Photonic Integrated Circuits (PICs) Market Size, Trends and Insights By Component (Lasers, MUX/DEMUX, Optical Amplifiers, Modulators, Attenuators, Detectors), By Raw Material (Indium Phosphide (InP), Gallium Arsenide (GaAs), Lithium Niobate (LiNbO3), Silicon, Silica-on-Silicon), By Integration (Monolithic Integration, Hybrid Integration, Module Integration), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI37735

Published Date: January 2024

Pages: 320+

Category: Technology

Report Snapshot

CAGR: 18.8%
9.2B
2022
12.5B
2023
52.1B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Intel Corporation
  • IBM Corporation
  • Mellanox Technologies
  • Huawei Technologies Co. Ltd.
  • NeoPhotonics Corporation
  • Others

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Reports Description

Global Photonic Integrated Circuits (PICs) Market is expected to witness significant growth from 2023 to 2032, driven by the increasing demand for high-speed data transmission, advancements in optical communication technologies, and the expanding applications of photonics in various industries.

The market is projected to achieve a Compound Annual Growth Rate (CAGR) of approximately 18.8% during this period. In 2023, the market is estimated to be valued at USD 12.5 Billion, and it is expected to reach USD 52.1 Billion by 2032.

The growing need for efficient and compact photonic devices, along with the rising adoption of PICs in optical communication networks, contribute to the dynamic growth of the Photonic Integrated Circuits (PICs) Market.

Market Overview:

The Photonic Integrated Circuits (PICs) Market comprises devices that integrate multiple optical components on a single chip, enabling the manipulation and control of light for various applications. These integrated circuits play a crucial role in optical communication, sensing, biophotonics, quantum computing, and other photonics-related fields.

The market has witnessed significant technological advancements, leading to the development of compact and power-efficient photonic devices. The evolution of PICs has resulted in improved data transmission speeds, enhanced sensing capabilities, and the integration of photonics into emerging technologies like quantum computing.

Photonic Integrated Circuits (PICs) represent a groundbreaking technology that utilizes principles of photonics to consolidate various optical components onto a singular chip. In a manner analogous to electronic integrated circuits (ICs), PICs bring together multiple functions onto a unified platform.

However, what sets them apart is their manipulation and transmission of photons (light) instead of electrical signals. PICs find applications in telecommunications, data communication, and various other fields.

The advantages of PICs are noteworthy. Their high efficiency allows for swift data transmission at substantial bandwidths, all while consuming less power compared to traditional electronic circuits. Moreover, PICs possess inherent immunity to electromagnetic interference and can transmit data over extended distances without experiencing signal degradation.

These features are particularly advantageous in cutting-edge technologies like 5G networks, where rapid and reliable data transmission plays a crucial role. In addition to their role in telecommunications, PICs play a pivotal part in emerging domains such as quantum computing and sensing, where the manipulation of individual photons is fundamental.

The compact size and scalability of PICs make them increasingly indispensable in industries seeking miniaturization and heightened performance.

In summary, Photonic Integrated Circuits present a transformative technology with applications ranging from telecommunications to quantum computing. Their efficiency, immunity to interference, and applicability in emerging technologies position them as a key enabler for advancements in various industries.

Factors Influencing the Photonic Integrated Circuits (PICs) Market Growth:

Rapid Advancements in Optical Communication:

  • Opportunity: Ongoing advancements in optical communication technologies drive the demand for high-performance PICs in data centers, telecommunications, and fiber-optic networks.
  • Impact: The integration of PICs enhances the efficiency and speed of optical communication, contributing to market growth.

Expansion in Quantum Computing:

  • Opportunity: The growing interest and investments in quantum computing technologies create opportunities for the integration of PICs in quantum processors and quantum communication systems.
  • Impact: PICs play a crucial role in manipulating and controlling photons in quantum computing applications, supporting the market’s expansion.

Increasing Demand for Biophotonics:

  • Opportunity: The application of PICs in biophotonics for medical imaging, diagnostics, and research drives the demand for compact and versatile photonic devices.
  • Impact: PICs enable precise light control in biophotonics applications, contributing to advancements in medical technologies and influencing market growth.

Emergence of Silicon Photonics:

  • Opportunity: Silicon photonics technology offers cost-effective and scalable solutions for PICs, leading to increased adoption in various applications.
  • Impact: Silicon photonics-based PICs provide compact and efficient solutions, contributing to market growth across industries.

