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POCT Devices with Virus Receptors for COVID-19 Detection Gain Popularity

Even as the COVID-19 outbreak has subsided in many regions of the world, countries such as Spain, Saudi Arabia, the U.K., and Germany are still under the siege of the pandemic. Companies in the photonic integrated circuits (PIC) market are capitalizing on this opportunity to develop point-of-care testing (POCT) devices that facilitate quick and reliable detection of whether a patient is infected using virus receptors.

Common business challenges, including disruptions in supply of raw materials and volatile demand are affecting business activities. However, the photonic integrated circuits (PIC) market and the semiconductor industry is far from experiencing the devastating effects of the coronavirus outbreak as compared to healthcare, airlines, and hospitality industries. Many companies are seen to have sufficient inventory stocks, and are adopting the plug and play mode to manage production activities.

photonic integrated circuits (pic) market segmentation

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Hybrid Platforms Gain Prominence in Quantum Chip Applications

Apart from monolithic and module integration, companies in the photonic integrated circuits (PIC) market are unlocking revenue opportunities in hybrid integrations. Monolithic photonic platforms are required to meet stringent demands in most quantum applications. Hence, companies are innovating in hybrid platforms that combine different photonic technologies within a single functional unit to overcome the shortcomings of monolithic photonic circuits.

The photonic integrated circuits (PIC) market is predicted to expand at an explosive CAGR of ~23% during the forecast period. This is evident since companies are scaling up quantum chip innovations. MIT engineers are gaining recognition for developing a hybrid process that connects photonics with artificial atoms in order to create one of the largest quantum chip of its type.

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SOI Platforms Leverage Highly Mature Ecosystem of CMOS Technology

The photonic integrated circuits (PIC) market is estimated to surpass the revenue of US$ 7.6 Bn by the end of 2031. Silicon on insulator (SOI) is being increasingly preferred for photonics-based technological area, as SOI platforms are leveraging the highly mature ecosystem of complementary metal–oxide–semiconductor (CMOS) technology with the help of new processing techniques. The smart cut process is being highly publicized for developing engineered wafers by stacking extremely thin and uniform crystalline layers of semiconductors. This process is replacing the conventional microelectronic technology.

Companies in the photonic integrated circuits (PIC) market are benefitting with the SOI technology, since this technology is emerging as an alternative to traditional copper lines in data interconnects with submicrometer-wide silicon waveguides.

Semicon Foundries Attract Investment from Venture Capital Companies to Expand Manufacturing Capacities

Companies in the photonic integrated circuits (PIC) market are attracting investments from venture capital companies. For instance, the Netherlands-based PIC wafer foundry Smart Photonics is being backed by Amsterdam’s venture capital company Innovation industries with €35 Mn in series C venture finance. Such investments are helping companies to advance in indium phosphide (InP) epiwafers that are gaining popularity among European, the U.S., and Asian customers.

Stakeholders in the photonic integrated circuits (PIC) market are increasing efforts to gain investments from active venture capital companies to expand their semicon manufacturing capacities. They are adopting automated assembly services for developing PIC devices.

Heterogeneous Integration, Advanced Packaging Reduce Total Cost of PIC Devices

The adoption of the integrated photonics technology is hampered by high assembly costs, which contributes to more than 50% of the total device costs in electrical and optical packaging. This is hampering the expansion of the photonic integrated circuits (PIC) market. Hence, innovation centers such as the Chip Integration Technology Center (CITC) is increasing efforts to remove this barrier by collaborating with other stakeholders to facilitate heterogeneous integration and advanced packaging for PIC devices.

Innovations in indium phosphide-based PIC production are translating into business opportunities for stakeholders in the photonic integrated circuits (PIC) market. JePPIX Pilot Line, based in Eindhoven, the Netherlands, is acquiring recognition for commercialization of indium phosphide-based PIC production using Process Design Kits embedded in industry standard design environments.

photonic integrated circuits (pic) market infographic

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Analysts’ Viewpoint

Companies in the photonic integrated circuits (PIC) market are adopting contingency plans to strategize on the postponement of financial debts and technological investments during the ongoing COVID-19 situation. Non-mainstream PIC technologies are being developed using polymers, glasses, and oxides to offer new capabilities in low volume fabrication of non-standard PICs. However, the integrated photonics technology is being associated with high total cost of PIC devices. Hence, companies should gain a strong research base in heterogeneous integration and advanced packaging for PIC devices. They should adopt automated assembly services for developing PIC devices. As such, indium phosphide epiwafers are being used with proprietary process design kits to contribute to a strong and healthy photonics ecosystem.

