Photonic Integrated Circuit (IC) Market Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Photonic Integrated Circuit (PIC) is an IC that utilizes photons for transferring information signals in the near infrared or visible spectrum of light. Though similar to electronic ICs, the PIC's usage of optical wavelengths provides it the added benefits of enhanced functionalities, greater speed, and higher integration. Photonic ICs owe their genesis to develop and deploy high-speed data transmissions which the traditional copper-based transmissions and electronic ICs fail to adhere to.

MARKET DYNAMICS

Some of the major drivers propelling the growth of photonic integrated circuit (IC)market include, High Demand for Indium Phosphide (InP)-based PICs and increasing its applications in data centers. However, the complexity of the design and huge power consumption may confine the expansion of the photonic integrated circuit (IC) market.

MARKET SCOPE

The "Global Photonic Integrated Circuit (IC) Market Analysis to 2031" is a specialized and in-depth study of the photonic integrated circuit (IC) industry with a special focus on the global market trend analysis. The report aims to provide an overview of photonic integrated circuit (IC) market with detailed market segmentation by component, material type, application, and geography. The global photonic integrated circuit (IC) market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading photonic integrated circuit (IC) market players and offers trends and opportunities in the market.

MARKET SEGMENTATION

The global photonic integrated circuit (IC) market is segmented on the basis of component, material type, and application. Based on component, the photonic integrated circuit (IC) market is segmented as laser, modulators, detectors, transceivers, MUX/DEMUX, optical amplifiers, and others. On the basis of material type, the market is segmented as lithium niobate, silica-on-silicon, galium arsenide, indium phosphide, and others. Furthermore, on the basis of application, the market is segmented as optical communication, biomedical, optical fiber sensor, quantum computing, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global photonic integrated circuit (IC) market based on various segments. it also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The photonic integrated circuit (IC) market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting photonic integrated circuit (IC) market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the photonic integrated circuit (IC) market for each region.

MARKET PLAYERS

The reports cover key developments in the photonic integrated circuit (IC) market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from photonic integrated circuit (IC) market are anticipated to lucrative growth opportunities in the future with the rising demand for photonic integrated circuit (IC) in the global market. Below mentioned is the list of few companies engaged in the photonic integrated circuit (IC) market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.

•   Agilent Technologies
  
•   Broadcom
  
•   Ciena Corporation
  
•   Finisar Corporation
  
•   Infinera Corporation
  
•   Intel Corporation
  
•   Keysight Technologies
  
•   NeoPhotonics Corporation
  
•   Source Photonics Inc
  
•   TE Connectivity
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Photonic Integrated Circuit (IC) Report Scope