Photonic Integrated Circuits (PIC) Market Size, Share, COVID-19 Impact | Industry Trends & Analysis 2027

According to a new research report pertaining to the photonic integrated circuits (PIC) market, published by Transparency Market Research, the global photonic integrated circuits market is expected to reach a value of ~ US$ 3.3 Bn by 2027, expanding at a CAGR of ~ 23% from 2019 to 2027. According to the report, the global PIC market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period.

• In terms of application, the global photonic integrated circuits market has been segmented into optical communication, sensing, optical signal processing, and biophotonics.
• The optical communication segment in the PIC market is anticipated to dominate the market, due to a rise in the demand for optical communication systems that transmit large volume of data at high speed over a long distances.
• Furthermore, the adoption of optical communication systems offers additional advantages over electric communication, such as high bandwidth capability, low latency, and superior flexibility.
• Moreover, sensing applications are also anticipated to play a major role in driving the photonic integrated circuits market in the near future, as photonics offer electromagnetic immunity, metal-free operation, and low-cost integration with electronic devices, as well as high sensitivity in the field of optical sensing.
• The optical communication segment in the PIC market is anticipated to expand at a significant CAGR from 2019 to 2027. The sensing segment in the photonic integrated circuits market is also anticipated to expand at a substantial CAGR during the forecast period.

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Increasing Use of Silicon Technology in Photonic Integrated Circuits

• The report on the PIC market offers detailed segmentation of the global photonic integrated circuits market in terms of integration type (monolithic integration, hybrid integration, and module integration), raw material (indium phosphide, gallium arsenide, lithium niobate, silicon, silicon-on-insulator, and others), components (lasers, modulators, detectors, attenuators, multiplexers/de-multiplexers, and optical amplifiers), and application (optical communication, sensing, optical signal processing, and biophotonics). The global photonic integrated circuits market has also been segmented based on region (North America, Europe, Asia Pacific, Middle East and Africa, and South America).
• Among the raw materials, the silicon segment accounted for a substantial share of the global photonic integrated circuits market in 2018, and is anticipated to gain a higher market share during the forecast period, owing to low-cost integration of silicon-based PICs by using silicon-based semiconductor manufacturing techniques.

North America to be a Highly Lucrative Market for PICs

• North America witnesses high investments in optical communication and sensing applications. The optical communication segment is anticipated to dominate the global photonic integrated circuits market throughout the forecast period, owing to the increasing penetration of PICs in long-haul and transport networks across the U.S. and Canada.
• Furthermore, with significant investments in sensing and biophotonics applications in the region, the photonic integrated circuits market in North America is anticipated to expand at a high CAGR during the forecast period.

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• Moreover, the optical signal processing segment is anticipated to gain traction in the PIC market during the forecast period, owing to the increasing demand for higher bandwidth and data transfer rates for optical signal processing networks.

Investments by Key Players to Boost Photonic Integrated Circuits Market

The report provides the profiles of leading players operating in the global photonic integrated circuits market. These include Agilent Technologies, Broadcom, Ciena Corporation, Enablence, Finisar Corporation, Hewlett Packard, Huawei Technologies Co., Ltd., Infinera Corporation, Intel Corporation, Kaiam Corp, Luxtera, MACOM, Mellanox Technologies, NeoPhotonics Corporation, Oclaro, Inc., TE Connectivity, Uniphase Inc., and VLC Photonics S.L.

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Deep Learning Chipset Market Future Estimations, Growth Drivers and Forecast to 2027

Transparency Market Research delivers key insights on the global deep learning chipset market. In terms of revenue, the deep learning chipset market is estimated to expand at a CAGR of ~24% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the deep learning chipset market.

The deep learning technology is driving advancements in artificial intelligence (AI). In the current scenario, the deep learning chipset technology is being led by graphics processing units and central processing units. However, in the next few years, other chipset types including, application-specific integrated circuits and field programmable gate arrays, are expected to play an extended role.

