Photonic Integrated Circuit Market Analysis 2013 - 2019

Transparency Market Research

Single User License: Photonic Integrated USD 4795 Circuit Market - Global Multi User License: Industry Analysis, Size, USD 7795 Share, Growth, Trends and Forecast, 2013 - 2019 Corporate User License:

USD 10795

Published Date June-2014 Buy Now

131 Page Report

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Press Release Photonic IC Market is Expected to Reach USD 996.2 Million in 2019: Transparency Market Research

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Photonic Integrated Circuit Market

REPORT DESCRIPTION

According to a new market report published by Transparency Market Research "Photonic IC Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the market was valued at USD 160.1 million in 2012, which is expected to reach USD 996.2 million by 2019, growing at a CAGR of 31.3% from 2013 to 2019. Browse Photonic IC Market Report with full TOC at http://www.transparencymarketresearch.com/photonic-integrated-circuit.html Cost reduction achieved by integrating different optical components such as lasers, detectors, modulators and others into a single unique package is the major driving force for the growth of photonic integrated circuits (PIC) market. Growing application areas, especially in the field of optical communication, sensing and biophotonics coupled with improvements offered in power consumption, reliability and data transfer speed have further fueled the growth of this market. The advancements in computation power and image processing capabilities are expected to have positive impact on the growth of PIC based products in biophotonics applications. The use of photons for the purpose of computation, offering high-speed data processing and data transfer and data provides a sound opportunity for the growth of PIC market. In 2012, hybrid integration was the major...