Photonic Integrated Circuit Market is predicted to reach USD 31.53 billion at a CAGR of 20.47% during the forecast period:

Market Research Future (MRFR) has published a half cooked research report on the “Global Photonic Integrated Circuit Market”.

MRFR recognizes the following companies as the key players in the global Photonic Integrated Circuit market— Agilent Technologies, Inc. (US), Aifotec AG (Germany), Alcatel-Lucent SA (France), Broadcom Inc. (US), Ciena Corporation (US), CyOptics Inc. (US), EMCORE Corporation (US), Enablence Technologies Inc. (Canada), Finisar Corporation (US), Hewlett-Packard Company (US), Infinera Corporation (US), Intel Corporation (US)

Market Highlights

The global Photonic Integrated Circuit market is accounted to register a CAGR of 20.47% during the forecast period and is estimated to reach USD 31.53 billion by 2032.

A Photonic Integrated Circuit (PIC) is a miniaturized device that integrates multiple optical components onto a single chip, enabling the manipulation and control of light signals. It is used in various applications including telecommunications, data communications, sensing, and optical computing.

Segment Analysis

The global Photonic Integrated Circuit market has been segmented based on Type, Component and Application

Based on type, the market is segmented into hybrid, monolithic, and module. The monolithic sector, which offered greatly lessened size, weight, and power, dominated the market. The remaining portion is divided between the hybrid and modular integration types.

Based on components, the global Photonic Integrated Circuit market has been segmented into lasers, modulators, photodetectors, attenuators, and optical amplifiers. The lasers market segment predominated due to its extensive application in drilling, welding, cutting, marking, and engraving. The second-largest share was held by the MUX/DEMUX component category.

Based on Application, the global Photonic Integrated Circuit market has been segmented into Optical fiber Communication, Biomedical, Quantum Computing, Optical fiber Sensor, and Others. The market was dominated by the optical fibre communication segment; in recent years, there has been a massive rise in data traffic, which the conventional copper-based electronic media are unable to handle.

Regional Analysis

The global Photonic Integrated Circuit market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Photonic Integrated Circuit market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Photonic Integrated Circuit market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Photonic Integrated Circuit market comprises of Middle East, Africa, and Latin America.

The North American Photonic Integrated Circuit Market dominated this market in 2022 PICs are being more widely used in communications and sensing applications. The Region's industries are expanding as a result of the need to improve existing infrastructure.

Additionally, the second-largest market share for Photonic Integrated Circuit is held by Europe's. Due to the testing phase of 5G technology, the market for photonic integrated circuits and numerous advancements in integrated circuits and sensors are also anticipated to grow.

From 2023 to 2032, the Asia-Pacific Photonic Integrated Circuit Market is anticipated to experience the quickest CAGR growth. This is a result of rising demand from the economies in this region's burgeoning information technology sector.

Additionally, the Indian Photonic Integrated Circuit market had the quickest rate of growth in the Asia-Pacific region, while China's Photonic Integrated Circuit market had the greatest market share.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Photonic Integrated Circuit Market Research Report

Key Findings of the Study

• The global Photonic Integrated Circuit market is expected to reach USD 31.53 billion by 2032, at a CAGR of 20.47% during the forecast period.


• The North American Photonic Integrated Circuit Market dominated this market in 2022 PICs are being more widely used in communications and sensing applications. The Region's industries are expanding as a result of the need to improve existing infrastructure.


• Based on Application, The market was dominated by the optical fibre communication segment; in recent years.


• Agilent Technologies, Inc. (US), Aifotec AG (Germany), Alcatel-Lucent SA (France), Broadcom Inc. (US), Ciena Corporation (US), CyOptics Inc. (US), EMCORE Corporation (US), Enablence Technologies Inc. (Canada), Finisar Corporation (US), Hewlett-Packard Company (US), Infinera Corporation (US), Intel Corporation (US)