TechNavio recognizes the following companies as the key players in the Global Photonic IC Market: Infinera Corp., Luxtera Inc., OneChip Photonics Inc., and Kotura Corp.
Commenting on the report, an analyst from TechNavio’s Hardware team said: “The Global Photonic IC market is witnessing a trend of increased investment in R&D activities in the design and development of photonic ICs. The leading vendors of the market, such as Infinera, Luxtera, OneChip Photonics, and Kotura, have increased their investment in the R&D of photonic ICs. The rapidly growing demand for photonic ICs in data center applications has motivated vendors to increase their investments in R&D, and this increases the scope for the market. Using effective R&D processes, vendors are also in the process of developing a proper set of technology standards and this can help revolutionize data transfer applications.”
According to the report, the Global Photonic IC market has several growth drivers, one of which is the increasing demand for photonic ICs in optical packages and solutions. The capacity of photonic ICs to incorporate multiple components on a single chip and enable rapid data transfer (when compared to electronic ICs) has played a key role in reducing the cost of optical packages and solutions.
Further, the report states that one of the major challenges faced in the market is the lack of proper technology standards. As the Global Photonic IC market is a fairly new and emerging market, technology standards are still not clearly defined. This can hamper the growth of the market. Another major challenge faced by the Global Photonic IC market is the increasing competition among vendors.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Agilent Technologies, Alcatel-Lucent, Cyoptics, Emcore Corp., Finisar Corp., JDS Uniphase Corp, Kaiam Corp., Neophotonics Corp., and TE Connectivity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-photonic-ic-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report -Global Photonic IC Market 2012-2016
