Nanophotonics Market Report 2026

The nanophotonics market size has grown exponentially in recent years. It will grow from $43.69 billion in 2025 to $56.28 billion in 2026 at a compound annual growth rate (CAGR) of 28.8%. The growth in the historic period can be attributed to early applications in telecommunications, research and development in consumer electronics, adoption in medical imaging, integration in indicator and signage systems, experimental deployment in high-performance computing.

The nanophotonics market size is expected to see exponential growth in the next few years. It will grow to $149.07 billion in 2030 at a compound annual growth rate (CAGR) of 27.6%. The growth in the forecast period can be attributed to research in high-efficiency photonic devices, development in solar photovoltaic applications, scaling up in display technologies, commercialization of optical switches and amplifiers, adoption in holographic storage systems. Major trends in the forecast period include development of nano-optical devices, integration of photonic crystals and quantum dots, deployment of nanophotonic leds and oleds, optimization of plasmonic and nanotube materials, advancements in holographic data storage.

The growing demand for high-speed internet connectivity is expected to drive the growth of the nanophotonic market going forward. High-speed internet connectivity refers to fast and reliable data transmission that allows seamless access to online services, cloud applications, and digital communication through advanced technologies such as fiber optics, 5G, and broadband networks. This demand is rising due to the rapid expansion of fiber-optic and 5G network infrastructure worldwide, which enables faster and more dependable data transmission across regions. Nanophotonics supports high-speed internet connectivity by providing faster and more energy-efficient data transmission through light-based components rather than traditional electronic ones, thereby reducing latency and increasing bandwidth capacity to meet growing global data requirements. For example, in November 2024, the UK Parliament’s House of Commons Library, a UK-based government administration, reported that as of January 2024, 78% of UK premises had access to gigabit broadband, demonstrating significant progress toward the UK government's target of 85% coverage by 2025 and nationwide availability by 2030. Therefore, the rising demand for high-speed internet connectivity is driving the growth of the nanophotonic 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.

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 are Cambrios Technologies Corporation, Cnano Technology, Cree Inc., LG Display Co. Ltd., Nanocs Inc., Nanocyl S.A., Nanoco Technologies Ltd., 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, Nano Magic LLC, eSpin Technologies, Advanced Nano Products Co. Ltd (ANP), Hamamatsu Photonics K.K., Agiltron Inc., Seoul Semiconductor Co. Ltd., Jenoptik AG, Tech-X Corporation, Nanophase Technologies Corporation.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the nanophotonics market by increasing costs of imported quantum dots, photonic crystals, and nanoscale optical components. Segments such as telecommunications, consumer electronics, and PV cells in Asia-Pacific, North America, and Europe are most impacted. Nevertheless, tariffs encourage local production, innovation in energy-efficient optical devices, and the development of sustainable nanophotonic materials.

The nanophotonic market research report is one of a series of new reports 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.

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.Asia-Pacific was the largest region in the nanophotonic market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the nanophotonics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nanophotonics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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