Photonic Integrated Circuit  Market Disclosing Latest Developments and Technology Advancements - 2029 |Luxtera, Infinera Corporation, Ciena Corporation, Finisar Corporation

The global Photonic Integrated Circuit Market is comprehensively and in-depth examined in the report, thorough analysis of statistics about the current as well as emerging trends in Photonic Integrated Circuit Market. The report includes porter's Five Forces to analyse the prominence of various features such as tappet analysis, competitive analysis, tables, charts, and infographics and strategic decisions of the worldwide market, and various other types of analysis to provide a complete overview of the global Photonic Integrated Circuit Market. The global Photonic Integrated Circuit Market is also presented methodically with the help of annual growth, CAGR and other important market dynamics.

The photonic integrated circuit market was valued at USD 7,998.63 million in 2021, and it is projected to be worth USD 26,421.83 million by 2027, registering a CAGR of 20.47% during the forecast period (2022-2029).

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The study includes market share analysis and profiles of top players such as- Luxtera, Infinera Corporation, Ciena Corporation, Finisar Corporation, VLC Photonics, Huawei Technologies Co. Ltd, Intel Corporation, Neophotonics Corporation, Source Photonics Inc., Lumentum Holdings Inc., Mellanox Technologies Ltd, Colorchip Ltd,

Regional Assessment:

Geographically, the global Photonic Integrated Circuit Market is analysed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and others), Asia-Pacific (China, India, Japan, and others), and LAMEA (Latin America, Middle East, and Africa).

The Type Segment includes:

Laser (Optical Laser)

Modulators

Detectors

Transceivers

Multiplexer / Demultiplexer (MUX/DEMUX)

Optical Amplifiers

The Application Segment includes:

Telecommunications

Biomedical

Data Centers

Other Applications (Optical Sensors(LiDAR), Metrology, etc.)

Competitive Landscape

March 2022 - EFFECT Photonics and Jabil Photonics announced a collaboration to develop a new generation of coherent optical modules. The modules offer a unique solution for network operators and hyper-scalers seeking to benefit from QSFP-high DD's performance, small footprint, low power consumption and cost, field replaceability, and vendor interoperability for cloud DCIs (Data Center Interconnects). The next-generation coherent optical modules handle the increased demand for data flow, service continuity, security issues, global expansion, and sustainability.
September 2021 - NeoPhotonics announced the launch of the high output power version of its 400G Multi-Rate CFP2-DCO coherent pluggable transceiver with 0 dBm output power and designed to operate in the metro, regional, and long-haul ROADM based optical networks. It is based on NeoPhotonics' vertically integrated Indium Phosphide technology platform, including the ultra-pure Nano tunable laser and Class 40 Coherent Driver Modulator (CDM) and Coherent Receiver (ICR).

Key Market Trends

Growing Applications in Telecommunications and Data Centres

Hybrid PICs find great applications in the telecommunication business and data centres. The need for a high rate of data transfer, which traditional ICs cannot accommodate, is the primary factor leading to the increased adoption of hybrid PICs in the telecom and data center markets.

Further acceleration has been attributed to the development of high-speed networks and 5G. The PICs have been a well-known technology in the telecom sector via the development and widespread deployment of transceivers and passive components.

The onset of 5G has put the focus on wireless and radio technology. However, photonics and fiber optics have been acting as critical support in transporting signals to and from the new generation of base stations.

Additionally, there is a high degree of innovation that is helping several manufacturers to develop low-cost hybrid PIC hardware to meet their requirements. In addition, an increasing number of cloud applications are rapidly upscaling the traffic that has to be handled by data centres (DC). As per Uptime Institute's Data Centre Industry Survey, most operators have a hybrid strategy for DC operation. With IT workloads being spread across a range of services and data centers, Uptime shared that about one-third of all workloads shifted to the cloud, colocation, hosting, and Software-as-a-Service (SaaS) suppliers in 2021.

According to Cisco's 2015-2020 GCI, as of 2022, 92% of workloads could be on the cloud across the data centers, indicating a critical need for advanced switching and data transfer hardware that could be met by hybrid PICs.

Regional analysis:

In North America, the demand for photonic integrated circuits (PIC)-based products is driven by data centres and WAN applications of fibre optic communication. 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 was expected to generate the most cloud traffic (7.7 ZB per year) by the end of 2021. Such trends are expected to increase market adoption.

According to Cloud scene, the United States holds the highest number of data centres globally, i.e., almost 2,600 data centres, which is almost 33% of the entire world.

Service providers face increasing demand for bandwidth, much of which is being driven by mobile, video, and cloud-based services. Companies are expected to base their optical networks on the PIC, which is likely to positively contribute to the market's growth. In the region, multinational companies, such as IBM Corporation, Intel Corporation, and Cisco, are working with partners in academia, business, and the government to develop PIC-based solutions for communications challenges.

Public-private partnerships have forged national research consortiums for smaller enterprises, such as the American Institute for Manufacturing Integrated Photonics (AIM Photonics, Rochester, NY) in the United States, the Canadian Photonic Industry Consortium Florida Photonics Cluster, and Ontario Photonics Industry Network.

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The study objectives of this report are:

To study and analyse the global Photonic Integrated Circuit Market size (value and volume) by the company, key regions/countries, products and application, history data from 2021 to 2027, and forecast to 2028.
To understand the structure of Photonic Integrated Circuit Market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Photonic Integrated Circuit Market manufacturers, to define, describe and analyse the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyse the Photonic Integrated Circuit Market with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Photonic Integrated Circuit Market submarkets, with respect to key regions (along with their respective key countries).
To analyse competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyse their growth strategies.

Finally, the researchers shed information on global Photonic Integrated Circuit Market precise analysis. It also assesses the long-term patterns and platforms that support market expansion. The research report also assesses the level of competitiveness. The market has been thoroughly examined using SWOT analysis and porter's five scanning. It also aids in the management of company risks and obstacles. It also includes considerable research on sales techniques

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