openPR Logo
Press release

Impact Of Covid-19 Outbreak On Photonic Integrated Circuits (PIC) Market

Global Photonic Integrated Circuits (PIC) Market: Overview

According to a new research report pertaining to the photonic integrated circuits (PIC) market, published by Transparency Market Research, the global photonic integrated circuits market is expected to reach a value of ~ US$ 3.3 Bn by 2027, expanding at a CAGR of ~ 23% from 2019 to 2027. According to the report, the global PIC market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period.

Obtain Report Details @ https://www.transparencymarketresearch.com/photonic-integrated-circuit.html

Increasing Use of PICs for Communication Systems Driving the Market

In terms of application, the global photonic integrated circuits market has been segmented into optical communication, sensing, optical signal processing, and biophotonics.
The optical communication segment in the PIC market is anticipated to dominate the market, due to a rise in the demand for optical communication systems that transmit large volume of data at high speed over a long distances.

Furthermore, the adoption of optical communication systems offers additional advantages over electric communication, such as high bandwidth capability, low latency, and superior flexibility.

Moreover, sensing applications are also anticipated to play a major role in driving the photonic integrated circuits market in the near future, as photonics offer electromagnetic immunity, metal-free operation, and low-cost integration with electronic devices, as well as high sensitivity in the field of optical sensing.
The optical communication segment in the PIC market is anticipated to expand at a significant CAGR from 2019 to 2027. The sensing segment in the photonic integrated circuits market is also anticipated to expand at a substantial CAGR during the forecast period.

Increasing Use of Silicon Technology in Photonic Integrated Circuits

The report on the PIC market offers detailed segmentation of the global photonic integrated circuits market in terms of integration type (monolithic integration, hybrid integration, and module integration), raw material (indium phosphide, gallium arsenide, lithium niobate, silicon, silicon-on-insulator, and others), components (lasers, modulators, detectors, attenuators, multiplexers/de-multiplexers, and optical amplifiers), and application (optical communication, sensing, optical signal processing, and biophotonics). The global photonic integrated circuits market has also been segmented based on region (North America, Europe, Asia Pacific, Middle East and Africa, and South America).

Request For Covid19 Impact Analysis Across Industries And Markets @ https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=997

Among the raw materials, the silicon segment accounted for a substantial share of the global photonic integrated circuits market in 2018, and is anticipated to gain a higher market share during the forecast period, owing to low-cost integration of silicon-based PICs by using silicon-based semiconductor manufacturing techniques.
North America to be a Highly Lucrative Market for PICs

North America witnesses high investments in optical communication and sensing applications. The optical communication segment is anticipated to dominate the global photonic integrated circuits market throughout the forecast period, owing to the increasing penetration of PICs in long-haul and transport networks across the U.S. and Canada.
Furthermore, with significant investments in sensing and biophotonics applications in the region, the photonic integrated circuits market in North America is anticipated to expand at a high CAGR during the forecast period.

Moreover, the optical signal processing segment is anticipated to gain traction in the PIC market during the forecast period, owing to the increasing demand for higher bandwidth and data transfer rates for optical signal processing networks.

Contact us:

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY - 12207,
United States
Tel: +1-518-618-1030

TMR offers meticulously researched market studies. We are leaders in providing cutting-edge market intelligence reports that are brought out of more than 5 million hours of expertize in market intelligence at the global, national, and local levels.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Impact Of Covid-19 Outbreak On Photonic Integrated Circuits (PIC) Market here

News-ID: 2123905 • Views:

