Apr 21, 2021 (The Expresswire) -- Global “ Hybrid Photonic Integrated Circuit Market ” research report 2021 analyzed in detail all the vital data to frame tactical business judgments and propose strategic growth plans. The Hybrid Photonic Integrated Circuit market growth is expected to register a CAGR of 38.47% during the forecast period.This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures. Also report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The report gives - Who are the global key players in this Hybrid Photonic Integrated Circuit market? What are their company profile, their product information, and contact information? What Was the Global Market Status of Hybrid Photonic Integrated Circuit Market? What Was Capacity, Production Value, Cost and PROFIT of Hybrid Photonic Integrated Circuit Market?
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Short Description About Hybrid Photonic Integrated Circuit Market 2021:
The global hybrid photonic integrated circuit market is expected to register a CAGR of 38.47% over the forecast period.The scope of the report is limited to the applications of hybrid photonic integration across industries, while the regions considered in the scope of the report include North America, Europe, and various others.
Photonic Integrated Circuit (PIC) technology is widely used to transfer huge amounts of data at a very high speed and find application in the field of optical fiber communications. The photonic integrated circuits market is growing as they provide significant improvements in system size, power consumption, reliability, and cost. Based on the type of integration, the photonic integrated circuit market is segmented into hybrid and monolithic. Hybrid photonic integration allows for selecting individual components from the respective best-suited material platform and for assembling them in a common motherboard. It is an advantage that numerous integrated optic devices will combine.
Owing to the high freedom of device performance and yield optimization, the hybrid photonic integrated circuits are highly cost-effective, and fabrication costs are also less. Due to these reasons, the hybrid photonic integrated circuits are expected to gain demand during the forecast period. The wide range applications of hybrid photonic integrated circuits in high-end computing, servers and data centres, military and aerospace, and medical devices, along with tablets, smartphones, and gaming devices drive the hybrid photonic integrated circuit technology in the market. However, if the application demands several functions to be integrated into space smaller than a couple of mm2, other integration technologies may be more appropriate.
Data Centres to Fuel the Market
At present, North America has the largest market for PIC-based products, especially in data centres and WAN applications. It is estimated that energy accounts for about 40% of the budget dedicated to data centres. Therefore, data centres are expected to increase their energy efficiency as a cost-saving measure. This also means that data centres would have a huge demand for such integrated circuits, going forward.
APAC is the largest player in the access network application is expected to maintain the growth trajectory during the forecast period in the light of the increased need for technological innovation to cater to the demands of the consumers. Major players in the market are focusing on large network equipment and optical module companies and data centre operators as a part of their growth strategy due to their important positions in high speed and related communications networks markets. This also adds to the growth of hybrid photonic integrated circuits market.
Major Players - INFINERA CORPORATION, NEOPHOTONICS, HUAWEI GLOBAL, ONECHIP PHOTONICS, INTEL, AVAGO TECHNOLOGIES, OCLARO INC, JDS UNIPHASE INC., AND CIENA amongst others.
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The global Hybrid Photonic Integrated Circuit market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.
Hybrid Photonic Integrated Circuit Market Report covers the Top Key-players 2021:-
With tables and figures helping analyze the worldwide Global Hybrid Photonic Integrated Circuit market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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The Global Hybrid Photonic Integrated Circuit market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
This Hybrid Photonic Integrated Circuit Market Research/analysis Report Contains Answers to your following Questions
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