Deep Learning Chipset Market: Dynamics

While in the current scenario, a large number of developments are being witnessed in the robotics industry, the difference between human skills and robot motor skills still remains large. Machines still need to go a long way to match the human proficiency even at the level of basic sensorimotor skills such as grasping things. However, by linking learning with a continuous feedback, this gap can be bridged. By doing so, it would become easier for robots to understand the complexity of the current world and handle issues intelligently and reliably. The neural network technology has made great strides to design computer programs that can process images, text, and speech, and can draw pictures too.

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However, introducing various actions and control mechanism adds substantial new challenges to the network. Overcoming these challenges would help in understanding the method in which machines would communicate in the current ecosystem. By bringing the power of large-scale deep learning to the robotic control, fundamental issues in robotics and automation can be easily resolved. This, in turn, is expected to augment the deep learning chipset market during the forecast period.

Deep Learning Chipset Market: Prominent Regions

North America is the dominant region in the deep learning chipset market. Growth of the market in the region can be attributed to high investments and a large number of manufacturers in the region.

Moreover, the market in Europe is expected to witness significant growth during the forecast period, due to increasing demand for deep learning chipsets for use in prediction of frauds and failures in the region. Asia Pacific, South America, and Middle East & Africa are emerging markets for deep learning chipsets, offering lucrative opportunities to vendors and system integrators in the long term.

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Deep Learning Chipset Market: Key Players

Key players operating in the global deep learning chipset market are IBM Corporation, Graphcore Ltd, CEVA, Inc., Advanced Micro Devices, Inc., NVIDIA Corporation, Intel Corporation, IBM Corporation, Movidius, XILINX INC., TeraDeep Inc., QUALCOMM Incorporated, and Alphabet Inc.

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Worldwide Analysis on Computer Numerical Controls (CNC) Market Strategies and Forecasts, 2020 to 2027

The computer numerical controls (CNC) market is characterized by a highly competitive vendor landscape, mainly due the presence of numerous players in the market. Participating in mergers & acquisitions, focusing on achieving product differentiation, and facilitating product regulation also are prime strategies implemented by most players operating in this market.

The competition is expected to intensify with new players entering the computer numerical controls (CNC) market on a regular basis, thus giving rise to a fierce rivalry between individual players. DMG Mori Co. Ltd., Haas Automation, Fanuc Corporation, Siemens AG, Dr. Johannes Heidenhain GmbH, GSK CNC Equipments Co. Ltd., JTEKT Corporation, Takisawa Machine Tool Co. Ltd., OKUMA Corporation, and Yamazaki Mazak Corporation, are chief players operating in the global computer numerical controls (CNC) market.

Statistically speaking, the global computer numerical controls (CNC) market is expected to fetch a revenue of US$ 115.1 bn by 2027, which is a significant rise from an initial revenue worth US$ 64.0 bn registered in 2018. This growth is expected to occur at a rising CAGR of 6.7% during the forecast period from 2019 to 2027.

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Need for Automation Boosts Market’s Growth

Rising concerns about reducing operational costs are being witnessed in several industrial sectors, consequently demanding large-scale automation. Such demands for automating various industrial processes is primarily driving the global computer numerical controls (CNC) market. This mainly because of reduction in overall manufacturing time and decreasing chances or human error to occur by using the CNC machines, consequently making them highly preferred.

Rising environmental concerns regarding reduction of industrial carbon footprint has led towards computer numerical controllers being increasingly used in place of manually operating machines. Doing this has resulted into improved efficiency being achieved by businesses working in the industrial domain, thereby being beneficial to the global computer controls (CNC) market.

Costly Maintenance and Servicing Dampens Product Sales

However, high costs associated with set up of CNC machines is profoundly retraining the market’s growth. This is as a result of low costs making it difficult for small-scale business with low capital to invest in the equipment. Even after the CNC instruments are purchased, they are quite costly to maintain, as they need to be serviced on a regular basis. Therefore, this factor is acting as a chief hindrance affecting the global computer controls (CNC) market. However, a slow-paced change has been occurring in the fundamental working mechanisms of the CNC machines, which is expected to reduce the workload and improve efficiency. Such changes are truly expected to offset some of the restraints affecting the global computer controls (CNC) market.

