Global Photonic Integrated Circuit Market (PIC Market Size) Size is estimated to expand rapidly in coming years, at a CAGR of 12.2 % from 2018 to 2025. In 2017, the global market valuation was USD 0.4 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. PIC is an embedded device that uses photons in the clear or close ultraviolet color range to pass data waves. Although analogous to digital embedded systems, the use of optical frequencies by PICs provides it the extra advantages of higher velocity, improved functionality, and increased inclusion. Photonic ICs attribute their origins to the need for high-speed information transmitters to be developed and deployed to which traditional copper-based transmitters and electronic ICs fall.

Defined by exceptional characteristics such as tiny volume, low power usage, greater effectiveness, and scalable features, PICs have been the reasonable substitute for computers in countless systems and equipment requiring peak performance and technology. These ICs ' exceptional characteristics have resulted in their inclusion into mobile phones, laptops, and other mobile devices and peripherals that are expected to boost their acceptance in the consumer electronics sector. In the foreseeable future, embedded computing capacities, elevated amount of embedded functionality, small weight, energy effectiveness, and hyper-scale performance are anticipated to boost the requirement for photonic ICs. Geographically, North America is holding the largest share in the global market of photogenic ICs.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global photonic integrated circuit market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global photonic integrated circuit market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Component Insights: On the basis of component, global photonic integrated circuit market has been segmented into lasers, MUX/DEMUX, optical amplifiers, modulators, attenuators, and detectors. Due to its extensive use in drilling, welding, slicing, drawing, and engraving, the laser element section retained the biggest hold in the photonic integrated circuit industry. The second-largest stake was retained by the MUX / DEMUX element section. With optical amplifiers guiding the way in the greatest development, the comprehensive use of fiber optics in communication is anticipated to increase PIC's percentage in the coming years.

By Integration Insights: On the basis of integration, global photonic integrated circuit market has been segmented into monolithic, hybrid, and module. Of these, the form of monolithic integration was dominant because it provides considerably decreased volume, weight, and energy. The surviving stake is accounted for by the kinds of hybrid and module inclusion.

By Application Insights: On the basis of application, the global photonic integrated circuit market has been segmented into optical communication, sensing, biophotonics, and optical signal processing. Optical interaction dominated the applications-based segmented PIC sector. Over the past few years, there has been a tremendous rise in information flow that the traditional electronic media relying on copper continue to perform. PIC-led optical communication is an economical and effective solution to data transmission that is expected to foster the development of the sector in the years to come.

Regional Analysis

The photonic integrated circuit market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The region of North America holds the world's biggest proportion of the market. A growing acceptance of PICs and the need to modernize current facilities in electronics and detecting apps are pushing the business development of the area. The Asia-Pacific area is forecast to show powerful development as the area is experiencing a significant boost in information centers, long-haul shipping and power, and utility industries. Due to the increased supply from the emerging IT sector in markets such as China and India in the region, it is expected to acquire a significant market share over the projected era.

Europe is anticipated to dominate the global photonic integrated circuit market over the projected period majorly owing to high consumer awareness, better technological connectivity and ease of raw material and highly cost-effective business strategies. The photonic IC market in Europe dominated the sector because of its existence in the area and its inclination to embrace advanced technology. In addition to the increasing use of parts in detecting and electronics apps, the need to upgrade current facilities drives the development of the sector.

Global Photonic Integrated Circuit Market Size, Share Analysis by Region 2017

Global Photonic Integrated Circuit Market Study Objective

1. To forecast the market size of photonic integrated circuit market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of photonic integrated circuit market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of photonic integrated circuit market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of photonic integrated circuit market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the photonic integrated circuit market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

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 are some of the key players in the market of photonic integrated circuit.

Global Photonic Integrated Circuit Market Study Report Offer You!

The global photonic integrated circuit market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.