The global market for Photonic Integrated Circuit (PIC) was valued at US$1.9 Billion in 2024 and is projected to reach US$5.5 Billion by 2030, growing at a CAGR of 19.7% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Global Photonic Integrated Circuit (PIC) Market - Key Trends & Drivers Summarized
What Is a Photonic Integrated Circuit (PIC), and Why Is It Transformative?
A Photonic Integrated Circuit (PIC) integrates multiple photonic functions, typically performed by separate optical components, into a single chip. This technology leverages the properties of light to perform functions that electronic integrated circuits execute using electrons. The transformative nature of PICs lies in their ability to process and transmit data at speeds significantly faster than traditional electronic devices, while also reducing energy consumption and heat generation. These capabilities make PICs highly advantageous for applications in high-speed data transmission systems, such as telecommunications and data center networks, where large volumes of data need to be processed quickly and efficiently.How Are PICs Evolving with Technological Advancements?
Technological advancements in materials science, fabrication techniques, and design methodologies are driving the evolution of PICs. The use of new materials such as silicon nitride and indium phosphide has enhanced the performance characteristics of PICs, enabling broader wavelength operation and higher power handling capabilities. Advances in lithography and etching techniques have allowed for more precise and complex photonic structures, which increase the integration density and functionality of PICs. Additionally, improvements in packaging technology are crucial for reducing losses at the interface between the photonic chip and external fiber connections, further boosting the efficiency of PIC systems.What Industries Are Leveraging PIC Technology for Innovation?
The use of PIC technology spans several industries, each harnessing its capabilities to foster innovation and enhance performance. In telecommunications, PICs are pivotal for developing more efficient and scalable optical networks that can handle the increasing demand for bandwidth driven by video streaming, cloud computing, and IoT (Internet of Things) connectivity. The biomedical field also benefits from PIC technology, particularly in biosensing devices, where PICs are used for lab-on-a-chip applications that require precise manipulation and analysis of light for diagnostics. Additionally, the aerospace and automotive industries are exploring the use of PICs in lidar systems for navigation and safety applications, given their ability to provide highly accurate and reliable data on the vehicle's surroundings.What Factors Are Fueling the Expansion of the PIC Market?
The growth in the PIC market is driven by several factors, reflecting the technology’s broadening applications and its alignment with current digital trends. The relentless demand for higher bandwidth in data communications is a significant driver, as service providers seek to upgrade their infrastructure to support faster and more reliable data transfer. The integration of PICs into consumer electronics, particularly for data connectivity and sensor applications, is spurred by the ongoing digital transformation and the adoption of smart devices. Additionally, ongoing research and development aimed at overcoming current limitations in PIC technology, such as integration with other electronic components and mass manufacturability, promise to broaden their utility and decrease costs. These technological innovations, coupled with the growing need for energy-efficient solutions in data handling and communications, ensure a dynamic growth trajectory for the PIC market, securing its role in the future of photonics and integrated circuits.Scope of the Study
The report analyzes the Photonic Integrated Circuit (PIC) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Technique (Hybrid Integration, Monolithic Integration, Module Integration); Raw Material [Indium Phosphide (InP), Silicon-on-Insulator (SOI), Gallium Arsenide (GaAs), Silicon (Si), Other Raw Materials]; Application (Optical Communications, Optical Signal Processing, Other Applications).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Hybrid Integration Technique segment, which is expected to reach US$2.7 Billion by 2030 with a CAGR of a 18.6%. The Monolithic Integration Technique segment is also set to grow at 22.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $708.2 Million in 2024, and China, forecasted to grow at an impressive 30.8% CAGR to reach $996.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Acacia Communications, Inc., Broadcom, Inc., Ciena Corporation, Infinera Corporation, Intel Corporation and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Photonic Integrated Circuit (PIC) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Photonic Integrated Circuit (PIC) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Photonic Integrated Circuit (PIC) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 98 major companies featured in this Photonic Integrated Circuit (PIC) market report include:
- Acacia Communications, Inc.
- Broadcom, Inc.
- Ciena Corporation
- Infinera Corporation
- Intel Corporation
- IPG Photonics Corporation
- Modular Photonics
- OmniSensing Photonics LLC
- Teem Photonics
- Viavi Solutions, Inc.
- Wooriro Co. Ltd.
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISFRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPEINDIASOUTH KOREATAIWANREST OF ASIA-PACIFICREST OF LATIN AMERICAREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
ASIA-PACIFIC
LATIN AMERICA
BRAZIL
MEXICO
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Acacia Communications, Inc.
- Broadcom, Inc.
- Ciena Corporation
- Infinera Corporation
- Intel Corporation
- IPG Photonics Corporation
- Modular Photonics
- OmniSensing Photonics LLC
- Teem Photonics
- Viavi Solutions, Inc.
- Wooriro Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 463 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 1.9 Billion |
| Forecasted Market Value ( USD | $ 5.5 Billion |
| Compound Annual Growth Rate | 19.7% |
| Regions Covered | Global |