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This market is mainly spread across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, North America lead the pack with maximum revenue earned owing to a strong industrial infrastructure and associated development.

The study presented here is based on a report by Transparency Market Research (TMR), titled, “Computer Numerical Controls (CNC) Market (Types – Lathe Machines, Milling Machines, Lasers, Grinding Units, Welding Machines, and Winding Machines; Application – Automotive, Industrial, Power & Energy, and Defense & Aerospace) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027.”

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Industrial Robotics Market Opportunities, and Threats 2019 – 2027

Industrial robots have a vital role to play in automation of industries, as several key operations are taken care of by industrial robots in several industries. Economic development in various countries offers promising growth opportunities to the global industrial robotics market. Rapid expansion of e-Commerce activities coupled with phenomenal growth of automotive and electronics industries is an added impetus to the global industrial robotics market.

Some of the renowned market players analyzed in the report on the global industrial robotics market are Yaskawa Motoman Robotics, Kawasaki Heavy Industries, Denso Corporation, Toshiba Machine Co., Ltd., Fanuc Robotics, and KUKA Robotics. The global industrial robotics market is projected to reach US$ 297 Bn by 2027. The market is likely to grow at a CAGR of ~9% from 2019 to 2027.

Growing Demand for Collaborative Robot to Drive Industrial Robotics Market

Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used in variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection. Furthermore, collaborative robots help companies to enhance the production output with high levels of work safety, as these robots can perform repetitive work at a faster pace.

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Demand for collaborative robots is continuously on the rise in different industry verticals including retail, healthcare, automotive manufacturing, and several others, owing to their numerous benefits and associated applications. Several manufacturers operate in the industrial robotics domain such as Universal Robots, KUKA AG, and Franka Emika GmbH, who offer a wide variety of collaborative robots for various industries.

Extensive Deployment of Industrial Robots in Manufacturing Units Drives Market in North America

Based on region, the global industrial robotics market has been segmented into Latin America, Middle East & Africa, Asia Pacific, Europe, and North America. Regional segmentations are likely to facilitate better understanding of market dynamics at play in each of the regions during the forecast period.

According to the findings of the Association for Advancing Automation, around 27,294 robots were ordered in the first nine months of 2019. These robots were valued at around US$ 1.473 Bn. North America is likely to lead the global industrial robotics market in the coming years. Substantial reliance of North American manufacturing units on advanced and innovative technological solutions to generate high quality output at reduced cost is fueling the market. Increased implementation of advanced software programs to stay ahead of competition is responsible for growth of the industrial robotics market in North America.

Modern manufacturing facilities in North America substantially depend on new innovative technologies to produce higher quality products at high speed and reduced costs. Manufacturing facilities are implementing more intelligent software and hardware to survive in the current competitive scenario.

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Likewise, Europe is also expected to account for a large share of the market. In 2017, around 170,000 robots participated in the production process of the automotive industry in Europe. Such high levels of robotic participation is a manifestation of the market prominence in the region.

According to TMR analysts, in terms of density of industrial robots, South Korea is estimated to retain its leading position during the assessment period.

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Linear Displacement Sensor Market Report With Leading Competitors Analysis, Strategies & Forecast 2020-2025

Transparency Market Research delivers key insights on the global linear displacement sensor market. In terms of revenue, the global linear displacement sensor market is estimated to expand at a CAGR of ~9% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global linear displacement sensor market.

The global linear displacement sensor market is broadly affected by several factors, including increase in adoption of LVDT sensors in multiple industrial fields and rise in demand for small and light miniature sensors. Thus, expanding application of linear displacement sensors in different sectors is propelling the global linear displacement sensor market.

Linear Displacement Sensor Market: Dynamics

Linear Variable Differential Transformer (LVDT) is an electromechanical device and a type of linear displacement sensor, which is used to convert mechanical motion or vibrations, specifically rectilinear motion into a variable electrical current, voltage or electric signals.

