Photonic IC Market Major Key Players: Neophotonics Corporation, Hewlett-Packard Enterprise, Infinera Corporation, Agilent Technologies, JDS Uniphase Corporation

Market Overview: -

Photonic IC Market set to grow owing to advantages of the components such as cost-effectiveness and enhanced functionalities. Several optical devices, such as multiplexers, modulators, and amplifiers, can be integrated into these circuits, reducing the overall cost and making the system compact. The miniaturization of devices and increase in the level of integration are the key factors driving the photonic IC market. These circuits host complex circuit configurations and feature power efficiency and cost reduction due to miniaturization. Photonic components enable efficient electrical to optical conversion and allow devices to work at high temperatures.

The ICs use photons for carrying data, unlike electronic ICs that utilize electrons for data transfer. Optical rays carry more data, thereby proving to be superior than electrical semiconductor techniques and facilitate high data transmission rates than copper-based transmissions. The usage of optical devices makes the system discrete.

Moreover, these chips can also be integrated with basic electronic circuits further extending their applications for more functions. High-speed data transmission facilitated by these circuits makes them suitable for a wide range of applications across the aerospace, industrial, and telecommunication, utilities, and energy sectors, which is a key factor driving the photonic IC market.

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Top Key Players: -

Major players operating in the photonic IC market include Neophotonics Corporation, Hewlett-Packard Enterprise, Infinera Corporation, Agilent Technologies, JDS Uniphase Corporation, Ciena Corporation, Luxtera, Inc., Avago Technologies, TE Connectivity Ltd., Alcatel-Lucent, Intel Corporation, Finisar Corporation, and Huawei Technologies Co., Ltd. The photonic IC market is competitive and fragmented in nature.

Market share calculation in this report is not done based on companies covered in it. The calculation of photonic IC market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentation: -

North America photonic IC market dominated the industry owing to the presence of advanced electronics and telecom sectors in the region and its tendency to adopt the latest advanced technologies. The need to upgrade the existing infrastructure coupled with the growing adoption of the components in sensing and communications applications is driving the industry growth.

The U.S. is projected to witness a strong growth owing to the major spur in transport networks, data centers, and utilities & energy industry. In addition, the region will account for a substantial share in the photonic IC market over the coming years owing to a rising demand from the IT sector in the U.S. and Canada.

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The laser photonic IC market accounted for the majority of the industry share and is expected to grow at a high rate owing to its wide usage in applications such as telecommunication and data center domains. Usage of lasers provides a wide operating temperature range, enhanced optical power, and spectral purity. Increasing applications and widespread use of lasers in marking, engraving, cutting, welding, and drilling are being witnessed. Companies, such as Intel, are focusing on implementing technologies such as hybrid silicon laser. Lasers being one of the essential components of these ICs, the demand for the segment is expected to increase over the coming years.

In the photonic IC market, optical communication dominated the industry and will grow at a fast rate over the forecast timespan. Over the last few years, the industry has witnessed a tremendous increase in the data traffic. Optical communication based on the photonic ICs offers an efficient and cost-effective alternative to data transmission.

In addition, owing to its efficiency in handling the increasing data traffic, the demand for optical communications photonic IC market is anticipated to increase. Moreover, the high bandwidth and low signal attenuation provided by optical communication systems are expected to boost their demand.

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