Reports

Photonic Integrated Circuits (PIC) Market

Global Photonic Integrated Circuits (PIC) Market Report: By Integration Type: Monolithic Integration, Hybrid Integration; By Raw Material: III-V Material, Lithium Niobate, Silica-on-Silicon, Silicon-on-Insulator, Others; By Component: Lasers, Modulators, Detectors, Attenuators, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032

Global Photonic Integrated Circuits (PIC) Market Outlook

The global photonic integrated circuits (PIC) market size reached approximately USD 21.15 billion in 2023. The market is further projected to grow at a CAGR of 20.3% between 2024 and 2032, reaching a value of USD 113.98 billion by 2032.

 

Photonic Integrated Circuits (PIC) Market

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Photonic integrated circuit (PIC) technology is commonly used to transmit vast amounts of data at a very high speed and finds uses in the field of optical fibre.

 

Photonic Integrated Circuits (PIC): Market Segmentation

An integrated photonic circuit (PIC) or optical circuit is a system that incorporates several photonic functions and is similar to an integrated electronic circuit.

The photonic integrated circuits (PIC) industry can be divided based on segments like integration type, raw material, component, and application.

 

Photonic Integrated Circuits (PIC) Market by Component

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The industry can be broadly categorised on the basis of its integration type into:

  • Monolithic Integration
  • Hybrid Integration

The industry can be divided based on its raw material as:

  • III-V Material
  • Lithium Niobate
  • Silica-on-Silicon
  • Silicon-on-Insulator
  • Others

The industry can be divided based on its component as:

  • Lasers
  • Modulators
  • Detectors
  • Attenuators
  • Multiplexers/De-multiplexers
  • Optical Amplifiers

The industry can be categorised based on its application as:

  • Telecommunications
  • Biomedical
  • Data Centers
  • Optical Sensors(LiDAR)
  • Others

The EMR report looks into the regional photonic integrated circuits markets like North America, Europe, LAMEA, and the Asia Pacific regions.

 

Photonic Integrated Circuits (PIC) Market by Region

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Market Analysis

Some of the key factors driving the industry growth, such as a gradual transition from analogue to digital mode of operation, quantity computing research, increasing demand for data centre applications, increasing demand for photonic ICS over electronic ICS, and enhanced functionalities are leading to increased fields of application. The development of 3D-sensing applications around the industrial sector further increased demand for indium phosphide--based PICs in the photonic integrated circuits (PIC) industry.

 

Key Industry Players in the Global Photonic Integrated Circuits (PIC) Market

The report presents a detailed analysis of the following key players in the global photonic integrated circuits (PIC) market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Infinera Corporation
  • Coherent Corp. (II-VI Incorporated)
  • Intel Corporation
  • Lumentum Holdings Inc.
  • IBM Corporation
  • Cisco Systems, Inc.
  • STMicroelectronics N.V.
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Integration Type, Raw Material, Component, Application, Region
Breakup by Integration Type Monolithic Integration and Hybrid Integration
Breakup by Raw Material III-V Material, Lithium Niobate, Silica-on-Silicon, Silicon-on-Insulator, Others
Breakup by Component Lasers, Modulators, Detectors, Attenuators, Multiplexers/De-multiplexers, Optical Amplifiers
Breakup by Application Telecommunications, Biomedical, Data Centers, Optical Sensors(LiDAR), Others
Breakup by Region North America, Europe, Asia Pacific, LAMEA
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Infinera Corporation, Coherent Corp. (II-VI Incorporated), Intel Corporation, Lumentum Holdings Inc., IBM Corporation, Cisco Systems, Inc., STMicroelectronics N.V., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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


List of Key Figures and Tables

1.    Global Photonic Integrated Circuits (PIC) Market: Key Industry Highlights, 2018 and 2032
2.    Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Integration Type (USD Million), 2018-2023
3.    Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Integration Type (USD Million), 2024-2032
4.    Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Raw Material (USD Million), 2018-2023
5.    Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
6.    Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Component (USD Million), 2018-2023
7.    Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Component (USD Million), 2024-2032
8.    Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Application (USD Million), 2018-2023
9.    Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Application (USD Million), 2024-2032
10.    Global Photonic Integrated Circuits (PIC) Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
13.    Europe Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Photonic Integrated Circuits (PIC) Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Photonic Integrated Circuits (PIC) Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Photonic Integrated Circuits (PIC) Market Structure

Key Questions Answered in the Report

In 2023, the global photonic integrated circuits (PIC) market attained a value of nearly USD 21.15 billion.

The market is projected to grow at a CAGR of 20.3% between 2024 and 2032.

The major drivers of the market are gradual transition from analogue to digital modes of operation, quantity computing research, increasing demand for photonic ICS over electronic ICS, and enhanced functionalities leading to increased fields of application.

The key trends guiding the growth of the photonic integrated circuits (PIC) market include the development of 3D-sensing applications around the industrial sector and increasing demand for data centre applications.

The major regions in the market are North America, LAMEA, Europe, and the Asia Pacific.

Monolithic integration and hybrid integration are the major integration types of photonic integrated circuits (PIC) in the market.

Indium phosphide, gallium arsenide, lithium niobate, silicon, silicon-on-insulator, and others are the major raw materials of the product.

Lasers, modulators, detectors, attenuators, multiplexers/de-multiplexers, and optical amplifiers are the major components of photonic integrated circuits (PIC). 

Optical communication, sensing, optical signal processing, and the biophotonics are the significant application segments of photonic integrated circuits (PIC).

The major players in the market are Infinera Corporation, Coherent Corp. (II-VI Incorporated), Intel Corporation, Lumentum Holdings Inc., IBM Corporation, Cisco Systems, Inc., and STMicroelectronics N.V., among others.

Analyst Review

The global photonic integrated circuits (PIC) market is driven by gradual transition from analogue to digital mode of operation. Aided by the technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 20.3%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its integration types, the global photonic integrated circuits (PIC) industry can be segmented into monolithic integration and hybrid integration. On the basis of raw materials, the industry is divided into III-V material, lithium niobate, Silica-on-silicon, silicon-on-insulator, and others. On the basis of components, the industry is divided into lasers, modulators, detectors, attenuators, multiplexers/de-multiplexers, and optical amplifiers. On the basis of applications, the industry is segmented into telecommunications, biomedical, data Centers, and optical sensors(LiDAR). The major regional markets for photonic integrated circuits (PIC) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Infinera Corporation, Coherent Corp. (II-VI Incorporated), Intel Corporation, Lumentum Holdings Inc., IBM Corporation, Cisco Systems, Inc., and STMicroelectronics N.V.,among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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