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In LVDT transducers, there is no physical electrical contact across the transducer position sensing element, owing to which it has an infinite resolution and a very long life cycle. Moreover, LVDT sensor devices offer several advantages. They are lightweight and compact in size, consume low power, and have very low output impedance. LVDT’s are engineered and designed to accommodate many industry applications, such as aerospace & defense, power turbines, automation, and hydraulics due to these advantages. Thus, adoption of LVDTs in multiple industrial fields is significantly high, which is expected to drive the growth of the global linear displacement sensor market during the forecast period.

Linear Displacement Sensor Market: Prominent Regions

The linear displacement sensor market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of consumer electronics and industrial automation in the region. The linear displacement sensor market in Europe is projected to witness favorable growth during the forecast period, as rise in industrial activities and expansion of the automotive sector in the region are significant. The Asia Pacific linear displacement sensor market is likely to expand during the forecast period, owing to the presence of a large number of players designing and producing linear displacement sensors.

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Linear Displacement Sensor Market: Key Players

Key players operating in the global linear displacement sensor market are Althen Sensors, Honeywell International Inc., Keyence Corporation, Micro-Epsilon, Omron Corporation, Panasonic Corporation, Positek Limited, TE Connectivity, TRANS-TEK Inc. and Vishay.

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Fiber Optic Connectors Market Report-Worldwide Key Industry Segments & Forecast 2025

Transparency Market Research delivers key insights on the global fiber optic connectors market. In terms of revenue, the global fiber optic connectors market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global fiber optic connectors market.

The global fiber optic connectors market is broadly affected by several factors, including usage of fiber optic connectors in the data center sector and increasing applications in the telecommunications sector. Thus, expanding applications of fiber optic connectors in different sectors are propelling the global market for fiber optic connectors.

Fiber Optic Connectors Market: Dynamics

Fiber optic connectors (FOC) are used to mechanically connect two optical fibers, thereby permitting light to transmit from the core of one fiber to the other fiber in order to link the fiber optic connection equipment. Different types of connectors are utilized for multi-mode and single-mode fibers. FOC is a critical technology, which enables the use of optical fibers in outside plant applications, public telecommunication networks, and in wiring installations at customer premises.

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Optical fibers help to transmit all optical signals, and fiber optic connectors enable the low-loss transmittance of these signals between the optical and electro-optical devices. Based on type, fiber optic connectors market can be segmented into lucent connector (LC), standard connector (SC), CS connectors, SN connectors, straight tip (ST), multiple-fiber push-on/pull-off (MPO/MTP), and others. In terms of application, fiber optic connectors market can be divided into telecom industry, data center, dense wavelength division multiplexing (DWDM) systems, lasers, and others.

Fiber optic connectors are extensively used in the telecommunications industry. Fiber optic connectors are used for high data rate and long-distance transmission in the telecommunications network. Fiber optic connectors are also popular in data center applications, since they are mostly used in optical interconnects in data center networks. They are used in DWDM applications that accumulate data from various sources together on a single optical fiber and employs light wavelengths to transmit data. Among applications, the telecom industry is anticipated to reach value of US$ 2,002.58 Mn by 2025 at the highest CAGR of 7.57% during the forecast period.

Fiber Optic Connectors Market: Prominent Regions

The fiber optic connectors market in North America is expected to expand during the forecast period, owing to the presence of key market players, technological advancements, and growth of telecommunication and data center applications in the region. The fiber optic connectors market in North America is projected to witness favorable growth during the forecast period, due to significant rise in telecommunication applications for high data rate and long-distance transmission in telecommunication networks in the region, which is projected to reach US$ 1,987.10 Mn by 2025. The Asia Pacific fiber optic connectors market is likely to expand at the highest CAGR of 7.83% during the forecast period, owing to the presence of a large number of players manufacturing fiber optic connectors.