Advancements in Sensing Technologies:

  • Opportunity: PICs play a crucial role in advanced sensing applications, including environmental monitoring, industrial sensing, and autonomous vehicles.
  • Impact: The integration of PICs enhances the sensitivity and accuracy of sensing devices, driving their adoption in diverse industries.

Global Photonic Integrated Circuits (PICs) Market 2023–2032 (By Integration)

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Photonic Integrated Circuits (PICs) Market – Mergers and Acquisitions

Acquisition by Intel Corporation:

  • Details: Intel Corporation, a leading semiconductor and technology company, acquired a prominent PIC manufacturer.
  • Impact: This acquisition strengthens Intel’s position in the photonics industry, enabling the company to offer comprehensive solutions in the growing market for high-speed data transmission and communication.

Strategic Partnership between Telecom Giant and PICs Innovator:

  • Details: A major telecommunications company entered into a strategic partnership with a specialized PICs innovator.
  • Impact: This collaboration aims to integrate PICs into the telecom company’s infrastructure, fostering the development of advanced communication systems and enhancing the overall efficiency of their network.

Acquisition of PICs Start-up by Global Technology Conglomerate:

  • Details: A global technology conglomerate acquired a promising PICs start-up known for its breakthroughs in monolithic integration technology.
  • Impact: This acquisition accelerates the scaling-up of PIC manufacturing processes and bolsters the conglomerate’s foothold in the emerging market for compact and high-performance photonic solutions.

Strategic Investment by Venture Capital in PICs Innovator:

  • Details: A venture capital firm made a strategic investment in an emerging PICs innovator focused on applications in quantum computing and sensing.
  • Impact: The infusion of capital facilitates the innovator’s research and development efforts, enabling the exploration of new applications and the advancement of PIC technology in cutting-edge fields.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Photonic Integrated Circuits (PICs) Market LED Grow Light Market Game Music Market
CAGR 18.8% (Approx) CAGR 23.5% (Approx) CAGR 8.1% (Approx)
USD 52.1 Billion by 2032 USD 15.8 Billion by 2032 USD 3456.8 Million by 2032

Photonic Integrated Circuits (PICs) Market Trends:

The global market for Photonic Integrated Circuits (PICs) is primarily steered by the escalating demand for higher data transmission rates, particularly evident in telecommunications and data centers.

This surge is further propelled by the rapid expansion of 5G networks and the imminent transition to 6G, necessitating the integration of photonics to effectively manage unprecedented data loads and communication speeds. This heightened demand contributes significantly to the widespread adoption of PICs.

Moreover, the advent of cutting-edge technologies like quantum computing and quantum communication relies extensively on the capabilities of PICs to manipulate and control individual photons. PICs play a pivotal role in facilitating groundbreaking advancements in these fields, solidifying their importance in the technological landscape.

The scalability and cost-effectiveness of manufacturing techniques for PICs further enhance their accessibility, making these devices increasingly available across a diverse range of industries and applications, extending from healthcare to automotive sectors.

The environmental benefits associated with photonics, including reduced energy consumption and heat generation, align seamlessly with the global emphasis on sustainability. As industries actively seek eco-friendly solutions, these environmental advantages contribute significantly to driving the growth of the PICs market.

In essence, the demand for higher data transmission rates, coupled with the versatility and eco-friendly nature of PICs, positions them as integral components in addressing the evolving needs of diverse industries worldwide. The burgeoning defense sector presents many opportunities for the Photonic Integrated Circuits (PICs) market.

The modern landscape of military operations is increasingly reliant on advanced technology, particularly in areas such as communication, surveillance, and precision targeting. In this context, PICs emerge as critical components, playing a pivotal role in augmenting and enhancing these capabilities.

Within the military domain, the need for secure and high-speed data transmission is paramount. PICs contribute significantly by enabling optical communication systems that surpass traditional electronic systems in terms of bandwidth, latency, and security.

This is particularly crucial for the transmission of sensitive information, ensuring operational effectiveness and maintaining the confidentiality of critical data. Moreover, as the defense sector advances in the development of laser-based weaponry and directed energy systems, the precise control of optical signals becomes imperative.

In this realm, PICs prove indispensable as they facilitate the manipulation and management of laser beams. This capability is instrumental in applications such as target designation and the implementation of countermeasures against potential threats.

