Photonic IC Market - Forecast(2021 - 2026)
The global Photonic IC Market is estimated to surpass $26 billion by 2024 growing at an astonishing CAGR of 35.54% during 2019-2024, from $4.4 billion in 2018. The explosive growth of internet users across the globe is set to surge the demand in high speed internet connectivity thereby driving the photonic IC components in the telecommunication sector. Apart from this, the growing establishment of data centers is also analyzed to be one of the major market drivers for photonic IC market. Photonic IC Market Report Coverage The report: “Photonic IC Market – Forecast (2019-2024)”, by IndustryARC covers an in-depth analysis of the following segments of the Photonic IC Market. By Integration: Hybrid, Monolithic. By Component: Laser, Modulator, Photo Detectors, Interconnects, MUX/ DEMUX, Optical Amplifiers, Others. By Raw Materials: Lithium Niobate(LiNbO3), Silicon Photonics, Gallium Arsenide(GaAs),Indium phosphide(InP),Others(Glass, Polymer, SiN). By Application: Telecommunication, Data Ce...