Press release
Photonic Integrated Circuit Market 2021 Global Insights and Business Scenario – Neophotonics Corporation, Poet Technologies, II-VI Incorporated, Infinera Corporation, Intel Corporation, Cisco Systems Inc., Source Photonics Inc., Lumentum Holdings, Huawe
The Photonic Integrated Circuit Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.The global photonic IC market was valued at USD 5790.6 million in 2020 and expected to reach USD 27146.39 million by 2026 and grow at a CAGR of 28.3% over the forecast period (2021-2026).
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The 120 Pages report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Photonic Integrated Circuit Market: Neophotonics Corporation, Poet Technologies, II-VI Incorporated, Infinera Corporation, Intel Corporation, Cisco Systems Inc., Source Photonics Inc., Lumentum Holdings, Huawei Technologies Co. Ltd, Effect Photonics, Colorchip Ltd
Some of the recent developments in the market are:
III-V semiconductor photonic integrated circuits go quantum
October 5, 2020: Quantum emitters are key for a range of technologies including LEDs, lasers and, in particular, photonic quantum communication and computation protocols. So far, scientists have turned to diamond and silicon carbide (SiC) to develop single photon sources on account of their wide band gap and excellent optical properties. However, the shortcomings of these semiconductors are highlighted by attempts to manipulate and route this kind of quantum emission in an integrated fashion to create scalable systems.
Now Tsung-Ju Lu and Benjamin Lienhard, and a team of researchers at the Massachusetts Institute of Technology (MIT) and City University of New York in the U.S., led by MIT's Dirk Englund, have produced quantum emitters in a III-V semiconductor, aluminum nitride (AlN). AIN is already well established in the optoelectronics and high-voltage electronics industry. By patterning the AlN with the quantum emitters embedded, they were able to integrate the emitters directly into a photonic circuit.
POET Technologies Enters Artificial Intelligence Market with Technology Leader in Photonic Computing
TORONTO, Jan. 06, 2021 -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced that it has entered into development and supply agreements with a technology leader in photonic neural network systems for Artificial Intelligence (AI) applications.
Artificial Intelligence, at the cusp of its own revolutionary impact to humanity, is driving an unprecedented demand for computation at the same time that the physics of digital semiconductors, driven by Moore’s law, is reaching its end. Transistor scaling is approaching its limits and AI accelerator companies are struggling to keep pace with demands, particularly in “edge” applications that require greater power and cost efficiency. Domain-specific architectures targeted to AI workloads can make up for some of the slowdown in transistor advances but that approach also has its limits.
The chipset market for AI applications is projected to grow from approximately $18 billion in 2020 to over $65 billion by 2025. POET’s new development and supply agreement for photonic AI computing represents an entry point into this new large and extremely high-growth market. POET’s customer for these applications is breaking the digital semiconductor mold by integrating photonics into accelerators for AI workloads, thereby enabling step-change advancements in AI computation. Harnessing light to perform data-parallel calculations is many orders-of-magnitude faster, more power efficient, and lower cost than in traditional semiconductors. Photonic computing changes the game in the field of Artificial Intelligence.
- October 2020 - POET Technologies has signed a USD 50 million Joint Venture Agreement with Sanan IC, which is the world's leading producer of LEDs. The company has also applied for the registration of Super Photonics Xiamen Co., Ltd (Super Photonics). This is anticipated to offer a new generation of cost-effective, high-performance optical engines to transceiver module manufacturers, systems suppliers, data center operators, and network providers globally.
- July 2020 - Inphi Corporation, a prominent player in high-speed data movement interconnects, and NeoPhotonics Corporation announced that the companies completed the industry’s first interoperability demonstration of OIF 400ZR Implementation Agreement compliant coherent transceivers, operating successfully across the C-Band over 120 km of optical fiber. Transceiver pairs consisting of Inphi’s COLORZ II with its Canopus 7nm Coherent DSP and NeoPhotonics 400ZR successfully linked. Both 400ZR coherent optics transceivers carried error-free traffic over a typical data center interconnect (DCI) link configuration at several wavelengths.
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Market Overview:
- In the case of photonic ICs, it is estimated that the power consumed in such critical applications could be reduced by at least 50%. The frequencies that could be covered with photons are about 1,000 to 10,000 times higher than the spectrum to be covered with microelectronics. This means that using photonic ICs, end-users can achieve much higher frequencies that are far more energy-efficient when compared to traditional ICs.
- These low-cost photonic hardware manufactured through a hybrid or monolithic process are finding great demand from end-user applications, such as data centers growing huge in capacity every year, owing to data-driven ecosystems. Furthermore, in combination with II-VI materials, silicon substrates are being used in fabricating hybrid photonic ICs, due to factors, such as high-temperature operability, as well as high mobility at room temperature, and faster transfer of electrical currents through silicon semiconductors when compared to others.
