· 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.
· The wide-ranging Data Bridge market report covers an array of aspects of the market analysis which today’s businesses call for. This market document also defines a chapter on the global market and allied companies with their profiles, which provides important data pertaining to their insights in terms of finances, product portfolios, investment plans, and marketing and business strategies. This market research report is generated with a nice blend of industry insight, talent solutions, practical solutions and use of technology to advance user experience. An outstanding Data Bridge market report puts light on many aspects related to Semiconductors and Electronics industry and market.
Market Insights and Scope
Ø 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.
Ø Additionally, the credible Photonic Integrated Circuit Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Semiconductors and Electronics industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
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.
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Market Country Level Analysis
The countries covered in the photonic integrated circuit market report are
ü 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).
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Industry Share Analysis
The major players covered in the photonic integrated circuit market report are
ü 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.
ü An influential Photonic Integrated Circuit Market research report displays an absolute outline of the market that considers various aspects such as product definition, customary vendor landscape, and market segmentation. Currently, businesses are relying on the diverse segments covered in the market research report to a great extent which gives them better insights to drive the business on the right track. The competitive analysis brings into light a clear insight about the market share analysis and actions of the key industry players. With this info, businesses can successfully make decisions about business strategies to accomplish maximum return on investment (ROI).
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