Latest Report Titled On:- Global Hybrid Photonic Integrated Circuit Market – Segmented By Material (III-V and II/VI Material, Quantum Dots, Graphene, Silicon), Application, and Region – Growth, Trends, and Forecast (2018 – 2023)
Global “Hybrid Photonic Integrated Circuit Market” report provides a detailed analysis of the market from 2018 to 2023. Hybrid Photonic Integrated Circuit market report focuses on market capacity, share, current market trends and upcoming future predictions. Global Hybrid Photonic Integrated Circuit Market is expected to register a CAGR of approximately 38.47% during the forecast period of (2018 – 2023).
360 MARKET UPDATES Report provides a 360-degree overview of the global Hybrid Photonic Integrated Circuit Market with special emphasis on all aspects including CAGR Status, drivers, restraints, and opportunities, market and regional segmentation.
Hybrid Photonic Integrated Circuit Market Report Covers Leading Manufacturers: Infinera Corporation, NeoPhotonics, Huawei Global, OneChip Photonics, Intel, Avago Technologies, Oclaro Inc, JDS Uniphase Inc., Ciena
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The global hybrid photonic integrated circuit market is expected to register a CAGR of 38.47% over the forecast period (2018 – 2023).The scope of the report is limited to the applications of hybrid photonic integration across industries, while the regions considered in the scope of the report include North America, Europe, and various others.
Photonic Integrated Circuit (PIC) technology is widely used to transfer huge amounts of data at a very high speed and find application in the field of optical fiber communications. The photonic integrated circuits market is growing as they provide significant improvements in system size, power consumption, reliability, and cost. Based on the type of integration, the photonic integrated circuit market is segmented into hybrid and monolithic. Hybrid photonic integration allows for selecting individual components from the respective best-suited material platform and for assembling them in a common motherboard. It is an advantage that numerous integrated optic devices will combine.
Owing to the high freedom of device performance and yield optimization, the hybrid photonic integrated circuits are highly cost-effective, and fabrication costs are also less. Due to these reasons, the hybrid photonic integrated circuits are expected to gain demand during the forecast period (2018 – 2023). The wide range applications of hybrid photonic integrated circuits in high-end computing, servers and data centres, military and aerospace, and medical devices, along with tablets, smartphones, and gaming devices drive the hybrid photonic integrated circuit technology in the market. However, if the application demands several functions to be integrated into space smaller than a couple of mm2, other integration technologies may be more appropriate.
Data Centres to Fuel the Market
At present, North America has the largest market for PIC-based products, especially in data centres and WAN applications. It is estimated that energy accounts for about 40% of the budget dedicated to data centres. Therefore, data centres are expected to increase their energy efficiency as a cost-saving measure. This also means that data centres would have a huge demand for such integrated circuits, going forward.
APAC is the largest player in the access network application is expected to maintain the growth trajectory during the forecast period (2018 – 2023) in the light of the increased need for technological innovation to cater to the demands of the consumers. Major players in the market are focusing on large network equipment and optical module companies and data centre operators as a part of their growth strategy due to their important positions in high speed and related communications networks markets. This also adds to the growth of hybrid photonic integrated circuits market.
Major Players – INFINERA CORPORATION, NEOPHOTONICS, HUAWEI GLOBAL, ONECHIP PHOTONICS, INTEL, AVAGO TECHNOLOGIES, OCLARO INC, JDS UNIPHASE INC., AND CIENA amongst others.
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Reasons to Purchase Hybrid Photonic Integrated Circuit Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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