Photonic Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Photonic Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global photonic integrated circuit market size reached US$ 9.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.4 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.

A photonic integrated circuit (PIC) consists of multiple photonic and electronic components and devices, such as lasers, detectors, waveguides, modulators, and optical interconnects, in a single platform with nanometer-scale feature sizes. It relies on light for information signaling and transfer and assists in improving the performance of science instruments, constituents, and subsystems. Besides this, as it offers additional functionality, reliability, and scalability than discrete systems, PIC finds extensive applications in optical sensors, metrology, sensing in agriculture and autonomous driving, and biomedical devices like lab-on-a-chip devices worldwide.

Photonic Integrated Circuit Market Trends:
At present, there is a considerable increase in the use of PICs in fiber-optic communication to make externally modulated lasers (EML). This, in confluence with the thriving defense sector, represents one of the key factors bolstering the growth of the market. Moreover, unlike conventional free-space optics with long atmospheric path-lengths, PIC-based sensors rely on light confined within and transmitted through a dielectric waveguide or semiconductor. As a result, the usage of PIC-based biochemical sensors is rising across the globe. Furthermore, recent technological advancements in photonics are offering lucrative growth opportunities to industry investors. Apart from this, PICs permit size, weight, power, and cost reductions for spacecraft microprocessors, advanced data processing, and communication and processor buses, which play a pivotal role in small spacecraft platforms. This, coupled with the rapid expansion of data centers, is strengthening the market growth. Some of the other factors driving the market include rising miniaturization of devices, a gradual shift from analogue to digital mode of operation, significant growth in the aerospace industry, and the increasing demand for PICs over electronic ICS around the world.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global photonic integrated circuit market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, raw material, integration and application.

Breakup by Component:

Optical Amplifiers

Breakup by Raw Material:

Indium Phosphide (InP)
Gallium Arsenide (GaAs)
Lithium Niobate (LiNbO3)

Breakup by Integration:

Monolithic Integration
Hybrid Integration
Module Integration

Breakup by Application:

Optical Fiber Communication
Optical Fiber Sensor
Quantum Computing

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., ColorChip Ltd., Hamamatsu Photonics K.K., II-VI Incorporated, Infinera Corporation, Intel Corporation, LioniX International, POET Technologies and VLC Photonics S.L. (Hitachi Ltd.).

Key Questions Answered in This Report:
How has the global photonic integrated circuit market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global photonic integrated circuit market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the raw material?
What is the breakup of the market based on the integration?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global photonic integrated circuit market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Photonic Integrated Circuit Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Lasers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Optical Amplifiers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Modulators
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Attenuators
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Detectors
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Raw Material
7.1 Indium Phosphide (InP)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gallium Arsenide (GaAs)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Lithium Niobate (LiNbO3)
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Silicon
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Silica-on-Silicon
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Integration
8.1 Monolithic Integration
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Hybrid Integration
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Module Integration
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Optical Fiber Communication
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Optical Fiber Sensor
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Biomedical
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Quantum Computing
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States Market Trends Market Forecast
10.1.2 Canada Market Trends Market Forecast
10.2 Asia-Pacific
10.2.1 China Market Trends Market Forecast
10.2.2 Japan Market Trends Market Forecast
10.2.3 India Market Trends Market Forecast
10.2.4 South Korea Market Trends Market Forecast
10.2.5 Australia Market Trends Market Forecast
10.2.6 Indonesia Market Trends Market Forecast
10.2.7 Others Market Trends Market Forecast
10.3 Europe
10.3.1 Germany Market Trends Market Forecast
10.3.2 France Market Trends Market Forecast
10.3.3 United Kingdom Market Trends Market Forecast
10.3.4 Italy Market Trends Market Forecast
10.3.5 Spain Market Trends Market Forecast
10.3.6 Russia Market Trends Market Forecast
10.3.7 Others Market Trends Market Forecast
10.4 Latin America
10.4.1 Brazil Market Trends Market Forecast
10.4.2 Mexico Market Trends Market Forecast
10.4.3 Others Market Trends Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Broadcom Inc. Company Overview Product Portfolio Financials SWOT Analysis
15.3.2 ColorChip Ltd. Company Overview Product Portfolio
15.3.3 Hamamatsu Photonics K.K. Company Overview Product Portfolio Financials
15.3.4 II-VI Incorporated Company Overview Product Portfolio Financials
15.3.5 Infinera Corporation Company Overview Product Portfolio Financials
15.3.6 Intel Corporation Company Overview Product Portfolio Financials SWOT Analysis
15.3.7 LioniX International Company Overview Product Portfolio
15.3.8 POET Technologies Company Overview Product Portfolio Financials
15.3.9 VLC Photonics S.L. (Hitachi Ltd.) Company Overview Product Portfolio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings