Photonic Integrated Circuit (IC) Market Analysis By Component (Lasers, MUX/DEMUX, Optical Amplifiers, Modulators, Attenuators, and Detectors), Integration (Monolithic, Hybrid, and Module), Raw Material (Indium Phosphide, Silica-on-Silicon, Silicon, Gallium Arsenide, and Others), Application (Optical Communication, Sensing, Biophotonics, and Optical Signal Processing) And Segment Forecasts To 2024

Published: Aug, 2016 | Pages: 75 | Publisher: Grand View Research
Industry: Semiconductors | Report Format: Electronic (PDF)

The photonic IC market is expected to reach USD 3.54 billion by 2024 according to a new report by Grand View Research, Inc. Photonic IC is an integrated circuit that uses optical wavelength as an information signal and provides multiple integrated photonic functions. Photonic IC, as such, is similar to an electronic IC and can be a viable replacement for it as well as for the copper-based wired transmission. Photonic IC forms an integral part of lasers, optical amplifiers, modulators, and MUX/DEMUX components, which are extensively used in the optical signal processing, optical communication, biophotonics, and sensing applications. The growing demand for sensing and optical devices are expected to fuel the growth of the photonic IC market.

There is an increasing need for cost effective, power efficient, and compact PICs which would further propel the photonic IC market over the forecast period across the mobile broadband Internet access, high-performance computing, datacenter, and enterprise networking, along with metro and long haul data communications, among many others. The increasing adoption of the high-level integrated PICs and application-specific PICs would boost the photonic IC market to strive for greater functionality and new product development across a number of verticals.

The photonic IC market is anticipated to grow substantially due to the continuous technological advancements and the evolving end-user demands. The laser, optical amplifier, and MUX/DEMUX component segments possess enormous growing opportunities, owing to the ability of photonic ICs to incorporate new optical functionalities that can be embedded on a single chip to achieve high efficiency and compactness.

The increasing demand for the optical communication and sensing applications is driving the growth of photonic ICs around the globe with an efficient management of datacenters and long haul networks providing a thriving market for them. Moreover, with the advancements in quantum computing, the adoption of photonic ICs are increasing as they allow multitasking that quantum computing readily requires. Also, the growing adoption of the biophotonic application in medical devices also holds considerable growth opportunities for the photonic ICs market. On the other hand, the high bandwidth and optimum performance requirements of the telecommunication industry, data storage, cloud service providers, and large business enterprises are expected to boost the optical communication and signal processing segments. This market will create many new opportunities culminating in an increased adoption of photonic ICs over the forecasted period.

Further key findings from the report suggest:

There is a growing need for higher bandwidth and greater transmission speeds across the Information and Technology (IT) industry. Photonic ICs can be incorporated into the existing products to fulfill this demand in diverse industry verticals to transmit, receive, and switch high-speed digital signals in communication networks. Progressive research and developments are being made towards the low-cost, high-performance optics to help lower the cost of the high-speed Internet access and boost the efficiency of the telecommunication networks

The growing shift towards quantum computing and machine learning, among others, requires enormous parallel computing capabilities. The optical quantum computers can perform much faster than the traditional computers in terms of multitasking, higher level of integration, and efficiency while consuming lower power. This will open new avenues for photonic IC-based computing services across a wide range of verticals.

Broadcom Limited (U.S.), Viavi Solutions, Inc. (U.S.), and NeoPhotonics Corporation (U.S.) are some of the major industry players in this domain. Other key vendors include Oclaro, Inc., Kaiam Corp, Luxtera Inc., Infinera Corp., Finisar Corporation, Ciena Corporation, and Emcore Corporation, among others.

