Photonic ICs (PIC) Market to 2025
Ongoing limitation of electronic ICs in search of adding more transistors over a single silicon substrate has pressured
the industry to invent a substitute. Furthermore, existing principal players have developed monolithically combined
InP-based photonic ICs that assimilates more than 600 components/utilities in a single chip. As a result, there is an
enormous competition in the marketplace as every single player is aiming at inventing photonic IC-based products
which would be capable of integrating large quantities of functions/utilities at low cost. Budget and magnitude
saving accomplished by integrating diverse optical modules, including modulators, detectors, and lasers, into a
single package is the key focus area for the players within the photonic ICs market. Rising demands for high speed
communication combined with developing application zones, specifically in the arena of sensing, optical
communications, and biophotonics have powered the progress of the global photonic ICs market. In addition, high
power efficiency, inexpensive fabrication, improved reliability, and high data transfer rates offered by photonic ICs
are factors which are expected to propel this market. The use of photons for the drive of offering high-speed
information processing, computation, and data transmission offers a sound prospect intended for the development
of photonic ICs market.
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