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Global Photonic Integrated Circuits Market Size, Forecast: 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, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Photonic Integrated Circuits (PIC) Market Analysis by Region
The Asia Pacific is anticipated to hold a dominant position in the photonic integrated circuits (PIC) market in the coming years. In Q2 2023 South Korea, China, and Japan stood as the top countries in the adoption of 5G. China occupies a top position in the market for LiDAR. The growing developments in logistics, smart infrastructures, robot axes, and delivery robots, coupled with the booming smart driving sector, contribute to the increased adoption of photonics devices.
The North America photonic integrated circuits (PIC) market is being driven by the presence of several optical component manufacturers finding applications in various end-use segments. North America is a leader in the uptake of 5G connections. By Q4 2022, North America accounted for a total of 119 million 5G and 507 million LTE connections. In 2022, 5G subscription penetration in North America stood at 41%.
Europe holds a growing photonic integrated circuits (PIC) market share and is driven by the presence of an extensive range of companies, with 86% of the 5000 European firms being SMEs specialising in sensors, lasers, optics, fibres, and photonic integrated circuits.
Photonic Integrated Circuits (PIC) Market Report Snapshots
Photonic Integrated Circuits (PIC) Market Size
Photonic Integrated Circuits (PIC) Market Trends
Photonic Integrated Circuits (PIC) Companies
Photonic Integrated Circuits (PIC) Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
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 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Hybrid Integration
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 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 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Lithium Niobate
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Silica-on-Silicon
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Silicon-on-Insulator
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 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 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Modulators
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Detectors
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Attenuators
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Multiplexers/De-multiplexers
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Optical Amplifiers
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.7 Global Photonic Integrated Circuits (PIC) Market by Application
8.7.1 Telecommunications
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Biomedical
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Data Centers
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Optical Sensors(LiDAR)
8.8 Global Photonic Integrated Circuits (PIC) Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 LAMEA
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
9 North America Photonic Integrated Circuits (PIC) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Photonic Integrated Circuits (PIC) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Photonic Integrated Circuits (PIC) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 South Korea
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Taiwan
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 LAMEA Photonic Integrated Circuits (PIC) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Turkey
12.4.1 Historical Trend (2018-2023)
12.4.2 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.,
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 market value was nearly USD 21,150 million.
The global market is projected to grow at a CAGR of 20.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 113,984 million by 2032.
The major market drivers include increasing application of PIC in various end use sectors, increasing adoption of 5G technology, and expanding data centres.
The key trends include the rising telecommunication network traffic and growing demand for data centres that require higher speed, increased bandwidth, and peak data rates.
The different integration types of PIC include monolithic integration and hybrid integration.
The major raw materials used in PIC include III-V material, lithium niobate, silica-on-silicon, and silicon-on-insulator, among others.
Who are the key market players, according to the global photonic integrated circuits (PIC) industry?
The major players in the market include Infinera Corporation, Coherent Corp. (II-VI Incorporated), Intel Corporation, Lumentum Holdings Inc., IBM Corporation, Cisco Systems, Inc., and STMicroelectronics N.V.
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