Photonic Integrated Circuit Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The 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 26,421.83 million by 2027, registering a CAGR of 20.47% during the forecast period (2022-2027).
Key HighlightsThe photonic integrated circuit market is moderately competitive and consists of several major players like Neophotonics Corporation, Poet Technologies, Cisco Systems Inc., and Infinera Corporation. In terms of market share, few major players currently dominate the market. However, with innovations and technological advancements, many companies are increasing their market presence by securing new contracts and tapping new markets. Some of the recent developments in the market are:
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