Photonic Integrated Circuits (PIC) Market: Overview

  • According to Transparency Market Research’s latest research report on the global photonic integrated circuits (PIC) market for the historical period 2017–2019 and the forecast period 2021–2031, usage of photonic integrated circuits (PIC) in biophotonics, sensing, and optical communication sectors, and increasing application of photonic integrated circuits (PIC) in long-haul & transport networks and FTTx & access networks are factors expected to boost the global photonic integrated circuits (PIC) market during the forecast period
  • In terms of revenue, the global photonic integrated circuits (PIC) market is estimated to exceed the value of US$ 7.6 Bn by 2031, expanding at a CAGR of ~23% during the forecast period

Proliferation of Advanced Electronics in Various Industries: A Key Driver of Photonic Integrated Circuits (PIC) Market

  • Photonic integrated circuits can be designed on different platforms; however, a direct band gap semiconductor is required for effective on-chip light formation. Traditionally, the first photonics integrated circuit with lasers were realized on InP or GaAs substrates.
  • Heterogeneous silicon technology is used to produce commercial products for the data center segment and is being distributed in volume
  • Heterogeneous silicon technology has the capability to implement multiple die bonding, and it can be optimized epitaxially to ensure high-performance of photonic integrated circuits for both, sensing and communications
  • Hence, this bonding enables effective electrically pumped light formation on silicon and resolves the main issue in realizing more complex integrated photonic circuits using CMOS processes. The impact of this driver is expected to be high during the forecast period.
  • Thus, demand for photonic integrated circuits (PIC) is estimated to increase over the next few years, and major players in the photonic integrated circuits (PIC) market are utilizing the economies of scale to meet the rising demand
  • However, along with the advantages of superior bandwidth and fast communication, photonics do pose some serious concerns relating to designing and modeling of the PICs. Chip size and design complications relate to layout, error checking, and circuit modeling, and also in implementing design automation, as integration of photonic circuits and components into their electronic counterparts do not comply with the standard Electronic Design Automation (EDA) flows reliably or effectively. This is expected to restrain the growth of the photonic integrated circuits (PIC) market during the forecast period.

Increasing Consumer Demand for High Speed Communication

  • Emergence of data center cloud interconnection services, ultra-bandwidth video services, and 5G mobile network services are expected to stimulate the development of optical transport network technology
  • Growing demand for such services is driving the use of photonic integrated circuits for communication systems
  • Integration of optical components and functions into a large-scale PIC shows significant benefits when it is integrated into an optical communication system. PICs remove the limitation of optical component complexity, and allow the right engineering balance to be chosen.
  • Photonic integrated circuits help to meet the increasing demand for communication systems for the Internet, which is growing ~40% per year globally. This growth is driven mainly by increasing video traffic in the Internet network.
  • The growth is now further accelerated by mobile access, with video calls on all smartphones and tablets enabling video to be consumed more conveniently via network connections anywhere and anytime. The impact of this driver is expected to be high during the forecast period.

Photonic Integrated Circuits (PIC) Market: Competition Landscape

  • Detailed profiles of providers of photonic integrated circuits (PIC) have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the global photonic integrated circuits (PIC) market are
    • Agilent Technologies
    • Broadcom
    • Ciena Corporation
    • Enablence
    • II-VI Inc.
    • Hewlett Packard
    • Huawei Technologies Co., Ltd.
    • Infinera Corporation
    • Intel Corporation
    • Broadex Technologies Co., Ltd.
    • Cisco Systems, Inc.
    • MACOM
    • Mellanox Technologies
    • NeoPhotonics Corporation
    • Oclaro, Inc.
    • TE Connectivity
    • Uniphase Inc.
    • VLC Photonics S.L.

