Press release
Global Photonic IC Sales Market Will reach 2820 million US$ by the end of 2025
A photonic integrated circuit (PIC) or integrated optical circuit is a device that integrates multiple (at least two) photonic functions and as such is similar to an electronic integrated circuit. The major difference between the two is that a photonic integrated circuit provides functions for information signals imposed on optical wavelengths typically in the visible spectrum or near infrared 850 nm-1650 nm.
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On the one hand, today photonic integration is emerging as a new standard for providing cost effective and high-performance miniaturized and optical systems for a wide range of applications. The use of photonic integrated circuits (PICs) enables system designers and manufacturers to unite various optical devices such as modulators, optical amplifiers, lasers, and multiplexers into a single package, thereby making the overall system compact and reduce its cost. As cost is a supremely important factor for both manufacturers and end users, this demand for photonic integrated circuits is expected to see a heightened rise over the coming years.
On the other hand, chip manufacturers all over the world are striving to enhance power efficiency by reducing power consumption and to achieve this, the use of PICs in the circuitry. PICs are increasingly being preferred over optical fiber communication systems. Owing to their benefits such as low power consumption, superior flexibility, and low latency, the application areas of photonic integrated circuits are expected to increase in the future.
The photonic integrated circuits market is still in its nascent stage and thus, with growing prospects in the future, the number of players in the market is likely to increase and this will result in a high level of threat from new entrants in the coming years.
The global Photonic IC market is valued at 500 million US$ in 2017 and will reach 2820 million US$ by the end of 2025, growing at a CAGR of 24.1% during 2018-2025.
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The major players covered in this report
Infinera
Alcatel-Lucent
Avago
NeoPhotonics
HUAWEI
Cisco
Ciena
Intel
Oclaro
JDS Uniphase
Finisar
Luxtera
Mellanox
OneChip
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