According to a
new market report published by Credence Research Inc. “Photonic IC (Optical
Communications (Wireless Access Networks, Long Haul and Transport Networks,
Data Centers, etc.), Sensing (Engineering, Energy and Utilities, Transport and
Aerospace, etc.), Biophotonics (Medical Devices, Photonic Lab-On-A-Chip, etc.),
and Optical Signal Processing (Quantum Optics, Quantum Computing, Optical
Metrology, etc.)) Market - Growth, Share, Opportunities, Competitive Analysis,
and Forecast 2015 – 2022”, the photonic integrated circuits market is expected
to expand at a CAGR of 25.2% from 2015 to 2022.
Browse the full Photonic IC Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/photonic-integrated-circuits-market
Market and Product Insights
Photonic
integrated circuit (PIC) is a sophisticated integrated circuit incorporating
multiple optical devices/functions into a unique optical package. The main
difference between a photonic integrated circuit and an electronic circuit is
that photonic ICs use photons as data carriers unlike electronic ICs which use
electrons for transferring data. In addition, a photonic integrated circuit is
analogous to electronic integrated circuits. The photonic integrated circuits
(PIC) market is still in the nascent stage and is poised to offer immense
growth potential during the forecast period 2015 – 2022.
Competitive Insights
The global
photonic integrated circuits (PIC) market is highly fragmented and competitive.
The top four players in the photonic integrated circuits (PIC) market accounted
for less than forty five percent of the global market revenue share in 2014.
Some of the leading players identified in the photonic integrated circuits
(PIC) ecosystem include Infinera Corporation (the U.S.), JDS Uniphase
Corporation (the U.S.), Alcatel-Lucent S.A. (France), NeoPhotonics Corporation
(the U.S.), Huawei Technologies Co. Ltd (China), Intel Corporation (the U.S.),
and Avago Technologies Ltd. (Singapore). In addition, the photonic IC market is
characterized by the presence of large number of small players, accounting for
trivial market share individually.
Some of these
players include including Ciena Corporation (the U.S.), Finisar Corporation
(the U.S.), Mellanox Technologies Ltd. (Israel) and Luxtera Inc (the U.S.)
among others. Competition among existing market players is comparatively high
owing to the fragmented nature of the industry. Manufacturers compete on the
basis of product innovation and technology differentiation. As such,
manufacturers are increasingly focused towards research and development
activities. Thus, the intensity of competition in the market is expected to
remain high throughout the forecast period 2015 - 2022.
For More
Reports Related to This Category @ http://www.credenceresearch.com/industry/energy-and-power-market
Key Trends
Gradual
Transition from Analog to Digital Mode of Operation
Research on
Quantum Computing
Growing Demand
from Data Center Applications
Growing
Preference for Photonic ICs over Electronic ICs
Improved
Functionalities Leading to Increased Application Fields
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