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Photonic Integrated Circuit (IC) Market Analysis, Share and Size, Emerging Trends, Growth, Overview And Segment Forecasts To 2024
The photonic IC market is expected to reach USD 3.54 billion by 2024 according to a new report by Grand View Research, Inc. Photonic IC is an integrated circuit that uses optical wavelength as an information signal and provides multiple integrated photonic functions. Photonic IC, as such, is similar to an electronic IC and can be a viable replacement for it as well as for the copper-based wired transmission. Photonic IC forms an integral part of lasers, optical amplifiers, modulators, and MUX/DEMUX components, which are extensively used in the optical signal processing, optical communication, biophotonics, and sensing applications. The growing demand for sensing and optical devices are expected to fuel the growth of the photonic IC market. Browse Detail Report With TOC @ http://hexareports.com/report/photonic-integrated-circuit-ic-market/details There is an increasing need for cost effective, power efficient, and compact PICs which would further propel the photonic IC market over the forecast period across the mobile broadband Internet access, high-performance computing, datacenter, and enterprise networking, along with metro and long haul data communications, among many others. The increasing adoption of the high-level integrated PICs and application-specific PICs would boost the photonic IC market to strive for greater functionality and new product development across a number of verticals.
Hexa Reports Market Research Reports and Insightful Company Profiles The photonic IC market is anticipated to grow substantially due to the continuous technological advancements and the evolving end-user demands. The laser, optical amplifier, and MUX/DEMUX component segments possess enormous growing opportunities, owing to the ability of photonic ICs to incorporate new optical functionalities that can be embedded on a single chip to achieve high efficiency and compactness. The increasing demand for the optical communication and sensing applications is driving the growth of photonic ICs around the globe with an efficient management of datacenters and long haul networks providing a thriving market for them. Moreover, with the advancements in quantum computing, the adoption of photonic ICs are increasing as they allow multitasking that quantum computing readily requires. Also, the growing adoption of the biophotonic application in medical devices also holds considerable growth opportunities for the photonic ICs market. Semiconductors Market Research Related Reports:  Position Sensors Market Analysis And Segment Forecasts To 2022 http://hexareports.com/report/position-sensors-market/details  Semiconductor Laser Market Analysis And Segment Forecasts To 2024 http://hexareports.com/report/semiconductor-laser-market/details On the other hand, the high bandwidth and optimum performance requirements of the telecommunication industry, data storage, cloud service providers, and large business enterprises are expected to boost the optical communication and signal processing segments. This market will create many new opportunities culminating in an increased adoption of photonic ICs over the forecasted period. Further key findings from the report suggest: There is a growing need for higher bandwidth and greater transmission speeds across the Information and Technology (IT) industry. Photonic ICs can be incorporated into the existing products to fulfill this demand in diverse industry verticals to transmit, receive, and switch high-speed digital signals in communication networks. Progressive research and developments are being made towards the lowcost, high-performance optics to help lower the cost of the high-speed Internet access and boost the efficiency of the telecommunication networks The growing shift towards quantum computing and machine learning, among others, requires enormous parallel computing capabilities. The optical quantum computers can perform much faster than the traditional computers in terms of multitasking, higher level of integration, and efficiency while consuming lower power. This will open new avenues for photonic IC-based computing services across a wide range of verticals.
Hexa Reports Market Research Reports and Insightful Company Profiles Broadcom Limited (U.S.), Viavi Solutions, Inc. (U.S.), and NeoPhotonics Corporation (U.S.) are some of the major industry players in this domain. Other key vendors include Oclaro, Inc., Kaiam Corp, Luxtera Inc., Infinera Corp., Finisar Corporation, Ciena Corporation, and Emcore Corporation, among others. Table Of Content Chapter 1 Methodology and Scope 1.1 Research methodology 1.2 Research scope and assumptions 1.3 List of data sources Chapter 2 Executive Summary 2.1 Photonic IC - Industry snapshot and key buying criteria, 2014 - 2024 Chapter 3 Photonic IC Industry Outlook 3.1 Market segmentation 3.2 Market size and growth prospects 3.3 Photonic IC value chain analysis 3.4 Photonic IC market dynamics 3.5 Key opportunities - Prioritized 3.6 Industry analysis - Porter's 3.7 Photonic IC Competitor Analysis, 2016 3.8 Photonic IC PESTEL analysis Chapter 4 Photonic IC Regional Outlook 4.1 Photonic IC market share by region, 2014 & 2024 4.2 North America 4.3 Europe 4.4 APAC 4.5 RoW Chapter 5 Competitive Landscape 5.1 Avago Technologies Ltd. 5.2 Ciena Corporation 5.3 Emcore Corporation 5.4 Finisar Corporation 5.5 Infinera Corp. 5.6 Kaiam Corp. 5.7 Luxtera Inc. 5.8 NeoPhotonics Corporation 5.9 Oclaro, Inc. 5.10 Viavi Solutions Inc.
Hexa Reports Market Research Reports and Insightful Company Profiles Browse Full Report @ http://hexareports.com/report/photonic-integrated-circuit-ic-market/details About Us: Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Information: Ryan Shaw Felton Office Plaza, 6265 Highway 9, Felton, California, 95018, United States Phone Number 1-800-489-3075 Email Us: sales@hexareports.com Our Website: http://www.hexareports.com/ Visit our Blog: http://hexareports.blogspot.com/ Like our Facebook page: https://www.facebook.com/hexareportsindustry/ Follow us on LinkedIn: https://www.linkedin.com/company/hexa-reports-inc-