The global photonic integrated circuit (IC) technology market is expected to grow to nearly $866.4 million by 2018, with a five-year compound annual growth rate (CAGR) of 33.2%. The Optical signal processing category, the fastest-growing segment in the overall market, is moving at a tremendous 35% CAGR.
Ongoing limitations of electronic integrated circuits in pursuit of more transistors over a single silicon substrate has spurred the industry to find alternatives that provide high speed with decreasing size and high-end functionality. Optical communications represent the single largest segment in this market, expected to reach $506.5 million by 2018.
However, optical signal processing applications, valued at $25.3 million in 2013, are expected to surge to $113.4 million by 2018.
Optical communication is expected to lead the market with its sub segments such as microwave and RF photonics, long–haul and transport networks, and optical datacom. Photonic IC is frequently used in microwave and RF photonics, but in the future it is expected to be dominated by other segments and in various applications such as biophotonics and optical signal processing.
PHOTONIC INTEGRATED CIRCUITS: TECHNOLOGIES AND GLOBAL MARKETS provides an overview of the global market for photonic integrated circuit (IC) technology. It presents analyses of global market trends, with data from 2012 and 2013, and projections of CAGRs through 2018. Also included is an in-depth breakdown and analysis of the photonic integrated circuit market by application, by components, and by materials; definitions of the market by supply chain, value chain, and future outlook and expectations; and company profiles of leading players in the industry.