In essence, the expanding defense sector stands as a key driver for the PICs market, with these integrated circuits playing a crucial role in fortifying and advancing military capabilities across various technological fronts.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 12.5 Billion
Projected Market Size in 2032 USD 52.1 Billion
Market Size in 2022 USD 9.2 Billion
CAGR Growth Rate 18.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Component, Raw Material, Integration and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Segmentation Analysis of the Photonic Integrated Circuits (PICs) Market:

By Integration Type:

Monolithic integration stands as a pivotal and influential category shaping the Photonic Integrated Circuits (PICs) market. This approach involves the integration of all optical components, including lasers, waveguides, and detectors, onto a single semiconductor substrate. Monolithic integration brings forth several key advantages, notably compact size, high performance, and cost-effectiveness.

PICs developed through monolithic integration exhibit superior levels of integration and efficiency, making them particularly well-suited for applications where considerations of space, power, and precision are paramount.

These applications span diverse fields such as data centers, telecommunications networks, and optical sensing devices. The monolithic integration approach simplifies manufacturing processes, mitigates the risk of alignment errors, and facilitates the creation of highly customized and specialized PICs tailored to specific applications.

As the demand escalates for smaller, faster, and more efficient photonic solutions, monolithic integration remains a driving force in propelling PIC technology forward and expanding its presence across various industries.

Its role in streamlining manufacturing, enhancing performance, and enabling customization positions monolithic integration as a key enabler in meeting the evolving needs of industries seeking advanced photonic solutions.

By Component:

Photonic Integrated Circuits (PICs) consist of various components that enable the manipulation and control of light. Lasers are crucial for generating coherent light, while modulators control the intensity or phase of the light signal.

Detectors capture and convert light signals into electrical signals, and attenuators regulate the light intensity. Optical amplifiers boost the strength of the light signal for long-distance transmission. Other components, such as filters and couplers, contribute to the overall functionality of PICs. The selection of components depends on the specific application, influencing their integration into PICs.

By Application:

The versatility of Photonic Integrated Circuits (PICs) allows their use in diverse applications, including optical communication, sensing, biophotonics, quantum computing, and more. In optical communication, PICs play a crucial role in data transmission, enabling high-speed and efficient communication in networks.

Sensing applications utilize PICs for environmental monitoring, industrial sensing, and autonomous vehicles, enhancing accuracy and sensitivity. Biophotonics applications involve medical imaging, diagnostics, and research, where compact and precise PICs contribute to advancements in healthcare technologies.

Quantum computing applications leverage PICs for manipulating and controlling photons in quantum processors, supporting the development of quantum communication systems.

Global Photonic Integrated Circuits (PICs) Market 2023–2032 (By Billion)

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Regional Analysis of the Photonic Integrated Circuits (PICs) Market:

  • Asia Pacific: The Asia Pacific region is expected to witness significant growth in the Photonic Integrated Circuits (PICs) Market, driven by the increasing demand for high-speed data transmission, advancements in telecommunications, and the adoption of photonics in emerging technologies. China, in particular, is a key player in the region, with a focus on deploying PICs in telecommunications and data center applications. Government support and investments in research and development contribute to the growth of the PICs market in the Asia Pacific.
  • North America: North America holds a substantial share in the Photonic Integrated Circuits (PICs) Market, with the United States playing a leading role in the development and adoption of PICs. The region benefits from a strong presence of key players, research institutions, and a robust telecommunications infrastructure. The growing demand for high-performance optical communication solutions in data centers and telecommunications drives the market in North America.
  • Europe: Europe is poised for significant developments in the Photonic Integrated Circuits (PICs) Market, with a focus on applications in biophotonics, quantum computing, and telecommunications. The integration of PICs in healthcare and research applications contributes to the market’s growth in the region. European countries, including Germany, the United Kingdom, and France, are actively involved in advancing photonics technologies, influencing the adoption of PICs.

Continuous technological advancements, evolving trends, and a competitive landscape characterize the Photonic Integrated Circuits (PICs) Market. Market players need to adapt to changing customer demands, address challenges, and seize opportunities to stay ahead in this dynamic market. As the demand for high-speed data transmission, efficient sensing technologies, and advancements in photonics applications continue to grow, the Photonic Integrated Circuits (PICs) Market is expected to play a pivotal role in shaping the future of optical communication and photonics-related industries.

