Market Highlights:
The Photonic Integrated Circuit 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 25.9%.
Photonic integrated circuits are designed to integrate optical and electronic components on substrates/chips which are fabricated using wafer-scale technologies. Photonic integrated circuits comprise a complex circuit configuration and is capable of hosting a collection of identical components. Although these circuits function similar to electronic integrated circuits, they lack in achieving complexity as that of electronic integrated circuits. Thus, these circuits are largely adopted for fiber-optic networks, optical sensors, optical fiber communications, and metrology applications.
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.
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Segments
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.
Regional Analysis
The 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 South America).
North America is expected to dominate the global photonic integrated circuit market owing to wide presence of network service providers and data centers. The region has largely adopted fiber optic communication over other communication medium thereby, attributing to the growth of photonic integrated circuit market. Also, the companies operating in North American region are heavily investing in research to miniaturize the size of integrated circuits by integrating electronic and optical components over a single chip. The market in European region is estimated to hold the second largest share of photonic integrated circuit market. However, the region of Asia-Pacific is expected to witness the fastest growth during the forecast period owing to developments in bio-photonics and similar technologies in China, Japan, and India. Moreover, proliferation of data centres and access networks in China and India is boosting the growth of photonic integrated circuit market in Asia-Pacific region.
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