Global $3.22 Billion Photonic Integrated Circuit (IC) Market Outlook to 2023 - ResearchAndMarkets.com

DUBLIN--()--The "Photonic Integrated Circuit (IC) - Global Market Outlook (2017-2023)" report has been added to ResearchAndMarkets.com's offering.

The Global Photonic Integrated Circuit (IC) market was estimated at $480.99 million in 2016 and is expected to reach $ 3,227.31 million by 2023 growing at a CAGR of 31.3% from 2016 to 2023.

Increase in level of integration and decrease in size of the devices are the key factors fueling the market growth. Low level of digitalization is major restraining factor for the market. Demand for Photonic technology is major opportunity for the market.

By Application, Optical Communications segment is projected to dominate the market due to their cost effectiveness and using them as an alternative to data transmission. Increase in demand for PICs in multiplexers and DE multiplexers, lasers, modulators, and optical amplifiers are expected to drive the market.

North America acquires the largest market in PIC market, due to application of optical fiber communications especially in data centers and WAN. However, APAC is the largest player in the access network application of optical fiber communications right now.

Companies Mentioned

  • Emcore Corporation
  • Ciena Corporation
  • Avago Technologies
  • Intel Corporation
  • Cyoptics
  • Aifotec Ag
  • Enablence Technologies
  • Agilent Technologies
  • Infinera Corporation
  • Hewlett-Packard
  • Finisar Corporation
  • Kaiam Corporation
  • Jds Uniphase Corporation
  • Alcatel-Lucent
  • Oclaro
  • Neophotonics Corporation
  • Luxtera
  • Te Connectivity
  • Onechip Photonics
  • Kotura

For more information about this report visit https://www.researchandmarkets.com/research/s32l3g/global_3_22?w=4

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Related Topics: Semiconductor

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Semiconductor