Electronics & Semiconductor / Global Photonics Integrated Circuit (IC) Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players
Global Photonics Integrated Circuit (IC) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players
Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Photonics Integrated Circuit (IC) Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of around 20% during the review period (2022 to 2027).
Photonics Integrated Circuit (IC) Market Overview
A photonic integrated circuit, which is comparable to an integrated electronic circuit, is made up of photonic sensors and electronic components that operate and carry out operations using lights or photons. High-speed photons rather than slow electrons are used as data carriers in these PIC circuits. This capability allows the PIC-included devices to transfer enormous amounts of data quickly and effectively, which is why users like this technology. PIC circuits are used in many different applications, including silicon-based technologies, nanoelectronics, calorimetry, and lidars.
Optical communication has long dominated the photonic IC market and is expected to expand quickly in the next years. The sector has seen a significant rise in data traffic during the previous few years. Data transmission can be replaced with efficient and affordable optical communication based on photonic integrated circuits (ICs). Additionally, it is projected that demand for optical communications photonic IC market will rise due to its effectiveness in managing the growing data traffic. Additionally, it is anticipated that demand would increase due to optical communication systems' high bandwidth and minimal signal attenuation.
The report aspects discussed the profile of the top Manufacturers of the global Photonics Integrated Circuit (IC) Market. These aspects include financial Status of major companies, trending advancements and entire market scenario. Growth of the report have examined Photonics Integrated Circuit (IC) Market production, demand and growth Potential, geographic analysis, as well as current market developments in Various regions and countries.
Who are the Major Players in Photonics Integrated Circuit (IC) Market?
The Photonics Integrated Circuit (IC) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Hewlett-Packard Company, Broadcom, Ciena Corporation, IBM, NeoPhotonics Corporation, Hamamatsu Photonics K.K., Innolume GmbH, Viavi Solutions, Infinera, 3S Photonics S.A.S,
Industry News:
Broadcom Announces Availability of World’s First Wi-Fi 7 Ecosystem Solutions
April 12, 2022
Broadcom Inc. (NASDAQ: AVGO) today announced sample availability of its complete end-to-end chipset solutions for the Wi-Fi 7 ecosystem, spanning Wi-Fi routers, residential gateways, enterprise access points, and client devices. These Wi-Fi 7 chips more than double the speed of Wi-Fi 6 and 6E solutions on the market today, while simultaneously delivering reliable low-latency communications and extended range.
What are the major Applications, Types and Regions for Photonics Integrated Circuit (IC) Market?
Photonics Integrated Circuit (IC) Market is segmented based on the type, applications, companies and regions.
North America has the largest market for PIC based products, especially in data centers and WAN applications of optical fiber communications. However, APAC is the largest player in the access network application of optical fiber communications right now. North America is the leader in a PIC market with 49% market share however it is estimated that APAC will emerge as the market leader by 2022 growing at a CAGR of 35.9% from 2012 to 2022.
All these factors greatly affect the Photonics Integrated Circuit (IC) Market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Photonics Integrated Circuit (IC) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Graphene-enhanced Composites Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Photonics Integrated Circuit (IC) Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2028 CAGR
CAGR of 20% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Photonics Integrated Circuit (IC) Market Report
Evaluate Photonics Integrated Circuit (IC) Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Photonics Integrated Circuit (IC) Market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Photonics Integrated Circuit (IC) Market is studied from 2017 - 2027.
What is the growth rate of Photonics Integrated Circuit (IC) Market?
The Photonics Integrated Circuit (IC) Market is growing at a CAGR of 20% over the next 5 years.
Who are the key players in Photonics Integrated Circuit (IC) Market?
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