 Table of Contents


Chapter 1 Methodology and Scope
                    1.1 Research methodology 
                    1.2 Research scope and assumptions 
                    1.3 List of data sources 
Chapter 2 Executive Summary 
                    2.1 Photonic IC - Industry snapshot and key buying criteria, 2014 - 2024 
Chapter 3 Photonic IC Industry Outlook 
                    3.1 Market segmentation 
                    3.2 Market size and growth prospects 
                    3.3 Photonic IC value chain analysis 
                    3.4 Photonic IC market dynamics 
                         3.4.1 Market driver analysis 
                               3.4.1.1 Decreased cost and reduced size 
                               3.4.1.2 Growing demand for Quantum computing 
                               3.4.1.3 Power efficiency and high level of integration 
                         3.4.2 Market restraint analysis 
                               3.4.2.1 Small wafer and lack of digitization affect the mass production 
                    3.5 Key opportunities - Prioritized 
                    3.6 Industry analysis - Porter's 
                    3.7 Photonic IC Competitor Analysis, 2016 
                         3.7.1 Photonic IC: Market Ranking 
                    3.8 Photonic IC PESTEL analysis 
Chapter 4 Photonic IC Regional Outlook 
                    4.1 Photonic IC market share by region, 2014 & 2024 
                    4.2 North America 
                         4.2.1 North America Photonic IC component market, 2014 - 2024 
                         4.2.2 North America Photonic IC integration market, 2014 - 2024 
                         4.2.3 North America Photonic IC raw material market, 2014 - 2024 
                         4.2.4 North America Photonic IC application market, 2014 - 2024 
                    4.3 Europe 
                         4.3.1 Europe Photonic IC component market, 2014 - 2024 
                         4.3.2 Europe Photonic IC integration market, 2014 - 2024 
                         4.3.3 Europe Photonic IC raw material market, 2014 - 2024 
                         4.3.4 Europe Photonic IC application market, 2014 - 2024 
                    4.4 APAC 
                         4.4.1 APAC Photonic IC component market, 2014 - 2024 
                         4.4.2 APAC Photonic IC integration market, 2014 - 2024 
                         4.4.3 APAC Photonic IC raw material market, 2014 - 2024 
                         4.4.4 APAC Photonic IC application market, 2014 - 2024 
                    4.5 RoW 
                         4.5.1 RoW Photonic IC component market, 2014 - 2024 
                         4.5.2 RoW Photonic IC integration market, 2014 - 2024 
                         4.5.3 RoW Photonic IC raw material market, 2014 - 2024 
                         4.5.4 RoW Photonic IC application market, 2014 - 2024 
Chapter 5 Competitive Landscape 
                    5.1 Avago Technologies Ltd. 
                         5.1.1 Company Overview 
                         5.1.2 Financial Performance 
                         5.1.3 Product Benchmarking 
                         5.1.4 Strategic Initiatives 
                    5.2 Ciena Corporation 
                         5.2.1 Company Overview 
                         5.2.2 Financial Performance 
                         5.2.3 Product Benchmarking 
                         5.2.4 Strategic Initiatives 
                    5.3 Emcore Corporation 
                         5.3.1 Company Overview 
                         5.3.2 Financial Performance 
                         5.3.3 Product Benchmarking 
                         5.3.4 Strategic Initiatives 
                    5.4 Finisar Corporation 
                         5.4.1 Company Overview 
                         5.4.2 Financial Performance 
                         5.4.3 Product Benchmarking 
                         5.4.4 Strategic Initiatives 
                    5.5 Infinera Corp. 
                         5.5.1 Company Overview 
                         5.5.2 Financial Performance 
                         5.5.3 Product Benchmarking 
                         5.5.4 Strategic Initiatives 
                    5.6 Kaiam Corp. 
                         5.6.1 Company Overview 
                         5.6.2 Financial Performance 
                         5.6.3 Product Benchmarking 
                         5.6.4 Strategic Initiatives 
                    5.7 Luxtera Inc. 
                         5.7.1 Company Overview 
                         5.7.2 Financial Performance 
                         5.7.3 Product Benchmarking 
                         5.7.4 Strategic Initiatives 
                    5.8 NeoPhotonics Corporation 
                         5.8.1 Company Overview 
                         5.8.2 Financial Performance 
                         5.8.3 Product Benchmarking 
                         5.8.4 Strategic Initiatives 
                    5.9 Oclaro, Inc. 
                         5.9.1 Company Overview 
                         5.9.2 Financial Performance 
                         5.9.3 Product Benchmarking 
                         5.9.4 Strategic Initiatives 
                    5.10 Viavi Solutions Inc. 
                         5.10.1 Company Overview 
                         5.10.2 Financial Performance 
                         5.10.3 Product Benchmarking 
                         5.10.4 Strategic Initiatives

List of Tables


TABLE 1 Photonic IC - Industry snapshot and key buying criteria, 2014 - 2024 
TABLE 2 Global Photonic IC market, 2014 - 2024 (USD Million) 
TABLE 3 Global Photonic IC market by region, 2014 - 2024 (USD Million) 
TABLE 4 Global Photonic IC market by component, 2014 - 2024 (USD Million) 
TABLE 5 Global Photonic IC market by integration, 2014 - 2024 (USD Million) 
TABLE 6 Global Photonic IC market by raw material, 2014 - 2024 (USD Million) 
TABLE 7 Global Photonic IC market by application, 2014 - 2024 (USD Million) 
TABLE 8 Photonic IC market - Key market driver impact 
TABLE 9 Neuromorphic Computing- Key market restraint impact 
TABLE 10 Photonic IC System: Market Ranking Analysis, 2016 
TABLE 11 North America Photonic IC market, 2014 - 2024 (USD Million) 
TABLE 12 North America market size by component, 2014 - 2024 (USD Million) 
TABLE 13 North America market size by integration, 2014 - 2024 (USD Million) 
TABLE 14 North America market size by raw material, 2014 - 2024 (USD Million) 
TABLE 15 North America market size by application, 2014 - 2024 (USD Million) 
TABLE 16 Europe Photonic IC market, 2014 - 2024 (USD Million) 
TABLE 17 Europe market size by component, 2014 - 2024 (USD Million) 
TABLE 18 Europe market size by integration, 2014 - 2024 (USD Million) 
TABLE 19 Europe market size by raw material, 2014 - 2024 (USD Million) 
TABLE 20 Europe market size by application, 2014 - 2024 (USD Million) 
TABLE 21 APAC Photonic IC market, 2014 - 2024 (USD Million) 
TABLE 22 APAC market size by component, 2014 - 2024 (USD Million) 
TABLE 23 APAC market size by integration, 2014 - 2024 (USD Million) 
TABLE 24 APAC market size by raw material, 2014 - 2024 (USD Million) 
TABLE 25 APAC market size by application, 2014 - 2024 (USD Million) 
TABLE 26 RoW Photonic IC market, 2014 - 2024 (USD Million) 
TABLE 27 RoW market size by component, 2014 - 2024 (USD Million) 
TABLE 28 RoW market size by integration, 2014 - 2024 (USD Million) 
TABLE 29 RoW market size by raw material, 2014 - 2024 (USD Million) 
TABLE 30 RoW market size by application, 2014 - 2024 (USD Million)