Press release
Photonic Integrated Circuits (PIC) Market is expected to reach a value of USD 4.72 billion by 2029, exhibiting a remarkable CAGR of 17.7% during the forecast period.
Photonic Integrated Circuits (PIC) Market
The comprehensive report provides valuable insights into the market dynamics, including the impact of the COVID-19 pandemic on market leaders, followers, and disruptors. It analyzes the varying effects of lockdown measures implemented in different regions and countries, offering decision-makers a clear understanding of the short-term and long-term implications for their companies. The report's extensive scope will enable businesses to formulate effective strategies based on regional insights.
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The report's findings are the result of exhaustive primary and secondary research, including the analysis of key market trends, competitive landscape, impact of restraints, and growth prospects in the photonic integrated circuits market. The research involves the evaluation of market share among service providers based on product, service, and solution, utilizing both secondary research and primary interactions. Additionally, the report considers end-use industry surveys, regional economic growth, and a suitable set of assumptions and methodology.
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What are Photonic Integrated Circuits (PIC) Market Dynamics?
The global Photonic Integrated Circuits (PIC) market is driven by several factors. The proliferation of information and communication technology, coupled with the growing demand for high-bandwidth transmitting devices and the reduction of telecommunication and network devices, are key drivers for market growth. Additionally, the adoption of photonic integrated circuits in optoelectronic devices, driven by their energy efficiency, higher operational speed, and low energy consumption, is expected to significantly boost the global market throughout the forecast period. The rising adoption of optical fiber technology further enhances the demand for photonic integrated circuits worldwide.
However, the lack of processing and fabrication standards poses a challenge to the growth of the global photonic integrated circuit market. Moreover, the absence of digitalization in some emerging and underdeveloped countries limits the market's potential. On the other hand, the increasing data volumes and demand for data centers create lucrative business opportunities for major manufacturers in the global market.
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What is Photonic Integrated Circuits (PIC) Market Regional Insight?
Geographically, the North America market holds a substantial revenue share in the global photonic integrated circuit market. The region benefits from advanced IT and telecommunication infrastructure, resulting in early adoption of advanced technologies. The Europe photonic integrated circuit market is projected to experience significant revenue growth.
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What is Photonic Integrated Circuits (PIC) Market Segmentation?
by Integration
• Monolithic Integration
• Hybrid Integration
• Module Integration
by Raw Material
• Gallium Arsenide
• Indium Phosphide
• Silica On Silicon
• Silicon On Insulator
• Lithium Niobate
by Application
• Optical Fiber Communication
• Optical Fiber Sensors
• Biomedical
• Quantum Computing
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Who are Photonic Integrated Circuits (PIC) Market Key Players?
• Infinera Corporation
• NeoPhotonics Corporation
• Huawei Technologies Co., Ltd.
• OneChip Photonics
• Finisar Corporation
• Intel Corporation
• Broadcom Inc.
• Luxtera, Inc.
• Oclaro Inc.
• VIAVI Solutions Inc.
• Ciena Corporation
• Emcore Corporation
• Kaiam Corp
• POET Technologies Inc.
• ll-Vl Incorporated
• Intel Corporation
• Agilent Technologies, Inc.
• Aifotec AG
• Alcatel-Lucent SA
• CyOptics Inc.
• Enablence Technologies Inc.
• Hewlett-Packard Company
• JDS Uniphase Corporation
• Mellanox Technologies Ltd
Table of content for the Photonic Integrated Circuits (PIC) Market includes:
1. Global Photonic Integrated Circuits (PIC) Market: Research Methodology
2. Global Photonic Integrated Circuits (PIC) Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Photonic Integrated Circuits (PIC) Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Global Photonic Integrated Circuits (PIC) Market Segmentation
• Global Market, by Integration(2021-2029)
• Global Market, by Raw Material(2021-2029)
• Global Market, by Application (2021-2029)
5. Regional Photonic Integrated Circuits (PIC) Market(2021-2029)
• Regional Market, by Integration(2021-2029)
• Regional Market, by Raw Material(2021-2029)
• Regional Market, by Application (2021-2029)
• Regional Market, by Country (2021-2029)
6. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by Product
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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