Photonic
Integrated circuits (PIC) is a breakthrough technology as it uses photons
(smallest unit of light) as the data carrier instead of electrons (smallest
unit of electricity) used in electronic ICs. As light travels at very high
speeds, PIC technology is widely used to transfer huge amounts of data at a
very high speed. Thus the PIC based products are primarily deployed in the
field of optical fiber communications. Photonic integrated circuits market is
growing at a phenomenal rate as it provides significant improvements in system
size, power consumption, reliability and cost. The development of silicon
photonics technology has helped in large scale manufacturing of PICs at low
cost. Also current leading players have developed monolithically integrated
Indium Phosphide (InP) based PICs that can integrate more than 600
components/functions in a single chip. Thus there is a huge competition in the
market as each player is trying to innovate PIC based products which would be
able to integrate large amounts of functions/components at low cost.
Optical
sensors application is the other promising application in this market. It is
used in fields like defense, aerospace, energy, transportation, medicine and
other emerging fields. Quantum computing is another application of PICs which
is forecasted to be commercialized in 2017. This technology is expected to
completely revolutionize the computing industry. PICs are also used in
biomedical field. InP-based application specific photonic ICs are being used
for the diagnostic analysis of opaque skin tissue. The technique principally
used here is Optical Coherence Tomography (OCT) or Raman Scatterometry.
At
present North America has the largest market for PIC based products, especially
in data centers and WAN applications of optical fiber communications. However,
APAC is the largest player in the access network application of optical fiber
communications right now. North America is the leader in PIC market with 49%
market share however it is estimated that APAC will emerge as the market leader
by 2022 growing at a CAGR of 35.9% from 2012 to 2022.
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The
report covers recent developments in the PIC industry like NeoPhotonics (U.S.)
acquiring Santur Corporation (U.S.) in October 2011 and the acquisition of
Opnext (U.S.) by Oclaro(U.S.). Several other acquisitions, mergers, new product
launch, agreements etc. have taken place recently and are discussed in the
report.
The
growth of Photonic IC market is expected to be phenomenal with the revenue
growth from $150.4 million in 2012 to $1,547.6 million by 2022, at an estimated
CAGR of 26.3% from 2012 to 2022. The major players in the PICs industry are
Infinera Corporation (U.S.), NeoPhotonics Corporation (U.S.), Oclaro (U.S.),
Luxtera (U.S.), Kotura (U.S.), OneChip Photonics (CA) etc These players have
played a great role in changing the market dynamics. For example Infinera has
introduced 500 Gb/s PICs used in long haul flex coherent super channels. The
main features of this product are simplicity, scalability, efficiency and
reliability. On the other hand Neophotonics has developed an Optical Line
Terminal Transceiver using Photonic Integrated Circuit Technology which is
designed to lower the overall cost of FTTH network installation.
Scope
of the report
This
research report categorizes the global PIC market, based on integration, raw
materials and applications; it also covers the forecasted revenue from 2012 to
2022 and future applications of PIC. It describes the deployments of PIC
technology in various regions. The report describes the applications mapping of
the PIC market with respect to the growth potential and adoption by the users.
On
the basis of Integration
The
global PIC market on the basis of integration consists of module, hybrid and
monolithic PICs. The report covers the market of PICs based on these
integration techniques across North America, Europe, Asia-Pacific, and ROW.
On
the basis of Raw Materials
The
PIC market has also been segregated based on raw materials used to fabricate
PICs such as Lithium Niobate, Silica on Silicon, silicon on Insulator, Indium
Phosphide and allium Arsenide.
On
the basis of application areas
Application
areas of Photonic Integrated Circuit have been categorized into Optical Fiber
communication, optical fiber sensors, Biomedical and quantum computing. The
market trend for these applications is discussed
On
the basis of geography
Geographical
analysis covers North America, Europe, Asia-Pacific, and ROW.
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