Photonic Integrated Circuits (PIC), functions analogous to
electronic ICs, utilizes photons instead of electrons to carry data. Photons,
unit of light, travels comparably much faster than other data carriers, hence
data transfer speed has increased dramatically. Global photonic ICs market is
expected to rise at a remarkable rate as it offers substantial enhancements in
system size, power intake, cost, and dependability.
On the basis of uses, the global photonic IC market is segmented
into biophotonics, optical communication, sensors, optical signal processing
and nanophotonics. The global photonic IC market is further segmented on the
basis of integration methods deployed into monolithic integration, hybrid
integration, and module integration. In addition, the global photonic IC market
is segmented on the basis of components, namely: modulators, lasers,
multiplexers/de–multiplexers, detectors, optical amplifiers and others (such as
attenuators, wavelength converters, etc.). The market is segmented on the basis
of materials, namely: lithium niobate (LiNbO3), indium phosphide (InP), silicon
(Si), gallium arsenide (GaAs), and silica–on–silicon.
Ongoing limitation of electronic ICs in search of adding more
transistors over a single silicon substrate has pressured the industry to
invent a substitute. Furthermore, existing principal players have developed
monolithically combined InP-based photonic ICs that assimilates more than 600
components/utilities in a single chip. As a result, there is an enormous
competition in the marketplace as every single player is aiming at inventing
photonic IC-based products which would be capable of integrating large
quantities of functions/utilities at low cost. Budget and magnitude saving
accomplished by integrating diverse optical modules, including modulators,
detectors, and lasers, into a single package is the key focus area for the
players within the photonic ICs market. Rising demands for high speed
communication combined with developing application zones, specifically in the
arena of sensing, optical communications, and biophotonics have powered the
progress of the global photonic ICs market. In addition, high power efficiency,
inexpensive fabrication, improved reliability, and high data transfer rates
offered by photonic ICs are factors which are expected to propel this market.
The use of photons for the drive of offering high-speed information processing,
computation, and data transmission offers a sound prospect intended for the
development of photonic ICs market.
Optical sensors application is an emerging application in this
marketplace, which is utilized in fields like aerospace, defense,
transportation, energy, and medicine. Quantum computing, a technology soon to
be commercialized, is another segment that promises significant utilization of
photonic ICs. Photonic ICs are similarly used in biomedical arena, wherein InP-established
use of definite photonic ICs are being utilized for the diagnostic examination
of opaque skin tissues.
Optical communications is a leading application sector in the
photonic IC market, whereas biophotonics and sensing are the other key application
segments. Even though the present-day input from optical signal processing
segment is the minimum, it is anticipated to witness strong progress post the
commercialization of quantum computing.
Complete
Report is Available http://www.reportsweb.com/photonic-ics-pic-market-to-2025
North America leads the global photonic IC market, trailed by
Europe and Asia Pacific. While North America is the chief photonic IC market,
Asia Pacific is anticipated to witness strong growth, overtaking Europe and
eventually North America. The development in Asia Pacific can be majorly
credited to growing demand from optical communications and biophotonics
applications. The worldwide photonic IC market is extremely disjointed and is
branded by the presence of large number of players.
Global PHOTONIC
ICS Market Players:
-
Alcatel-Lucent S.A.
-
Infinera Corporation
- JDS
Uniphase Corporation
-
Huawei Technologies Co. Ltd.
- Avago
Technologies Ltd.
- Intel
Corporation
-
NeoPhotonics Corporation.
-
Agilent Technologies
- Ciena
Corporation
-
Emcore Corporation
Key questions answered in this report
Key questions answered in this report
- What will the market size be in 2025 and what
will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats
faced by the key vendors?
- What are the strengths and weaknesses of the
key vendors?
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