Key Trends as a Decision Maker You Absolutely Need to Know about the “Photonic Integrated Circuit (PIC)” Market
The global market for Photonic Integrated Circuit (PIC) is projected to reach US$3.1 billion by 2025, driven by the growing interest in the ability to exploit the properties of light to transmit information at speeds millions of times faster than either copper or laser, especially against the backdrop of the insatiable need for bandwidth and communication speeds.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Photonic Integrated Circuit (PIC) market.Report segmentation include Technique (Hybrid Integration, Monolithic Integration, Module Integration); Raw Material [Indium Phosphide (InP), Silicon-on-Insulator (SOI), Gallium Arsenide (GaAs), Silicon (Si), Other Raw Materials]; Application (Optical Communications, Optical Signal Processing, Other Applications).
10 June 10:09 A.M., California/Marketwire/ - According to the new market research report, the global market for Photonic Integrated Circuit (PIC) is projected to reach US$3.1 billion by 2025, driven by the growing interest in the ability to exploit the properties of light to transmit information at speeds millions of times faster than either copper or laser, especially against the backdrop of the insatiable need for bandwidth and communication speeds. The market will be reset to a new normal which going forwards in a post COVID-19 crisis era will be continuously redefined and redesigned.
Offering much improved performance over electronic ICs, PIC integrates multiple photonic functions and hence is more suitable for exascale processing. PICs have higher bandwidth; higher levels of immunity to electromagnetic interference; and are compatible with current CMOS fabrication technologies. The anticipated opportunity for optical communication technologies potentially bodes well for the future growth of PIC market. Optical communication, also known as optical telecommunication, is poised for robust expansion driven by factors such as demand for faster internet broadband speeds, and ubiquity of data communications networks. Projected rise in bandwidth intensive applications such as provision of high speed internet (HSI) and triple play bundled services that include voice, data, and video streaming would be instrumental in future growth of the PIC market. The industry shift from Passive Optical Networks (PON) to Active Optical Network (AON) is likely to continue in the coming years, while scaling up the use case for PICs in enabling dynamic scaling of network infrastructures in response to fluctuating data traffic.
Key Competitors Covered in the Report
Enablence Technologies, Inc.
Huawei Technologies Co. Ltd.
Lumentum Operations LLC
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia, Rest of Europe)
Asia-Pacific (India, South Korea, Taiwan, Rest of Asia-Pacific)
Latin America (Brazil, Mexico, Rest of Latin America)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 4997. Among this pool, 899 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 152 unique participations, a total of 68 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
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Global Industry Analysts, Inc.