Integrated Quantum Optical Circuits Market is Expected to Hit $1,460.2 million by 2025, growing with CAGR of 16.3%

Allied Market Research published a report, titled, Integrated Quantum Optical Circuits Market by Material Type (Indium Phosphide, Silica Glass, Silicon Photonics, Lithium Niobate, and Gallium Arsenide) and Application (Optical Fiber Communication, Optical Sensors, Bio Medical, Quantum Computing, and Others): Global Opportunity Analysis and Industry Forecast, 2018 - 2025.

The report offers comprehensive analyses of the global integrated quantum optical circuit market along with the market trends, industry dynamics, key player positioning, top investment pockets, and competitive landscape. According to the report, the global integrated quantum optical circuit market generated $426 million in 2017 and is expected to reach $1,460.2 million by 2025, registering a CAGR of 16.3% from 2018 to 2025.

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"AMR team is working exclusively on COVID-19 impact on Integrated Quantum Optical Circuits Market. The COVID-19 update is in progress and our research team is doing primary research activity to find out the revised growth curve semiconductor at country level. Conducting an exclusive study keeping COVID-19 in mind would help client to interpret the economic impact in near-terms of and long term future. AMR research team is also tracking the changing dynamics of Integrated Quantum Optical Circuits industry along with its immediate impact on the market"

Growth Drivers, Opportunities and Future Scope

Augmented demand for high-speed internet connectivity coupled with rapid proliferation of app-based solutions for personal & professional interests drives the growth of the market. In addition, increasing use of effective & enhanced conventional technology alternatives and growing demand for quantum computing supplement the market growth. However, high initial cost and design complexity hinder the growth of the market. On the contrary, heavy inflow of investment on implementing 5G network worldwide would create lucrative prospects for the market players.

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Silicon photonics segment to accrue highest revenue, indium phosphide to grow fastest through 2025

Among material types, the silicon photonics segment contributed the highest share of 31% in 2017 and is expected to maintain its revenue lead throughout the study period. This is because silicon photonics uses silicon as an optical medium, which can be operated at a wavelength of 1.55 µm and is also compatible with EIC fabrication technology. In addition, it has a wide range of applications such as modulators and detectors among others, and can be a reused technology.

Optical fiber communication segment to retain lead through 2025

The optical fiber communication segment held nearly two-fifths share of total market in 2017, owing to the increase in data consumption and surge in app-based applications worldwide. This segment is projected to maintain its dominance through 2025.

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North America to contribute highest revenue, LAMEA to attain fastest growth

The North American market for integrated quantum optical circuit contributed 42.2% of the total market share in 2017 and is expected to retain its dominance throughout the forecast period. This is due to the early adoption of new technologies, high spending on R&D, and rapid innovations in the region supplemented with the presence of numerous U.S.-based companies in integrated quantum optical circuit industry. On the other hand, Latin America, Middle East, and Africa (LAMEA) is expected to register the fastest CAGR of 19.3% from 2018 to 2025. The market in the region has the potential to contribute significantly in the next few years, as it is relatively untapped as compared to the other regions.

Torchbearers of the Industry

The key players analyzed in the report include Aifotec AG, Ciena Corporation, Finisar Corporation, Intel Corporation, Infinera Corporation, Neophotonics Corporation, TE Connectivity, Oclaro Inc., Luxtera, Inc., and Emcore Corporation. The companies have adopted expansion, product development, collaboration, joint ventures, and merger strategies to sustain the intense market competition in the industry.

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