According to a report of the Global Integrated Quantum Optical Circuits Market by Material Type (Indium Phosphide, Silica Glass, Silicon Photonics, Lithium Niobate, and Gallium Arsenide), by Application (Optical Fiber Communication, Optical Sensors, Bio-Medical, Quantum Computing, and Others), -by region (North- America, Europe, Asia-Pacific, Middle East & Africa and South America) –is expected to reach US$ 1450 by 2026, at a CAGR of 16.55%.
Quantum optics is a rapidly developing field where single photons can be engaged in applications such as secure communication, universal quantum computing, and simulation of complex quantum systems. It enables efficient electrical to optical conversions and allows devices to work at high temperature. These devices are much more efficient, have higher bandwidth, higher processing speed, and lower energy loss in comparison to traditional integrated circuits.
Grow in demand for high-speed internet connectivity, multiplication of app-based solution in personal & professional services and an increase in demand for powerful and enhanced alternative for usual technology are key factors that drive the growth of the globally integrated quantum optical circuits market. While the high initial cost and design complexity associated with the fabrication of circuits are expected to restrain the growth of the global market.
The Material Type Silicon Photonics to hold the largest market share
The silicon photonics segment generated the highest revenue in 2017, the globally integrated quantum optical circuits market, it is expected to remain dominant during the forecast period due to it is simple to fabricate and multiple functions can be combined in the chip.
North America is estimated to largest market share
North America generated the highest revenue in the globally integrated quantum optical circuits market in 2017 and it is expected to dominate during the forecast period, due to at present North America has the largest market for PIC based products, especially in data centers and WAN applications of optical fiber communication.
The Application Type Optical Sensors segment to hold the largest market share
The Optical Sensors segment are anticipated to hold the largest share, in the global market. It is used in fields like defense, aerospace, energy, transportation, medicine, and other appearing fields. Quantum computing is another application is expected to dominate during the forecast period.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Infinera (U.S.), Alcatel Liucent (U.S.), Neophotonics (U.S.), JDSU (U.S.) Kotura (U.S.), Aifotec AG, Ciena Corporation, Finisar Corporation, Intel Corporation, Infinera Corporation, Neophotonics Corporation, TE Connectivity, Oclaro Inc., Luxtera, Inc., and Emcore Corporation.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Integrated Quantum Optical Circuits Market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Integrated Quantum Optical Circuits database Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global integrated quantum optical circuits database market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Integrated Quantum Optical Circuits Market”.
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