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(IT-NEWSWIRE.COM, April 02, 2019 ) A photonic integrated circuit (PIC) or integrated optical circuit is a device that integrates multiple (at least two) photonic functions and as such is similar to an electronic integrated circuit. The major difference between the two is that a photonic integrated circuit provides functions for information signals imposed on optical wavelengths typically in the visible spectrum or near infrared 850 nm-1650 nm.
On the one hand, today photonic integration is emerging as a new standard for providing cost effective and high-performance miniaturized and optical systems for a wide range of applications. The use of photonic integrated circuits (PICs) enables system designers and manufacturers to unite various optical devices such as modulators, optical amplifiers, lasers, and multiplexers into a single package, thereby making the overall system compact and reduce its cost. As cost is a supremely important factor for both manufacturers and end users, this demand for photonic integrated circuits is expected to see a heightened rise over the coming years.
On the other hand, chip manufacturers all over the world are striving to enhance power efficiency by reducing power consumption and to achieve this, the use of PICs in the circuitry. PICs are increasingly being preferred over optical fiber communication systems. Owing to their benefits such as low power consumption, superior flexibility, and low latency, the application areas of photonic integrated circuits are expected to increase in the future. Request Sample Report @ https://www.orbisresearch.com/contacts/request-sample/2746280
The photonic integrated circuits market is still in its nascent stage and thus, with growing prospects in the future, the number of players in the market is likely to increase and this will result in a high level of threat from new entrants in the coming years.
According to this study, over the next five years the Photonic IC market will register a 23.8% CAGR in terms of revenue, the global market size will reach US$ 1800 million by 2024, from US$ 500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Photonic IC business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Photonic IC market by product type, application, key manufacturers and key regions and countries.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3. Infinera Alcatel-Lucent Avago NeoPhotonics HUAWEI Cisco Ciena Intel Oclaro JDS Uniphase Finisar Luxtera Mellanox OneChip
This study considers the Photonic IC value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7. Monolithic Integration Hybrid Integration Module Integration
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8. Optical Communication Sensing Biophotonics Others.
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Table of Contents: 1 Scope of the Report 2 Executive Summary 3 Global Photonic IC by Players 4 Photonic IC by Regions 5 Americas 6 APAC 7 Europe 8 Middle East & Africa 9 Market Drivers, Challenges and Trends 10 Marketing, Distributors and Customer …Continued
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