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$1.1 Billion Worldwide Photonic ICs Industry to 2027 - Impact of COVID-19 on the Market
DUBLIN, Dec. 9, 2020 /PRNewswire/ -- The "Photonic ICs - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
 The publisher brings years of research experience to the 9th edition of this report. The 169-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Photonic ICs Market to Reach $6.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Photonic ICs estimated at US$1.1 Billion in the year 2020, is projected to reach a revised size of US$6.1 Billion by 2027, growing at a CAGR of 28.5% over the analysis period 2020-2027.
Attenuators, one of the segments analyzed in the report, is projected to record a 28.1% CAGR and reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Modulators segment is readjusted to a revised 29.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $316.2 Million, While China is Forecast to Grow at 27.7% CAGR
The Photonic ICs market in the U.S. is estimated at US$316.2 Million in the year 2020. China, the world`s second largest economy, is forecastto reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 27.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.7% and 24.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 19.9% CAGR.
Lasers Segment to Record 33% CAGR
In the global Lasers segment, USA, Canada, Japan, China and Europe will drive the 33% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$208.9 Million in the year 2020 will reach a projected size of US$1.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$728.2 Million by the year 2027.
Competitors identified in this market include, among others:
- Agilent Technologies, Inc.
- AifoTec
- Alcatel-Lucent SA
- Broadcom Ltd.
- Ciena Corporation
- EMCORE Corporation
- Enablence Technologies, Inc.
- Finisar Corporation
- Hewlett-Packard Development Company LP
- Infinera Corporation
- Intel Corporation
- Kaiam Corp.
- Luxtera, Inc.
- Mellanox Technologies, Inc.
- Neophotonics Corporation
- Oclaro, Inc.
- TE Connectivity Ltd.
- VIAVI Solutions Inc.
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Photonic IC Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 55
For more information about this report visit https://www.researchandmarkets.com/r/t9b6k6
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
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SOURCE Research and Markets
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