Photonic Integrated Circuit (IC) Market

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2022
Miniaturization of Electronic Devices Drives
Photonic Integrated Circuit Market
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The market is being driven by the significant
demand for such components from the
telecommunications, medicinal, and data center
facilities, as well as the growing popularity of
autonomous cars, rapid automation in a variety of
industries, and downsizing of electronic
equipment. The photonic integrated circuit market
is set to hit 41,037.7 million value by
2030.With a CAGR of 20.9 in the upcoming
years, the application segment's data centers
category is anticipated to increase at the
fastest rate. This is because of the introduction
of 5G mobile networks, video streaming, and cloud
connectivity services, which have been propelling
the vast global construction of data
centers. Request for sample pages of this
report https//www.psmarketresearch.com/market-an
alysis/photonic-integrated-circuit-ic-market/repor
t-sampleMonolithic has a bigger share in the
photonic integrated circuit market, based on the
integration method. This is because photonic ICs
are integrated using a single material in a range
of both passive and active optical devices,
eliminating the problems associated with adapting
between different materials.
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Furthermore, the commercialization of this method
and the implementation of several monolithic
photonics platforms in improved CMOS technologies
for next-generation integrated systems are
predicted to grow the potential for monolithic
integration.Browse full report
at https//www.psmarketresearch.com/market-analys
is/photonic-integrated-circuit-ic-marketOne of
the main photonic integrated circuit market
drivers is the rapid improvements in photonics IC
technology as well as the numerous integration
techniques. For example, in October 2021,
scientists at the Hong Kong University of Science
and Technology developed a monolithic InP on a
silicon-on-insulator (SOI) substrate that would
pave the way for completely integrated Si-based
photonic integrated circuits.ContactPS
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