The demand for photonic integrated circuit (PIC) is expected to grow rapidly due to the significant changes offered in terms of circuit power consumption, size, cost, and reliability. The study provides growth projections for photonic integrated circuits (PICs) for different applications including biophotonics, optical signal processing, optical communications, and sensing. As the majority of the PIC market growth depends on its expansion into the energy markets, the overall optical signal processing category (63% of the market in 2012) is the fastest-growing segment in the overall PIC market.
Browse all Semiconductor & Electronics Reports: http://www.transparencymarketresearch.com/semiconductor-market-reports-5.html
Currently, the hybrid integration technology is another major integration technology used in PICs, accounting for 56.1% of the global market.
The research report lends a deeper understanding of the global photonic integrated circuit (PIC) market based on major components, raw materials, applications, geographies, and integration types for the forecast period.
The report identifies the highest opportunities for growth in the North American and Asia-Pacific regions owing to advancements in the field of fiber optic communications and image processing capabilities in these regions.
Other Reports:
South Africa Wire and Cable Market: http://www.transparencymarketresearch.com/south-africa-wire-cable-market.html
Indoor Humidifier Market: http://www.transparencymarketresearch.com/north-america-indoor-humidifier-market.html