The “Global Photonic ICs (PIC) Market Analysis to 2028″ is a specialized and in-depth study of the Photonic ICs (PIC) market with a special focus on the global market trend analysis. Photonic Integrated Circuits (PIC), functions analogous to electronic ICs, utilizes photons instead of electrons to carry data. Photons, unit of light, travels comparably much faster than other data carriers, hence data transfer speed has increased dramatically.
Global photonic ICs market is expected to rise at a remarkable rate as it offers substantial enhancements in system size, power intake, cost, and dependability. On the basis of application, the global photonic IC market is segmented into biophotonics, optical communication, sensors, optical signal processing and nanophotonics. The global photonic IC market is further segmented on the basis of integration methods deployed into monolithic integration, hybrid integration, and module integration. In addition, the global photonic IC market is segmented on the basis of components, namely: modulators, lasers, multiplexers/de-multiplexers, detectors, optical amplifiers and others (such as attenuators, wavelength converters, etc.). Photonic ICs (PIC) Market research involves the study of various factors affecting the industry, including market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges. New Report on “Photonic ICs (PIC) Market” makes a brilliant attempt to unveil key opportunities available in the global Photonic ICs (PIC) Industry to help players in achieving a strong market position.
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Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Photonic ICs (PIC) Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Photonic ICs (PIC) Market is analyzed and depicted in the report.
Top Listed Players in this Report are:
– Alcatel-Lucent S.A.
– Infinera Corporation
– JDS Uniphase Corporation
– Huawei Technologies Co. Ltd.
– Avago Technologies Ltd.
– Intel Corporation
– NeoPhotonics Corporation.
– Agilent Technologies
– Ciena Corporation
– Emcore Corporation
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Rising demand for accurate real-time data, high penetration of consumer electronics devices, rising demand for high-speed internet. Also the network coverage such as 4G, 5G enabled devices, the growing popularity of IoT are the major drivers of the Photonic ICs (PIC) market. However, high capital expenditure in the agricultural application is limiting the market. On the other hand, increasing use for unmanned vehicle and growing demand for wearables are creating opportunities for the Photonic ICs (PIC) market.
Optical Sensors application is an emerging application in this marketplace, which is utilized in fields like aerospace, defense, transportation, energy, and medicine. Quantum computing, a technology soon to be commercialized, is another segment that promises significant utilization of photonic ICs. Photonic ICs are similarly used in biomedical arena, wherein InP-established use of definite photonic ICs are being utilized for the diagnostic examination of opaque skin tissues.
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