Global Photonic Integrated Circuit Market, By Component (Optical Laser, Modulator, Detector, Transceivers, Attenuators, Multiplexer/ Demultiplexer (MUX/DEMUX) amd Optical Amplifiers), Raw Material (III-V Material, Lithium Niobate, Indium Phosphide, Silica-on-Silicon, Gallium Arsenide, Silicon, Quantum Dots, Silicon-on-Insulator and Others), Integration (Hybrid, Monolithic and Module) Application (Optical Communications, Sensing, Optical Signal Processing and Bio Photonics), End Users (Telecommunications, Biomedical, Data Centres and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the photonic integrated circuit market will exhibit a CAGR of 27.90% for the forecast period of 2021-2028. Reduced energy consumption, increased operational speed and increasing application of photonic integrated circuit by the various end user industries are the major factors attributable to the growth of photonic integrated circuit market. This means that the photonic integrated circuit market value would stand tall by USD 44,407.18 million by the year 2028.
A photonic integrated circuit is an optical circuit that is similar in functioning to integrated electronic circuit. A photonic integrated circuit incorporates several optical components which are used to transfer huge data at a very high speed. A photonic integrated circuit is used by the various end user verticals such as telecommunications, biomedical, data centres and others.
Upsurge in the demand for application in multiplexers, lasers, modulators and optical amplifiers is inducing growth in the demand for photonic integrated circuit. Rising advancements in the wireless technology will further create lucrative growth opportunities for the photonic integrated circuit market. Also, increasing demand for technological solutions that offer high speed data transmission facilities will further promote the demand for photonic integrated circuits.
However, high installation, operational and maintenance costs will pose a major challenge to the market growth rate. Also, issues related to packaging and design of photonic integrated circuits will further create challenges to the market growth.
This photonic integrated circuit market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on photonic integrated circuit market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Photonic Integrated Circuit Market Scope and Market Size
The photonic integrated circuit market is segmented on the basis of component, raw material, integration, application and end users. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, the photonic integrated circuit market has been segmented into optical laser, modulator, detector, transceivers, attenuators, multiplexer/ demultiplexer (MUX/DEMUX) and optical amplifiers.
- On the basis of raw material, the photonic integrated circuit market has been segmented into III-V material, lithium niobate, indium phosphide, silica-on-silicon, gallium arsenide, silicon, quantum dots, silicon-on-insulator and others. Others segment is sub-segmented into graphene, silicon dioxide and silicon nitride.
- On the basis of integration, the photonic integrated circuit market has been segmented into hybrid, monolithic and module.
- On the basis of application, the photonic integrated circuit market has been segmented into optical communications, sensing, optical signal processing and bio photonics. Optical Communications segment is sub-segmented into FTTX and access networks, microwave/ RF photonics, long-haul and transport networks and optical datacom. Sensing segment is sub-segmented into structural engineering, chemical sensors, transport and aerospace and energy and utilities. Optical signal processing segment is sub-segmented into optical metrology, optical instrumentation, quantum optics and quantum computing. Biophotonics segment is sub-segmented into medical instrumentation, photonic lab-on-a-chip, analytics and diagnostics and optical biosensors.
- On the basis of end users, the photonic integrated circuit market has been segmented into telecommunications, biomedical, data centres and others. Others segment is sub-segmented into optical sensors (LiDAR), metrology and others.
Photonic Integrated Circuit Market Country Level Analysis
The photonic integrated circuit market is analysed and market size, volume information is provided by country, component, raw material, integration, application and end users as referenced above.
The countries covered in the photonic integrated circuit market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the photonic integrated circuit market owing to the prevalence of advanced IT and telecommunication infrastructure and earliest adoption of advanced technological solutions by the major end user verticals. Asia-Pacific on the other hand is set to register the highest CAGR for the forecast period owing to the optical fibre communications, especially in data centres and WAN.
The country section of the photonic integrated circuit market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Photonic Integrated Circuit Market Share Analysis
The photonic integrated circuit market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the photonic integrated circuit market.
The major players covered in the photonic integrated circuit market report are NeoPhotonics Corporation, POET Technologies, Infinera Corporation., Intel Corporation, Luxtera, Lumentum Operations LLC, ColorChip, Finisar Corporation, Huawei Technologies Co., Ltd., II-VI Incorporated, VLC Photonics S.L., TE Connectivity., Hewlett Packard Enterprise Development LP, Enablence., Broadcom., LioniX International, Nokia, Aifotec Design & Development by Tatjana Glasauer, Hamamatsu Photonics K.K. and ALE International among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Photonic Integrated Circuit Market
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