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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.
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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.
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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.
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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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