Market Snapshot:
Photonic Integrated circuits (PIC) could be a breakthrough technology because it uses photons (smallest unit of light) because the knowledge carrier rather than electrons (smallest unit of electricity) utilized in electronic ICs. As lightweight travels at very high speeds, PIC technology is wide accustomed transfer immense amounts of knowledge at a really high speed. therefore, the PIC-based product is primarily deployed within the field of optical fiber communications.
Highlights from Photonic ICS Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
CAGR | 19.8% |
The key Manufacturers profiled in the report are Agilent Technologies (United States), Broadcom (United States), Ciena Corporation (United States), Enablence (Canada), II-VI Inc. (United States), Hewlett Packard (United States), Huawei Technologies Co., Ltd. (China), Infinera Corporation (United States), Intel Corporation (United States), Broadex Technologies Co., Ltd. (China) and Cisco Systems, Inc. (United States). Additionally, other players that are part of this comprehensive study are MACOM (United States), Mellanox Technologies (United States), NeoPhotonics Corporation (United States) and Oclaro, Inc. (United States).
Geographic Breakdown and Segment Analysis
The Global Photonic ICS market presents a comprehensive analysis of the Photonic ICS market by end-user/application (Telecommunications, Biomedical and Datacenters), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Photonic ICS industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Photonic ICS market
Analyst at AMA have segmented the market study of Global Photonic ICS market by Type, Application and Region.
Photonic ICS Market Dynamics:
Attributes | Details |
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Growth Drivers | - Rising Demand from Data Centres for Low-Cost Photonic Hardware Manufactured Through a Hybrid or Monolithic Process
- Rising Digitization of Companies Through Cloud Computing causing Surge in PIC Demands
- Increasing Consumer Demand for High-Speed Communication
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Influencing Trends | - Product Development for the Internet of Things (IoT), Cloud, Streaming Video, 5G in Regular Consumer and Commercial Usage
- Increasing demand for communication systems for the Internet. The growth is driven mainly by increasing video traffic in the Internet network.
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Restraints | - Designing And Modelling of The Photonic ICS with Standardization Issues
- High assembly costs are hampering the market
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Gaps & Opportunities | - Rising Popularity of OTT Platform and Demand for the Servers
- Increasing penetration of Consumer Electronics
- Advanced developments and innovations in the photonics and fiber optics field accelerate
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In 2018, Huawei Technologies Co., Ltd. Launched a 5G solution-ready commercial 7-nm chipset i.e. Kirin 980 Germany. The chip is among the most powerful smartphone SoCs (Systems-on-a-Chip) with artificial intelligence (AI) capabilities and is meant to be used in consumer electronics for powerful performances.
The global market for Photonic ICS is fragmented by key players owing to rising demand for the efficient and highly responsive servers and data centers for faster communication and information handling of the digitized market. The players should on different innovative ways to manufacture the Photonic ICS for the rising consumer electronics market and product development for interoperative integration with cutting edge technology.
Key Target Audience
Photonic ICS manufacturer, Distributor/Provider, Raw Material Manufacturers, Research Institutes, End-User Industry and Others