THE LEADING RESEARCH REPORTS DISTRIBUTION
NETWORK

icrowd research icrowd research icrowd research icrowd research icrowd research icrowd research icrowd research icrowd research icrowd research

Photonic Integrated Circuit Market Share, Trends, Business Trends, Opportunities, Key Players, Development Status and Impact of COVID

Jan 13, 2022 7:07 PM ET

Photonic Integrated Circuit Market Share, Trends, Business Trends, Opportunities, Key Players, Development Status and Impact of COVID

Market Highlights:

The photonic integrated circuit (PIC) refers to the combination of electronic components and photonic sensors that make use of the photons to perform different optical functions. In the photonic integrated circuit, the photonic sensors play an important role in converting the light signals into electrical signals. The photonic integrated circuit finds wide application in calorimetry, nanoelectronics, silicon-based technologies, and Lidars. In comparison to the traditional integrated circuits, PIC offers numerous benefits. High bandwidth, high speed, and low energy consumption are the major benefits of using photonic integrated circuits.

The ongoing innovations and developments in the fiber optics and photonics field are expected to boost the growth of the global market of the photonic integrated circuit. The increasing demand of PIC in the semi-conductor industry also propels the market growth. In addition, the testing of 5G technology is further expected to accelerate the growth of the global Photonic Integrated Circuit Market. The increase in the use of PIC in the optical fiber sensing and quantum computing applications are other significant factors that drive the growth of the market.

The use of the photonic integrated circuits offers the end-users with faster and smaller products that consume much less energy. The increase in the demand for efficient and eco-friendly products is further a driving factor of the global photonic integrated circuit market. The global market of the photonic integrated circuit is expected to reach a CAGR of 25.9% during the forecast period. However, the compactness of the photonic integrated circuit is a prominent disadvantage that is likely to hinder the growth of the global market.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7480

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 share in the Photonic Integrated Circuit Market.

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.

Segments

The global photonic integrated circuit market is segmented on the basis of component, integration type, application, and geographical region.

On the basis of component, the global market of the photonic integrated circuit is classified into lasers, modulators, optical amplifiers, attenuators, and photodetectors.

On the basis of integration type, the global market of the photonic integrated circuit is divided into hybrid, monolithic, and module.

On the basis of application, the global photonic integrated circuit market is segmented into the optical fiber sensor, quantum computing, biomedical, optical fiber communication, and others. The segment of optical fiber communication is expected to witness faster growth during the forecast period.

Regional Analysis

On the basis of geographical region, the global market of the photonic integrated circuit is segmented into Asia Pacific, North America, Europe, and the rest of the world. North America is the leading market segment in the global photonic integrated circuit market owing to the increase in the development of sensors and integrated circuits in the region. Europe is expected to experience significant growth in the photonic integrated circuit market during the forecast period. Asia Pacific region is projected to register the fastest growth during the forecast period owing to the presence of key players in countries such as China, Japan, and South Korea.

Get Complete Report @ https://www.marketresearchfuture.com/reports/photonic-integrated-circuit-market-7480

About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.