More Releases from Transparency Market Research

Point-of-Care Glucose Testing Market: Technological Innovations Shaping the Future
Point-of-Care Glucose Testing Market: Technological Innovations Shaping the Futu …
The global healthcare industry is undergoing a technological revolution, and Point-of-Care (POC) glucose testing is at the forefront of this transformation. As diabetes continues to impact millions of lives worldwide, the need for efficient, accurate, and timely glucose monitoring has become critical. Newly released data from Transparency Market Research reveals that the global POC glucose testing market was valued at USD 3.7 billion in 2021 and is expected to reach USD
Dental Dust Collector Market: Regional Insights and Forecasts to 2031
Dental Dust Collector Market: Regional Insights and Forecasts to 2031
The dental dust collector market has been witnessing significant growth as the dental industry places a greater emphasis on occupational safety and adopts advanced technology. Dental dust collectors play a crucial role in creating a clean and safe environment in dental clinics and laboratories by capturing harmful airborne particles produced during procedures such as drilling, grinding, and polishing. Access key findings and insights from our Report in this sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85310 These devices
Vacuum Insulation Panels Market Size Will Anticipated to Reach US$ 12.6 Billion, Grow at a CAGR of 4.8% by 2031 | Transparency Market Research Inc.
Vacuum Insulation Panels Market Size Will Anticipated to Reach US$ 12.6 Billion, …
The vacuum insulation panels (VIPs) market represents a vital component in the global push for energy efficiency and thermal insulation solutions. VIPs are advanced thermal insulating materials that offer superior performance compared to traditional insulation products. These panels, composed of a core material enclosed within a gas-tight envelope, are widely used across industries, including construction, refrigeration, and logistics, where high thermal resistance is critical. It is estimated to grow at a
Aviation Lubricants Market Outlook 2031: Expanding from US$ 991.8 Million to US$ 1.6 Billion with an 5.4% CAGR
Aviation Lubricants Market Outlook 2031: Expanding from US$ 991.8 Million to US$ …
The aviation lubricants market is a crucial segment within the aerospace industry, encompassing specialized oils, greases, and fluids designed to enhance the performance and reliability of aircraft systems. These lubricants are essential for ensuring operational efficiency, reducing wear and tear, and maintaining safety standards across commercial, military, and general aviation sectors. It is estimated to grow at a CAGR of 5.4% from 2023 to 2031 and reach US$ 1.6 Bn by

All 5 Releases


More Releases for PIC

Photonic Integrated Circuits [PIC] Market - Forecasts to 2026
The Photonic Integrated Circuits [PIC] Market will grow with a CAGR value of 23.20 percent, to hit 6.17 Billion USD by 2026. PIC is a coordinated circuit that uses photons for the exchange of data signals in the obvious or close to an infrared range of light. These circuits are majorly deployed in optical field communication sectors, to transfer data. Browse 151 Market Data Tables and 111 Figures spread through 181
SPi Global’s SmartDub Solution wins PIC at LocWorld Silicon Valley 2019
Manila, Philippines, November 14, 2019. SPi Global , the world’s leading content technology and solutions provider and HOOQ, Southeast Asia’s largest video-on-demand service, today announced that SmartDub, an artificial intelligence (AI) dubbing innovation emerged the winner of the recent Process Innovation Challenge (PIC) at LocWorld Silicon Valley 2019, the leading conference for localization, translation, and global website management. SmartDub was chosen among dozens of entries and declared the front-runner,
PIC Series Single-Chip Microcomputer Market Trends 2022
This study presents an extensive overview of the Global PIC Series Single-Chip Microcomputer Market and throws light on the predicted growth rate, and estimated size of the Market. The present trends, preference of consumers, and key opportunities in the Market have also been encapsulated in this study. The report outlines the leading Market players which are flourishing in this Market. Additionally, it provides substantial information about crucial companies, such as,
Pic-Alive brings images to life.
The Pic-Alive apps offer new opportunities for anyone looking for innovations. Ideal for printers, photographers and advertising agencies. Without high costs, AR (Augmented Reality) can tell the story behind the image. The Pic Alive app automatically recognizes the image and changes to a video. This can be done with existing photos and videos, but also easily created with the Pic-Alive Video app. The user takes a video up to 30 seconds,
Photonic ICs (PIC) Industry Revenue, Competitive Landscape and Forecast to 2025
The Insight Partners added new research report “Photonic ICs (PIC) Market to 2025 - Global Analysis and Forecasts by Components, Uses, Integration and Materials” to its database. Photonic Integrated Circuits (PIC), functions analogous to electronic ICs, utilizes photons instead of electrons to carry data. Photons, unit of light, travels comparably much faster than other data carriers, hence data transfer speed has increased dramatically. Global photonic ICs market is expected to rise
Global Reed Switch Market- Nippon Aleph, Hamlin, OKI, PIC
Global Reed Switch Market report 2017 is an in-depth research on the current situation of the Reed Switch industry. The Scope of the Reed Switch research report: The Global Reed Switch Market primarily includes a basic overview of the Reed Switch industry. It also includes Reed Switch definitions, classifications and applications. It segments the market by applications, types, regions, competitive players and also analyzes Reed Switch market size, business share and Reed