Photonic Integrated Circuit (IC) Market Will Secure Nearly US$ 3.54 billion With New Growth Opportunities
The global PhotonicIntegrated Circuit (IC) Market is estimated to touch US$ 3.54 billion by the completion of the prediction period. The market was appreciated by US$ 300.9 million in the year 2015. It is estimated to develop at a substantial CAGR for the duration of the prediction.
The
Photonic Integrated Circuit market on the source of Type of Application could
span Optical Signal Processing, Sensing, Bio photonics, Optical Communication.
The subdivision of Optical Communication ruled the market of Photonic
Integrated Circuit in 2015. It is segmented on the source of the applications.
The
latest years have witnessed marvelous growth in the movement of the data, which
the old-style copper created electronic means fail to transport. Photonic
Integrated Circuit created optical communication delivers a price operative and
well-organized substitute to data conduction. This is estimated to drive the
progress of the subdivision in the upcoming period.
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The
Photonic Integrated Circuit (IC) on the source of Type of Raw Material could
span Silica-on-Silicon, Lithium Niobate [LiNbO3], Indium Phosphide [InP],
Silicon, Gallium Arsenide [GaAs]. The subdivision of Indium Phosphide [InP]
tops the market by means of stake in the general division of the raw materials.
The increasing requirement for greater speed of the data and the speed of the
conduction are powering the demand for the Indium Phosphate created photonic
ICs. This is thoroughly tracked by the subdivision of Silica-on-Silicon. Over
the forecast period, the silicon created photonic Integrated Circuit is
projected to develop speedily over the period of prediction.
The
Photonic IC market on the source of Type of Integration could span Module
Integration, Monolithic Integration, Hybrid Integration. The subdivision of
monolithic integration category was leading, because it proposes power,
considerably abridged dimensions, and weightiness. The subdivisions of module
and hybrid integration categories together constitute the residual stake.
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The
Photonic Integrated Circuit (IC) on the source of Type of Component. The market
divided in to-Detectors, Modulators, MUX/DEMUX, Attenuators, Optical Amplifiers,
Lasers. The subdivision of laser component seized the biggest stake in the
market for photonic integrated circuit due to its extensive usage in engraving,
welding, marking.
The
subdivision of MUX/DEMUX component held the subsequent biggest stake. The wide-ranging
usage of fiber optics in telecommunication is estimated to increase the stake
of Photonic Integrated Circuit during the approaching years, by means of the
subdivision of optical amplifiers leading the way in the maximum development.
The
Photonic Integrated Circuit (IC) on the source of Area with respect to Trades
in terms of intake, Profits, Market stake and Development percentage in these
areas, for the duration of the prediction could span North America, Europe,
Asia Pacific, and Rest of the World [RoW].
By
the source of geography, North America detained the biggest stake of the market
during the recent past year. It was almost 41% of the international market. The
growing recognition of Photonic Integrated Circuit in the applications of
telecommunications and sensing and the need to improve present substructure is
driving the progress of the business in the area.
The
Asia Pacific is expected to display a robust development due to development in
long haul & transport networks, energy & utilities, and data centers.
It is projected to increase the stake of the market considerably above the
prediction period. This will happen due to a growing demand from the emerging
business of the information technology in the Asian nations like India and
China.
The
statement revises Trades in terms of intake of Photonic Integrated Circuit (IC)
in the market; particularly in North America, Europe, Asia Pacific, Rest of the
World [RoW]. It concentrates on the topmost companies operating in these
regions. Some of the important companies operating in the field are
NeoPhotonics Corporation, Broadcom Limited, Viavi Solutions, Inc. Additional
notable companies operating in the field are Emcore Corporation, Finisar
Corporation, Luxtera Inc., Oclaro, Inc., Ciena Corporation, Infinera Corp.,
Kaiam Corp, and others.
Market
Segment:
Photonic
IC Market Component Outlook (Revenue, USD Million, 2014 - 2024)
• Lasers
• MUX/DEMUX
• Optical Amplifiers
• Modulators
• Attenuators
• Detectors
Photonic
IC Market Raw Material Outlook (Revenue, USD Million, 2014 - 2024)
• Indium Phosphide (InP)
• Gallium Arsenide (GaAs)
• Lithium Niobate (LiNbO3)
• Silicon
• Silica-on-Silicon
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