Photonic Integrated Circuit (IC) Market size was valued at USD 5.1 Billion in 2021, registering a CAGR of 20.4% during the forecast period (2022-2030), and the market is projected to be worth USD 27.4 Billion by 2030.
Multiple photonic components, such as waveguides, lasers, modulators, and detectors, are referred to as photonic ICs when they are combined on a single chip. Photonic integrated circuits (ICs) are significantly faster, can handle a wider bandwidth, and use less power than conventional ICs. These characteristics have been working to overcome some of the major flaws in conventional ICs. The power used in such vital applications might be cut by at least 50% in the case of photonic ICs. The frequencies that photons might cover are around 1,000–10,000 times greater than the spectrum covered by microelectronics, suggesting that end users may attain substantially higher frequencies using photonic ICs that are far more energy-efficient than conventional ICs.
Photonic Integrated Circuit (IC) Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Integrated type (Monolithic Integration, Hybrid Integration, Module Integration), By Raw Material (Indium Phosphide, Gallium Arsenide, Lithium Niobate, Silicon, Silicon-on-Insulator, Others), By Application (Optical Communication, Sensing, Optical Signal Processing, Biophotonics), By Component (Lasers, Modulators, Detectors, Attenuators, Multiplexers/De-multiplexers, Optical Amplifiers) and companies (Cisco Systems, Inc., MACOM, Mellanox Technologies, NeoPhotonics Corporation, Oclaro, Inc., TE Connectivity, Uniphase Inc., VLC Photonics S.L., Agilent Technologies, Broadcom, Ciena Corporation, Enablence, II-VI Inc., Hewlett Packard, Huawei Technologies Co., Ltd., Infinera Corporation, Intel Corporation, Broadex Technologies Co., Ltd.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 20.4%, over the forecast period of 2022–2030.
The increased adoption of Photonic Integrated Circuit (IC) in the Semiconductors industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Photonic Integrated Circuit (IC) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Photonic Integrated Circuit (IC) in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||27.4 Billion|
|By Integrated Type||Monolithic Integration, Hybrid Integration, Module Integration.|
|By Raw Material||Indium Phosphide, Gallium Arsenide, Lithium Niobate, Silicon, Silicon-on-Insulator, Others.|
|By Application||Optical Communication, Sensing, Optical Signal Processing, Biophotonics.|
|By Component||Lasers, Modulators, Detectors, Attenuators, Multiplexers/De-multiplexers, Optical Amplifiers.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Cisco Systems, Inc., MACOM, Mellanox Technologies, NeoPhotonics Corporation, Oclaro, Inc., TE Connectivity, Uniphase Inc., VLC Photonics S.L., Agilent Technologies, Broadcom, Ciena Corporation, Enablence, II-VI Inc., Hewlett Packard, Huawei Technologies Co., Ltd., Infinera Corporation, Intel Corporation, Broadex Technologies Co., Ltd.|
The COVID-19 pandemic has had a substantial negative influence on the Photonic Integrated Circuit (IC) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Cisco Systems, Inc., MACOM, Mellanox Technologies, NeoPhotonics Corporation, Oclaro, Inc., TE Connectivity, Uniphase Inc., VLC Photonics S.L., Agilent Technologies, Broadcom, Ciena Corporation, Enablence, II-VI Inc., Hewlett Packard, Huawei Technologies Co., Ltd., Infinera Corporation, Intel Corporation, Broadex Technologies Co., Ltd.
Market Segment Analysis:
By Integration Type
- Monolithic Integration
- Hybrid Integration
- Module Integration
By Raw Material
- Indium Phosphide
- Gallium Arsenide
- Lithium Niobate
- Optical Communication
- Optical Signal Processing
- Optical Amplifiers
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Photonic Integrated Circuit (IC) industries in the region.
Key Photonic Integrated Circuit (IC) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Photonic Integrated Circuit (IC) Market segments.
– Largest Market Share Held by Industry to Industry for Photonic Integrated Circuit (IC)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Photonic Integrated Circuit (IC) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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