Hybrid photonic integrated circuit market is expected to grow at a significant CAGR during the forecast period. Photonic integrated circuits (PIC) allow advanced optical systems to be combined into a small footprint. Silicon photonics, in particular, enables high-density integration, allowing for the development of completely new, energy-efficient system concepts.
Data centres and WAN applications of fibre optic communication are driving demand for photonic integrated circuits (PIC)-based devices. For instance, Ciena Corp. unveiled the Wave Logic 5 Extreme system in February 2019, which is capable of transferring 800 gigabits of data per second across 200 kilometres of optical fibre using a single wavelength of light.
Data centres are being forced to grow rapidly due to the Internet of Things (IoT), cloud, streaming video, 5G, among other developments. Annual data centre internet protocol traffic is anticipated to exceed 20 Zettabytes (or 20×1021 bytes) by 2021, according to the Cisco Global Cloud Index. The rising demand for high-speed data transmission has boosted cloud computing data traffic, and the rapid adoption of IoT has generated a potentially growing photonic integrated circuit market globally.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Component
- By Application
- Competitive Landscape- Koninklijke Philips N.V., SCHOTT NYC, Shin-Etsu Chemical Co., Ltd., NIKON CORP., and HOYA Corp., among others.
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Hybrid Photonic Integrated Circuit Market by Segments
By Component
- Lasers
- Modulators
- Photo Detectors
- Attenuators
- Optical Amplifiers
By Application
- Optical Fiber Communication
- Optical Fiber Sensor, Biomedical
- Quantum Computing
Hybrid Photonic Integrated Circuit Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
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