Photonic integrated circuit (PIC) is a device that integrates multiple photonic functions into a single optical package. Unlike electronic ICs, which use electrons as data carriers, photonic ICs use photons. Since photons travel at the speed of light, they are capable of transferring information/data at a higher speed than electrons.

Albany, NY -- (SBWire) -- 05/31/2016 --The research study titled "Photonic Integrated Circuit (PIC) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2022" provides strategic analysis of the global photonic IC market along with the market growth (size in US$ Mn) forecast for the period from 2015 to 2022. The report includes competitive analysis of various market segments based on applications, raw materials, components, and in-depth cross-sectional scrutiny across different geography segments of the photonic IC market. In order to aid in strategic decision-making, the report also includes competitive profiling of the leading PIC manufacturers in the industry, their market positioning, recent developments, and the winning strategies adopted by them. Other in-depth analysis covered in the report provides insights into industry competition, market dynamics, and the most profitable segments in the photonic IC market. Furthermore, the report analyzes the current and future market potential for photonic ICs across the globe.

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On the basis of applications, the photonic IC market is segmented into: optical communication, sensing, optical signal processing, and biophotonics. The market revenue and forecast for different application segments have been included in the report for the period from 2013 to 2022 in terms of US$ Mn, along with the CAGR for the forecast period from 2014 to 2022. Furthermore, the report also segments the photonic IC market on the basis of integration techniques deployed in to monolithic integration, hybrid integration, and module integration. The market revenue and forecast for different integration types have also been included in the report for the period from 2013 to 2022 in terms of US$ Mn, along with the CAGR for the forecast period from 2014 to 2022. Similarly, the report also provides market size and estimates across the geographies for other market segments. The regional analysis of the PIC market gives in-depth insights into the current trends prevailing in different regions including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Each of these segments provides market size and forecast for the period from 2013 to 2022, highlighting the key factors responsible for influencing and challenging the market growth.

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The report also provides the breakdown and review of the various factors affecting the growth of the PIC market, appropriately described as market drivers, restraints, and opportunities. These factors emphasize upon the existing trends and their impact on the market growth. In addition, the report provides a separate section focusing on the key trends and future outlook of the PIC market. Overall, the report includes a holistic analysis of the global PIC market and provides growth estimates for the period from 2015 to 2022, keeping in mind the various factors affecting the market.

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