The Insight Partners adds Photonic Integrated Circuit (IC) Market Forecast to 2027 – COVID-19 Impact and Global Analysis” to its store providing analysis of the current and future market competition in the market. Insightful review of the key industry drivers, opportunities, barriers and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Photonic Integrated Circuit (PIC) is an IC that utilizes photons for transferring information signals in the near infrared or visible spectrum of light. Though similar to electronic ICs, the PIC’s usage of optical wavelengths provides it the added benefits of enhanced functionalities, greater speed, and higher integration. Photonic ICs owe their genesis to develop and deploy high-speed data transmissions which the traditional copper-based transmissions and electronic ICs fail to adhere to.
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Top Key Players:-Agilent Technologies, Broadcom, Ciena Corporation, Finisar Corporation, Infinera Corporation, Intel Corporation, Keysight Technologies, NeoPhotonics Corporation, Source Photonics Inc, TE Connectivity
Some of the major drivers propelling the growth of photonic integrated circuit (IC)market include, High Demand for Indium Phosphide (InP)-based PICs and increasing its applications in data centers. However, the complexity of the design and huge power consumption may confine the expansion of the photonic integrated circuit (IC) market.
The report highlights key growth strategies adopted by these players of Photonic Integrated Circuit (IC) industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.
The global photonic integrated circuit (IC) market is segmented on the basis of component, material type, and application. Based on component, the photonic integrated circuit (IC) market is segmented as laser, modulators, detectors, transceivers, MUX/DEMUX, optical amplifiers, and others. On the basis of material type, the market is segmented as lithium niobate, silica-on-silicon, galium arsenide, indium phosphide, and others. Furthermore, on the basis of application, the market is segmented as optical communication, biomedical, optical fiber sensor, quantum computing, and others.
The report analyzes factors affecting Photonic Integrated Circuit (IC) market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting Photonic Integrated Circuit (IC) market in these regions.
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Reason to Buy
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Photonic Integrated Circuit (IC) Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in Photonic Integrated Circuit (IC) Market, thereby allowing players to develop effective long term strategies.
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