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Fiber Optic Connectors Market: Key Players

Key players operating in the global fiber optic connectors market are Amphenol Corporation, Broadcom, Corning Cable Systems LLC, Diamond SA, Furukawa Electric Co. Ltd., Hitachi Ltd., Hirose Electric Co., Ltd., Molex LLC, Radiall, Senko Advanced Components, Sumitomo Electric Industries, Ltd., TE Connectivity, and US Conec Ltd.

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IV Bags Market Report- by Manufacturers, Size, Trends, Strategies and Key Competitor Shares to 2032

In its recent study, Transparency Market Research (TMR) offers insights into the global IV bags market. According to the study, the market is forecast to rise at 5.8% between 2020 and 2032. The increasing adoption of injection-based therapies in various treatment modalities has been fuelling the demand for IV bags. According to TMR, among applications, injection-based therapies are likely to create incremental opportunity of more than 1.5 Bn between 2020 and 2032. IV bags sales will surge further, spurred by the demand from parenteral nutrition players and intravenous therapy providers.

Among various types of bags available, single chamber IV bags more preferred. To identify hidden opportunities, TMR segments the market in terms of material type, capacity, chamber type, and application across five key regions. According to the report, polypropylene material for IV bags is expected to hold the dominant share in the market since these bags are available at a low cost and they offer better puncture resistance and durability.

Material Innovations Hold Key to Success

Ardebil’s Arta Serum Company partnered with Barekat Foundation to manufacture a new generation of IV fluid bags, which can better prevent absorption or discharge of serum through the walls of the bags. Traditional bags were known to absorb almost 30% of the medication in the solution. It incurs huge loss in case of cancer medication, which is both costly and rare. Producers claim that the new generation IV bags can overcome all deficiencies of existing plastic packs. Therefore, innovation, in terms of materials used, are expected to offer lucrative opportunities for growth of the market.

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Some of the leading manufacturers across the world are focusing on product innovation, with their key objective being ensuring improved convenience. Fresenius Kabi’s new non-PVC intravenous fluid and drug combination delivery system exemplifies the same. Known as FreeFlex, these delivery systems are designed to improve consumer experience and offer extended pH interval and drug compatibility.

More importantly, these bags are environment-friendly and have easy-to-peel overwrap. They are available in sizes ranging from 50 ml, up to 1000 ml and more importantly they are free from any synthetic additive, glue, and PVC. Along with these attributes, these new generation bags are tamper-proof and offer better protection against airborne contamination.

The market is expected to witness similar innovations especially since several other manufacturers are aiming at improving features of their IV bags to gain competitive advantage in the market.

Incompatibility of IV Bags with Certain Biological Compounds

Risk of potential incompatibility between the solutions with the container poses threat to the market players. Often, solutions contained inside an IV bag can react to materials used for making the bag, causing imbalance or disruption in the pH value of the solution. Such incompatibilities can cause either physical or chemical reaction, with the latter being more harmful, as it increases the chances of producing toxic by-products.

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For instance, as per an independent study, diazepam injection into plastic IV bags resulted in the loss of potency of the solution by more than 24%. Therefore, it was recommended that glass containers should be used to administer diazepam. Once established, such results are anticipated to hamper the growth of the global IV bags market.

IV Bags: Competitive Landscape

The presence of established companies as well as several smaller and local players has rendered the global IV bags market highly fragmented. TMR finds that larger percentage of the overall market share is currently held by local and domestic companies. To study the nature of competition prevailing in the market, TMR has profiled companies such as B. Braun Melsungen AG, Baxter International Inc., Pfizer Inc, Wipak Group, Technoflex S.A, Fresenius SE & Co KGaA, Sippex, Polycine GmbH, Kraton Corporation, The Metrix Company, Medicopack A/S, Macopharma SA, Haemotronic S.p.A., Renolit Solmed, Otsuka Pharmaceutical India Private Limited, Alfa Laboratories, Qosina Corporation, ICU Medical, Inc., JW Life Science and Angiplast Pvt. Ltd.

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