Summary:

A new study title “Photonic Integrated Circuit market size, status and forecast 2027” has been featured on market research future.

Market Overview:
The Global Photonic Integrated Circuit Market was valued at USD 385.5 million in 2017 and is expected to reach USD 1,492.4 million by the end of the forecast period with a CAGR of 25.9%.
A circuit consists of photonic sensors and electronic components which use lights/photons to operate and perform operations is a Photonic Integrated Circuit which is similar to an integrated electronic circuit. These PIC circuits use high-speed photons as data carriers over low-speed electrons. Due to this facility, the PIC included devices can transfer large amounts of data with high speed and efficiency which makes it a favorable technology among the users. PIC circuits are seen in various applications like Calorimetry, Lidars, Nanoelectronics, and silicon-based technologies.
During the functioning of a PIC, the signals are processed by integrating visible and infrared wavelengths ranging from 800nm to 1700nm. In the conversion of the light signals into electric form, the photonic sensors played a major role in the PIC. The benefits behind the PIC are high power optimization, low heat dissipation, compact system size, minimal cost, reliability, and high level of component integration are increasing the market growth. Photonics ICs can be used generally in the sectors of defense, healthcare, optical fiber communications, quantum integration, quantum simulation, and quantum metrology. According to the report of the UN specialized agency for ICTs, “ICT Data and Statistics Division”, nearly 48% of the world population use the internet and the usage is growing rapidly at a remarkable rate.

Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7480

Key Players:
The key players in the photonic integrated circuit market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are — Agilent Technologies, Inc. (US), Aifotec AG (Germany), Alcatel-Lucent SA (France), Broadcom Inc. (US), Ciena Corporation (US), CyOptics Inc. (US), EMCORE Corporation (US), Enablence Technologies Inc. (Canada), Finisar Corporation (US), Hewlett-Packard Company (US), Infinera Corporation (US), Intel Corporation (US), JDS Uniphase Corporation (US), Kaiam Corporation (US), and Mellanox Technologies Ltd (US). These players contribute a major share in the photonic integrated circuit market.
Apart from the top key players, the other players contribute nearly 30–35 % in the photonic integrated circuit market. These include Luxtera Inc. (US), NeoPhotonics Corp (US), Oclaro Inc (US), OneChip Photonics Inc. (US), TE Connectivity (Switzerland) and others.

Segments:
The global photonic integrated circuit market has been divided into segments based on integration type, application, component, and region.
Based on Type
Based on integration type, the photonic integrated circuit market segments into three types as hybrid, monolithic, and module.
Based on component
The photonic integrated circuit market industry based on components is classified into lasers, modulators, photodetectors, attenuators, and optical amplifiers. Among them, the laser segment dominates the photonic integrated circuit market share due to its wide usage in applications like telecommunication and data centers. Lasers provide enhanced optical power, spectral purity, and temperature range.
Based on application
The photonic integrated circuit market companies based on application are bifurcated into optical fiber communication, optical fiber sensor, biomedical, quantum computing, and others. The optical fiber communication segment holds the largest market share for its efficiency in handling increasing data traffic, high bandwidth, and low signal attenuation.
Based on Region
Photonic integrated circuit market based on region sub-segmented into four main regions like North America, Europe, Asia-Pacific, and rest of the world. Among all these, North America dominates the market because of the high number of developments in integrated circuits and sensors.

Regional Analysis:
The market for photonic integrated circuit is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of photonic integrated circuit market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America).
North America is expected to dominate the global photonic integrated circuit market owing to wide presence of network service providers and data centers. The region has largely adopted fiber optic communication over other communication medium thereby, attributing to the growth of photonic integrated circuit market. Also, the companies operating in North American region are heavily investing in research to miniaturize the size of integrated circuits by integrating electronic and optical components over a single chip. The market in European region is estimated to hold the second largest share of photonic integrated circuit market. However, the region of Asia-Pacific is expected to witness the fastest growth during the forecast period owing to developments in bio-photonics and similar technologies in China, Japan, and India. Moreover, proliferation of data centres and access networks in China and India is boosting the growth of photonic integrated circuit market in Asia-Pacific region.

Get Complete Report @ https://www.marketresearchfuture.com/reports/photonic-integrated-ci...

About Us:
Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
We at MRFR provide syndicated and customized reports to clients as per their liking. Our consulting services are aimed at eliminating business risks and driving the bottomline margins of our clients. The hands-on experience of analysts and capability of performing astute research through interviews, surveys, and polls are a statement of our prowess. We constantly monitor the market for any fluctuations and update our reports on a regular basis.

Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: [email protected]