Integrated Quantum Optical Circuits Market to Reach $1,460.2 Million by 2025

According to a recent report published by Allied Market Research, titled,"Integrated Quantum Optical Circuits Market by Material Type and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global integrated quantum optical circuits market was valued at $426.0 million in 2017 and is projected to reach at $1,460.2 million by 2025, growing at a CAGR of 16.3%from 2018 to 2025.

Integrated Quantum Optical Circuits is a device that integrates multiple optical devices to form a single photonic circuit. This device uses light instead of electricity for signal processing and computing.

The key factors that drive the global integrated quantum optical circuits market include growth in demand of high-speed internet connectivity, proliferation of app-based solutions in personal & professional services and rise in demand for effective and enhanced alternative for conventional technology. Now a day, the various developing countries such as India, China, Brazil, and others are focusing on building a high-speed internet infrastructure. Therefore, rise in investment by IT & telecom industry across these countries is expected to increase the demand for high-speed internet connectivity. Hence, various developed economies are investing in these countries to build their business globally. However, the high initial cost and design complexity related to fabrication of circuits are anticipated to restrain the growth of the global market. Furthermore, the rise in investment on building 5G network is expected to provide lucrative growth opportunities for the global market in near future.

Key Findings of the Integrated Quantum Optical Circuits Market:

• In 2017, the North America generated the highest revenue in the global integrated quantum optical circuits market.
• In 2017, the silicon photonics segment generated the highest revenue in the global integrated quantum optical circuits market.

The major players operating in the integrated quantum optical circuits market are Aifotec AG, Ciena Corporation, Finisar Corporation, Intel Corporation, Infinera Corporation, Neophotonics Corporation, TE Connectivity, Oclaro Inc., Luxtera, Inc., and Emcore Corporation. These key players have adopted strategies such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their market penetration.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.