Photonic Integrated Circuits (ICs) Market : Opportunity Analysis and Industry Forecast upto 2022
The high degree of competition between Infinera Corp., Huawei Technologies Co. Ltd., Ciena Corp., and Alcatel-Lucent S.A. characterizes the competitive landscape of the global photonic integrated circuit (IC) market, finds a recent report by Transparency Market Research (TMR).
Owing to this rivalry, new entrants with niche offerings can expect growth opportunities in the form of mergers, acquisitions, and strategic alliances with the market leaders. Going forward, the competition in the market is likely to intensify as the number of participants is expected to increase over the forthcoming years.
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“The advent of photonic integration has provided optical systems manufacturers a platform for the miniaturization of these systems in order to expand their application area as well as reduce the manufacturing costs,” an analysts at TMR states. Photonic ICs assist these manufacturers in integrating optical devices such as modulators, lasers, multiplexers, optical amplifiers and various others into a single package, making the overall system compact. This assimilation also leads to a reduced production cost on these devices, owing to which the application of photonic ICs has increased significantly in the recent times.
At the same time, photonic ICs also find extensive application in a wide range of emerging futuristic applications, which is likely to impel their demand considerably over the next few years.
On the other hand, inadequate digitization across the world is expected to hamper the usability of photonic ICs in the years to come. As of now, photonics is still at the analog stage; however, electronics actually utilize them in the digital format with the help of analog transistors. Since the usage of photonics in digital format allows a higher level of integration of various components into a single unit structure, digitization is crucial for photonic integration for a number of product applications.
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The complex designs of integrated circuits in large-scale photonic integration are also projected to limit the application of these ICs in the forthcoming years.
North America exhibits a high demand for photonic ICs, states TMR. In 2014, the region accounted for a revenue share of 39% in the overall market. Between 2015 and 2022, the demand for photonic ICs in this region is likely to remain high; however, analysts anticipate Asia Pacific to report the fastest growth rate. The opportunity for photonic IC in North America is projected to rise to US$505.8 mn by 2022, whereas Asia Pacific is estimated to register an exponential CAGR of 26.50% during the period from 2015 to 2022.
Optical communication emerged as the leading application area of photonic ICs in 2014 and is expected to remain the key consumer over the coming years. In the meanwhile, photonic ICs with hybrid integration are anticipated to most demanded ICs based on integration. Indium phosphide-based ICs will lead in terms of demand based on raw materials.
The global photonic ICs market is projected to rise from US$0.2 bn in 2014 to US$1.3 bn by 2022, increasing at a remarkable CAGR of 25.30% between 2015 and 2022.
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The photonic IC market has been segmented as follows:
By Integration Type
Monolithic Integration
Hybrid Integration
Module Integration
By Raw Materials
Indium Phosphide
Gallium Arsenide
Lithium Niobate
Silicon
Silicon-on-Insulator
Others (Silica-On-Silicon, Silicon Dioxide (SiO2), Silicon Nitride (Si3Ni4))
By Components
Lasers
Modulators
Detectors
Attenuators
Multiplexers/De-Multiplexers
Optical Amplifiers
By Application
Optical Communication
Fttx and Access Networks
Microwave/RF Photonics
Long-Haul and Transport Networks
Optical Datacom
Sensing
Structural Engineering
Chemical Sensors
Transport and Aerospace
Energy and Utilities
Optical Signal Processing
Optical Metrology
Optical Instrumentation
Quantum Optics
Quantum Computing
Biophotonics
Medical Instrumentation
Photonic Lab-On-A-Chip
Analytics and Diagnostics
Optical Biosensors
By Region
North America
Europe
Asia Pacific
Rest of the World (Latin America, Middle East and Africa)
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Anchor Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Owing to this rivalry, new entrants with niche offerings can expect growth opportunities in the form of mergers, acquisitions, and strategic alliances with the market leaders. Going forward, the competition in the market is likely to intensify as the number of participants is expected to increase over the forthcoming years.
Get Full Report Details @
https://www.transparencymarketresearch.com/photonic-integrated-circuit.html
“The advent of photonic integration has provided optical systems manufacturers a platform for the miniaturization of these systems in order to expand their application area as well as reduce the manufacturing costs,” an analysts at TMR states. Photonic ICs assist these manufacturers in integrating optical devices such as modulators, lasers, multiplexers, optical amplifiers and various others into a single package, making the overall system compact. This assimilation also leads to a reduced production cost on these devices, owing to which the application of photonic ICs has increased significantly in the recent times.
At the same time, photonic ICs also find extensive application in a wide range of emerging futuristic applications, which is likely to impel their demand considerably over the next few years.
On the other hand, inadequate digitization across the world is expected to hamper the usability of photonic ICs in the years to come. As of now, photonics is still at the analog stage; however, electronics actually utilize them in the digital format with the help of analog transistors. Since the usage of photonics in digital format allows a higher level of integration of various components into a single unit structure, digitization is crucial for photonic integration for a number of product applications.
Get Table of Content Of Report @
https://www.transparencymarketresearch.com/report-toc/997
The complex designs of integrated circuits in large-scale photonic integration are also projected to limit the application of these ICs in the forthcoming years.
North America exhibits a high demand for photonic ICs, states TMR. In 2014, the region accounted for a revenue share of 39% in the overall market. Between 2015 and 2022, the demand for photonic ICs in this region is likely to remain high; however, analysts anticipate Asia Pacific to report the fastest growth rate. The opportunity for photonic IC in North America is projected to rise to US$505.8 mn by 2022, whereas Asia Pacific is estimated to register an exponential CAGR of 26.50% during the period from 2015 to 2022.
Optical communication emerged as the leading application area of photonic ICs in 2014 and is expected to remain the key consumer over the coming years. In the meanwhile, photonic ICs with hybrid integration are anticipated to most demanded ICs based on integration. Indium phosphide-based ICs will lead in terms of demand based on raw materials.
The global photonic ICs market is projected to rise from US$0.2 bn in 2014 to US$1.3 bn by 2022, increasing at a remarkable CAGR of 25.30% between 2015 and 2022.
Request Sample Report @
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=997
The photonic IC market has been segmented as follows:
By Integration Type
Monolithic Integration
Hybrid Integration
Module Integration
By Raw Materials
Indium Phosphide
Gallium Arsenide
Lithium Niobate
Silicon
Silicon-on-Insulator
Others (Silica-On-Silicon, Silicon Dioxide (SiO2), Silicon Nitride (Si3Ni4))
By Components
Lasers
Modulators
Detectors
Attenuators
Multiplexers/De-Multiplexers
Optical Amplifiers
By Application
Optical Communication
Fttx and Access Networks
Microwave/RF Photonics
Long-Haul and Transport Networks
Optical Datacom
Sensing
Structural Engineering
Chemical Sensors
Transport and Aerospace
Energy and Utilities
Optical Signal Processing
Optical Metrology
Optical Instrumentation
Quantum Optics
Quantum Computing
Biophotonics
Medical Instrumentation
Photonic Lab-On-A-Chip
Analytics and Diagnostics
Optical Biosensors
By Region
North America
Europe
Asia Pacific
Rest of the World (Latin America, Middle East and Africa)
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Anchor Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com