Global Integrated Quantum Optical Circuits Market Report and Forecast 2024-2032

Global Integrated Quantum Optical Circuits Market Outlook

The global integrated quantum optical circuits market size attained a value of USD 938.24 million in 2023. The market is further expected to grow at a CAGR of 14.1% between 2024 and 2032, reaching a value of USD 3,075.30 million by 2032.

Key Trends in the Market

An integrated quantum optical circuit refers to a piece of equipment which combines multiple optical devices to form one photonic circuit. This type of technology works on the concept of light utilisation to facilitate signal processing and computing operations, making it useful for numerous quantum mechanics applications.

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• The rapid development of data centres, coupled with the growing availability of high-speed internet across developing economies is a key trend in the integrated quantum optical circuits market, increasing the demand for optical fibre communication applications.

• Growing demand for advanced and effective photonics, with lower transmission loss, as an alternative to traditional circuit technology, is another market key trend. Rising applications of interconnected devices across various end use sectors is likely to bolster the use of integrated quantum optical circuits.

• Surge in the emergence of advanced technologies such as artificial intelligence, machine learning, quantum simulation, and cryptography, among others, is likely to propel the demand for integrated quantum optical circuits, particularly for quantum computing applications.

Market Analysis

Based on material, the integrated quantum optical circuits market is segmented into silica glass, silicon photonics, lithium niobate, indium phosphide, and gallium arsenide. On the basis of application, the market is classified into optical fibre communication, quantum computing, optical sensors, and bio medical, among others. The regional markets for integrated quantum optical circuits are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global integrated quantum optical circuits market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Ciena Corporation

• Coherent Corp.

• Intel Corporation

• Infinera Corporation

• TE Connectivity Ltd.

• Emcore Corporation

• Lumentum Operations LLC

• Cisco Systems, Inc.

• Others

Market Share by Application

The optical fibre communication segment, based on application, accounts for a healthy share of the integrated quantum optical circuits market. This can be attributed to the increasing applications of optical fibre communication technology across telecommunication companies to transmit telephone signals and internet communications. In addition, optical fibre communication has a vast range of applications across industries which include medical, defence, broadcasting, and lighting and decoration, among other fields, which is further invigorating the segment’s growth.

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Market Share by Region

At a regional level, North America occupies a sizable share of the market for integrated quantum optical circuit, supported by the rising adoption of photonic integrated products (PIC)-based products as well as the widespread usage of optical fiber communication. The heightened collaborations and efforts by academic institutions and leading market players to un-circumscribe the boundaries of quantum technologies in the region is offering lucrative opportunities to the integrated quantum optical circuits market. Meanwhile, the Asia Pacific region is likely to be a fast-growing region in the forecast period, due to the advancements in IT infrastructure across emerging economies such as India and China.

Competitive Landscape

Ciena Corporation is a leading telecommunications company which provides routing systems, networking equipment, and software services. Founded in 1992, the company is currently headquartered in Maryland in the United States.

Coherent Corp. is a prominent semiconductor manufacturing company, the product portfolio of which contains networking devices and electronic materials catering to the demands of the industrial sector. The company was established in 1971 and is headquartered in Pennsylvania, United States.

Intel Corporation is a multinational corporation and technology company creating world-changing technology since 1968. Headquartered in California, United States, this company is a leading provider of artificial intelligence and internet networking services.

Other market players include Infinera Corporation, TE Connectivity Ltd., Emcore Corporation, Lumentum Operations LLC, and Cisco Systems, Inc., among others.

Key Highlights of the Report