Elettronica
TMR Projects Strong Growth for Photonic Integrated Circuits Market With a 23.0% CAGR, Thanks to Rising Demand from Telecommunications
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Rising demand for WAN applications promise a major growth in the North America region. the rising demand for communications, and heavy investments in the development of portable, and reliable sensor pave way for lucrative opportunities in the region, namely in the US. The rising demand for mobile communication, and growing reliance on entertainment through videos, and enterprise-based cloud services will be major avenues for growth in the PIC market in North America region. The region continues to witness opportune collaborations among competitors, thanks to large potential of growth, and rising demand for data services.
The global photonic integrated circuits market is a competitive, and fragmented landscape. The landscape is home to several large, and established players who continue to demonstrate strong manufacturing capabilities. The competition will likely rise further in the future, as research and development activities continue to make a strong case for growth in communication, network, and information technology. Large number of suppliers in the PIC market have also witnessed reduction in their bargaining power, with an increased advantage for manufacturers. The growing demand for PICs during the forecast period, will likely provide more bargaining power to suppliers over the forecast period.
Electronics and Semiconductors Industry
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