Photonic Integrated Circuit (IC) & Quantum computing Market - Forecast(2021 - 2026)

As per the statistics by ICT Data and Statistics (IDS) Division, a UN specialized agency for ICTs, 48% of the global population use the Internet, and the usage is increasing at a remarkable rate.[1] This prominent surge in the global internet users is accompanied by an increasing demand for high speed data transmission. Photonic integrated circuits make use of high speed photons as data carriers over comparatively low speed electrons. This facilitates the devices with PICs to transfer huge amount data with high speed and efficiency. The aforementioned feature of PIC makes it a favorable technology among the users globally. The additional aspects of PICs such as compact system size, high power optimization, low heat dissipation, minimal cost, reliability, and high level of component integration are propelling the growth of the photonic integrated circuit market. As of 2018, the global photonic integrated circuit market was valued at $785m, and the growing opportunities are projected to help the market grow at a notable CAGR of 28.91% during the forecast period 2019-2025.

North America dominates the photonic integrated circuit market, accounting for 43.81% share of the global revenue generation in 2018. High investments by the governments, increasing demand for higher level of integration, growing number of data centers, the benefits of PICs, and technological advancements are some of the key attributes that have rendered North America with a maximum share in the global photonic integrated circuit market.

Photonic ICs are commonly used in optical fiber communication, defense, healthcare, quantum computing, quantum communication, quantum simulation, and quantum metrology. Optical amplifiers, multiplexers, filters, detectors, lasers, optical fiber sensors, and modulators are some of the devices that can be integrated using PIC technology. PICs find major applications in quantum computing, facilitating it with high speed computing capability and efficiency along with multi-tasking. Resultantly, key market players have capitalized on this application segment, which is forecast to grow at an outstanding CAGR of 39.11% through 2025.

Photonic Integrated Circuit (IC) & Quantum Computing Market Drivers:

·         Minimal cost

Photonic ICs simplify the design of the equipment for which it is deployed. This helps in increasing the manufacturing capabilities by eliminating the complex fabrication processes.

·         Compact size

Photonic ICs provide the ability to integrate a large number of components and functions on a single chip. This resultantly brings downs the number of components used, subsequently shrinking the size of the component.

·         Increased level of integration and functionality

In electronic ICs, the number of functions incorporated into a single chip is relatively low as compared to photonic ICs. Owing to the high level of integration, PICs gain many benefits such as reduction in size, simple design, low cost, minimal heat dissipation, and power optimization.

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·         Higher power optimization

Photonic ICs have high power efficiency when compared to electronic ICs. The heat dissipated during the working of PICs is very low, ultimately increasing the power efficiency.

Photonic Integrated Circuit (IC) & Quantum Computing Market Key Players Perspective:

Neophotonics, one of the prominent market players, has developed an Optical Line Terminal Transceiver using Photonic Integrated Circuit Technology, which is designed to lower the overall cost of FTTH network installation. This is intended to meet the global demand for photonic integrated circuits in the coming future.

Other key players in the photonic integrated circuit market and quantum computing market are Hamamatsu Photonics, Agilent Technologies, HP, IBM, Viavi, Infera, Broadcom, Aofptec, Alcatel-Lucent, Ciena, and 3S Photonics.

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Photonic Integrated Circuit (IC) & Quantum Computing Market Trends –

v  Silicon based PICs

Owing to the huge demand for advanced data solutions, silicone-based PICs are gaining momentum globally. These have major growth potential as they are very simple and easy to fabricate and multiple components or functions can be integrated on a single chip. Silicon-PICs can be easily manufactured in the existing electronic IC manufacturing plants with slight modifications.

v  Ultra-high-speed 3D PICs

With the introduction of 3D Photonic ICs, the speed of data transmission has increased significantly. With the commercial launch of 5G internet in various countries, these PICs are expected to gain traction. These photonic ICs also come with additional benefits such as increased bandwidth, high power efficiency, and low heat dissipation.

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Photonic Integrated Circuit & Quantum Computing Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the photonic integrated circuit & quantum computing market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of segments in the photonic integrated circuit & quantum computing market, and their specific applications in different areas.

Photonic IC and QC Market Report: Industry Coverage

The photonic integrated circuit & quantum computing market can be segmented on the basis of integrations, component, raw material, and application. Based on integration, the market can be sub-segmented into hybrid, monolithic, and module. By component, the market can be sub-segmented into laser, modulator, photo detectors, attenuators, and optical amplifiers.

The photonic integrated circuit & quantum computing market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia

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