Albany, NY, Nov. 19, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Photonic IC Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022," the photonic ic market was valued at US$0.19 bn in 2013, and is expected to reach US$1.3 bn by 2022, expanding at a CAGR of 25.3% from 2015 to 2022.
Browse Market Research Report with ToC & Free Analysis:
http://www.transparencymarketresearch.com/pho...rcuit.html
Cost and size reduction achieved by integrating different optical components, including detectors, modulators, and lasers, into a single distinct package is the major factor driving the photonic IC market. In addition, benefits offered in terms of efficiency, transfer speed, transmission capacity, and power consumption have ensured market penetration into varied end-use verticals such as metrology, aerospace and defense, healthcare, telecommunication, industrial, and data communication. Lack of digitization, coupled with design and packaging challenges related with the photonic integration, have inhibited the swift growth of photonic ICs. Commercialization of quantum computing (expected by 2018) is predicted to offer tremendous growth opportunities for the photonic IC market.
Get Sample Report Copy:
http://www.transparencymarketresearch.com/sam...rep_id=997
Three integration techniques deployed in photonic ICs include hybrid integration, monolithic integration, and module integration. Hybrid integration was the major integration technique used for photonic integration, accounting for 56.8% of the global market revenue in 2013. Although it is expected to remain the major integration technique over the forecast period, monolithic integration is expected to exhibit the maximum growth, growing at a CAGR of 26.5% during 2015-2022. On the other hand, the module integration technique is expected to witness a fall in the revenues owing to its inferior integration capabilities as compared to hybrid and monolithic integration techniques.
Indium phosphide and Silicon-on-Insulator collectively accounted for over half (60.9%) of the global market revenue in 2013. The dominance of indium phosphide is majorly on account of its ability to integrate opto-electronic functions into an optical system chip monolithically. In addition, the benefits offered in terms of size, speed, energy efficiency, and cost of fabrication and packaging have further ensured its dominance. Among different PIC components, lasers accounted for the majority of revenue share (29.3%) in the global photonic IC market in 2013. Optical amplifiers, which help in realizing high-level photonic integration by compensating for optical losses from individual photonic elements is expected to exhibit maximum growth, expanding at a CAGR of 26.6% over the forecast period from 2015 to 2022.
Browse Press Release:
http://www.transparencymarketresearch.com/pre...ircuit.htm
Optical communications was the largest application segment in the photonic IC market, accounting for over half (58.6%) of the market revenue. It is expected to remain the largest application segment over the forecast period as a result of increasing demand from data center applications. Currently, sensing and biophotonics are the other major application segments, collectively accounting for around one-third (35.5%) of the global photonic IC market revenue. Although the current contribution from optical signal processing segment is the least, it is expected to witness healthy growth post commercialization of quantum computing.
North America was the largest photonic IC market 2013, followed by Europe and Asia Pacific. Although North America is expected to remain the largest photonic IC market by 2022, Asia Pacific is expected to witness healthy growth, outpacing North America and Europe. The growth in Asia Pacific can be majorly attributed to growing demand from data center and biophotonics applications. The global photonic IC market is highly fragmented and is characterized by the presence of large number of players. Some of the leading players in the market include Infinera Corporation (the U.S.), Alcatel-Lucent S.A. (France), Huawei Technologies Co. Ltd (China), JDS Uniphase Corporation (the U.S.), Avago Technologies Ltd. (Singapore), Intel Corporation (the U.S.), and NeoPhotonics Corporation (the U.S.).
The report studies the global PIC market, and provides estimates in terms of revenue (US$ Mn) from 2015 to 2022. Market estimates on the basis of integration type, raw materials, components, and application have also been provided for each region. The market has been segmented as follows:
Photonic IC Market, By Integration Type
- Monolithic Integration
- Hybrid Integration
- Module Integration
Photonic IC Market, By Raw Materials
- Indium Phosphide
- Gallium Arsenide
- Lithium Niobate
- Silicon
- Silicon-on-Insulator
- Others (Silica-On-Silicon, Silicon Dioxide (SiO2), Silicon Nitride (Si3Ni4))
Photonic IC Market, By Components
- Lasers
- Modulators
- Detectors
- Attenuators
- Multiplexers/De-Multiplexers
- Optical Amplifiers
Photonic IC Market, By Application
Optical Communication
- Fttx and Access Networks
- Microwave/RF Photonics
- Long-Haul and Transport Networks
- Optical Datacom
Sensing
- Structural Engineering
- Chemical Sensors
- Transport and Aerospace
- Energy and Utilities
Optical Signal Processing
- Optical Metrology
- Optical Instrumentation
- Quantum Optics
- Quantum Computing
Biophotonics
- Medical Instrumentation
- Photonic Lab-On-A-Chip
- Analytics and Diagnostics
- Optical Biosensors
Photonic IC Market, By Geography:
- North America
- Europe
- Asia Pacific
- Rest of the World (Latin America, Middle East and Africa)
Other Reports Published By Transparency Market Research:
Photonics Market
http://www.transparencymarketresearch.com/pho...arket.html
Biophotonics Market
http://www.transparencymarketresearch.com/bio...arket.html
Power Management IC Market
http://www.transparencymarketresearch.com/pow...arket.html
Nanosensors Market
http://www.transparencymarketresearch.com/nan...arket.html
Browse All Other Semiconductor & Electronics Market Research Reports:
http://www.transparencymarketresearch.com/sem...rts-5.html
About Us
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Transparency Market Research Mr. Atil Chaudhari 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: atil@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/
