#PhotonicIntegratedCircuit

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Global Photonic Integrated Circuits Market

Photonic integrated circuits (PIC) are circuits that carry information by using photons in the visible or near-infrared spectrum of light. It controls computer systems and store large amounts of information. The most common applications of PIC include information processing, data storage, communication, and entertainment applications. Photonic integrated circuits (PIC) have ability to process information and are produced from different materials such as Gallium Arsenide (GaAS), silicon, Indium Phosphide (InP), and Lithium Niobate (LiNbO3)

Growing miniaturization of devices is a prime factor fueling the market growth of the photonic IC. These circuits offer high-speed data transmission due to which they are gaining huge demand from aerospace, industrial, and telecommunication, utilities, and energy sectors which is again propelling the market growth. Also, the growing demand for efficient and high-speed data transmission across data centers is further escalating the market growth of the photonic IC. The growing need for photonic IC from the telecommunication industry along with the rise in the number of cloud services providers is expected to bring bright market opportunities over the forecast period.

From the geographical perspective, the Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the high presence of the telecommunication industry in the region. India is the world’s second-largest telecommunications market with a subscriber base of 1.16 billion and has registered strong growth in the last decade. India witnesses an increase in total internet users to reach 636.73 million in 2019. The internet subscribers reached 687.62 million by September 2019.

Key developments:

1.      In June 2020, KVH Industries, Inc., announced the launch of P-1775 inertial measurement unit (IMU) featuring KVH’s new PIC InsideTM photonic integrated chip (PIC) technology.  The product features an integrated planar optical chip that simplifies production while maintaining or improving accuracy and performance.

2.      In May 2019, Luna Innovations has launched the Luna 6415, the first product in the next generation of high-performance, high-resolution analyzers for photonic integrated circuits (PICs) and silicon photonics.

3.      In October 2020, PIXAPP has introduced two new prototype packaging platforms to enable the early-stage testing and evaluation of integrated photonic devices.

4.      In March 2020, SiFotonics Technologies Co., Ltd, a global provider of silicon photonics device and integrated circuits, announced that has showcased its portfolio of advanced silicon photonics products at OFC 2020 conference and exhibition.

5.      In march 2020, Ranovus Inc., a provider of multi-terabit interconnect solutions for data center and communications networks, announced the launch of its Single Chip Odin Silicon Photonic Engine to Support ML/AI Workloads