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

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


Market Outlook

According to the report by Expert Market Research (EMR), the global photonic integrated circuits (PIC) market size is projected to grow at a CAGR of 27.50% between 2024 and 2032. Aided by increasing demand for data centre applications and increasing demand for photonic ICS over electronic ICS, the market is expected to grow significantly 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 EMR 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 by Expert Market Research are as follows:
  • Infinera Corporation
  • II-VI Incorporated
  • NeoPhotonics Corporation
  • Intel Corporation
  • Lumentum Operations LLC
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 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 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Hybrid Integration
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 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 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Lithium Niobate
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Silica-on-Silicon
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Silicon-on-Insulator
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 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 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Modulators
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Detectors
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Attenuators
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Multiplexers/De-multiplexers
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
8.6.6 Optical Amplifiers
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2023)
8.6.6.3 Forecast Trend (2024-2032)
8.7 Global Photonic Integrated Circuits (PIC) Market by Application
8.7.1 Telecommunications
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Biomedical
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Data Centers
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Optical Sensors(LiDAR)
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 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 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 LAMEA
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
9 North America Photonic Integrated Circuits (PIC) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Photonic Integrated Circuits (PIC) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Photonic Integrated Circuits (PIC) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Taiwan
11.6.1 Market Share
11.6.2 Historical Trend (2018-2023)
11.6.3 Forecast Trend (2024-2032)
11.7 Others
12 LAMEA Photonic Integrated Circuits (PIC) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Turkey
12.4.1 Market Share
12.4.2 Historical Trend (2018-2023)
12.4.3 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

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