Photonic Integrated Circuit Market Worth USD 31.3% Million By 2023

(IT-NEWSWIRE.COM, April 28, 2018 ) According to Publisher, the Global Photonic Integrated Circuit (IC) market is estimated at $ 480.99 million in 2016 and is expected to reach $ 3227.31 million by 2023 growing at a CAGR of 31.3% from 2016 to 2023. Increase in level of integration and decrease in size of the devices are the key factors fueling the market growth. Low level of digitalization is major restraining factor for the market. Demand for Photonic technology is major opportunity for the market.

By Application, Optical Communications segment is projected to dominate the market due to their cost-effectives and using them as an alternative to data transmission. Increase in demand for PICs in multiplexers and DE multiplexers, lasers, modulators, and optical amplifiers are expected to drive the market.

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North America acquires the largest market in PIC market, due to application of optical fiber communications especially in data centers and WAN. However, APAC is the largest player in the access network application of optical fiber communications right now.

Some of the key players in Photonic Integrated Circuit (IC) market include Emcore Corporation, Ciena Corporation, Avago Technologies, Intel Corporation, Cyoptics, Aifotec Ag, Enablence Technologies, Agilent Technologies, Infinera Corporation, Hewlett-Packard, Finisar Corporation , Kaiam Corporation, Jds Uniphase Corporation, Alcatel-Lucent, Oclaro, Neophotonics Corporation, Luxtera, Te Connectivity, Onechip Photonics and Kotura.

Raw Materials Covered:
- Silicon-On-Insulator
- Galium Arsenide
- Lithium Niobate
- Indium Phosphide
- Silica-On-Silicon
- Other Raw Materials

Components Covered:
- Attenuators
- Modulators
- Lasers
- Optical Amplifiers
- Detectors
- Photo Detectors

Applications Covered:
- Optical Fiber Sensor
- Biophotonics
- Optical Signal Processing
- Biomedical
- Optical Communications
- Optical Fiber Communications
- Other Applications

Types of Integration Covered:
- Module Integration
- Monolithic Integration
- Hybrid Integration

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Table of Contents

1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Photonic Integrated Circuit (IC) Market, By Raw Materials
6 Global Photonic Integrated Circuit (IC) Market, By Components
7 Global Photonic Integrated Circuit (IC) Market, By Application
8 Global Photonic Integrated Circuit (IC) Market, By Type of Integration

9 Global Photonic Integrated Circuit (IC) Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

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Photonic Integrated Circuit Market Worth USD 31.3% Million By 2023