According to a new market research report “Photonic Integrated Circuit (IC) & Quantum Computing Market (2012 – 2022): By Application (Optical Fiber Communication, Optical Fiber Sensors, Biomedical); Components (Lasers, Attenuators); Raw Materials (Silica on Silicon, Silicon on Insulator)” published by, the total market is expected to reach $1,547.6 million by 2022, at a CAGR of 26.3%.
Browse 104 market data tables with 30 figures spread through 236 pages and in-depth TOC of “Photonic Integrated Circuit (IC) & Quantum Computing Market (2012 – 2022): By Application (Optical Fiber Communication, Optical Fiber Sensors, Biomedical); Components (Lasers, Attenuators); Raw Materials (Silica on Silicon, Silicon on Insulator)”.
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A photonic integrated circuit (PIC) is a technology which is analogous to electronic IC; the main difference being the use of photons as the data carrier by PIC in contrast to electrons in electronic ICs. The reason behind the momentous growth of this technology is the numerous benefits it offers, the most prominent ones being high performance, reliability, cost effectiveness, power saving capability, increased functionality and ability to transfer large data at high speed.
PIC has the largest market in the optical fiber communications applications. The fiber optic products where PICs are incorporated ranges from transmitters, transceivers, transponder modules, Bi-directional Optical Sub-Assemblies (BOSAs), AWGs, Power splitters etc. PICs are also used in optical fiber sensors, quantum computing and biomedical. Quantum computing is currently in the development phase and it is forecasted to be commercialized in the year 2017. It will completely transform the computing industry because of its ability to process large amounts of data at very high speed.
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The market segmentation revolves around the four major market parameters, namely; integration, raw materials, application, and geography. The integration techniques include module, hybrid and monolithic. The raw materials consist of Lithium Niobate, Silica on Silicon, Silicon on Insulator, Indium Phosphide and Gallium Arsenide. The geographical regions covered are North America, Europe, Asia-Pacific, and ROW.
Global PIC market is expected to reach $1,547.6 million by 2022, at an estimated CAGR of 26.3%. The growth of PIC industry is based on the growth of silicon photonics and monolithically integrated InP based PIC technology. These technologies enable large scale manufacturing of PICs which in turn decreases the cost.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the global PIC market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to North America, Europe, Asia-Pacific, and ROW.
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