Photonic Ic (Hybrid Integration, Monolithic Integration, and Module Integration) Market Size, Share, Growth, Trends and Forecast to 2022: Acute Market Reports

Photonic integrated circuit is a equipment that combines numerous photonic operations into a single optical package. Unlike electronic integrated circuits that makes use of electrons as information carriers and photonic integrated circuits make use of photons. Since photons travel with the same speed as the speed with which light travels and so they are able to transfer information at greater speed than speed of electrons. Enhanced demand for high data speed and communication ability, generally in applications of data centers have resulted in significant growth of the photonic IC market globally. The global photonic IC market sector was evaluated at 191 million US dollars in year 2013 and is predicted to touch the revenue of 1300 million US dollars by the end of year 2022 growing at a CAGR rate of 26% during the forecasted period.

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The global photonic IC market is emerging at an exceptional rate as it offers significant enhancements in energy consumption, system size, costs and reliability. The growth and expansion of the silicon photonics technique has helped in large scale production of photonic integrated circuits at lesser costs. Also substantial advantages provided by photonic integrated circuits in terms of efficacy, speed transfer ,volume, transmission capability, use of power and costs is predicted to enhance and increase their acceptance as well as market penetration across different end use business verticals like telecommunications, healthcare, metrology, aerospace, data communications, industrial and defense. However, the packaging threats as well as the issues of design related with the photonic integration and lack of digitization have to some extent inhibited the extensive acceptance of photonic integrated circuits. But the utilization of photons to provide high speed data or information transfer and data processing for purpose of computations offers a...