Photonic Integrated Circuits (PIC) Market to amass huge returns at USD 2,266.5 Mn by 2026

With the presence of a large pool of participants, the global photonic integrated circuits (PIC) market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR).

This review is based on a report by Zion Market Research, titled “Photonic Integrated Circuits (PIC) Market –By Integration Type (Monolithic Integration, Module Integration, and Hybrid Integration), By Raw Material (Indium Phosphide, Lithium Niobate, Gallium Arsenide, Silicon-on-Insulator, and Others), By Component (Lasers, Optical Amplifiers, Modulators, Multiplexers/De-Multiplexers, Attenuators, and Detectors), and By Application (Optical Communication, Biophotonics, Optical Signal Processing, and Sensing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026." report at https://www.zionmarketresearch.com/report/photonic-integrated-circuits-market

A photonic integrated circuit is equipment that combines nearly two photonic functions and coincides with an electronic integrated circuit. Moreover, the photonic integrated circuit makes use of protons as data carriers. The amalgamation of various functions is done on a solitary chip with the integrated indium phosphide-based PIC at a reduced cost. These photonic integrated circuits find myriad applications in the optical sensors industry.

Furthermore, the massive installing of fiber optic telecommunications networks is anticipated to generate new growth avenues for the Photonic Integrated Circuits (PIC) market over the years to come. The photonics technology has witnessed a paradigm shift and it finds myriad applications in healthcare, telecommunications, and food & beverages. Furthermore, careful or strong cost management techniques adopted by the top industry players in the times of both strong economic times and economic crises will favorably influence both the revenue of the industry players as well as the market earnings.

Indium Phosphide-based PICs to contribute notably towards the market share by 2026

The photonic integrated circuits (PIC) market dynamics are predicted to be influenced due to the massive demand for indium phosphide in data transmission, laser signals, and telecommunications.

Data centers segment to dominate the application landscape over 2020-2026

Escalating smartphone popularity and growing need for enhanced bandwidth have been transformed into huge demand for data centers across the globe. The rise in the penetration of the integrated photonics in data centers with the requirement of enhancing speed and bandwidth is anticipated to further embellish the growth of the segment over the forecast period.

North American market to accrue huge revenue gains by 2026

A prominent surge in the cloud computing activities and massive use of WAN in fiber optical communications is predicted to generate lucrative growth avenues for the photonic integrated circuits (PIC) market in North America over the forecast period. Humungous use of mobiles, videos, and cloud-based solutions in the sub-continent along with the need for raising the bandwidth will enlarge the business scope in the region.

Key players influencing the growth of the market are Infinera Corporation, Finisar Corporation, Intel Corporation, Huawei Technologies Company Limited, and Ciena Corporation.

The key players leveraging Photonic Integrated Circuits (PIC) market progression and profiled in the report include:

• Infinera Corporation

• Finisar Corporation

• Intel Corporation

• Huawei Technologies Company Limited

• Ciena Corporation

This report segments the Photonic Integrated Circuits (PIC) market as follows:

Global Photonic Integrated Circuits (PIC) Market: By Integration Type Segment Analysis

• Monolithic Integration

• Module Integration

• Hybrid Integration

Global Photonic Integrated Circuits (PIC) Market: By Raw Material Segment Analysis

• Indium Phosphide

• Lithium Niobate

• Gallium Arsenide

• Silicon-on-Insulator

• Others

Global Photonic Integrated Circuits (PIC) Market: By Component Segment Analysis

• Lasers

• Optical Amplifiers

• Modulators

• Multiplexers/De-Multiplexers

• Attenuators

• Detectors

Global Photonic Integrated Circuits (PIC) Market: By Application Segment Analysis

• Optical Communication

• Biophotonics

• Optical Signal Processing

• Sensing

Global Photonic Integrated Circuits (PIC) Market: By Regional Segment Analysis

• North America

  • U.S.

• Europe

  • UK

  • France

  • Germany

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

• Middle East and Africa

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