PUBLISHER: Acute Market Reports | PRODUCT CODE: 1347813
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1347813
The photonic integrated circuits (PIC) market is expected to experience a CAGR of 29.5% during the forecast period of 2023 to 2031. The PIC market's growth is propelled by drivers such as the exponential growth in data traffic, advancements in telecommunication technologies, and the rising demand for energy-efficient solutions. However, the complex manufacturing and integration challenges underscore the need for innovative solutions to overcome production hurdles as the market progresses from 2023 to 2031, the PIC market is poised for continued growth, driven by technological breakthroughs, evolving communication paradigms, and the imperative to enhance data processing capabilities. The exponential surge in data traffic, driven by the proliferation of data-centric applications and services, has been a pivotal driver propelling the PIC market. The insatiable demand for higher bandwidth, enhanced connectivity, and rapid data processing capabilities necessitate innovative solutions to address the inherent challenges of data transmission. PIC technology, with its ability to integrate multiple photonic functions on a single chip, offers a transformative approach to meet these demands.
The relentless pursuit of advancements in telecommunication technologies has been a driving force behind the PIC market's growth. The evolution of 5G networks, the advent of high-speed optical communication systems, and the push towards ultra-high-definition video streaming have necessitated agile and efficient optical components. PICs, with their compact form factor and versatility, have emerged as a preferred solution to enable high-speed data transmission, wavelength multiplexing, and signal modulation. Company B's pioneering efforts in developing PIC-based transceivers have exemplified the potential of these integrated circuits in realizing the vision of seamless and high-capacity communication networks, thereby catalyzing market expansion.
The global emphasis on energy-efficient technologies and sustainable practices has propelled the demand for PICs. Traditional electronic circuits often incur substantial energy losses during data transmission and processing. PICs, on the other hand, leverage photonic elements that consume significantly lower power, making them an attractive option for energy-efficient computing and communication applications. The development of PICs using materials with enhanced optical properties, such as indium phosphide (InP) and silicon photonics, has further bolstered their energy-efficient attributes. Company C's initiatives in designing PICs for green data centers and power-efficient computing underscore the transformative potential of these integrated circuits in the pursuit of sustainability.
Amidst the flourishing growth, the PIC market encounters a complex restraint posed by manufacturing and integration challenges. The intricate processes involved in fabricating photonic components on a single chip demand specialized expertise and sophisticated fabrication facilities. Moreover, the seamless integration of different photonic functionalities, materials, and structures within a compact PIC framework introduces complexities in design, manufacturing, and testing. These challenges potentially impact production scalability and contribute to longer development cycles. The industry grapples with the imperative to strike a delicate balance between innovation and manufacturability, ensuring that PICs can be reliably produced on a commercial scale while maintaining high-performance standards.
The PIC market can be segmented by integration type, encompassing monolithic integration, hybrid integration, and module integration. In terms of revenue in 2022, hybrid integration emerged as the dominant segment, owing to its versatility in combining diverse photonic components from different material platforms. However, during the forecast period from 2023 to 2031, monolithic integration is projected to exhibit the highest Compound Annual Growth Rate (CAGR). The monolithic integration's potential to achieve higher levels of integration, compactness, and cost-effectiveness positions it for substantial growth.
Market segmentation by raw material includes indium phosphide (InP), gallium arsenide (GaAs), lithium niobate (LiNbO3), silicon, silicon-on-insulator (SOI), and other materials such as silica-on-silicon and silicon dioxide (SiO2). In 2022, InP and SOI dominated the market in terms of revenue, owing to their exceptional optical properties and compatibility with high-speed communication systems. However, during the forecast period of 2023 to 2031, silicon is anticipated to achieve the highest CAGR. Silicon's widespread availability, established fabrication processes, and compatibility with complementary metal-oxide-semiconductor (CMOS) technology position it as a key contender for realizing cost-effective PIC solutions.
Geographically, the PIC market demonstrates diverse trends, with varying revenue contributions and growth rates across regions. The Asia-Pacific region is poised to register the highest CAGR during the forecast period of 2023 to 2031. Rapid technological advancements, particularly in telecommunication and data center infrastructure, in countries like China and Japan, contribute to the region's robust growth prospects. However, North America is expected to maintain the highest revenue percentage during the forecast period, attributed to its strong research and development ecosystem, strategic partnerships, and early adoption of photonic technologies.
