Report Highlights
The global market for photonic integrated circuits (PICs) is expected to grow from $13.9 billion in 2024 and projected to reach $24.2 billion by 2029, at a compound annual growth rate (CAGR) of 11.8% from 2024 through 2029.
Report Includes
- 59 data tables and 40 additional tables
- In-depth analyses of the global market trends for photonic integrated circuits (PICs), with market revenue data for 2023, estimates for 2024, forecasts for 2026 and 2028, and projected CAGRs through 2029
- Size and growth forecasts of the global market for PICs, and a corresponding market share analysis by component, integration type, raw material type, application and region
- Facts and figures pertaining to the market dynamics, technological advances, regulatory landscape, and the impact of macroeconomic factors
- Insights derived from the Porter’s Five Forces model, as well as global supply chain and PESTLE analyses
- Review of emerging trends and new developments, with a focus on silicon photonics technology
- Evaluation of recent patent activity and key granted and published patents
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Profiles of leading companies, including Infinera, Intel, Cisco Systems, Coherent and Ciena
Report Scope
The report analyzes the photonic integrated circuits (PICs) market across components, integration types, raw materials, and applications, offering insights into key trends and market drivers. The study focuses on components such as transceivers, lasers, modulators, detectors, multiplexers/demultiplexers (MUX/DEMUX), and optical amplifiers, assessing their adoption across diverse applications that include optical communication, sensing, biophotonics, and optical signal processing.
The report provides a comprehensive regional analysis covering North America, Europe, Asia-Pacific, and the Rest of the World (RoW), including Latin America, the Middle East, and Africa. It evaluates the market dynamics, including drivers, challenges, and emerging trends, while highlighting innovations in material design and performance enhancement. The study concludes with an analysis of major market competitors and their offerings. The base year for the study is 2023, with projections for the years 2024 through 2029, including the compound annual growth rate (CAGR) for the forecast period.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||
| Base year market size | $12.5 Billion | ||||||||||||||||
| Market size forecast | $24.2 Billion | ||||||||||||||||
| Growth rate | CAGR of 11.8% from 2024 to 2029 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Component, Integration Type, Raw Material, Application, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of World (Latin America and the Middle East and Africa) | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Rising demand for high-speed data transmission and processing.
- Emphasis on enhanced energy efficiency and sustainability.
- Expanding requirements for device miniaturization and compact solutions.
- By Component.
- By Integration Type.
- By Raw Material.
- By Application.
- By Region.
Analyst Credentials
Austin Samuel – Consultant-Technology Research
Austin Samuel is an experienced professional with nearly a decade of industry experience in research and analysis, specializing in Information Technology. He has conducted extensive research and provided comprehensive syndicate and custom reports on the developments and application of information technology across multiple industries for international and domestic clients. He exhibits exceptional analytical abilities and strategic thinking and has contributed significantly to the team. Academically, Austin holds a master’s degree in Marketing and IT and a bachelor’s degree in Electrical and Electronics.
Report Highlights
The global market for photonic integrated circuits reached $426 million in 2016. This market is expected to increase from $539 million in 2017 to $1.8 billion in 2022 at a compound annual growth rate (CAGR) of 27.5% for 2017-2022.
Report Highlights
The global photonic integrated circuit (IC) technology market reached $165.3 million in 2012. This market is expected to grow to $206.5 million in 2013 and $866.4 million in 2018 with a compound annual growth rate (CAGR) of 33.2% over the five-year period, 2013 to 2018.
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