Researchers Predict Continuing PIC Market Expansion
Orbis Research has announced its latest 'Hybrid Photonic Integrated Circuit Market' report is now available. The report projects continued growth in the photonic integrated circuit (PIC) sector, with data centre expansion leading the charge; growth is projected across APAC, North America and Europe with expansion continuing through the report's subject period: 2018-2023.
The report indicates that the global hybrid photonic integrated circuit market is expected to register a CAGR of 38.47 percent over the forecast period. The report examines the applications of hybrid photonic integration across industries, while the regions considered in the scope of the report include North America, Europe, and APAC.
Researchers indicate that the photonic integrated circuits market is growing because of the significant improvements that PICS offer in terms of 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, hybrid photonic integrated circuits are cost-effective, with lower fabrication costs compared to legacy technologies. 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.
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 percent 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. The report details major companies serving the market including: Infinera Corporation, NeoPhotonics, Huawei Global, OneChip Photonics, Intel, Avago Technologies, Oclaro Inc, JDS Uniphase Inc. and Ciena.
For information about the report and to download a sample, visit the company website at this address: http://orbisresearch.com/contacts/request-sample/2128334?utm_source=r0h!t