demand significantly. The Asia nanophotonics market is expected to expand significantly in the coming years.
DataM Analysis Report
The Asia Nanophotonics market is projected to expand at a significant CAGR during the forecast period. The growing emphasis on introducing new nanophotonic solutions in line with the evolving market landscape, applications and technology innovation associated with material and manufacturing technologies that are versatile, lightning-fast, consume less energy and are widely available are driving the market growth. Market participants should closely monitor the latest trends and shift toward developing products to gain a competitive advantage in the existing Asia Nanophotonics Market landscape.
Asia Nanophotonics Market Overview
- According to DataM Intelligence's latest research report on the Asia Nanophotonics Market for the historic period, 2020 and the forecast period 2021–2029, One of the key market drivers is the expanding breakthrough in the telecommunications industry. Furthermore, as the largest nanophotonics end-users, rising consumer electronics demand is a key driver for the market. Implementing artificial intelligence and cohesive design architecture opens new avenues for the Asia Nanophotonics market. Because of the impact of COVID-19, the Asia Nanophotonics market fell in 2020. Despite the short-term hurdles, the pandemic is anticipated to positively impact the Asia nanophotonics market's long-term outlook. The demand for nanophotonics remains high and is expected to rise further as electronics become more powerful and find more applications in everyday life.
- In terms of revenue, the Asia Nanophotonics Market reached US$ xx Million in 2021 and is expected to reach US$ xx Million by 2029, growing with a CAGR of xx% from 2021 to 2029.
Key Driver
- Asia-Pacific nanophotonics is expected to grow fastest in the forecast period due to tremendously improving demand for consumer electronics, the rapid expansion of industries, technological growth and digitalization.
- China's advancement in nanoscience is due to the country's high levels of investment in the field and ambitious research and development goals, such as making China a world-leading scientific powerhouse by 2050. Chinese researchers have also contributed to various nanomedicine applications, such as better cancer treatment approaches. Despite these developments, Dai Qing, who returned to China in 2012 to establish a nanophotonics lab at the National Center for Nanoscience and Technology, believes that Chinese scientists should push for higher returns on investment.
- Also, Korea is funding a significant amount of research to capitalize on the opportunities provided by this technology, with much of the government funding aimed at extending R&D and financing venture capital. The Korean Advanced Institute of Science and Technology (KAIST) and the Gwangju Institute of Technology Research are major academic institutions. The latter center's research has primarily focused on microelectromechanical systems and the development of optoelectric switches.
- Thus, an increase in focus on R&D to develop less energy-consuming, simple and easy to manufacture nanophotonic products is expected to offer lucrative opportunities to the Nanophotonics market in Asia during the forecast period.
The Rise in Applications of Nanophotonics in the Consumer Electronics Sector
- The demand for nanomaterials in the consumer electronics sector has risen dramatically due to tremendous advances in computing and electronics, which have resulted in faster, smaller and more portable systems capable of managing and storing increasing amounts of data.
- In the electronics industry, nanoparticle copper suspensions have been developed as a safer, less expensive and more dependable alternative to lead-based solder and other hazardous compounds commonly used to fuse devices during manufacturing. Carbon nanotubes in semiconductor chips and various nanomaterials in lighting technologies such as light-emitting diodes or LEDs and organic light-emitting diodes or OLEDs are just a few key nanomaterial applications in the electronics sector.
- The emission properties of LED/OLED devices are influenced by photonic crystals and other light-scattering structures, which can be quantified using rigorous optical simulators such as FDTD Solutions. Because the behavior of those scattering structures is greatly influenced by wavelength, material composition and geometry, careful investigation is required for researchers seeking to improve the quality and intensity of light output while lowering the cost per lumen.
- Other nanophotonics applications in electronics include using quantum dots in lasers and laser technology, various nanomaterials used in lithium-ion batteries, the future use of carbon nanotubes and other nanomaterials in fuel cells and photovoltaics by the solar industry. Furthermore, nanomaterials with antimicrobial properties are frequently used as surface coatings in a few electrical goods.
- For use in smartphone and e-reader displays, flexible electronics based on semiconductor nano-membranes have been developed. Other nanomaterials, such as graphene and cellulosic nanomaterials, are being used in wearable and tattoo sensors for various flexible electronics applications. The flexibility of carbon nanotubes increases their potential as an anode material or addition in lithium-ion battery systems.
- The Asia Nanophotonics Market is expanding due to various factors such as increased population and infrastructure, rising living standards and middle-class per capita income and replacing traditional lighting. As a result, these factors are expected to increase the demand for nanophotonics in the electronics market.
- Furthermore, the Asia Nanophotonics Market is expanding as a result of the growing use of nanophotonic LEDs and OLEDs in flat panel displays and lighting applications. End users are increasingly adopting these energy-efficient and cost-effective solutions. Furthermore, developing countries are focusing more on energy conservation measures. LED and OLED adoption is driven by consumers' growing popularity of large-screen displays.
- LED/OLEDs can be found in a variety of applications, such as T.V. screens, cell phones and other electronic devices. There has been an increase in demand for nanophotonics high beam LEDs for ultra-high light sanitization during the COVID-19 epidemic. Increased Internet penetration and technological advancements are assisting the market.
Asia Nanophotonics Market Competition Landscape
- Extensive and detailed profiles of market players with significant market share in the Asia Nanophotonics Market have been provided in the report, along with an evaluation of their financials, key product offerings, recent developments and strategies
- Key players operating in the Nanophotonics market in Asia nanophotonics Market are EPISTAR Corporation, Samsung SDI Co Ltd, OSRAM Licht AG, Lumileds Holding B.V., NOVALED AG, Hitachi, NEC, Seiko Epson Corporation, Sharp Corporation, General Electric Company, Intel Corporation, International Business Machines Corporation.
Strategic Partnerships
- Major market players of nanophotonics in Asia, such as Samsung SDI Co Ltd, OSRAM Licht AG, focus on strategic partnerships and acquisitions to expand their footprint. Some other key market strategies in the Asia Nanophotonics market are highlighted below:
- On April 30, 2021, A research team from Nankai University's School of Chemistry and the Ministry of Education's Key Laboratory of Chemistry for Advanced Energy Materials partnered to develop high-performance large-area quasi-two-dimensional perovskite LED controllable preparation.
- On September 24, 2019, OSRAM Group launched new LiDAR lasers that allow autonomous vehicles to "see" farther and more effectively. The two new infrared high-power SMT components for LiDAR (Light Detection and Ranging) applications are expected to broaden system developers' options and expand the company's product portfolio.
