Photonic Integrated Circuits (pic) Market

Proliferation of information and communication technology, reduction of telecommunication and network devices, and increasing demand for high bandwidth transmitting devices are major factors driving growth of global photonic integrated circuit market. Furthermore, increasing adoption of photonic integrated circuits in optoelectronic devices, on account of low energy consumption, higher efficiency, and higher operational speed, is another factor anticipated to boost growth of the global market to a significant extent throughout the forecast period. Also, rising adoption of optical fiber technology has further boosted demand for photonic integrated circuits in the global market.

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