Photonic Integrated Circuits (PIC) Market: Key Developments

  • Key providers of photonic integrated circuits (PIC), such as Intel Corporation, Enablence, Huawei Technologies Co., Ltd., and Broadcom are focusing on the construction of cost-effective photonic integrated circuits (PIC) to attract more customers. Some other key developments in the global photonic integrated circuits (PIC) market are highlighted below:
    • At the Intel Labs virtual event in December 2020, Intel demonstrated a prototype featuring tight coupling of photonics and CMOS technologies, which could serve as a proof-of-concept of future full integration of optical photonics with core compute silicon
    • In March 2019, Enablence announced new high performance and low cost planar lightwave circuit (PLC) products for Coarse Wavelength Division Multiplexing and LAN Wavelength Division Multiplexing
    • In September 2018, Huawei Technologies Co., Ltd. unveiled the world's first 5G solution-ready commercial 7-nm chipset i.e. Kirin 980 in Berlin, Germany. The chip is considered to be among the most powerful smartphone SoCs (Systems-on-a-Chip) with artificial intelligence (AI) capabilities. The chip is meant to be used in smartphones and tablets.
    • In November 2018, Broadcom launched the industry’s first 7-nm 400G PAM-4 PHY-enabling sub-8W optical modules for use in data center and cloud infrastructures
  • In the global photonic integrated circuits (PIC) market report, we have discussed individual strategies, followed by company profiles of providers of photonic integrated circuits (PIC). The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the global photonic integrated circuits (PIC) market.

Photonic Integrated Circuits (PIC) Market – Scope of the Report

A new study on the global photonic integrated circuits (PIC) market is published by Transparency Market Research (TMR). It presents detailed information on key market dynamics, including drivers, trends, and challenges for the global photonic integrated circuits (PIC) market as well as its structure. TMR’s study offers valuable information on the global photonic integrated circuits (PIC) market in order to illustrate how the market is expected to expand during the forecast period i.e. 2021–2031.

Key indicators of market growth, which include value chain analysis and compound annual growth rate (CAGR), are elucidated in TMR’s study in a comprehensive manner. This data can help readers interpret the quantitative growth aspects of the global photonic integrated circuits (PIC) market.

An extensive analysis of business strategies adopted by leading market players is also featured in TMR’s study on the global photonic integrated circuits (PIC) market. This can help readers understand key factors responsible for growth of the global photonic integrated circuits (PIC) market. In this study, readers can also find specific data on avenues for qualitative and quantitative growth of the global photonic integrated circuits (PIC) market. This data would guide market players in making apt decisions in the near future.

Key Questions Answered in TMR’s Study on Photonic Integrated Circuits (PIC) Market

  • What would be the Y-o-Y growth trend of the global photonic integrated circuits (PIC) market between 2021 and 2031?
  • What is the influence of changing trends in the integration type segment on the global photonic integrated circuits (PIC) market?
  • Would North America continue to be the most dominant regional market for providers of photonic integrated circuits (PIC) over the next few years?
  • Which factors would hinder the global photonic integrated circuits (PIC) market during the forecast period?
  • Which are the leading companies operating in the global photonic integrated circuits (PIC) market?

Research Methodology

A unique research methodology is utilized by TMR to conduct a comprehensive research on the global photonic integrated circuits (PIC) market and arrive at conclusions on the future growth prospects for the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the conclusions drawn.

Secondary research sources referred to by analysts during production of the report on the global photonic integrated circuits (PIC) market include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and market white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to the production of TMR’s study on the global photonic integrated circuits (PIC) market as a primary research source.

These primary and secondary sources provided exclusive information during interviews, which served as a validation from leading players operating in the global photonic integrated circuits (PIC) market. Access to an extensive internal repository as well as external proprietary databases allowed this report to address specific details and questions about the global photonic integrated circuits (PIC) market with accuracy. The study also uses a top-down approach to assess the numbers for each segment and a bottom-up approach to counter-validate them. This has helped in making TMR’s estimates on future prospects for the global photonic integrated circuits (PIC) market more reliable and accurate.

Photonic Integrated Circuits (PIC) Market – Segmentation

TMR’s study on the global photonic integrated circuits (PIC) market segments the market based on integration type, raw material, component, application, and region. Changing market trends and other crucial market dynamics associated with segments of the global photonic integrated circuits (PIC) market are discussed in detail in the TMR’s study.

Integration Type

  • Monolithic Integration
  • Hybrid Integration
  • Module Integration
Raw Material
  • Indium Phosphide
  • Gallium Arsenide
  • Lithium Niobate
  • Silicon
  • Silicon-on-Insulator
  • Others
Component
  • Lasers
  • Modulators
  • Detectors
  • Attenuators
  • Multiplexers/De-multiplexers
  • Optical Amplifiers
Application
  • Optical Communication
  • Sensing
  • Optical Signal Processing
  • Biophotonics
Region
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

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