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PUBLISHER: IMARC | PRODUCT CODE: 1370417
PUBLISHER: IMARC | PRODUCT CODE: 1370417
Photonic Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global photonic integrated circuit market size reached US$ 9.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.4 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.
A photonic integrated circuit (PIC) consists of multiple photonic and electronic components and devices, such as lasers, detectors, waveguides, modulators, and optical interconnects, in a single platform with nanometer-scale feature sizes. It relies on light for information signaling and transfer and assists in improving the performance of science instruments, constituents, and subsystems. Besides this, as it offers additional functionality, reliability, and scalability than discrete systems, PIC finds extensive applications in optical sensors, metrology, sensing in agriculture and autonomous driving, and biomedical devices like lab-on-a-chip devices worldwide.
Photonic Integrated Circuit Market Trends:
At present, there is a considerable increase in the use of PICs in fiber-optic communication to make externally modulated lasers (EML). This, in confluence with the thriving defense sector, represents one of the key factors bolstering the growth of the market. Moreover, unlike conventional free-space optics with long atmospheric path-lengths, PIC-based sensors rely on light confined within and transmitted through a dielectric waveguide or semiconductor. As a result, the usage of PIC-based biochemical sensors is rising across the globe. Furthermore, recent technological advancements in photonics are offering lucrative growth opportunities to industry investors. Apart from this, PICs permit size, weight, power, and cost reductions for spacecraft microprocessors, advanced data processing, and communication and processor buses, which play a pivotal role in small spacecraft platforms. This, coupled with the rapid expansion of data centers, is strengthening the market growth. Some of the other factors driving the market include rising miniaturization of devices, a gradual shift from analogue to digital mode of operation, significant growth in the aerospace industry, and the increasing demand for PICs over electronic ICS around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global photonic integrated circuit market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, raw material, integration and application.
Breakup by Component:
Lasers
MUX/DEMUX
Optical Amplifiers
Modulators
Attenuators
Detectors
Breakup by Raw Material:
Indium Phosphide (InP)
Gallium Arsenide (GaAs)
Lithium Niobate (LiNbO3)
Silicon
Silica-on-Silicon
Breakup by Integration:
Monolithic Integration
Hybrid Integration
Module Integration
Breakup by Application:
Optical Fiber Communication
Optical Fiber Sensor
Biomedical
Quantum Computing
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., ColorChip Ltd., Hamamatsu Photonics K.K., II-VI Incorporated, Infinera Corporation, Intel Corporation, LioniX International, POET Technologies and VLC Photonics S.L. (Hitachi Ltd.).
Key Questions Answered in This Report:
- How has the global photonic integrated circuit market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global photonic integrated circuit market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the raw material?
- What is the breakup of the market based on the integration?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global photonic integrated circuit market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5809
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Photonic Integrated Circuit Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Lasers
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 MUX/DEMUX
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Optical Amplifiers
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Modulators
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Attenuators
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Detectors
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Raw Material
- 7.1 Indium Phosphide (InP)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Gallium Arsenide (GaAs)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Lithium Niobate (LiNbO3)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Silicon
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Silica-on-Silicon
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by Integration
- 8.1 Monolithic Integration
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Hybrid Integration
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Module Integration
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Application
- 9.1 Optical Fiber Communication
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Optical Fiber Sensor
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Biomedical
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Quantum Computing
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Broadcom Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.1.4 SWOT Analysis
- 15.3.2 ColorChip Ltd.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Hamamatsu Photonics K.K.
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 Financials
- 15.3.4 II-VI Incorporated
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 Infinera Corporation
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.6 Intel Corporation
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.6.3 Financials
- 15.3.6.4 SWOT Analysis
- 15.3.7 LioniX International
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 POET Technologies
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.9 VLC Photonics S.L. (Hitachi Ltd.)
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.1 Broadcom Inc.
