Global Photonic Integrated Circuits Market Size study & Forecast, by Application (Telecommunications, Data Center, Biomedical, Quantum Computing, and Others) by Integration Type (Monolithic, Hybrid, Module) and Component (Lasers, MUX/DEMUX, Modulators, Op

The Global Photonic Integrated Circuits (PIC) Market is valued at approximately USD 14.54 billion in 2024 and is projected to expand at an extraordinary CAGR of 44.11% over the forecast period 2025-2035. Photonic integrated circuits integrate multiple photonic functions on a single chip, enabling ultra-high-speed data transmission, enhanced signal processing, and miniaturized optical components. These circuits are increasingly pivotal in telecommunications, data centers, quantum computing, and biomedical applications. The unprecedented demand is driven by the surge in global data traffic, adoption of high-bandwidth networks, and advancements in optical communication technologies, positioning PICs as a cornerstone of next-generation digital infrastructure.

The acceleration in cloud computing, high-performance computing, and telecommunication network upgrades has significantly amplified the adoption of photonic integrated circuits. Their ability to drastically reduce latency, improve energy efficiency, and support dense wavelength division multiplexing has made them indispensable in modern optical networks. According to industry insights, data center and telecommunications applications account for the majority of current PIC deployment, with quantum computing and biomedical applications presenting lucrative growth prospects. Nevertheless, production complexities and high initial investment costs pose challenges that require continual innovation in fabrication techniques.

The detailed segments and sub-segments included in the report are:

By Application:
• Telecommunications
• Data Center
• Biomedical
• Quantum Computing
• Others

By Integration Type:
• Monolithic
• Hybrid
• Module

By Component:
• Lasers
• MUX/DEMUX
• Modulators
• Optical Amplifiers
• Detectors
• Attenuators
• Others

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• ROE

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• RoAPAC

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Telecommunications currently dominates the application segment, accounting for the largest market share due to the accelerated deployment of 5G and optical fiber networks across the globe. This segment benefits from continuous innovation in photonic devices, increased investment in network infrastructure, and the demand for faster, low-latency communication. While telecommunications leads today, data center applications are expected to emerge as the fastest-growing segment due to rising cloud computing demands, AI workloads, and hyperscale infrastructure expansion, creating a highly dynamic growth environment.

Regarding integration type, monolithic PICs presently lead in revenue contribution, driven by their high performance, compact design, and superior reliability for large-scale deployment in telecom and data center environments. Hybrid PICs and module-based designs are increasingly gaining traction due to their flexibility, customization capabilities, and ability to integrate diverse photonic components efficiently. This segmentation illustrates the nuanced interplay between performance-driven demand and modular adoption patterns across different industries.

North America dominated the market in 2025, owing to its robust telecommunication infrastructure, advanced R&D ecosystem, and early adoption of photonic technologies in data centers and quantum computing initiatives. Europe maintains a significant share, buoyed by strong government investments and initiatives promoting high-speed optical networks. Asia Pacific is projected to be the fastest-growing region over the forecast period, led by China, Japan, and South Korea, driven by aggressive deployment of 5G networks, smart city projects, and high-capacity data centers. Latin America and the Middle East & Africa are experiencing gradual expansion due to increasing optical network deployments and technology adoption across healthcare and industrial sectors.

Major market players included in this report are:
• Infinera Corporation
• Lumentum Holdings Inc.
• II-VI Incorporated
• Intel Corporation
• Cisco Systems, Inc.
• Broadcom Inc.
• Ciena Corporation
• NeoPhotonics Corporation
• MACOM Technology Solutions
• Rockley Photonics Ltd.
• ADVA Optical Networking SE
• Finisar Corporation
• NTT Electronics Corporation
• Huawei Technologies Co., Ltd.
• Fujitsu Limited

Global Photonic Integrated Circuits Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025-2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of the competitive structure of the market.
• Demand side and supply side analysis of the market.

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