Photonic Integrated Circuits [PIC] Market Recent Trends, In-depth Analysis, Size and Forecast To 2027

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The global Photonic Integrated Circuits [PIC] market gathered revenue around USD 7.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 21.9% during the prediction period 2021 to 2027. The global photonic integrated circuits (PIC) market is broadly affected by several factors, including usage of photonic integrated circuits (PIC) in the optical communication sector and increasing application in the biophotonics sector. Thus, expanding applications of photonic integrated circuits (PIC) in different sectors is propelling the global market for photonic integrated circuits (PIC).

Photons are capable of travelling at the speed of light and moving through various materials without any loss. Integrated photonics may feature a very high frequency range to allow high data throughput in an energy efficient manner. The use of photonics for transmitting signals over optical low-loss fiber transmission lines provides option to replace traditional coaxial cables used by telecommunication systems.

Investments in optical network infrastructures are therefore witnessing robust gains. In addition to telecommunication service providers and MNOs, even companies are rapidly shifting to fibre-optic enabled enterprise networks to handle ever-increasing big data loads and leverage benefits of technologies like IoT, cloud and artificial intelligence.

The industry is witnessing a shift from Passive Optical Networks (PON) technology to Active Optical Network (AON). PON technology utilizes optical splitters to separate light signals of different wavelengths as they are transmitted through the network. AON, on the other hand, utilizes electrical switching equipment like routers, switch aggregator, amplifiers and repeaters, for signal distribution, management and delivery.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Photonic Integrated Circuits [PIC] Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Photonic Integrated Circuits [PIC] market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The report includes thorough compilation of the quantitative analysis of the industry for the period of 7 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the key segments of the industry. This analysis sheds light in the current trends and opportunities in the global Photonic Integrated Circuits [PIC] market.

Highlights of the Report:

In-depth analysis of various insights, namely, Photonic Integrated Circuits [PIC] Market trends, growth drivers, opportunities, and other related challenges.

Comprehensive details of key market players, their core competencies, and Photonic Integrated Circuits [PIC] Market share.

The potency of suppliers and buyers to make better business decisions.

Lists out the market size in terms of volume.

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Competitive Analysis

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Photonic Integrated Circuits [PIC] market are included as given below:

Significant Market Participants Operational in the Photonic Integrated Circuits [PIC] Market are:

the global photonic integrated circuits (PIC) market are Agilent Technologies, Broadcom, Ciena Corporation, Enablence, II-VI Inc., Hewlett Packard, Huawei Technologies Co., Ltd., Infinera Corporation, Intel Corporation, Broadex Technologies Co., Ltd., Cisco Systems, Inc., MACOM, Mellanox Technologies, NeoPhotonics Corporation, Oclaro, Inc., TE Connectivity, Uniphase Inc., and VLC Photonics S.L.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global Photonic Integrated Circuits (PIC) Market: Segmentation

Photonic Integrated Circuits (PIC) Market, by Integration Type

  • Monolithic Integration
  • Hybrid Integration
  • Module Integration

Photonic Integrated Circuits (PIC) Market, by Raw Material

  • Indium Phosphide
  • Gallium Arsenide
  • Lithium Niobate
  • Silicon
  • Silicon-on-Insulator
  • Others

Photonic Integrated Circuits (PIC) Market, by Component

  • Lasers
  • Modulators
  • Detectors
  • Attenuators
  • Multiplexers/De-multiplexers
  • Optical Amplifiers

Photonic Integrated Circuits (PIC) Market, by Application

  • Optical Communication
    • FTTx and Access Network
    • Microwave/RF Photonics
    • Long-haul and Transport Networks
    • Optical Datacom
  • Sensing
    • Structural Engineering
    • Chemical Sensors
    • Transport and Aerospace
    • Energy and Utilities
  • Optical Signal Processing
    • Optical Metrology
    • Optical Instrumentation
    • Quantum Optical
    • Quantum Computing
  • Biophotonics
    • Medical Instrumentation
    • Photonic Lab-on-a-Chip
    • Analytics and Diagnostics
    • Optical Biosensors

The regional segmentation covers:

-North America Region (U.S., Canada, Mexico)

-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

-South America Region (Brazil, Argentina, Columbia, Rest of South America)

-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

COVID-19 Impact on Photonic Integrated Circuits [PIC] Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Photonic Integrated Circuits [PIC] market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Photonic Integrated Circuits [PIC] market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Emerging Nations to Continue Attracting Investments :

The expansion of various industries across India, China, Brazil, and other emerging countries will help the Photonic Integrated Circuits [PIC] market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.

Expansion initiatives undertaken by various countries will aid the growth of the Photonic Integrated Circuits [PIC] market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the Photonic Integrated Circuits [PIC] market.

Key Points of the Global Photonic Integrated Circuits [PIC] Market Report:

The report provides a basic overview of the Photonic Integrated Circuits [PIC] industry including its definition, applications, and manufacturing technology.

The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to 2027 year along with the market shares for each company.

Through the statistical analysis, the study depicts the global market for Photonic Integrated Circuits [PIC] including capacity, production, production value, cost/profit, and supply/demand from an international perspective.

Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.

The report then estimates the market development and trends of the Photonic Integrated Circuits [PIC] industry up to 2027.

The report hints at crucial information associated with new market developments being undertaken in the Photonic Integrated Circuits [PIC] industry before evaluating its feasibility.

Reasons to Purchase this Report:

  • Estimates Photonic Integrated Circuits [PIC] development trends with SWOT analysis
  • Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
  • Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
  • Market dynamics scenario, along with growth opportunities for players in the years to come
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

Final Report will add the analysis of the impact of COVID-19 on this industry.

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