Photonic Integrated Circuit (PIC) - Global Strategic Business Report

Report
463 Pages
March 2024
Region: Global
Global Industry Analysts, Inc
ID: 3619379

The global market for Photonic Integrated Circuit (PIC) is estimated at US$1.5 Billion in 2023 and is projected to reach US$6.6 Billion by 2030, growing at a CAGR of 20.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Hybrid Integration segment, which is expected to reach US$3.1 Billion by 2030 with a CAGR of 18.9%. The Monolithic Integration segment is also set to grow at 24.1% CAGR over the next 8 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $570.3 Million in 2023, and China, forecasted to grow at an impressive 32.1% CAGR to reach $1.3 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Photonic Integrated Circuit (PIC) Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Photonic Integrated Circuit (PIC) Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Photonic Integrated Circuit (PIC) Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Broadcom Inc., Ciena Corporation, EMCORE Corporation, and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 98 Featured):

Broadcom Inc.
Ciena Corporation
EMCORE Corporation
ams AG
ANSYS, Inc.
EFFECT Photonics BV
Bright Photonics BV
AifoTec AG
ColorChip Ltd.
DenseLight Semiconductors Pte., Ltd.
Enablence Technologies, Inc.
AEPONYX
Applied NanoTools
DAS Photonics
Avo Photonics

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

An Introduction to Photonic Integrated Circuit (PIC)
Materials Used in Making PIC
Integration Models for PIC
Applications
Photonic Integrated Circuit (PIC): Current Market Scenario and Outlook
Substrate Materials and Fabrication Methods for PICs
Indium Phosphide: Largest & Fastest Growing Material Type
World Photonic Integrated Circuit (PIC) Market by Raw Material (2024 & 2030): Percentage Breakdown of Revenues for Indium Phosphide (InP), Silicon-on-Insulator (SOI), Gallium Arsenide (GaAs), Silicon (Si), and Other Raw Materials
Silicon Substrates Remain in Contention
Hybrid Integration: The Widely Used PIC Fabrication Method
World Photonic Integrated Circuit (PIC) Market by Technique (2024 & 2030): Percentage Breakdown of Revenues for Hybrid Integration, Monolithic Integration, and Module Integration
Monolithic Integration Emerges as Fastest Growing Fabrication Approach
Analysis by Application
World Photonic Integrated Circuit (PIC) Market by Application (2024 & 2030): Percentage Breakdown of Revenues for Optical Communications, Optical Signal Processing, and Other Applications
Competitive Scenario
Photonic Integrated Circuit (PIC) Competitor Market Share Scenario Worldwide (in %): 2020
Recent Market Activity
Select Global Brands
Photonic Integrated Circuit (PIC) - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Expanding Role of DCI in Data Centers Creates Potential Market Opportunities
Data Center Interconnect (DCI) Related Needs of Enterprises by Sector: A Snapshot
Major Data Center Trends Influencing DCI Implementations
Rapid Growth in Data Center Traffic
Global Data Center Traffic Scenario (2018, 2020 & 2023E): Percentage Breakdown of Data Center Traffic by Equipment Type
Global Cloud Data Center Market (2018 & 2023E): Percentage Breakdown of Data Center Traffic by Cloud Type
Big Data and Cloud Computing Proliferate Demand for Hyperscale Data Centers
PIC to Gain from Introduction of 5G
Breakdown of Network Latency (in Milliseconds) by Network Type
Programmable PICs Exude Tremendous Potential to Transform Photonics
Optical Communications: Largest Application Market for PIC
Key Trends Influencing the Uptake of PICs in Optical Communication Space
Soaring Deployments of 100G & Ultra-100G OTNs
Growing Uptake of FTTx Networks
Growing Bandwidth Needs Bring Fiber Optic Networks to the Fore, Steering PIC Demand
Optical Signal Processing Emerges as Fastest Growing Application Segment
Biophotonics: A Niche Market Segment for PIC
Expanding Application Base for Biophotonics Generates Parallel Opportunities for PIC
Increased Focus on Optical In-Vitro Diagnostics Augurs Well
Biosensors Build on SiN Photonic Integrated Circuits
Northbound Trajectory in Fiber Optic Sensors Vertical Gives Impetus to Market Expansion
Global Fiber Optic Sensors Market (2019 & 2024E): Breakdown of Sales in US$ Million by Geographic Region
Smart Cities Concept to Underpin Sales Growth in the Coming Years
World Smart City Investments (in US$ Billion) for the Years 2018 through 2025E
Smart Homes to Drive Demand for PICs
Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025E
Advanced Simulation Software for Designing PICs for Automotive Applications
Upcoming Quantum Computing Model to Infuse New Growth Opportunities
World Quantum Computing Market by End-Use (2021 & 2027E)
Economic Unviability of Electronic IC in OEO Conversion Puts Focus on Photonic IC
Photonic IC vs. Electronic IC: A Brief Comparative Analysis
Reduced Number of Optical Packages & Decreased Need for Fiber Coupling Enhance the Image of PIC
Technology Innovations: Key to High Growth and Consistent Demand
A Monolithic InP-on-Si-on-Insulator Developed by a HKUST Team of Engineers.
Optoscribe Begins Sampling its New PIC Coupling Solution, OptoCplrLT
A University of Rochester Team Creates Miniature Modulators for High Potential PICs
Purdue University Research Team Develops an Electrically Driven, Magnetic-Free Linear Optical Isolator for PIC Production
Horizon 2020 Project INSPIRE, Aims to Combine Beneficial Properties of Two Mature Photonic Integration Platforms
Next Generation Silicon Photonics & Polymer Based Photonic ICs Enhance Speed, Bandwidth and Scalability
Collaborative Initiatives Foster Development of Innovative Products
Challenges with PIC Production

