According to Stratistics MRC, the Global Photonic Integrated Circuit (IC) market is estimated at $ 480.99 million in 2016 and is expected to reach $ 3227.31 million by 2023 growing at a CAGR of 31.3% from 2016 to 2023. Increase in level of integration and decrease in size of the devices are the key factors fueling the market growth.
Low level of digitalization is major restraining factor for the market. Demand for Photonic technology is major opportunity for the market.
Request Sample Copy of Research Report @ http://orbisresearch.com/contacts/request-sample/2108180
By Application, Optical Communications segment is projected to dominate the market due to their cost-effectives and using them as an alternative to data transmission. Increase in demand for PICs in multiplexers and DE multiplexers, lasers, modulators, and optical amplifiers are expected to drive the market.
North America acquires the largest market in PIC market, due to application of optical fiber communications especially in data centers and WAN. However, APAC is the largest player in the access network application of optical fiber communications right now.
Make an Enquiry @ http://orbisresearch.com/contacts/enquiry-before-buying/2108180
Some of the key players in Photonic Integrated Circuit (IC) market include Emcore Corporation, Ciena Corporation, Avago Technologies, Intel Corporation, Cyoptics, Aifotec Ag, Enablence Technologies, Agilent Technologies, Infinera Corporation, Hewlett-Packard, Finisar Corporation , Kaiam Corporation, Jds Uniphase Corporation, Alcatel-Lucent, Oclaro, Neophotonics Corporation, Luxtera, Te Connectivity, Onechip Photonics and Kotura.
Raw Materials Covered:
Other Raw Materials
Optical Fiber Sensor
Optical Signal Processing
Optical Fiber Communications
Types of Integration Covered:
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Photonic Integrated Circuit (IC) Market, By Raw Materials
6 Global Photonic Integrated Circuit (IC) Market, By Components
7 Global Photonic Integrated Circuit (IC) Market, By Application
8 Global Photonic Integrated Circuit (IC) Market, By Type of Integration
9 Global Photonic Integrated Circuit (IC) Market, By Geography
10 Key Developments
11 Company Profiling
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.
Senior Manager – Client Engagements
4144N Central Expressway,
Suite 600, Dallas,
Texas – 75204, U.S.A.
Phone No.: +1 (214) 884-6817; +9164101019