Photonic Integrated Circuit Market Synopsis:
The global Photonic Integrated Circuit (IC) Global Market was valued at USD 385.5 million in 2017 and is expected to reach USD 1,492.4 million by the end of the forecast period with a CAGR of
A photonic integrated circuit (PIC) Industry is a combination of photonic sensors and other electronic components that uses lights/photons to operate and perform various optical functions. In the functioning of a PIC, the signals are processed by integrating a visible and infrared wavelength on them between 800 nm to 1700 nm. Photonic sensors play a significant role in the PIC by converting the light signals into electric form. PIC has seen a wide application in nanoelectromics, Lidars, calorimetry, and silicon-based technologies. The major benefit of PIC is that it offers various advantages over traditional integrated circuits. PICs often provide high speeds, and high bandwidth with less energy consumption.
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The market study indicates that various developments and innovations in the field of photonics and fiber optics have recently boosed the market. moreover, the testing phase of 5G technology is also expected to boost the photonic integrated circuit market. also, PIC has a high demand in quantum computing and optical fiber sensing applcations. It is alos witnessed that the photonic integrated circuits provide the end-users with less energy consumption, and smaller and faster products. The companies operating in the photonic integrated circuit market focus on research and development to make efficient, eco-friendly products. However, the biggest disadvantage of usinfg PIC is their compactness. As the size of PICs gets reduced, its operational performance also degrades.
Photonic Integrated Circuit Market Key Players:
The key players in the photonic integrated circuit market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Agilent Technologies, Inc. (US), Aifotec AG (Germany), Alcatel-Lucent SA (France), Broadcom Inc. (US), Ciena Corporation (US), CyOptics Inc. (US), EMCORE Corporation (US), Enablence Technologies Inc. (Canada), Finisar Corporation (US), Hewlett-Packard Company (US), Infinera Corporation (US), Intel Corporation (US), JDS Uniphase Corporation (US), Kaiam Corporation (US), and Mellanox Technologies Ltd (US). These players contribute a major proportion towards market growth.
Apart from the top key players, the other players contribute nearly 30–35 % in the photonic integrated circuit market. These include Luxtera Inc. (US), NeoPhotonics Corp (US), Oclaro Inc. (US), OneChip Photonics Inc. (US), TE Connectivity (Switzerland) and others.
Photonic Integrated Circuit Market Segmentation:
The global photonic integrated circuit market is segmented into integration type, component, application, and region.
By integration type, the market is segmented into hybrid, monolithic, and module
By component, the market is segmented into lasers, modulators, photo detectors, attenuators, and optical amplifiers.
By application, the market is segmented into optical fiber communication, optical fiber sensor, biomedical, quantum computing, and others.
By region, the photonic integrated circuit market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
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Photonic Integrated Circuit Market Regional analysis:
The global market for photonic integrated circuit is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of photonic integrated circuit market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Among the region mentioned, North America leads the market due to high number of developments in integrated circuits and sensors. This has led to the drive the market of photonic integrated circuits in the US and Canada. Europe closely follows North America in the photonic integrated circuit market having a significant growth rate over the forecast period. On the other hand, countries like Japan, China, and South Korea have a significant share in the photonic sensor market, thereby making Asia-Pacific the highest growing region during the forecast period.
Intended Audience
System integrators
OEMs/ODMs
Electronic Component Manufacturers
Service Providers
Resellers and Distributors
Consultancy and advisory firms
Government Agencies
Consulting Firms
Research Institutes and Organizations
Technology Standards Organizations
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