Product Code: SR112023A5809
List of Figures
- Figure 1: Global: Photonic Integrated Circuit Market: Major Drivers and Challenges
- Figure 2: Global: Photonic Integrated Circuit Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Photonic Integrated Circuit Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Photonic Integrated Circuit Market: Breakup by Component (in %), 2022
- Figure 5: Global: Photonic Integrated Circuit Market: Breakup by Raw Material (in %), 2022
- Figure 6: Global: Photonic Integrated Circuit Market: Breakup by Integration (in %), 2022
- Figure 7: Global: Photonic Integrated Circuit Market: Breakup by Application (in %), 2022
- Figure 8: Global: Photonic Integrated Circuit Market: Breakup by Region (in %), 2022
- Figure 9: Global: Photonic Integrated Circuit (Lasers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Photonic Integrated Circuit (Lasers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Photonic Integrated Circuit (MUX/DEMUX) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Photonic Integrated Circuit (MUX/DEMUX) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Photonic Integrated Circuit (Optical Amplifiers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Photonic Integrated Circuit (Optical Amplifiers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Photonic Integrated Circuit (Modulators) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Photonic Integrated Circuit (Modulators) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Photonic Integrated Circuit (Attenuators) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Photonic Integrated Circuit (Attenuators) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Photonic Integrated Circuit (Detectors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Photonic Integrated Circuit (Detectors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Photonic Integrated Circuit (Indium Phosphide (InP)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Photonic Integrated Circuit (Indium Phosphide (InP)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Photonic Integrated Circuit (Gallium Arsenide (GaAs)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Photonic Integrated Circuit (Gallium Arsenide (GaAs)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Photonic Integrated Circuit (Lithium Niobate (LiNbO3)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Photonic Integrated Circuit (Lithium Niobate (LiNbO3)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Photonic Integrated Circuit (Silicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Photonic Integrated Circuit (Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Photonic Integrated Circuit (Silica-on-Silicon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Photonic Integrated Circuit (Silica-on-Silicon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Photonic Integrated Circuit (Monolithic Integration) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Photonic Integrated Circuit (Monolithic Integration) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Photonic Integrated Circuit (Hybrid Integration) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Photonic Integrated Circuit (Hybrid Integration) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Photonic Integrated Circuit (Module Integration) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Photonic Integrated Circuit (Module Integration) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Photonic Integrated Circuit (Optical Fiber Communication) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Photonic Integrated Circuit (Optical Fiber Communication) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Photonic Integrated Circuit (Optical Fiber Sensor) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Photonic Integrated Circuit (Optical Fiber Sensor) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Photonic Integrated Circuit (Biomedical) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Photonic Integrated Circuit (Biomedical) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Photonic Integrated Circuit (Quantum Computing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Photonic Integrated Circuit (Quantum Computing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: North America: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: North America: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United States: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United States: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Canada: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Canada: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Asia-Pacific: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Asia-Pacific: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: China: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: China: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Japan: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Japan: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: India: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: India: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: South Korea: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: South Korea: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Australia: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Australia: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Indonesia: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Indonesia: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Others: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Others: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Europe: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Europe: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Germany: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Germany: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: France: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: France: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: United Kingdom: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: United Kingdom: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Italy: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Italy: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Spain: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Spain: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Russia: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Russia: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Others: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Others: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Latin America: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Latin America: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Brazil: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Brazil: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Mexico: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Mexico: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Others: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Others: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Middle East and Africa: Photonic Integrated Circuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 92: Middle East and Africa: Photonic Integrated Circuit Market: Breakup by Country (in %), 2022
- Figure 93: Middle East and Africa: Photonic Integrated Circuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 94: Global: Photonic Integrated Circuit Industry: SWOT Analysis
- Figure 95: Global: Photonic Integrated Circuit Industry: Value Chain Analysis
- Figure 96: Global: Photonic Integrated Circuit Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Photonic Integrated Circuit Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Photonic Integrated Circuit Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Photonic Integrated Circuit Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
- Table 4: Global: Photonic Integrated Circuit Market Forecast: Breakup by Integration (in Million US$), 2023-2028
- Table 5: Global: Photonic Integrated Circuit Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Photonic Integrated Circuit Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Photonic Integrated Circuit Market: Competitive Structure
- Table 8: Global: Photonic Integrated Circuit Market: Key Players
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