Photonic Integrated Circuits (PIC) Market –By Integration Type (Monolithic Integration, Module Integration, and Hybrid Integration), By Raw Material (Indium Phosphide, Lithium Niobate, Gallium Arsenide, Silicon-on-Insulator, and Others), By Component (Lasers, Optical Amplifiers, Modulators, Multiplexers/De-Multiplexers, Attenuators, and Detectors), and By Application (Optical Communication, Biophotonics, Optical Signal Processing, and Sensing): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

According to the report, global demand for Photonic Integrated Circuits (PIC) Market was valued at nearly USD 478 Million in 2019 and is expected to generate revenue of around USD 2,266.5 Million by end of 2026, growing at a CAGR of over 24.9% between 2020 and 2026.

23-Jan-2020 | Number of pages: 110 | Report Code: ZMR-5199 | Report Format : | Status : Published

Abstract

The study inculcates sales forecast & analysis of the Photonic Integrated Circuits (PIC) market on a global as well as regional level.  It also offers historical data of 2016, 2017, 2018, and 2019. It also provides an assessment of the industry expansion during 2020-2026 in terms of USD Million. Our report includes competitive strategies adopted by the key industry players depending on the outline provided by the Porter’s Five Forces Model impacting the industry.

According to the report, global demand for Photonic Integrated Circuits (PIC) Market was valued at nearly USD 478 Million in 2019 and is expected to generate revenue of around USD 2,266.5 Million by end of 2026, growing at a CAGR of over 24.9% between 2020 and 2026.

Our study provides exact market attractiveness analysis, thereby assisting the end-user in evaluating the high growth aspects of the Photonic Integrated Circuits (PIC) market over the timespan from 2020 to 2026. The report also offers historical data from 2016 to 2019. Apart from this, the market is segmented in terms of integration type, raw material, component, application, and region.

Global Photonic Integrated Circuits (PIC) Market

Based on the integration type, the Photonic Integrated Circuits (PIC) industry is sectored into Monolithic Integration, Module Integration, and Hybrid Integration. On the basis of raw material, the market is divided into Indium Phosphide, Lithium Niobate, Gallium Arsenide, Silicon-on-Insulator, and Others. In terms of component, the industry is classified into Lasers, Optical Amplifiers, Modulators, Multiplexers/De-Multiplexers, Attenuators, and Detectors. Application-wise, the market is divided into Optical Communication, Biophotonics, Optical Signal Processing, and Sensing. Region-wise, the market is bifurcated into North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The report encompasses a comprehensive PESTEL and SWOT Analysis that assesses the factors influencing the performance of each market player in the present situation and over the forecast period. It also offers deep & extensive insights into the competitive moves by the mammoth industry players for acquiring a competitive edge as well as a leading position in the market.

Key Drivers:

Recent types of LIDAR finding numerous applications in the autonomous vehicles help the latter in scanning the environment around it and make use of photonic integrated circuits to achieve its objectives. Apart from this, PICs are extensively utilized in data centers and telecommunications industries. Moreover, careful cost management techniques adopted by the key players in strong economic period and strong cost management methods by the participants during economic downturn will impact the industry value over the forecast period.

The key players leveraging Photonic Integrated Circuits (PIC) market progression and profiled in the report include:

  • Infinera Corporation

  • Finisar Corporation

  • Intel Corporation

  • Huawei Technologies Company Limited

  • Ciena Corporation

This report segments the Photonic Integrated Circuits (PIC) market as follows:

Global Photonic Integrated Circuits (PIC) Market: By Integration Type Segment Analysis

  • Monolithic Integration

  • Module Integration

  • Hybrid Integration

Global Photonic Integrated Circuits (PIC) Market: By Raw Material Segment Analysis

  • Indium Phosphide

  • Lithium Niobate

  • Gallium Arsenide

  • Silicon-on-Insulator

  • Others

Global Photonic Integrated Circuits (PIC) Market: By Component Segment Analysis

  • Lasers

  • Optical Amplifiers

  • Modulators

  • Multiplexers/De-Multiplexers

  • Attenuators

  • Detectors

Global Photonic Integrated Circuits (PIC) Market: By Application Segment Analysis

  • Optical Communication

  • Biophotonics

  • Optical Signal Processing

  • Sensing

Global Photonic Integrated Circuits (PIC) Market: By Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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