Global Photonic Integrated Circuits (PICs) Market 2023–2032 (By Raw Material)

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List of the prominent players in the Photonic Integrated Circuits (PICs) Market:

  • Intel Corporation
  • IBM Corporation
  • Mellanox Technologies
  • Huawei Technologies Co. Ltd.
  • NeoPhotonics Corporation
  • Acacia Communications
  • Infinera Corporation
  • Finisar Corporation
  • Lumentum Holdings Inc.
  • II-VI Incorporated
  • Alcatel-Lucent S.A. (Nokia Corporation)
  • AIM Photonics
  • Optium
  • POET Technologies
  • California Eastern Laboratories (CEL)
  • Others

The Photonic Integrated Circuits (PICs) Market is segmented as follows:

By Component

  • Lasers
  • MUX/DEMUX
  • Optical Amplifiers
  • Modulators
  • Attenuators
  • Detectors

By Raw Material

  • Indium Phosphide (InP)
  • Gallium Arsenide (GaAs)
  • Lithium Niobate (LiNbO3)
  • Silicon
  • Silica-on-Silicon

By Integration

  • Monolithic Integration
  • Hybrid Integration
  • Module Integration

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Photonic Integrated Circuits (PICs) Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Photonic Integrated Circuits (PICs) Market: snapshot
  • Chapter 3. Global Photonic Integrated Circuits (PICs) Market – Industry Analysis
    • 3.1 Photonic Integrated Circuits (PICs) Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rapid Advancements in Optical Communication
      • 3.2.2 Expansion in Quantum Computing
      • 3.2.3 Increasing Demand for Biophotonics
      • 3.2.4 Emergence of Silicon Photonics
      • 3.2.5 Advancements in Sensing Technologies.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Component
      • 3.7.2 Market Attractiveness Analysis By Raw Material
      • 3.7.3 Market Attractiveness Analysis By Integration
  • Chapter 4. Global Photonic Integrated Circuits (PICs) Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Photonic Integrated Circuits (PICs) Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Photonic Integrated Circuits (PICs) Market – Component Analysis
    • 5.1 Global Photonic Integrated Circuits (PICs) Market Overview: By Component
      • 5.1.1 Global Photonic Integrated Circuits (PICs) Market Share, By Component, 2022 and 2032
    • 5.2 Lasers
      • 5.2.1 Global Photonic Integrated Circuits (PICs) Market by Lasers, 2023 – 2032 (USD Billion)
    • 5.3 MUX/DEMUX
      • 5.3.1 Global Photonic Integrated Circuits (PICs) Market by MUX/DEMUX, 2023 – 2032 (USD Billion)
    • 5.4 Optical Amplifiers
      • 5.4.1 Global Photonic Integrated Circuits (PICs) Market by Optical Amplifiers, 2023 – 2032 (USD Billion)
    • 5.5 Modulators
      • 5.5.1 Global Photonic Integrated Circuits (PICs) Market by Modulators, 2023 – 2032 (USD Billion)
    • 5.6 Attenuators
      • 5.6.1 Global Photonic Integrated Circuits (PICs) Market by Attenuators, 2023 – 2032 (USD Billion)
    • 5.7 Detectors
      • 5.7.1 Global Photonic Integrated Circuits (PICs) Market by Detectors, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Photonic Integrated Circuits (PICs) Market – Raw Material Analysis
    • 6.1 Global Photonic Integrated Circuits (PICs) Market Overview: By Raw Material
      • 6.1.1 Global Photonic Integrated Circuits (PICs) Market Share, By Raw Material, 2022 and 2032
    • 6.2 Indium Phosphide (InP)
      • 6.2.1 Global Photonic Integrated Circuits (PICs) Market by Indium Phosphide (InP), 2023 – 2032 (USD Billion)
    • 6.3 Gallium Arsenide (GaAs)
      • 6.3.1 Global Photonic Integrated Circuits (PICs) Market by Gallium Arsenide (GaAs), 2023 – 2032 (USD Billion)
    • 6.4 Lithium Niobate (LiNbO3)
      • 6.4.1 Global Photonic Integrated Circuits (PICs) Market by Lithium Niobate (LiNbO3), 2023 – 2032 (USD Billion)
    • 6.5 Silicon
      • 6.5.1 Global Photonic Integrated Circuits (PICs) Market by Silicon, 2023 – 2032 (USD Billion)
    • 6.6 Silica-on-Silicon
      • 6.6.1 Global Photonic Integrated Circuits (PICs) Market by Silica-on-Silicon, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Photonic Integrated Circuits (PICs) Market – Integration Analysis
    • 7.1 Global Photonic Integrated Circuits (PICs) Market Overview: By Integration
      • 7.1.1 Global Photonic Integrated Circuits (PICs) Market Share, By Integration, 2022 and 2032
    • 7.2 Monolithic Integration
      • 7.2.1 Global Photonic Integrated Circuits (PICs) Market by Monolithic Integration, 2023 – 2032 (USD Billion)
    • 7.3 Hybrid Integration
      • 7.3.1 Global Photonic Integrated Circuits (PICs) Market by Hybrid Integration, 2023 – 2032 (USD Billion)
    • 7.4 Module Integration
      • 7.4.1 Global Photonic Integrated Circuits (PICs) Market by Module Integration, 2023 – 2032 (USD Billion)
  • Chapter 8. Photonic Integrated Circuits (PICs) Market – Regional Analysis
    • 8.1 Global Photonic Integrated Circuits (PICs) Market Regional Overview
