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Photonic Integrated Circuits (PIC) Market Report and Forecast 2024-2032

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    Report

  • 134 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921358
According to the report, the global photonic integrated circuits (PIC) market attained a value of USD 21.15 billion in 2023. The market is estimated to grow at a CAGR of 20.3% during 2024-2032 to reach a value of USD 113.98 billion by 2032.

Photonic integrated circuits (PIC), also known as integrated optoelectronics devices, are entities that consolidate multiple photonic functions. They primarily allow for the manipulation and transfer of optical signals, reducing the gap between photonics and electronics. Being compact and power-efficient, PICs have gradually emerged as the backbone for various high-speed, high-capacity telecommunication, and data communication systems.

One of the significant photonic integrated circuits (PIC) market trends is the growing shift towards high-speed data services, supported by the 5G revolution and expanding broadband infrastructure globally. This shift necessitates efficient, cost-effective, and compact solutions to manage vast volumes of data, propelling the demand for PICs.

Moreover, the rising adoption of cloud services, coupled with the proliferation of data centres, has further bolstered the photonic integrated circuits (PIC) market demand. The burgeoning requirements for efficient data storage and retrieval systems have enhanced the importance of PICs, given their prowess in facilitating quick data transfer with minimal energy consumption.

Furthermore, sensing applications represent a burgeoning frontier for the PIC market. From environmental monitoring to industrial process control, the demand for precise, real-time data is relentless. PICs, with their superior sensing capabilities, offer an optimal solution, ensuring real-time data acquisition and processing with better accuracy.

The photonic integrated circuits (PIC) market analysis highlights the role of PICs in biomedical applications. They are fast gaining traction in medical imaging systems, given their precision and efficiency. Optical coherence tomography and endoscopic imaging are some of the many biomedical processes that are benefitting from the integration of PICs.

The drive towards miniaturised electronic devices, be it consumer gadgets or specialised industrial equipment, fuels the growth of the PIC market. The need for compact, efficient, and power-conserving components is higher than ever. PICs, given their intrinsic design and operational advantages fulfil this need efficiently. Their ability to handle multiple optical functions simultaneously makes them the preferred choice for various applications.

The expanding realm of quantum computing further supports the photonic integrated circuits (PIC) market growth. Quantum computers, focused to revolutionise computing, rely heavily on PICs to handle and process quantum information. As research in this domain intensifies and quantum computers come closer to reality, the importance of PICs in this domain is expected to further rise.

Market Segmentation

The market can be divided based on type, raw material, component, application, and region.

Market Breakup by Type

  • Monolithic Integration
  • Hybrid Integration

Market Breakup by Raw Material

  • III-V Material
  • Lithium Niobate
  • Silica-on-Silicon
  • Silicon-on-Insulator
  • Others

Market Breakup by Component

  • Lasers
  • Modulators
  • Detectors
  • Transceivers
  • Multiplexers/De-multiplexers
  • Optical Amplifiers

Market Breakup by Application

  • Telecommunications
  • Biomedical
  • Data Centers
  • Optical Sensors(LiDAR)
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global photonic integrated circuits (PIC) market. Some of the major players explored in the report are as follows:
  • Infinera Corporation
  • II-VI Incorporated
  • NeoPhotonics Corporation
  • Intel Corporation
  • Lumentum Operations LLC
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Photonic Integrated Circuits (PIC) Market Analysis
8.1 Key Industry Highlights
8.2 Global Photonic Integrated Circuits (PIC) Historical Market (2018-2023)
8.3 Global Photonic Integrated Circuits (PIC) Market Forecast (2024-2032)
8.4 Global Photonic Integrated Circuits (PIC) Market by Integration Type
8.4.1 Monolithic Integration
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hybrid Integration
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Photonic Integrated Circuits (PIC) Market by Raw Material
8.5.1 III-V Material
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Lithium Niobate
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Silica-on-Silicon
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Silicon-on-Insulator
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Photonic Integrated Circuits (PIC) Market by Component
8.6.1 Lasers
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Modulators
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Detectors
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Attenuators
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Multiplexers/De-multiplexers
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Optical Amplifiers
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.7 Global Photonic Integrated Circuits (PIC) Market by Application
8.7.1 Telecommunications
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Biomedical
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Data Centers
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Optical Sensors(LiDAR)
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Photonic Integrated Circuits (PIC) Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 LAMEA
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
9 North America Photonic Integrated Circuits (PIC) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Photonic Integrated Circuits (PIC) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Photonic Integrated Circuits (PIC) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Taiwan
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 LAMEA Photonic Integrated Circuits (PIC) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Turkey
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyer's Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Infinera Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Coherent Corp. (II-VI Incorporated)
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Intel Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Lumentum Holdings Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 IBM Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Cisco Systems, Inc., , Others
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 STMicroelectronics N.V.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Photonic Integrated Circuits (PIC) Market: Key Industry Highlights, 2018 and 2032
2. Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Integration Type (USD Million), 2018-2023
3. Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Integration Type (USD Million), 2024-2032
4. Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Raw Material (USD Million), 2018-2023
5. Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
6. Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Component (USD Million), 2018-2023
7. Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Component (USD Million), 2024-2032
8. Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Application (USD Million), 2018-2023
9. Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Application (USD Million), 2024-2032
10. Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
13. Europe Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Global Photonic Integrated Circuits (PIC) Market Structure

Companies Mentioned

  • Infinera Corporation
  • Coherent Corp. (II-VI Incorporated)
  • Intel Corporation
  • Lumentum Holdings Inc.
  • IBM Corporation
  • Cisco Systems, Inc.
  • STMicroelectronics N.V.

Methodology

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Table Information