Allied Market Research’s report, titled “Integrated Quantum Optical Circuits Market by Material Type (Indium Phosphide, Silica Glass, Silicon Photonics, Lithium Niobate, and Gallium Arsenide) and Application (Optical Fiber Communication, Optical Sensors, Bio Medical, Quantum Computing, and Others): Global Opportunity Analysis and Industry Forecast, 2018 – 2025” claims the global integrated quantum optical circuit market generated $426 million in 2017 and is expected to reach $1,460.2 million by 2025, registering a CAGR of 16.3% from 2018 to 2025. Augmented demand for high-speed internet connectivity coupled with rapid proliferation of app-based solutions for personal & professional interests drives the growth of the market. In addition, increasing use of effective & enhanced conventional technology alternatives and growing demand for quantum computing supplement the market growth. However, high initial cost and design complexity hinder the growth of the market. On the contrary, heavy inflow of investment on implementing 5G network worldwide would create lucrative prospects for the market players.
Notable Points
- Silicon photonics segment to accrue highest revenue, indium phosphide to grow fastest through 2025
- Optical fiber communication segment to retain lead through 2025
- North America to contribute highest revenue, LAMEA to attain fastest growth
- The key players include Aifotec AG, Ciena Corporation, Finisar Corporation, Intel Corporation, Infinera Corporation, Neophotonics Corporation, TE Connectivity, Oclaro Inc., Luxtera, Inc., and Emcore Corporation.
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