The market for integrated quantum photonic circuits generated US$ 1.87 billion in 2021 and is anticipated to grow 6.5% year over year to reach US$ 1.99 billion in 2022. The market is poised to move in the direction of positive growth due to the increase in investment in constructing a 5G network. The market for integrated quantum optical circuits may encounter significant obstacles due to the design complexity involved in the manufacture of circuits. According to Future Industry Insights, the market is anticipated to grow to US$ 3.75 billion by 2032.
| Attributes | Details |
| Global Integrated Quantum Optical Circuits Market CAGR (2022-2032) | 6.5% |
| Global Integrated Quantum Optical Circuits Market (2032) | US$ 3.75 Billion |
| Global Integrated Quantum Optical Circuits Market Attraction | The profusion of app-based solutions in personal and professional services is anticipated to act as a key driver for the growth of the integrated quantum optical circuits market |
As there is huge investment in the building of 5G network globally there is a good demand for the integrated quantum optical circuits in the telecommunication sector. The integrated quantum optical circuits helps in the miniaturization and optical scaling of optical quantum circuits.
Integrated Quantum Optical Circuits Market: Drivers and Challenges
There are many factors driving the market for integrated quantum optical circuits, from which one of the major factor is the surge in the demand for better and faster internet connectivity. As integrated quantum optical circuit is one of the component which helps to solve the purpose, the market for integrated quantum optical circuits is increasing at a good rate.
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Another driver which helps in the increase of the integrated quantum optical circuits market is that there are regions which are having a transition from the traditional technologies to the new technologies in the optical fiber domain. So this transition acts as a driver for the integrated quantum optical circuits market as it would increase the market for the same at a high rate in some regions and have a good show on the global market as well.
Some of the restraint for integrated quantum optical circuits market have been related to the design complexity of integrated quantum optical circuits.
The designs of the integrated quantum optical circuits is fairly complex to manufacture and hence attracts less manufacturers in the integrated quantum optical circuits market, this in turn generates less opportunities in some regions and slows down the growth of integrated quantum optical circuits market.
Other restraint for the integrated quantum optical circuits market has been the high initial cost to adopt the specific circuits in the regions. The regions like North America as per there spending could easily afford to have integrated quantum optical circuits whereas in the regions like MEA, it would be difficult to adopt the same easily.
Integrated Quantum Optical Circuits Market: Key Players
Some of the key players of Integrated Quantum Optical Circuits market are: TE Connectivity, Intel Corporation, Emcore Corporation, Aifotec AG, Ciena Corporation, Finisar Corporation, Infinera Corporation, Oclaro Inc., Luxtera, Inc., and Neophotonics Corporation among others.
Integrated Quantum Optical Circuits Market: Regional Overview
On the basis of geography, Integrated Quantum Optical Circuits market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. Among various regions, North America integrated quantum optical circuits market is seen to be leading in terms of value with U.S. integrated quantum optical circuits being the most attractive market.
Also, the integrated quantum optical circuits market in Western Europe and SEA & others of APAC is expected to be growing at the fastest rates due to the presence of tier-1 manufacturers in the region and increase in the number of communication industry in the region which uses integrated quantum optical circuits.
Integrated quantum optical circuits market in Western Europe and North America is expected to be followed by China and SEA & others of APAC integrated quantum optical circuits market. Also, as most of the integrated quantum optical circuit’s manufacturers are set up in North America and Western Europe, the integrated quantum optical circuits market is expected to gain traction in the region throughout the forecast period.
The reason for the sustained traction in the regions is also due to the increasing demand for compact optical communication devices which would in hand increase the market for integrated quantum optical circuits. Integrated quantum optical circuits market in North America and Western Europe is expected to account for more than 35% of the total integrated quantum optical circuits market.
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Regional analysis for the Integrated Quantum Optical Circuits Market includes
- North America Market
- U.S.
- Canada
- Latin America Market
- Mexico
- Brazil
- Rest of Latin America
- Western Europe Market
- Germany
- France
- U.K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
- Eastern Europe Market
- Poland
- Russia
- Rest of Eastern Europe
- SEA and other APAC
- Australia and New Zealand (A&NZ)
- India
- ASEAN
- Rest of SEA and other APAC
- Japan
- China
- Middle East and Africa Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
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Integrated Quantum Optical Circuits Market: Segmentation
The integrated quantum optical circuits market can be segmented into various segments but as per the market analysis the market for integrated quantum optical circuits is most suitably segmented by material type, component, application, and region.
On the basis of material type the Integrated Quantum Optical Circuits market can be divided into;
- Indium Phosphide
- Silica Glass
- Silicon Photonics
- Lithium Niobate
- Gallium Arsenide
On the basis of component the Integrated Quantum Optical Circuits market can be divided into;
- Waveguides
- Directional coupler
- Active components
- Light sources
- Detectors
On the basis of application the Integrated Quantum Optical Circuits market can be divided into;
- Optical Fiber Communication
- Optical Sensors
- Bio Medical
- Quantum Computing
- Others
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