Within the PIC market, several key players have emerged as industry leaders, each employing distinctive strategies to secure their competitive position and drive market share. These strategies encompass research and development investments, collaboration with academic institutions, market diversification, and strategic acquisitions. Leading companies such as Broadcom Inc., Broadex Technologies Co., Ltd., Ciena Corporation Cisco Systems, Inc., Coherent Corp., Enablence, Hewlett Packard Enterprise Development LP, Huawei Technologies Co., Ltd., Infinera Corporation, Intel Corporation, Lightwave Logic, Inc., LioniX International, Lumentum Holdings, Inc., MACOM, Nokia Technologies, Q.ANT GmbH, TE Connectivity, Teem Photonics, VLC Photonics S.L., and others have exhibited robust financial performance in 2022, fueled by their ability to offer innovative PIC solutions across various application domains. These players are expected to leverage their technical expertise, foster industry partnerships, and invest in emerging technologies to sustain growth from 2023 to 2031. The forecast period is anticipated to witness increased collaboration between industry stakeholders to standardize PIC design methodologies and establish compatibility with existing semiconductor processes.
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other Key Market Insights.
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation ofPhotonic Integrated Circuits (PIC) market are as follows:
Micro and macro environment factors that are currently influencing the Photonic Integrated Circuits (PIC) market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
TABLE 6 Global Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 7 Global Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 8 Global Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 9 North America Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 14 North America Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 15 North America Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 16 North America Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 17 U.S. Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 22 U.S. Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 23 U.S. Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 24 U.S. Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 25 Canada Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 30 Canada Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 31 Canada Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 32 Canada Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 33 Rest of North America Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 38 Rest of North America Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 39 Rest of North America Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 40 Rest of North America Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 41 UK and European Union Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 46 UK and European Union Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 47 UK and European Union Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 48 UK and European Union Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 49 UK Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 54 UK Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 55 UK Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 56 UK Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 57 Germany Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 62 Germany Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 63 Germany Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 64 Germany Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 65 Spain Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 70 Spain Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 71 Spain Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 72 Spain Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 73 Italy Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 78 Italy Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 79 Italy Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 80 Italy Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 81 France Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 86 France Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 87 France Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 88 France Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 89 Rest of Europe Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 94 Rest of Europe Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 95 Rest of Europe Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 96 Rest of Europe Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 97 Asia Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 102 Asia Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 103 Asia Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 104 Asia Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 105 China Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 110 China Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 111 China Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 112 China Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 113 Japan Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 118 Japan Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 119 Japan Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 120 Japan Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 121 India Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 126 India Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 127 India Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 128 India Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 129 Australia Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 134 Australia Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 135 Australia Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 136 Australia Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 137 South Korea Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 142 South Korea Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 143 South Korea Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 144 South Korea Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 145 Latin America Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 150 Latin America Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 151 Latin America Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 152 Latin America Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 153 Brazil Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 158 Brazil Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 159 Brazil Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 160 Brazil Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 161 Mexico Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 166 Mexico Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 167 Mexico Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 168 Mexico Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 169 Rest of Latin America Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 174 Rest of Latin America Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 175 Rest of Latin America Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 176 Rest of Latin America Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 177 Middle East and Africa Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 182 Middle East and Africa Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 183 Middle East and Africa Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 184 Middle East and Africa Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 185 GCC Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 190 GCC Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 191 GCC Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 192 GCC Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 193 Africa Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 198 Africa Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 199 Africa Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 200 Africa Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
TABLE 201 Rest of Middle East and Africa Photonic Integrated Circuits (PIC) Market By Integration Type, 2021-2031, USD (Billion)
TABLE 206 Rest of Middle East and Africa Photonic Integrated Circuits (PIC) Market By Sensing, 2021-2031, USD (Billion)
TABLE 207 Rest of Middle East and Africa Photonic Integrated Circuits (PIC) Market By Optical Signal Processing, 2021-2031, USD (Billion)
TABLE 208 Rest of Middle East and Africa Photonic Integrated Circuits (PIC) Market By Biophotonics, 2021-2031, USD (Billion)
FIG. 11Market Positioning of Key Photonic Integrated Circuits (PIC) Market Players, 2022
FIG. 12Global Photonic Integrated Circuits (PIC) Market - Tier Analysis - Percentage of Revenues by Tier Level, 2022 Versus 2031