Photonic Integrated Circuits Market: Global Industry Size, Trends, Share, Growth, Opportunity and Forecast 2022-2027

The latest research studyPhotonic Integrated Circuits Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the Global Photonic Integrated Circuit Market the size reached 7.42 billion US dollars in 2021. Looking ahead, IMARC Group expects the market to reach a value of US$25.22 billion by 2027, growing at a CAGR of 21.10% in 2022-2027.

Impact of Covid-19:

We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Industry definition and application:

A photonic integrated circuit (PIC) includes various photonic and electronic components and devices, such as detectors, lasers, waveguides, modulators, optical interconnects, etc., in a single platform with sizes from nanoscale features. It generally relies on light for signaling and information transfer. A photonic integrated circuit helps to improve the performance of scientific instruments, subsystems, components, etc. With this in mind, it offers reliability, functionality, scalability, etc. extra compared to discrete systems. Therefore, a photonic integrated circuit finds wide applications in metrology, optical sensors, sensing in agriculture and autonomous driving, biomedical devices including lab-on-a-chip, etc.

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Photonic integrated circuit Trends and Drivers:

The expansion of the defense sector in several countries is mainly driving the photonic integrated circuit market. Additionally, the widespread adoption of products in fiber optic communication for manufacturing Externally Modulated Lasers (EML) is also catalyzing the growth of the market.

Additionally, photonic ICs enable weight, size, power, and cost reductions for advanced data processing, spacecraft microprocessors, communication and processor buses, etc., which play a role important in small spacecraft platforms. This, along with the increasing number of data centers, acts as another important growth factor.

Additionally, the shift in consumer preferences from analog to digital operation modes, numerous technological advancements in photonics, and growing demand for PIC over electronic ICS are also positively influencing the global market. Apart from this, increasing device miniaturization is expected to drive the photonic IC market over the forecast period

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Photonic Integrated Circuit Market Report scope

Report cover

Details

Market size value in 2021

US DOLLARS$ 7.42 billion

Market forecast in 2027

US DOLLARS$ 25.22 billion

Rate of growth

CAGR of 21.10% from 2022 to 2027

Base year for the estimate

2021

Historical data

2016-2021

Forecast period

2022-2027

Report cover

Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends

Segments Covered

Component, raw material, integration and application.

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Profiled Key Companies

Broadcom Inc., ColorChip Ltd., Hamamatsu Photonics KK, II-VI Incorporated, Infinera Corporation, Intel Corporation, LioniX International, POET Technologies and VLC Photonics SL (Hitachi Ltd.).

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Report segmentation:

The report has segmented the market into following categories:

Breakdown by component:

Laser

MUX/DEMUX

Optical amplifiers

Modulators

Attenuators

Detectors

Breakdown by raw material:

Indium phosphide (InP)

Gallium arsenide (GaAs)

Lithium niobate (LiNbO3)

Silicon

Silica on silicon

Breakdown by integration:

Monolithic integration

Hybrid integration

Module integration

Breakdown by application:

Fiber optic communication

Fiber optic sensor

Biomedical

quantum computing

By geography:

· North America

oh United States

oh Canada

· Asia Pacific

oh China

oh Japan

oh India

oh South Korea

oh Australia

oh Indonesia

oh Others

· Europe

oh Germany

oh France

oh UK

oh Italy

oh Spain

oh Russia

oh Others

· Latin America

oh Brazil

oh Mexico

oh Others

· Middle East and Africa

List of major key players:

The major market players are Broadcom Inc., ColorChip Ltd., Hamamatsu Photonics KK, II-VI Incorporated, Infinera Corporation, Intel Corporation, LioniX International, POET Technologies and VLC Photonics SL (Hitachi Ltd.).

About Us:

The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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