The globally integrated quantum optical circuits market garnered USD 1.87 Billion in 2021 and is likely to exhibit a Y-o-Y increase of 6.5% to be valued at USD 1.99 Billion in 2022.
Owing to the upsurge in investment in establishing a 5G network, the market is set to direct towards a positive growth trajectory. However, the design complexity regarding the fabrication of circuits might cause some hurdles in the growth of the integrated quantum optical circuits market. Future Market Insights forecasts that the market will likely expand to USD 3.75 Billion by 2032.
Soaring demand for high-speed internet connectivity and burgeoning demand for an enhanced alternative for conventional technology is set to put the market on blaze
| Attributes | Details |
|---|---|
| Market CAGR (2022 to 2032) | 6.5% |
| Market (2022) | USD 1.99 Billion |
| Market (2032) | USD 3.75 Billion |
| Market Attraction | The profusion of app-based solutions in personal and professional services is anticipated to act as a critical driver for the growth of the integrated quantum optical circuits market |
As there is a huge investment in building a 5G network globally, there is a good demand for integrated quantum optical circuits in the telecommunication sector. The integrated quantum optical circuits help in the miniaturization and optical scaling of optical quantum circuits.
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Many factors are driving the market for integrated quantum optical circuits, and one of the major factors is the surge in the demand for better and faster internet connectivity. As an integrated quantum optical circuit is one of the components that helps solve the purpose, the market for integrated quantum optical circuits is increasing at a good rate.
Another driver that helps in the increase of the integrated quantum optical circuits market is that there are regions that are having a transition from traditional technologies to 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 at a high rate in some regions and have a good show on the global market as well.
Some of the restraints in integrated quantum optical circuits markets have been related to the design complexity of integrated quantum optical circuits. The designs of the integrated quantum optical circuits are fairly complex to manufacture and hence attract fewer manufacturers in the integrated quantum optical circuits market, this, in turn, generates fewer opportunities in some regions and slows down the growth of the integrated quantum optical circuits market.
Another 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 their 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.
North America captured nearly 43% share 2021 of the integrated quantum optical circuits market, backed by the swelling adoption of PIC-based products, particularly in the data centres and WAN applications of optical fiber communication. For instance, in March 20221, R&M, the globally active developer and provider of cabling systems for high-quality network infrastructures, launched fiber-to-the-home (FTTH) products and services in North America, providing end-to-end connectivity from the central office to the premises.
Besides, in terms of value, the leading of integrated quantum optical circuits will further elevate the growth of the integrated quantum optical circuits market in the region throughout the conjecture period.
This market growth is propelled by the early adoption of new technologies, high spending on R&D, and rapid innovations in the province powered by the presence of large USA-based companies in the integrated quantum optical circuit industry.
A recently published report by Future Market Insights reveals that the North American market for Integrated Quantum Optical Circuits is projected to follow an expansion rate of 6.5% throughout the forecast period.
Asia-Pacific is projected to exhibit substantial growth in the integrated quantum optical circuits market owing to the occurrence of tier-1 creators. Furthermore, the upsurge in the communication industry and major development in the optical fiber communication segment are further estimated to boost the growth of the integrated quantum optical circuits market in the region in the forthcoming years.
For instance, In May 2022, A new high-performance submarine cable is being manufactured to enhance connectivity between Hong Kong, China, and Southeast Asia. China Mobile International Limited, China Unicom Global, and Converge Information and Communications Technology Solutions Inc. have all reaffirmed their partnership to construct and operate the South-East Asia Hainan - Hong Kong Express Cable System (SEA-H2X).
CMI continues to emphasize digital economy development by expanding its digital infrastructure including cable systems, PoPs, and data centers. The company has been investing in various submarine cables due to the soaring demand for data usage in the Asia-Pacific region. Rendering these factors, the APAC market for Integrated Quantum Optical Circuits is forecast to register a growth rate of nearly 6.6% during the assessment period, reveals the Future Market Insights report.
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Prominent players in the global 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 Nanophotonics Corporation among others. Recent key developments among players include:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.5% from 2022 to 2032 |
| Market Value in 2022 | USD 1.99 Billion |
| Market Value in 2032 | USD 3.75 Billion |
| Base Year for Estimation | 2021 |
| Historical Data available for | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material Type, Component, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, BENELUX, Japan, China, South Korea, GCC, South Africa, Turkey |
| Key Companies Profiled | TE Connectivity; Intel Corporation,; Emcore Corporation,; Aifotec AG,; Ciena Corporation,; Finisar Corporation,; Infinera Corporation,; Oclaro Inc.,; Luxtera, Inc.,; Neophotonics Corporation; Others |
The global integrated quantum optical circuits market is estimated to grow at a CAGR of 6.5% from 2022 to 2032.
The North American market is expected to be the most lucrative market, expanding at a 6.5% CAGR from 2022 to 2032
| Market Value (2023) | USD 23.6 billion |
|---|---|
| Market Expected Value (2033) | USD 52.1 billion |
| Market Projected CAGR (2023 to 2033) | 8.2% |
| Market Size (2022E) | USD 4.64 Billion |
|---|---|
| Market Size (2032F) | USD 20.47 Billion |
| Value CAGR (2022 to 2032) | 16% |
| Estimated Market Value (2022) | USD 2.6 Billion |
|---|---|
| Projected Market Value (2032) | USD 5.4 Billion |
| CAGR% (2022 to 2032) | 7.3% |
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