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Photonic Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 145 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5642277
Description Jump to:
The global photonic integrated circuit market size reached US$ 9.7 Billion in 2022. Looking forward, the analyst 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

The report 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?

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
10.2 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
10.3 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
10.4 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
10.5 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
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

Companies Mentioned

  • Broadcom Inc.
  • ColorChip Ltd.
  • Hamamatsu Photonics K.K.
  • II-VI Incorporated
  • Infinera Corporation
  • Intel Corporation
  • LioniX International
  • POET Technologies
  • VLC Photonics S.L. (Hitachi Ltd.).

Methodology

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Table Information

Report AttributeDetails
No. of Pages145
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 9.7 Billion
Forecasted Market Value ( USD ) by 2028 $ 30.39 Billion
Compound Annual Growth Rate21.0%
Regions CoveredGlobal
No. of Companies Mentioned9

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