Light-Based Laptop or Smartphone Market - Global Industry Analysis, Size, Growth, Trends and Forecast 2017 - 2025
- Transparency Market Research
Light-based laptop or smartphone refers to a model of photonic laptop or smartphones in which data transfer takes place at the speed of light. For this purpose, a special chip is required that can control light and sound waves at the same time. They will be able to transfer information from a light wave to a sound wave and back again. Light-based or photonic computers have the potential to run at 20 or more times faster than the average laptop. Also, these advanced devices won't emit heat or use energy like existing devices since, they would process data in the form of photons instead of electrons.
Rising awareness regarding the damage caused to the eyes by blue violet light emitted by a smart phone and laptop screen is acting as a major driver for light-based laptop or smartphone market. Excessive exposure to blue-violet light puts human at a greater risk of macular degeneration, a primary cause of blindness. Other side effects of blue light include disrupting sleep patterns, depression and mood swings. Another factor favoring market growth is the ability of light-based laptop or smartphone to run 20 times faster because in a chip speed of light is much faster than electrons approximately 20 times. However, the uncertainty regarding the compatibility between challenge new light-based and existing electronic chips is creating hindrance to the market. If these photonic transistors could be used to enhance the electronic transistors, a substantial performance improvement could be achieved. On the other hand, shifting trend towards eye-soothing and power efficient display panels for several commercial applications, and growing smart wearable devices market is providing new opportunities for market growth.
The global light-based laptop or smartphone market is classified on the basis of offerings, industry vertical and geographically. Classification on the basis of offering includes Micro display, small-sized display, medium-sized display and large-scale display. Light-based laptop or smartphone market by industry vertical is categorized as consumer electronics, automotive, retail, BFSI, government and defense, sports and entertainment, others. The global light-based laptop or smartphone market has been divided into five geographic regions i.e. North America, South America, Europe, Asia Pacific, and Middle East and Africa.
Among various offerings, large-sized display is expected to hold significant share of the global light-based laptop or smartphone market during the forecast period because of growth in video watching in mobile phones and demand for better resolution and enhanced display features. Millions of people watch videos on their phones, send email, conduct video meetings, and manage entire businesses. The medium-sized display smartphones are anticipated to increase in market share during the forecast period in order to satisfy the different habits and preferences of today’s varied market of smartphone consumers. Also, industry standards are finding a state of balance in preference between the too-small and too-large display screens of smartphones.
Based on application, the consumer electronics application in the light-based laptop or smartphone market is predicted to witness high growth rate during the forecast period. The high acceptance rate of user friendly display technology in consumer electronics devices (such as smartphones, PC monitors, tablets, TVs, laptops, and smart wearable), is the main reason behind the large market share of consumer electronics. The retail industry is also expected to witness a significant growth rate in the light-based laptop or smartphone market.
North America is forecasted to hold a large share 2025 owing to high adoption rate of innovative display and lighting technology, especially in the United States. APAC is expected to grow at the highest growth rate due to the presence of large consumer population. Also, some of leading smartphones and laptop manufacturers present in China, Japan and Korea launch their new display and lighting products in APAC. This is turn is likely to enhance the adoption of the light-based laptop or smartphone market in this region.
Some of major market players are involved in extensive research and development in field of light-based laptop or smartphone such as IBM Corporation, Sony Corporation, Apple Inc., Panasonic and Intel Corporation, among others.
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
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- Middle East and Africa (GCC, Southern Africa, and North Africa)
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