Press release
Photonic Integrated Circuit Market 2021 Evolving Technology and Growth Outlook – Infinera Corporation, Intel Corporation, Cisco Systems Inc
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 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.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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Top Leading Companies of Photonic Integrated Circuit Market are 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 and others.
Regional Outlook of Photonic Integrated Circuit Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
Industry News and Developments:
- 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.
Key Market Trends:
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.
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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 a global and 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.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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