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Photonic Integrated Circuit Market Size 2019 – Trends, Analysis Covers Leading Manufacturers, Top Regions, and Forecast to 2024

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Photonic Integrated Circuit Market2019-2024 report provides vital data associated to the complete market shares, growth rate, revenue, challenges, opportunities prediction over a five-year period, from 2019 to 2024. In this Photonic Integrated Circuit market report, the analysts have presented important statistics which tells to the production and consumption forecast for the key areas that the Photonic Integrated Circuit market is considered into, production forecast by type, and consumption forecast by application. Photonic Integrated Circuit market shares of positive growth as investors cheered its financial results for last some years.

In Photonic Integrated Circuit Market Report, Following Companies Are Covered:

  • Neophotonics Corporation
  • Infinera Corporation
  • Lumentum Holdings Inc.
  • Intel Corporation
  • Colorchip Ltd
  • Ciena Corporation
  • Finisar Corporation
  • Huawei Technologies Co. Ltd
  • Source Photonics Inc.
  • Luxtera
  • VLC Photonics
  • Mellanox Technologies Ltd

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    Market Overview:

  • The global photonic integrated circuit market was valued at USD 472.5 million in 2018, and is expected to register a CAGR of 26.4% over the forecast period (2019-2024). Photonic integrated circuit (PIC) technology is widely used to transfer huge amounts of data at a very high speed and finds applications in the field of optical fiber communications. One of the most significant drawbacks that PICs address is the power consumption issue. In fact, it is estimated that annually more than 5% of all the electricity generated, globally, was used in data center establishments, and this consumption is rising by at least 1.7% every year. But in the case of photonic ICs, it is estimated that the power consumed in such critical applications could be reduced by at least 50%.
  • Similar to the traditional PICs, which operate at wavelengths of 1.3 and 1.55μm, even hybrid PICs find great applications in telecommunication business and data centers. The need for high rate of data transfer, which cannot be accommodated by the traditional ICs, is the major factor leading to increased adoption of hybrid PIC in both telecom and data center markets.
  • The increasing number of cloud applications are rapidly up scaling the traffic that has to be handled by data centers. According to Cisco Systems, as of 2017, the volume of cloud traffic alone, across the data centers, exceeded 5 zettabytes per year, indicating a critical need for advanced switching and data transfer hardware, which can be met by hybrid PICs.
  • Although hybrid photonic integrated circuits are highly efficient and pose several advantages, when compared to their predecessors. They are still new to the market, and hence, experience a very low level of market penetration, when compared to the traditional ICs.<

    Scope of the Report:

  • Multiple photonic components, such as waveguides, lasers, modulators, and detectors, when integrated on a single chip are referred to as photonic ICs. When compared to traditional ICs, photonic ICs are extremely fast, accommodate higher bandwidth, and are highly power efficient.

    Photonic Integrated Circuit Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Key Market Trends:

    III-V Material to Hold a Major Market Share

    GaAs photonics is a significantly tiny market, whose principal application was data centers. However, after the introduction of a 3D sensing function using GaAs-based VCSELs in Apple’s iPhone X, GaAs VCSEL has attained enormous growth.

    The growth in 3D sensing applications in the consumer electronics market, automotive lighting, the increasing LiDAR applications, horticultural lighting, IR LED applications and display applications are expected to increase the demand for GaAs photonics over the forecast period.

    In III-V materials, the market potential for InP (Indium Phosphide) PIC is considered very high. It can best be understood as a subset of the PIC market, which as a whole is further developed. The increasing potential for data center solutions and data center construction across the world is expected to aid the adoption of InP PIC over the forecast period.

    North America to Hold a Major Market Share

    In North America, the demand for photonic integrated circuits (PIC)-based products is driven by data centers and WAN applications of fiber optic communication. The need for high-speed data transmission increased the data traffic in cloud computing, and the rapid roll-out of IoT has created a potentially booming photonic integrated circuit industry in the region.

    Service providers are facing an increasing demand for bandwidth, much of which is being driven by mobile, video, and cloud-based service. For instance, in the United States, video streaming from Netflix alone accounts for nearly a quarter of all bytes transferred at peak times. Companies are expected to base their optical networks on the PIC, which is expected to contribute to the market’s growth positively.

    Reasons for Buying Photonic Integrated Circuit Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Detailed TOC of Photonic Integrated Circuit Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Key Deliverables of the Market
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY
    2.1 Analysis Methodology
    2.2 Research Phases

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Wide Range of Applications in Telecommunications and Data Centers
    4.4 Market Restraints
    4.4.1 Strong Demand for Traditional ICs
    4.5 Industry Attractiveness – Porter’s Five Forces Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type of Component
    5.1.1 Laser (Optical Laser)
    5.1.2 Modulators
    5.1.3 Detectors
    5.1.4 Transceivers
    5.1.5 Multiplexer / Demultiplexer (MUX/DEMUX)
    5.1.6 Optical Amplifiers
    5.2 By Type of Raw Material
    5.2.1 III-V Material
    5.2.2 Lithium Niobate
    5.2.3 Silica-on-Silicon
    5.2.4 Quantum Dots
    5.2.5 Other Raw Materials (Graphene, Silicon-on-Insulator)
    5.3 By Integration Process
    5.3.1 Hybrid
    5.3.2 Monolithic
    5.4 By Application
    5.4.1 Telecommunications
    5.4.2 Biomedical
    5.4.3 Data Centers
    5.4.4 Other Applications (Optical Sensors(LiDAR), Metrology, etc.)
    5.5 Geography
    5.5.1 North America
    5.5.2 Europe
    5.5.3 Asia-Pacific
    5.5.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Neophotonics Corporation
    6.1.2 Infinera Corporation
    6.1.3 Lumentum Holdings Inc.
    6.1.4 Intel Corporation
    6.1.5 Colorchip Ltd
    6.1.6 Ciena Corporation
    6.1.7 Finisar Corporation
    6.1.8 Huawei Technologies Co. Ltd
    6.1.9 Source Photonics Inc.
    6.1.10 Luxtera
    6.1.11 VLC Photonics
    6.1.12 Mellanox Technologies Ltd

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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