Photonic Integration Circuit Market Analysis
The global Photonic Integrated Circuit Market is expected to exhibit a strong 25.9% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global photonic integrated circuit market was valued at USD 385.5 million in 2017 and is expected to rise to a valuation of close to USD 1.5 billion by 2023.
A circuit consists of photonic sensors and electronic components which use lights/photons to operate and perform operations is a Photonic Integrated Circuit which is similar to an integrated electronic circuit. These PIC circuits use high-speed photons as data carriers over low-speed electrons. Due to this facility, the PIC included devices can transfer large amounts of data with high speed and efficiency which makes it a favorable technology among the users. PIC circuits are seen in various applications like Calorimetry, Lidars, Nanoelectronics, and silicon-based technologies.
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Competitive Leaderboard:
Leading players in the global photonic integrated circuit market include Mellanox Technologies Ltd., Kaiam Corporation, JDS Uniphase Corporation, Intel Corporation, Infinera Corporation, Hewlett-Packard Company, Finisar Corporation, Enablence Technologies Inc., EMCORE Corporation, CyOptics Inc., Ciena Corporation, Broadcom Inc., Alcatel-Lucent SA, Aifotec AG, and Agilent Technologies Inc.
Segmentation:
The global photonic integrated circuit market is segmented on the basis of integration type, component, application, and region.
By integration type, the global photonic integrated circuit market is segmented into hybrid, monolithic, and module.
By component, the global photonic integrated circuit market is segmented into lasers, modulators, photo detectors, attenuators, and optical amplifiers.
By application, the global photonic integrated circuit market is segmented into optical fiber communication, optical fiber sensor, biomedical, quantum computing, and others. The quantum computing segment is likely to retain an important share in the global photonic integrated circuit market over the forecast period. Optical fiber communication is also likely to be an important application segment of the global photonic integrated circuit market over the forecast period.
Regional Analysis:
North America leads the global photonic integrated circuit market and is likely to remain in the leading position over the forecast period. Advanced photonic integrated circuit technology is available in the region, due to the growing presence of major market players in the region.
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