According
to a new market report published by Transparency Market Research
“Photonic IC Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 - 2022,” the photonic ic market
was valued at US$0.19 bn in 2013, and is expected to reach US$1.3 bn
by 2022, expanding at a CAGR of 25.3% from 2015 to 2022.
Browse
the full Photonic IC (Hybrid Integration, Monolithic Integration, and
Module Integration) Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2015 – 2022 report at
http://www.transparencymarketresearch.com/photonic-integrated-circuit.html
Cost and size reduction achieved by integrating different optical
components, including detectors, modulators, and lasers, into a
single distinct package is the major factor driving the photonic IC
market. In addition, benefits offered in terms of efficiency,
transfer speed, transmission capacity, and power consumption have
ensured market penetration into varied end-use verticals such as
metrology, aerospace and defense, healthcare, telecommunication,
industrial, and data communication. Lack of digitization, coupled
with design and packaging challenges related with the photonic
integration, have inhibited the swift growth of photonic ICs.
Commercialization of quantum computing (expected by 2018) is
predicted to offer tremendous growth opportunities for the photonic
IC market.
photonic-integrated-circuit
Three
integration techniques deployed in photonic ICs include hybrid
integration, monolithic integration, and module integration. Hybrid
integration was the major integration technique used for photonic
integration, accounting for 56.8% of the global market revenue in
2013. Although it is expected to remain the major integration
technique over the forecast period, monolithic integration is
expected to exhibit the maximum growth, growing at a CAGR of 26.5%
during 2015–2022. On the other hand, the module integration
technique is expected to witness a fall in the revenues owing to its
inferior integration capabilities as compared to hybrid and
monolithic integration techniques.
Indium
phosphide and Silicon-on-Insulator collectively accounted for over
half (60.9%) of the global market revenue in 2013. The dominance of
indium phosphide is majorly on account of its ability to integrate
opto-electronic functions into an optical system chip monolithically.
In addition, the benefits offered in terms of size, speed, energy
efficiency, and cost of fabrication and packaging have further
ensured its dominance. Among different PIC components, lasers
accounted for the majority of revenue share (29.3%) in the global
photonic IC market in 2013. Optical amplifiers, which help in
realizing high-level photonic integration by compensating for optical
losses from individual photonic elements is expected to exhibit
maximum growth, expanding at a CAGR of 26.6% over the forecast period
from 2015 to 2022.
Optical
communications was the largest application segment in the photonic IC
market, accounting for over half (58.6%) of the market revenue. It is
expected to remain the largest application segment over the forecast
period as a result of increasing demand from data center
applications. Currently, sensing and biophotonics are the other major
application segments, collectively accounting for around one-third
(35.5%) of the global photonic IC market revenue. Although the
current contribution from optical signal processing segment is the
least, it is expected to witness healthy growth post
commercialization of quantum computing.
North
America was the largest photonic IC market 2013, followed by Europe
and Asia Pacific. Although North America is expected to remain the
largest photonic IC market by 2022, Asia Pacific is expected to
witness healthy growth, outpacing North America and Europe. The
growth in Asia Pacific can be majorly attributed to growing demand
from data center and biophotonics applications. The global photonic
IC market is highly fragmented and is characterized by the presence
of large number of players. Some of the leading players in the market
include Infinera Corporation (the U.S.), Alcatel-Lucent S.A.
(France), Huawei Technologies Co. Ltd (China), JDS Uniphase
Corporation (the U.S.), Avago Technologies Ltd. (Singapore), Intel
Corporation (the U.S.), and NeoPhotonics Corporation (the U.S.).
The
report studies the global PIC market, and provides estimates in terms
of revenue (US$ Mn) from 2015 to 2022. Market estimates on the basis
of integration type, raw materials, components, and application have
also been provided for each region. The market has been segmented as
follows:
Photonic
IC Market, By Integration Type
Monolithic
Integration
Hybrid
Integration
Module
Integration
Photonic
IC Market, By Raw Materials
Indium
Phosphide
Gallium
Arsenide
Lithium
Niobate
Silicon
Silicon-on-Insulator
Others
(Silica-On-Silicon, Silicon Dioxide (SiO2), Silicon Nitride (Si3Ni4))
Photonic
IC Market, By Components
Lasers
Modulators
Detectors
Attenuators
Multiplexers/De-Multiplexers
Optical
Amplifiers
Photonic
IC Market, By Application
Optical
Communication
Fttx
and Access Networks
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
Optics
Quantum
Computing
Biophotonics
Medical
Instrumentation
Photonic
Lab-On-A-Chip
Analytics
and Diagnostics
Optical
Biosensors
Photonic
IC Market, By Geography:
North
America
Europe
Asia
Pacific
Rest
of the World (Latin America, Middle East and Africa)
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