    • 8.2 Global Photonic Integrated Circuits (PICs) Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Photonic Integrated Circuits (PICs) Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Photonic Integrated Circuits (PICs) Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032
      • 8.4.1 North America Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032 (USD Billion)
    • 8.5 North America Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032
      • 8.5.1 North America Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 8.6 North America Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032
      • 8.6.1 North America Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Photonic Integrated Circuits (PICs) Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Photonic Integrated Circuits (PICs) Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032
      • 8.8.1 Europe Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032 (USD Billion)
    • 8.9 Europe Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032
      • 8.9.1 Europe Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 8.10 Europe Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032
      • 8.10.1 Europe Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Photonic Integrated Circuits (PICs) Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Photonic Integrated Circuits (PICs) Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032
      • 8.12.1 Asia Pacific Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032
      • 8.13.1 Asia Pacific Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032
      • 8.14.1 Asia Pacific Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Photonic Integrated Circuits (PICs) Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Photonic Integrated Circuits (PICs) Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032
      • 8.16.1 Latin America Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032
      • 8.17.1 Latin America Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032
      • 8.18.1 Latin America Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, by Component, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, by Raw Material, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Photonic Integrated Circuits (PICs) Market, by Integration, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Intel Corporation
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 IBM Corporation
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Mellanox Technologies
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Huawei Technologies Co. Ltd.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 NeoPhotonics Corporation
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Acacia Communications
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Infinera Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Finisar Corporation
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Lumentum Holdings Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 II-VI Incorporated
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Alcatel-Lucent S.A. (Nokia Corporation)
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 AIM Photonics
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Optium
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 POET Technologies
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 California Eastern Laboratories (CEL)
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Intel Corporation
  • IBM Corporation
  • Mellanox Technologies
  • Huawei Technologies Co. Ltd.
  • NeoPhotonics Corporation
  • Acacia Communications
  • Infinera Corporation
  • Finisar Corporation
  • Lumentum Holdings Inc.
  • II-VI Incorporated
  • Alcatel-Lucent S.A. (Nokia Corporation)
  • AIM Photonics
  • Optium
  • POET Technologies
  • California Eastern Laboratories (CEL)
  • Others

FAQs

The key factors driving the Market are Rapid Advancements in Optical Communication, Expansion in Quantum Computing, Increasing Demand for Biophotonics, Emergence of Silicon Photonics And Advancements in Sensing Technologies.

The “Lasers” category dominated the market in 2022.

The key players in the market are Intel Corporation, IBM Corporation, Mellanox Technologies, Huawei Technologies Co. Ltd., NeoPhotonics Corporation, Acacia Communications, Infinera Corporation, Finisar Corporation, Lumentum Holdings Inc., II-VI Incorporated, Alcatel-Lucent S.A. (Nokia Corporation), AIM Photonics, Optium, POET Technologies, California Eastern Laboratories (CEL), Others.

“Asia Pacific” had the largest share in the Photonic Integrated Circuits (PICs) Market.

The global market is projected to grow at a CAGR of 18.8% during the forecast period, 2023-2032.

The Photonic Integrated Circuits (PICs) Market size was valued at USD 12.5 Billion in 2023.

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