|By Business Wire||
|June 9, 2014 02:51 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/n9dmf9/global_photonic) has announced the addition of the "Global Photonic IC Market 2012-2016" report to their offering.
The analysts forecast the Global Photonic IC market to grow at a CAGR of 27.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the reducing cost of optical packages. The Global Photonic IC market has also been witnessing increased R&D spending on photonic ICs. However, the lack of proper technology standards could pose a challenge to the growth of this market.
The key vendors dominating this space include Infinera Corp., Kotura Corp., Luxtera Inc., and OneChip Photonics Inc.
The other vendors mentioned in the report are Agilent Technologies, Alcatel-Lucent, Cyoptics, Emcore Corp., Finisar Corp., JDS Uniphase Corp., Kaiam Corp., Neophotonics Corp., and TE Connectivity.
Commenting on the report, an analyst from the Hardware team said: The Global Photonic IC market is witnessing a trend of increased investment in R&D activities in the design and development of photonic ICs. The leading vendors of the market, such as Infinera, Luxtera, OneChip Photonics, and Kotura, have increased their investment in the R&D of photonic ICs. The rapidly growing demand for photonic ICs in data center applications has motivated vendors to increase their investments in R&D, and this increases the scope for the market. Using effective R&D processes, vendors are also in the process of developing a proper set of technology standards, and this can help revolutionize data transfer applications.
For more information visit http://www.researchandmarkets.com/research/n9dmf9/global_photonic.
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