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SOURCE Research and Markets
DUBLIN, May 9, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/39n9p4/photonic) has announced the addition of the "Photonic Integrated Circuit (IC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" report to their offering.
Photonic Integrated Circuit (PIC) is a new technology similar to an electronic IC which integrates multiple photonic functions into one optical package. Photonic ICs use photons as the data carrier as opposed to electronic ICs that use electrons. Since photons, the smallest unit of light, travel at the speed of light, they are able to transfer data at a faster rate as compared to electrons. Demand for PICs is expected to grow owing to significant improvements offered in terms of system size, cost, power consumption and reliability.
Growing demand for high speed communication coupled with growing application areas, especially in the field of optical communications, sensing and biophotonics have fueled the growth of the market. In addition, inexpensive fabrication, high power efficiency, high data transfer rates, and improved reliability offered by PICs promises a bright prospect for the growth of this market.
The use of photons for the purpose of computation, offering high-speed data processing and data transfer and data provides a sound opportunity for the growth of PIC market. Global PIC market was valued at USD 160.1 million in 2012 and is expected to reach USD 996.2 million in 2019, at a CAGR of 31.3% from 2013 to 2019
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Photonic IC Market Analysis
Chapter 4 Photonic IC Market, by Integration type
Chapter 5 Photonic IC Market, by Raw Materials
Chapter 6 Photonic IC Market, by Components
Chapter 7 Photonic IC Market, by Applications
Chapter 8 Photonic IC Market, by Geography
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
For more information visit http://www.researchandmarkets.com/research/39n9p4/photonic
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