Global Photonic Integrated Circuit Market to Reach US$ 25.22 Billion by 2027, Impelled by Increasing Demand for Miniaturized Devices

September 06, 2022

According to the latest report by IMARC Group, titled “Photonic Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global photonic integrated circuit market reached a value of US$ 7.42 Billion in 2021. A photonic integrated circuit (PIC) is a complex device comprising optical components, such as waveguides, lasers, polarizers, phase shifters, and detectors. It is manufactured using several materials, such as indium phosphide (InP), gallium arsenide (GaAs), lithium niobate (LiNbO3), silicon, and silica-on-silicon. As compared to electronic integrated circuits, PIC offers higher speed, enhanced performance and power efficiency, miniaturization, lower thermal effects, and greater integration capacity and compatibility. As a result, it finds extensive applications across the telecommunication, defense, aerospace, scientific research, automotive, agriculture, and healthcare industries.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Photonic Integrated Circuit Market Trends-

The global market is primarily being driven by significant growth in the telecommunication industry. PICs are widely used in optical communication, fifth generation (5G) wireless communication, data centers, and cloud services due to their lower cost, higher bandwidth, faster data transfer, minimum heat dissipation, and reduced power consumption. Furthermore, widespread product utilization in the healthcare industry in optical coherent tomography (OCT) for treating eyes, skin, and neurological diseases and across biosensors, diagnostic kits, and patient tracking systems is acting as another growth-inducing factor. Additionally, the integration of PICs in wearable technologies, such as augmented and virtual reality (AR/VR), to develop miniaturized optics with low-loss integration, a full spectrum of light colors, high power efficiency, and optimal resolution is providing an impetus to the market growth. Moreover, the widespread product adoption in the aerospace and defense industries to manufacture biochemical sensors and components for spacecraft, airplanes, and military gear is creating a positive outlook for the market. Other factors, including increasing application in quantum computing to reduce component size and enhance performance, increasing demand for miniaturized devices, and rising product utilization in the automotive sector due to growing inclination toward electrification, autonomous vehicles, and driver support systems, are anticipated to drive the market toward growth. On account of the aforementioned factors, the market value is expected to reach US$ 25.22 Billion by 2027, exhibiting a CAGR of 21.10% during 2022-2027.

Market Summary:

  • On the basis of component, the market has been divided into lasers, MUX or DEMUX, optical amplifiers, modulators, attenuators, and detectors.
  • Based on the raw material, the market has been categorized into indium phosphide (InP), gallium arsenide (GaAs), lithium niobate (LiNbO3), silicon, and silica-on-silicon.
  • On the basis of the integration, the market has been classified into monolithic, hybrid, and module integrations.
  • Based on the application, the market has been divided into optical fiber communication, optical fiber sensor, biomedical, and quantum computing.
  • On a regional basis, the market has been categorized into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and Others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and Others) Latin America (Brazil, Mexico and Others), and Middle East and Africa.?
  • The competitive landscape of the industry has also been examined, with some 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.).

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us
USA: +1-631-791-1145
Follow us on twitter : @imarcglobal

Global Photonic Integrated Circuit Market to Reach US$ 25.22 Billion by 2027, Impelled by Increasing Demand for Miniaturized Devices
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More