- Also, hybrid PICs' technical advantages are likely to continue replacing conventional, in a comprehensive range of applications. At CES 2020, SiLC Corporation demonstrated the operation of their FMCW above 200m being able to measure crosswalks at 220m and 2-inch objects at 190m.
- PICs have shown tremendous benefits towards data centers and cloud computing, that is, by enabling more straightforward, more reliable, and higher bandwidth communications. The overall industry has been entering into an upgrade cycle for high-speed optical connectivity within cloud data centers and telecom operators opting for 5G optical buildouts. Apart from over 50% less mass and power consumption, the PIC technology has offered a 100X size reduction with no-cost redundancy and being aperture-independent.
- Amid the highly integrated photonics technology, multiple players in the market studied are witnessed working on PIC-led active developments to help meet the growth in data/network traffic, especially within data centers exacerbated by responses to the Covid-19 pandemic. Higher demand for high-speed data center interconnect has been realized by stakeholders to seek collaborations with foundry partners. Since Silicon photonics technology has been identified as support toward COVID-19 heightened situations, these massive requirements have led to increased productions.
Data Centers by Application to Drive the Market Growth
- The Internet of Things (IoT), cloud, streaming video, 5G, and many other trends are forcing data centers to scale exponentially. According to the Cisco Global Cloud Index, annual data center internet protocol traffic is expected to surpass 20 Zettabytes (or 20x1021 bytes) by 2021.
- In the data centers, optical links connect the server racks through a complex network of fiber optical cables. Currently, 100 Gb/s optical links that are made up of 4x25 Gb/s single channels or lanes are sustaining data traffic within the data center. These links transmit data over lengths of fiber stretching from a few meters up to 2km, with single-mode fiber the optical medium of choice for spanning large distances.
- More likely, over the next few years, data center operators are expected to upgrade their networks to 400 Gb/s optical links (by aggregating 4x100 Gb/s lanes per link) as a step to meet the enormous demand for data. As the number of optical links within data centers will grow exponentially, these links need to be low-cost and consume as little power a/s possible, which is expected to drive the photonic IC market.
- In November 2020, the joint venture company formed between Universal Cables Limited India and Furukawa Electric Co. Ltd, called Birla Furukawa Fibre Optics Private Limited, announced a 400G ready data center program for the evolution of data centers to 400G. The rapid increase in demand for online business transactions, work from home by employees, and other cloud-hosted services in the COVID-19 pandemic, as well as the growth of IoT (Internet of Things) applications, has accelerated the requirement for data centers to evolve into the next wave of technology 400 Gb/s optical networks, also known as 400G.
North America to Hold a Major Market Share
- In North America, the demand for photonic integrated circuits (PIC) based products is driven by data centers and WAN applications of fiber optic communication. For instance, in February 2019, US-based Ciena Corporation launched WaveLogic 5 Extreme system, which is capable of transmitting 800 gigabits of data per second on a single wavelength of light through up to 200 kilometers of optical fiber.
- The growing need for high-speed data transmission increased the data traffic in cloud computing, and the rapid roll-out of IoT has created a potentially booming photonic integrated circuit industry in the region. According to Cisco Cloud Index, North America is expected to generate the most cloud traffic (7.7 ZB per year) by 2021. Such trends are expected to increase market adoption.
- Service providers are facing increasing demand for bandwidth, much of which is being driven by mobile, video, and cloud-based services. For instance, in the US, video streaming from Netflix alone accounted for more than a third of peak internet traffic in 2018. Companies are expected to base their optical networks on the PIC, which is likely to contribute to the market’s growth positively.
- Multinational companies, such as IBM Corporation, Intel Corporation, and Cisco, in the region, are working hand in hand with partners in academia, business, and the government, to develop PIC-based solutions for communications challenges.
Competitive Landscape
The photonics integrated circuit market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. However, with innovative and sustainable packaging, many of the companies are increasing their market presence by securing new contracts and by tapping new markets.
Influence Of The Photonic Integrated Circuit Market Report:
-Comprehensive assessment of all opportunities and risk in the Photonic Integrated Circuit market.
- Photonic Integrated Circuit market recent innovations and major events.
-A detailed study of business strategies for growth of the Photonic Integrated Circuit market-leading players.
-Conclusive study about the growth plot of Photonic Integrated Circuit market for forthcoming years.
-In-depth understanding of Photonic Integrated Circuit market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Photonic Integrated Circuit market.
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Photonic Integrated Circuit Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
The report has 150 tables and figures browse the report description and TOC:
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