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Photonic IC Market Observes Tremendous Growth with a High CAGR value of 42.6% during the Forecast period 2020-2027
Photonic IC Market Observes Tremendous Growth with a High CAGR value of 42.6% during the Forecast period 2020-2027
Photonic IC Market

The requirement for a fast rate of data transfer, which standard ICs cannot meet, is the key driver of hybrid PIC adoption in the telecom and data centre businesses. The development of high-speed networks and 5G has been credited with further acceleration. Through the development and extensive deployment of transceivers and passive components, PICs have become a well-known technology in the telecom sector. With the arrival of 5G, the attention has shifted to wireless and radio technologies. Photonics and fibre optics, on the other hand, have proven to be crucial in carrying messages to and from the new generation of base stations.

Furthermore, a high level of innovation is assisting various manufacturers in developing low-cost hybrid Photonic IC hardware to fulfil their needs. Furthermore, a rising number of cloud apps are fast increasing the amount of traffic that data centres must handle (DC). According to the Uptime Institute's Data Center Industry Survey, most DC operators use a mixed strategy. Uptime reported that in 2021, nearly one-third of all workloads would be migrated to cloud, colocation, hosting, and Software-as-a-Service (SaaS) providers, as IT workloads are dispersed across a variety of services and data centres.

 

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