Quantum Optical Circuit Market Offers Slow But Steady Growth

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

Free Newsletter

Like this article? Subscribe to FierceSensors!

The sensors industry is constantly changing as innovation runs the market’s trends. FierceSensors subscribers rely on our suite of newsletters as their must-read source for the latest news, developments and analysis impacting their world. Register today to get sensors news and updates delivered right to your inbox.
  • 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.  

Hungry for more forecasts on this market? You may want to request a sample report.

 

Allied Market Research

Portland, OR

USA/Canada: 800-792-5285 or 503-894-6022

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

[email protected]

https://www.alliedmarketresearch.com

Suggested Articles

Zync system-on-chip devices are about one-fourth of all Xilinx revenues

Passive components supplier Kemet posted a loss in its September quarter and was acquired by Taiwan-based Yageo.

Accuracy is down to 0.2 degrees C