Photonic IC Market Size, Share, Insights, Challenges, Opportunities And Global Outlook to 2022-2027 | Agilent Technologies, Inc., Intel Corporation, Aifotec AG, Infinera Corporation

According to a report published by Coherent Market Insights, the Laser Processing Market is estimated to be worth US$ 34,785.7 million by 2027, with a CAGR of 10.5 percent over the forecast period (2020-2027).

The CMI study on the Photonic IC Market examines a number of areas of the industry, including market size, position, trends, and forecasts. The report also includes brief information on competitors and specific potential prospects, in addition to important market drivers. A detailed analysis of the Photonic IC Market is also included in the study, which is segmented by companies, geography, type, and application.

A photonic integrated circuit (IC), also known as an integrated optical circuit, is a device that, like an electrical integrated circuit, integrates numerous photonic operations. The primary distinction between electronic integrated circuits and photonic integrated circuits is the type of raw material employed in their manufacture.

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Major Key Players:

• Agilent Technologies Inc.
• Intel Corporation
• Aifotec AG
• Infinera Corporation
• Alcatel-Lucent
• Hewlett Packard
• Avago Technologies
• Finisar Corporation
• Ciena Corporation
• Enablence Technologies Inc.
• Emcore Corporation

Segments Covered:

By Components:

• Lasers
• Modulators
• Detectors
• Attenuators
• MUX/DEMUX
• Optical Amplifiers

By Integration Type:

• Monolithic Integration
• Hybrid Integration
• Module Integration.

By Raw Material:

• Indium Phosphide
• Gallium Arsenide
• Lithium Niobate
• Silicon
• Silica-on-Insulator
• Others.

By Application:

• Optical communications
• Sensing
• Biophotonics
• Optical signal processing.

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Regional Classification:

In terms of value, the Asia Pacific, followed by North America, dominates the Photonic IC Market. China and the United States, on the other hand, control roughly half of the market. Market growth is expected to be strongest in the Middle East and Africa, followed by Western Europe. Few nations in Western and Eastern Europe are considering installing off-grid power systems, which will increase demand for Photonic IC Market services.

Key Highlights of the Report:

• A comprehensive examination of the industry
• Analysis of the market at many levels, including type, application, end-user, and regions/countries
• It aids in understanding the major product segments and their future
• Competitive landscape and player positioning analysis for the market
• Historical and forecast market size in terms of revenue (USD Million)

Method of Research:

The purpose of this section's research is to examine the Photonic IC Market during the course of the study period using several confirmed parameters based on Porter's Five Force Model. As a result, a thorough examination of the market aids in identifying and emphasizing the market's primary strengths and weaknesses as it progresses. Furthermore, the report was created using a combination of primary and secondary research, including interviews, surveys, and observations from seasoned analysts, as well as reliable paid sources, trade magazines, and industry body databases.

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Email: sales@coherentmarketinsights.com

About Coherent Market Insights -

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

This release was published on openPR.