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Hybrid Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 2: World 7-Year Perspective for Hybrid Integration by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 3: World Recent Past, Current & Future Analysis for Monolithic Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 4: World 7-Year Perspective for Monolithic Integration by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Module Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 6: World 7-Year Perspective for Module Integration by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 7: World Recent Past, Current & Future Analysis for Indium Phosphide (InP) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 8: World 7-Year Perspective for Indium Phosphide (InP) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 9: World Recent Past, Current & Future Analysis for Silicon-on-Insulator (SOI) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 10: World 7-Year Perspective for Silicon-on-Insulator (SOI) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Gallium Arsenide (GaAs) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 12: World 7-Year Perspective for Gallium Arsenide (GaAs) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 13: World Recent Past, Current & Future Analysis for Silicon (Si) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 14: World 7-Year Perspective for Silicon (Si) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 15: World Recent Past, Current & Future Analysis for Other Raw Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 16: World 7-Year Perspective for Other Raw Materials by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 17: World Recent Past, Current & Future Analysis for Optical Communications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 18: World 7-Year Perspective for Optical Communications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 19: World Recent Past, Current & Future Analysis for Optical Signal Processing by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 20: World 7-Year Perspective for Optical Signal Processing by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 21: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 22: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2024 & 2030
Table 23: World Photonic Integrated Circuit (PIC) Market Analysis of Annual Sales in US$ Thousand for Years 2020 through 2030
Table 24: World Recent Past, Current & Future Analysis for Photonic Integrated Circuit (PIC) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
Table 25: World 7-Year Perspective for Photonic Integrated Circuit (PIC) by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Photonic Integrated Circuit (PIC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
The United States: Largest Market for PIC Solutions
Fiber Optic Deployments Register Steady Growth
Percentage Population (%) Covered by Fiber Networks in Select States
Novel Use Case of Biophotonics in Medical Devices Augurs Well
Mainstream Image of Fiber Optic Sensors to Underpin Market Expansion
Market Analytics

CANADA

Market Overview
Growing Use of Fiber Optic Sensors Revs Up PIC Demand

JAPAN

Photonic Integrated Circuit (PIC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Market Overview

CHINA

Photonic Integrated Circuit (PIC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Market Overview
Increased Adoption of Fiber Optic Sensors Infuses Market Momentum
Sensors Manufacturing Scenario in China

EUROPE

Photonic Integrated Circuit (PIC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Market Overview
Healthy Home Entertainment Sector Spurs Demand for Fiber Optic Networks

FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Photonic Integrated Circuit (PIC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)

INDIASOUTH KOREATAIWANREST OF ASIA-PACIFIC

LATIN AMERICA

Photonic Integrated Circuit (PIC) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)

BRAZIL

Market Overview

MEXICO

Market Overview

REST OF LATIN AMERICAREST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Broadcom Inc.
Ciena Corporation
EMCORE Corporation
ams AG
ANSYS, Inc.
EFFECT Photonics BV
Bright Photonics BV
AifoTec AG
ColorChip Ltd.
DenseLight Semiconductors Pte., Ltd.
Enablence Technologies, Inc.
AEPONYX
Applied NanoTools
DAS Photonics
Avo Photonics

Table Information

Report Attribute	Details
No. of Pages	463
Published	March 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 1.5 Billion
Forecasted Market Value ( USD ) by 2030	$ 6.6 Billion
Compound Annual Growth Rate	20.5%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 98 Featured):

MarketGlass Platform

Table of Contents

Companies Mentioned (Partial List)

Table Information

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