News Article
PIC market to top $1.5 billion by 2022
These devices, many based on indium phosphide (InP) and gallium arsenide (GaAs) technology, have changed the dynamics of the optical network industry
According to a new MarketsandMarkets publication, the total market is expected to reach almost $1,55 billion by 2022, at a CAGR of 26.3 percent.
Photonic integrated circuits (PICs) are also known as planar light wave circuits or integrated optoelectronic devices.
The technology has revolutionised the optical network industry. Its ability to process large amount of data at huge speeds makes it an important contributor in enhancing the transmission capacity of optical fibre communications.
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.
Currently, 500 Gbps PICs have been developed to deliver high-capacity transmission while optimising power, cooling, space and operational simplicity. PICs are being developed for other applications like optical sensors, quantum computing and biomedical.
Quantum computing is forecasted to be commercialised by 2017. It will take the market by storm from the moment it gets launched. It is predicted to grow at a phenomenal rate of 139.6 percent from 2017 to 2022.
The emergence of silicon photonics has also changed market dynamics as it has enabled large scale production of PICs at low cost.
At the moment, the market leaders are developing medium and large PICs capable of incorporating 100-1000 components/functions in a single InP based monolithic substrate.
There are various types of integration techniques used to fabricate PICs, which include integration techniques such as module, hybrid and monolithic. The raw materials consist of InP and GaAs, lithium niobate, silica on silicon and silicon on Insulator.
Presently North America is the biggest market for PICs followed by Europe and APAC. However APAC is anticipated to emerge as the market leader by 2022 because of the prolific growth of datacentres and access network in that region.
The report from MarketsandMarkets, which describes the subject in more detail is, "Global Photonic Integrated Circuit (Ic) & Quantum Computing Market (2012 - 2022) by Application [Optical Fiber Communication and Sensors, Biomedical], Integration [Hybrid, Module and Monolithic], Components, Raw Materials and Geography.”]
Photonic integrated circuits (PICs) are also known as planar light wave circuits or integrated optoelectronic devices.
The technology has revolutionised the optical network industry. Its ability to process large amount of data at huge speeds makes it an important contributor in enhancing the transmission capacity of optical fibre communications.
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.
Currently, 500 Gbps PICs have been developed to deliver high-capacity transmission while optimising power, cooling, space and operational simplicity. PICs are being developed for other applications like optical sensors, quantum computing and biomedical.
Quantum computing is forecasted to be commercialised by 2017. It will take the market by storm from the moment it gets launched. It is predicted to grow at a phenomenal rate of 139.6 percent from 2017 to 2022.
The emergence of silicon photonics has also changed market dynamics as it has enabled large scale production of PICs at low cost.
At the moment, the market leaders are developing medium and large PICs capable of incorporating 100-1000 components/functions in a single InP based monolithic substrate.
There are various types of integration techniques used to fabricate PICs, which include integration techniques such as module, hybrid and monolithic. The raw materials consist of InP and GaAs, lithium niobate, silica on silicon and silicon on Insulator.
Presently North America is the biggest market for PICs followed by Europe and APAC. However APAC is anticipated to emerge as the market leader by 2022 because of the prolific growth of datacentres and access network in that region.
The report from MarketsandMarkets, which describes the subject in more detail is, "Global Photonic Integrated Circuit (Ic) & Quantum Computing Market (2012 - 2022) by Application [Optical Fiber Communication and Sensors, Biomedical], Integration [Hybrid, Module and Monolithic], Components, Raw Materials and Geography.”]
