Photonic Integrated Circuits (PIC) Market

Global Photonic Integrated Circuits (PIC) Market by Integration Types, Raw Materials, Components, Applications and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026 Report By

The global photonic integrated circuits (PIC) market is expected to expand at a substantial CAGR during the forecast period, 2020–2026. Photonic integrated circuits (PIC) is an integrated circuit that utilizes photons for the transfer of information signals in the visible or near infrared spectrum of light and though it is similar to electronic integrated circuits the PICs use of optical wavelengths gives it the added benefits of greater speed, enhanced functionalities and higher integration. Photonic integrated circuits (PIC) are made from materials such as Indium Phosphide (InP), Gallium Arsenide (GaAS) and Lithium Niobate (LiNbO3). Photonic integrated circuits (PIC) find their use in transmitters, receivers, tunable lasers, modulated lasers, and waveguides.

PICs are being used extensively in sensing, optical communications, optical signal processing and biophotonics and may witness adoption in the novel and innovative industry applications in coming years. They have been in use in diverse industry verticals including telecommunication networks, internet connections, data transmission, and high-speed computing.

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Market Trends, Drivers, Restraints, and Opportunities: ● Photonic integrated circuits (PIC) have been the rational replacement for electronics in numerous systems and devices that need optimum performance and miniaturization and this is considered to drive the global photonic integrated circuits (PIC) market during the forecast period. ● Embedded computing capabilities, high level of integrated functionalities, low weight, power efficiency and hyper-scale performance are expected to boost the growth of the global photonic integrated circuits (PIC) market during the forecast period. ● Lack of processing and fabrication standards and lack of digitalization in some emerging and underdeveloped countries across the globe are the restraints and this will hamper the growth of the global photonic integrated circuits (PIC) market during the forecast period. ● Increasing data volumes has led rising demand for data centres and it is expected to create multiple business opportunities for major manufacturers and this, in turn will boost the global photonic integrated circuits (PIC) market during the forecast period.

Enquiry Before Buying@ https://dataintelo.com/enquiry-before-buying/?reportId=46142 Competitive Landscape: The world leading players in the global photonic integrated circuits (PIC) market include NeoPhotonics Corporation, Viavi Solutions, Inc., and Broadcom Limited. Other key vendors include Ciena Corporation, Emcore Corporation, Finisar Corporation, Infinera Corp., Kaiam Corp, Luxtera Inc., and Oclaro, Inc. To gain a competitive advantage over other players and enhance the technological capability, the key players are getting into partnerships and strategic merger & acquisition. New product development is also an extensively adopted strategy by key industry players to gain a significant share. The key players in the PIC have also been focusing towards R&D activities for new product developments and expansion of the existing product line. In 2015, NeoPhotonics Corporation invested USD 44.5 million towards R&D to improve the existing product line and introduce new products. The company has also been focusing on merger & acquisition in the past few years in order to expand its product offering. In March 2016, Finisar introduced the 25G Ethernet optics that are being used for high-speed data centres. This helped the company to expand its product portfolio in the optical technology sector.

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