Global Photonic Integrated Circuit Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Global Photonic Integrated Circuit Market (henceforth referred to as the market studied) was valued at USD 7,998.63 million in 2021, and it is projected to be worth USD 26421.83 million by 2027, registering a CAGR of 20.47% during the period of 2022-2027 (henceforth, referred to as the forecast period).
Key HighlightsThe Global Photonic Integrated Circuit Market is moderately competitive and consists of several major players like Neophotonics corporation, Poet Technologies, Cisco Systems Inc., Infinera Corporation, etc. In terms of market share, few of the major players currently dominate the market. However, with innovations and technological advancements, many of the companies are increasing their market presence by securing new contracts and by tapping new markets. Some of the recent developments in the market are:
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