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Photonic Integrated Circuit & Quantum Computing Market Disrupted by Ultra-High-Speed 3D PICs

Published By: IndustryARC Published On : 21-May-2019

Before photonic technology came into existence, electronic integrated circuits which used electrons as data carriers, were used in the electronics and communication industry.. With the data center market and number of users growing, the demand for transferring bulk amounts of data at high speed has increased, which cannot be met by electronic integrated circuits. Post a great deal of research, scientists have developed Photonic Integrated Circuit (PIC), which utilizes photons as data carriers. Photons travel at the speed of light which is considerably greater than the speed of electrons. This feature facilitated PICs to transfer large amounts of data at high speeds, which fuelled its market growth. PICs can integrate a high number of components on a single chip, thereby opening the door for development of compact and small equipment. Other advantages pertaining to the use of PICs are low power consumption, reliability, lower heat dissipation, increased efficiency and minimal cost of production. The abovmentioned factors are propelling demand for the photonic integrated circuit market, as per the newly compiled market research report from IndustryARC. The report has valued the global photonic integrated circuit market at $785 million as of 2018. Furthermore, the demand is anticipated to increase at an outstanding CAGR of 28.91% during the forecast period of 2019 to 2025.

The report by IndustryARC titled, “

Photonic Integrated Circuit (IC) & Quantum computing Market: By Integration (Hybrid, Monolithic & Module); By Component (Laser, Modulator, Photo Detectors, Attenuators & Optical Amplifiers); By Raw Materials & By Application - Forecast(2018 - 2023)

”, gives a significant analysis of the prominent aspects of the market including market drivers, market value chain, restraints, growth indicators, market trends, challenges, future outlook, and market insights.

Photonic Integrated Circuit (IC) & Quantum computing Market: Leading Segments

North America held the largest share of the market with 43.81% of the total demand in 2018. Government support, increasing demand for hybrid integration technology, rising amount of data transfer, lucrative advantages offered by PICs, and technological advancements are some of the key factors that have brought forth maximum demand from North America in the photonic integrated circuit market.

Photonic integrated circuits find application in optical fiber communication, healthcare, quantum computing, quantum communication, quantum simulation and quantum metrology. Some prominent products utilizing PICs are semiconductor lasers, optical amplifiers, optical modulators, filters, lasers, detectors, and optical fiber sensors. Quantum computing excels over traditional computing owing to the faster speed of computing and factors such as increased efficiency, multi-tasking, and a high level of integration. With growing technological advancements in the quantum computing market, procurement of PICs are increasing. Resultantly, key market players have capitalized on this application segment which is anticipated to grow at an outstanding CAGR of 39.11% through to 2025.

Photonic Integrated Circuit (IC) & Quantum computing Market Disruptive Trends

v  Quantum dot lasers are disrupting the PIC market. Through use of this technology, the energy consumed by the current PICs can be decreased significantly.

v  Silicon-based PICs are gaining momentum in the present market. The fabrication process is comparably easier and a greater number of functions and components can be integrated on a single chip.

v   Ultra-high-speed 3D PICs are seeing growing demand due to their increased bandwidth, low heat dissipation, higher speed, and low power consumption with minimal cost.

v  In the near future, 5G internet will come into existence. This will increase the speed and the amount of data to be transferred, eventually driving the demand for PICs owing to their high-speed data transfer capability.

v  With the increasing number of users, data centers are relying hugely on optical transmission technologies. This, in turn, is increasing the trend for onboard PICs, and reflecting a positive impact on the photonic integrated circuit market.

Photonic Integrated Circuit (IC) & Quantum computing Market: Competitive Landscape

The “Global Photonic Integrated Circuit (IC) and Quantum Computing” market report features  prominent companies which hold majority shares including Agilent Technologies, Ciena, HP, Hamamatsu Photonics, IBM, 3S Photonics, Infera, Viavi, Broadcom, Aofptec, Alcatel-Lucent, and Neophotonics. 

Talk to one of our sales representative about the full report by providing your details in the link below:

https://industryarc.com/support.php?id= 15793


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What can you expect from the report?

The sorbitol market is prepared with the main agenda to cover the following 20 points:

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue & Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

 

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https://industryarc.com/reports/request-quote?id=15793

 

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About IndustryARC

: IndustryARC is a research and consulting firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life Sciences and Healthcare.

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