According to a recent report published by Allied Market Research, titled,"Integrated Quantum Optical Circuits Market by Material Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global integrated quantum optical circuits market was valued at $426.0 million in 2017 and is projected to reach at $1,460.2 million by 2025, growing at a CAGR of 16.3%from 2018 to 2025.
Integrated Quantum Optical Circuits is a device that integrates multiple optical devices to form a single photonic circuit. This device uses light instead of electricity for signal processing and computing.
The key factors that drive the global integrated quantum optical circuits market include growth in demand of high-speed internet connectivity, proliferation of app-based solutions in personal & professional services and rise in demand for effective and enhanced alternative for conventional technology. Now a day, the various developing countries such as India, China, Brazil, and others are focusing on building a high-speed internet infrastructure. Therefore, rise in investment by IT & telecom industry across these countries is expected to increase the demand for high-speed internet connectivity. Hence, various developed economies are investing in these countries to build their business globally. However, the high initial cost and design complexity related to fabrication of circuits are anticipated to restrain the growth of the global market. Furthermore, the rise in investment on building 5G network is expected to provide lucrative growth opportunities for the global market in near future.
Key Findings of the Integrated Quantum Optical Circuits Market:
- In 2017, the North America generated the highest revenue in the global integrated quantum optical circuits market.
- In 2017, the silicon photonics segment generated the highest revenue in the global integrated quantum optical circuits market.
The major players operating in the integrated quantum optical circuits market are Aifotec AG, Ciena Corporation, Finisar Corporation, Intel Corporation, Infinera Corporation, Neophotonics Corporation, TE Connectivity, Oclaro Inc., Luxtera, Inc., and Emcore Corporation. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.
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