On January 27, 2025, Wave Photonics, a pioneering company in the field of photonics, made a groundbreaking announcement. The company unveiled a novel silicon nitride process specifically designed for quantum photonics, accompanied by a Process Design Kit. This innovative development is poised to transform the landscape of quantum computing and photonics.
The silicon nitride process developed by Wave Photonics enables the creation of high-performance photonics integrated circuits tailored for quantum applications. By leveraging this technology, researchers and engineers can design and fabricate complex quantum photonic systems with unprecedented precision and scalability.
The accompanying PDK empowers users to design and stimulate their quantum photonics circuits using a robust and well-characterized process. This streamlined design flow facilitates the rapid development and testing of quantum photonics devices. This will accelerate the pace of innovation in this field.
Wave Photonics groundbreaking announcement is expected to resonate throughout the quantum photonics community. By providing a robust and scalable silicon nitride process, coupled with a comprehensive PDK. Wave Photonics is poised to play a pivotal role in unlocking the full potential of quantum photonics.
As per the report published by Coherent Market Insights, the global photonics industry is set to expand at 7.9% between 2023 and 2030. By 2030, revenue is expected to reach a total of US$ 1391.4 Million from US$ 757.3 million in 2022. Growing demand for silicon-based photonics application is poised to lead growth in the global industry.
Increasing demand for eco-friendly solutions and high performance is poised to fuel growth in the global industry. Companies are now focusing on producing high-performance eco-friendly solutions to expand their footprints.
Moreover, growing demand for LiDAR technology is expected to fuel growth owing to the rising importance of autonomous driving. Technological advancement made in the field of photonics will lead to a number of innovations in the industry to provide eco-friendly solutions.
North America is poised to hold a dominating position in the global photonics industry during the forecast period. This is owing to growing adjacent industries including safety and protection applications, healthcare, lighting, and production technology. Additionally, high growth of data center industry in U.S. and the presence of several key players will drive region s growth.
Asia Pacific is set to hold the highest share in the global photonics industry during the forecast period. The growth is attributed by the frequent collaborations among key players and investment done by key companies will boost growth. Moreover, rising growth of economy and electronics sector in China fuel growth in the region.
Companies are launching new technologies owing to ongoing research and development efforts made in the supply chain. Furthermore, these key players are also using various strategies to expand their footprints in the global industry.
