Photonic IC Market is Anticipated to Witness High Growth Owing to Rising Demand for Cloud Computing and Data Centers

Photonic IC Market The photonic IC market comprises optical components such as light sources, amplifiers, modulators, detectors, attenuators, multiplexers and demultiplexers that are integrated onto a single chip using CMOS processing. These integrated photonic chips offer benefits such as reduced size, weight and cost of deployment as compared to conventional optical networking systems. The increasing demand for high bandwidth data transmission in data centers and rising popularity of cloud computing is propelling the need for faster connectivity and networking solutions. Photonic ICs address this need by providing enhanced data transmission rates and capacities using light as the medium for communication. With data consumption patterns soaring globally, data centers are scaling up their infrastructures requiring advanced networking components like photonic ICs. Hence, the photonic ICs market is expected to grow substantially over the forecast period. The Global photonic IC Mar...