At 15.2% CAGR, Asia Pacific Photonic Design Automation Market is Projected to be Worth US$ 1,421.68 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific photonic design automation market was valued at US$ 458.84 million in 2022 and is expected to reach US$ 1,421.68 million by 2030, registering a CAGR of 15.2% from 2022 to 2030. Advancements in photonic devices and emphasis on high performance and environmentally sustainable solutions are among the critical factors attributed to the Asia Pacific photonic design automation market expansion.

The Asia Pacific photonic design automation market is experiencing growth due to continuous advancements in photonic devices, such as silicon photonics and lasers. These advanced devices require sophisticated design tools and automation techniques to optimize performance and functionality. Performance and functionality demands are gain linked to several microtrends such as growing demand for data transfer speed, increased usage of additive manufacturing, and surging applications of remote sensing. Photonic sensors, which detect precise emissions of light or energy within the photonic spectrum thus have an expanding scope of applications in several industries, including energy, telecommunications, manufacturing, aerospace, and defense. For example, incorporating fiber-optic sensor technology into monitoring and measurement applications in the energy sector can help reduce waste and pollution. Aerospace and defense industries are also experiencing growth due to the expanded use of automated applications and new remote-sensing tools, driving the demand for photonic design automation. Photonic integrated circuits (PICs) are another area of advancement in photonic technologies. These circuits combine multiple photonic components on a single chip, enabling compact and efficient designs. The design and manufacturing of PICs require advanced automation software and techniques. The integration of meta-optics with waveguide technologies is also propelling photonic integrated circuits to new heights. The continuous advancements in photonic technologies highlight the need for sophisticated design tools and automation techniques to optimize the performance and functionality of these devices. Photonic design automation tools play a crucial role in streamlining the design process, automating repetitive tasks, and enabling faster design iterations. By utilizing these tools, designers can achieve efficiency gains, performance optimization, and cost reduction in their design workflows.

On the contrary, lack of awareness regarding benefits and capabilities of photonic design automation hampers the growth of Asia Pacific photonic design automation market.

Based on component, the Asia Pacific photonic design automation market is bifurcated into solution and service. The solution segment held 76.7% share of the Asia Pacific photonic design automation market in 2022, amassing US$ 352.09 million. It is projected to garner US$ 1,110.46 million by 2030 to expand at 15.4% CAGR during 2022-2030.

In terms of deployment, the Asia Pacific photonic design automation market is bifurcated into on-premise and cloud. The on-premise segment held 91.8% share of the Asia Pacific photonic design automation market in 2022, amassing US$ 421.00 million. It is estimated to garner US$ 1,273.31 million by 2030 to expand at 14.8% CAGR during 2022-2030.

By organization size, the Asia Pacific photonic design automation market is bifurcated into SMEs and large enterprises. The large enterprises segment held 79.9% share of Asia Pacific photonic design automation market in 2022, amassing US$ 366.41 million. It is predicted to garner US$ 1,122.12 million by 2030 to expand at 15.0% CAGR during 2022-2030.

In terms of application, the Asia Pacific photonic design automation market is bifurcated into academic research and industrial research & manufacturing. The industrial research & manufacturing segment held 87.9% share of the Asia Pacific photonic design automation market in 2022, amassing US$ 403.43 million. It is estimated to garner US$ 1,237.44 million by 2030 to expand at 15.0% CAGR during 2022-2030.

Based on country, the Asia Pacific photonic design automation market is categorized into Taiwan, China, Japan, South Korea, and the Rest of Asia Pacific. China held 32.3% share of Asia Pacific photonic design automation market in 2022, amassing US$ 148.35 million. It is projected to garner US$ 484.59 million by 2030 to expand at 15.9% CAGR during 2022-2030.

Key players operating in the Asia Pacific are Optiwave Systems Inc, Luceda Photonics, Cadence Design Systems Inc, Siemens AG, and Synopsys Inc, among others.

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