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The advancements in photonics have increased extensively, which has resulted in the penetration of these technologies across numerous sectors, thus adding extra stars of growth to the photonic integrated circuits market
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The photonic integrated circuits market is projected to expand at a CAGR of ~23 percent between 2021 and 2031
ALBANY, N.Y., April 12, 2021 /PRNewswire/
Photonic Integrated Circuits Market: Growth Summary
The traffic on the internet is increasing rapidly around the globe, which has led to the escalating demand for robust communication systems. The key to robust communication systems is photonic integrated circuit. Therefore, these factors will invite promising growth for the photonic integrated circuits market across the assessment period of 2021-2031. The magnifying utilization of data centers along with the increasing demand for enlarged bandwidth is further helping in laying a red carpet of growth across the photonic integrated circuits market.