According to the latest report by IMARC Group, titled “Photonic Integrated Circuit Market Report by Component (Lasers, MUX/DEMUX, Optical Amplifiers, Modulators, Attenuators, Detectors), Raw Material (Indium Phosphide (InP), Gallium Arsenide (GaAs), Lithium Niobate (LiNbO3), Silicon, Silica-on-Silicon), Integration (Monolithic Integration, Hybrid Integration, Module Integration), Application (Optical Fiber Communication, Optical Fiber Sensor, Biomedical, Quantum Computing), and Region 2025-2033," the global photonic integrated circuit market reached a value of USD 13.6 Billion in 2024. 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.
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 USD 59.0 Billion by 2033, exhibiting a CAGR of 16.79% during 2025-2033.
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.).
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2024 |
Historical Period |
2019-2024 |
Forecast Period |
2025-2033 |
Units |
Billion USD |
Segment Coverage |
Component, Raw Material, Integration, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
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.). |
Customization Scope |
10% Free Customization |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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