Photonic (Integrated Circuits) IC Market is Expected to Reach USD 996.2 Million in 2019: Transparency Market Research - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

Photonic (Integrated Circuits) IC Market is Expected to Reach USD 996.2 Million in 2019: Transparency Market Research

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE http://www.transparencymarketresearch.com/

ALBANY, New York, April 29, 2014 /PRNewswire/ --

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 integration technology used in PICs, accounting for 56.3% of the global PIC market. Although hybrid integration is expected to remain the dominant integration technology, monolithic integration is expected to grow at the fastest CAGR of 36.3% from 2013 to 2019. This can be attributed to the improvements offered in reliability, space reduction, power efficiency, and stabilization processes. On the other hand, the share for module integration is expected to decrease over the forecast period owing to its inferior integration capabilities as compared to other integration technologies.

Indium Phosphide and Silicon-on-Insulator are preferred raw materials used in PICs, collectively accounted for two-third of the total revenue generated in 2012. Indium Phosphide has the ability to integrate both optical and passive functions and components. In addition, InP allows cost-effective mass production using advanced high-yield semiconductor manufacturing processes. Silicon substrates, offering ease in fabrication, and relatively low manufacturing cost are also widely used in PICs.

In terms of applications, optical communications held the highest market share, and was valued at USD 100.9 million in 2012.  It is expect to maintain its dominance over the forecast period, growing at a CAGR of 32.9%. This is attributed to growing demand for high-speed communication and rise in data center and WAN applications. In 2012, sensing and biophotonics were the other major application segments, collectively accounting for around 33% of the global PIC market. Optical signal processing application is expected to increase significantly after the commercialization of photonic computing.  

North America was the market leader in 2012, followed by Europe and Asia Pacific. Asia Pacific is expected to grow at a CAGR of 35.2% from 2013 to 2019. Increasing number of manufacturing facilities coupled with significant growth in data center applications is expected to fuel the growth in Asia Pacific. The global PIC market is highly fragmented and competitive. Major industry participants include Infinera Corporation (U.S.), Huawei Technologies Co. Ltd (China), Alcatel-Lucent (France), Avago Technologies (Singapore), JDS Uniphase Corporation (U.S.), Finisar Corporation (U.S.), and Intel Corporation (U.S.) among others.

Related & Recently Published Reports by Transparency Market Research 

The report studies the global PIC market, and provides estimates in terms of revenue (USD Million) from 2013 to 2019. Market estimates on the basis of integration type, raw materials, components and application; have also been provided for each region. The market has been segmented as follows:

Photonic IC Market, by Integration type 
Monolithic integration
Hybrid integration
Module integration
Photonic IC Market, by Raw materials 
Indium Phosphide
Gallium Arsenide
Lithium Niobate
Silicon
Silicon-on-Insulator
Others (Silica-On-Silicon, Silicon Dioxide (SiO2), Silicon Nitride (Si3Ni4))

Browse Photonic IC Market Report with full TOC at http://www.transparencymarketresearch.com/photonic-integrated-circuit.html

Photonic IC Market, by Components 
Lasers
Modulators
Detectors
Attenuators
Multiplexers/De-Multiplexers
Optical Amplifiers
Photonic IC Market, by Application 
Optical Communication
Fttx and Access networks
Microwave/RF photonics
Long-haul and Transport networks
Optical datacom
Sensing
Structural engineering
Chemical sensors
Transport and aerospace
Energy and utilities
Optical signal processing
Optical metrology
Optical instrumentation
Quantum optics
Quantum computing
Biophotonics
Medical instrumentation
Photonic Lab-On-A-Chip
Analytics and diagnostics
Optical biosensors
Photonic IC Market, by Geography: 
North America
Europe
Asia Pacific
Rest of the World (Latin America, Middle East and Africa)

Browse Semiconductor & Electronics Market Research Reports @ http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html

About Us 

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
Browse Market Research Articles: http://www.transparencymarketresearch.com/articles.htm
Browse Market Research News: http://www.transparencymarketresearch.com/press-releases.htm
Blog: http://www.tmrblog.com/

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow