Photonic Integrated Circuit Market at a Highest CAGR of 27.10% by Top Competitors NeoPhotonics Corporation, Infinera Corporation., Lumentum Operations LLC, Intel Corporation, ColorChip, Finisar Corporation, Huawei Technologies Co., Ltd. and Others

Photonic Integrated Circuit Market

Global Photonic Integrated Circuit Market is to register a healthy CAGR of 27.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to reduced energy consumption, increased operational speed and increased applications in various end user industries.

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Key Developments in the Market

  • In March 2019, MACOM Technology Solutions Inc. and GlobalFoundries (GF) have entered into a strategic and affirmative partnership in order to ramp the production of MACOM’s laser photonic integrated circuits (LPICs) by efficiently utilizing GF’s expertise in silicon photonics. This strategic alliance would aim to increase the application of LPICs in massive data centers and 5G networks.
  • In February 2019, Optoscribe has entered into a strategic alliance with Sumitomo Electric Industries. The aim of this alliance is to provide multicore fiber (MCF) components that can have its extensive applications in data centers and telecom industries that would integrate Optoscribe’s PIC that embeds waveguides and has a high precision micromachining. This PIC would deem fit for Sumitomo Electric Industries to increase their MCF’s application across data communication and telecom industries.

Market Drivers:

  • Rising demand for PIC’s due to their ability to carry huge amounts of data at a high speed, as compared to other electrical integrated circuits
  • Rising need for better communication and computation need drives the growth of this market
  • The booming growth of 3D sensing applications, LiDar applications and automotive lighting boosts the growth of this market
  • Technological advancements and extensive use of cloud applications, 5G and IoT accelerates the growth of this market

Global Photonic Integrated Circuit Market Major Market Competitors:

Few of the major competitors currently working in the global photonic integrated circuit market are:-

  • NeoPhotonics Corporation,
  • Infinera Corporation.,
  • Lumentum Operations LLC,
  • Intel Corporation,
  • ColorChip,
  • Finisar Corporation,
  • Huawei Technologies Co., Ltd.,
  • Luxtera,
  • VLC Photonics S.L.,
  • TE Connectivity,
  • Hewlett Packard Enterprise Development LP,
  • LioniX International,
  • NOKIA,
  • Aifotec Design & Development by Tatjana Glasauer,
  • Hamamatsu Photonics K.K. amongst others.

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Global photonic integrated circuit market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of photonic integrated circuit market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Table of Contents

  1. Introduction
  2. Market Segmentation
  3. Market Overview
  4. Executive Summary
  5. Premium Insights
  6. Global, By Component
  7. Product Type
  8. Delivery
  9. Industry Type
  10. Geography

10.1. Overview

10.2. North America

10.3. Europe

10.4. Asia-Pacific

10.5. South America

10.6. Middle East & Africa

  1. Company Landscape
  2. Company Profiles
  3. Related Reports

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Photonic integrated circuit (PIC) is an integration of several optical components, and is also called integrated optoelectronic devices.  They are used to transfer huge data at a very high speed and are widely used in optical fiber communications. They use protons for carrying data as they are more reliable and can carry more data in comparison to electrical ICs. They have a diversified and wide range of end under applications in various industries including aerospace, industrial, telecommunication, optics, and energy amongst a few.

Global Photonic Integrated Circuit Market Segmentation:

By Component

  • Laser (Optical Laser)
  • Modulator
  • Detector
  • Transceivers
  • Attenuators
  • Multiplexer/Demultiplexer (MUX/DEMUX)
  • Optical Amplifiers

By Raw Material

  • III-V Material
  • Lithium Niobate
  • Indium Phosphide
  • Silica-on-Silicon
  • Gallium Arsenide
  • Silicon
  • Quantum Dots
  • Silicon-on-Insulator
  • Others
    • Graphene
    • Silicon Dioxide
    • Silicon Nitride

By Integration

  • Hybrid
  • Monolithic
  • Module

By Application

  • Optical Communications
    • FTTX and Access Networks
    • Microwave/RF Photonics
    • Long-Haul &Transport Networks
    • Optical Datacom
  • Sensing
    • Structural Engineering
    • Chemical Sensors
    • Transport & Aerospace
    • Energy & Utilities
  • Optical Signal Processing
    • Optical Metrology
    • Optical Instrumentation
    • Quantum Optics
    • Quantum Computing
  • Biophotonics
    • Medical Instrumentation
    • Photonic Lab-On-A-Chip
    • Analytics & Diagnostics
    • Optical Biosensors

By End-Users

  • Telecommunications
  • Biomedical
  • Data Centers
  • Others
    • Optical Sensors (LiDAR)
    • Metrology
    • Others

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Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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