Photonic Integrated Circuit Market Opportunities and Future Scope

The total market worth $1,547.6 million by 2022, at a CAGR of 26.3% As per the new market research report “Photonic Integrated Circuit (IC) & Quantum Computing Market (2012 – 2022): By Application (Optical Fiber Communication, Optical Fiber Sensors, Biomedical); Components (Lasers, Attenuators); Raw Materials (Silica on Silicon, Silicon on Insulator)” published by MarketsandMarkets (www.marketsandmarkets.com).This report also deals with all the driving factors, restraints, and opportunities with respect to the PIC market, which are helpful in identifying trends and key success factors for the industry. It also profiles companies active in the field of PIC technology.

Source : www.circuitstoday.com

 
Photonic integrated circuit (PIC) is an innovative technology which 

1. simplifies the optical system design, 
2. reduces the size, power consumption and also 
3. improves reliability. 
4. is conceptually very similar to an electronic IC. 
5. is on the edge of computing with the advent of smaller, not expensive optical interconnects, covering fields from communications and security to biomedicine and entertainment.  

Source : www.research.a-star.edu.sg

A photonic integrated circuit (PIC) or integrated optical circuit is a device that integrates multiple (at least two) photonic functions and as such is analogous to an electronic integrated circuit. Photonic integrated circuit is a ground breaking technology that has revolutionized the optical network industry.Optical fiber communication is the major application of photonic integrated circuit.The major difference between the two is that a photonic integrated circuit provides functionality for information signals imposed on optical wavelengths typically in the visible spectrum. Its ability to process large amount of data at huge speeds makes it an important contributor in enhancing the transmission capacity of optical fiber communications.Indium Phosphide is one of the major raw materials used in photonic ICs

The sensing photonic integrated circuit is powered by fiber or free space enabling applications requiring wireless operation of the sensing-PIC, as in wind turbines, airplane propellers or rotor blades of helicopters.PICs have changed the dynamics of the optical network industry by increasing optical performance and reliability while reducing physical size, power consumption and heat dissipation.The most commercially utilized material platform for photonic integrated circuits is indium phosphide, which allows for the integration of various optically active and passive functions on the same chip.

Source: MarketsandMarkets Analysis

Presently North America is the biggest market for photonic integrated circuit followed by Europe and APAC.Some of the major players in the PIC market are Infinera (U.S.), Alcatel Liucent (U.S.), Neophotonics (U.S.), JDSU (U.S.) Kotura (U.S.), and etc.