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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.
Gartner reports that low-code technologies will remain on a strong trajectory for 2021 and beyond, companies to rapidly build and deploy use cases without reliance on professional programmers. The complexity of IoT makes the skills barrier higher than in most other enterprise verticals. We like to argue that the value of low-code platforms is even higher for industrial companies, says Martin Thunman, CEO and co-founder of Crosser. With this financing round we aim to bring more innovative low-code solutions to the market, all aimed to help industrial companies move faster in their digitalization journey by putting the power of innovation in the hands of non-developers, often called citizen developers.
Photo Credit:Composites Integration
Composite Integration (Saltash, U.K.) has acquired Silicone Composites (Saltash) to provide what is says will be a single point of excellence for resin transfer molding (RTM), infusion and silicone solutions.
Silicone Composites was initially established in 2013 with the aim of providing a more efficient, less labor-intense closed molding process while also looking to reduce the amount of consumable waste. In 2016, after the company had experienced strong growth, Silicone Composites became a sister company of Composite Integration, with a full acquisition and merger completed in December 2020.
Further, over the past four years, both businesses have continuously evolved to offer technologies underpinned by the knowledge gained from ongoing research and technology on a variety of collaborative and commercial programs.