MarketResearchNest.com
adds “Global Photonic IC Market Growth
2019-2024”new report to its research database.
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.
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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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
Splits the market by
region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas, United States, Canada, Mexico, Brazil, APAC,
China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France,
UK, Italy, Russia, Spain, Middle East and Africa, Egypt,South Africa, Israel,
Turkey, GCC 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
In addition, this report discusses the key drivers
influencing market growth, opportunities, the challenges and the risks faced by
key manufacturers and the market as a whole. It also analyzes key emerging
trends and their impact on present and future development.
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Research objectives
·
To study and analyze the global Photonic IC
consumption (value and volume) by key regions/countries, product type and
application, history data from 2014 to 2018, and forecast to 2024.
·
To understand the structure of Photonic IC
market by identifying its various subsegments.
·
Focuses on the key global Photonic IC
manufacturers, to define, describe and analyze the sales volume, value, market
share, market competition landscape, SWOT analysis and development plans in
next few years.
·
To analyze the Photonic IC with respect to
individual growth trends, future prospects, and their contribution to the total
market.
·
To share detailed information about the key factors
influencing the growth of the market (growth potential, opportunities, drivers,
industry-specific challenges and risks).
·
To project the consumption of Photonic IC
submarkets, with respect to key regions (along with their respective key
countries).
·
To analyze competitive developments such as
expansions, agreements, new product launches, and acquisitions in the market.
·
To strategically profile the key players and
comprehensively analyze their growth strategies.
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