Photonic Integrated Circuit Market is predicted to reach USD 30,655.9 million at a CAGR of 17.10% during the forecast period

The Photonic Integrated Circuit (PIC) market is estimated to register a CAGR of 17.10% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Photonic Integrated Circuit (PIC) market— Infinera Corporation, Agilent Technologies, Inc, Intel Corporation, Acacia Communications, Inc. , Cyoptics designs, TE Connectivity , Neophotonics Corp, Ciena Corporation, Emcore Corp., Colorchip Ltd, Other Players.

Photonic Integrated Circuit Market Highlights

The global Photonic Integrated Circuit (PIC) market is accounted for to register a CAGR of 17.10% during the forecast period and is estimated to reach USD 30,655.9 million by 2032.

A photonic integrated circuit (PIC) is a microchip containing two or more photonic components which form a functioning circuit, hence, also named photonic chip. Photonic components utilize photons (or particles of light) as opposed to electrons. As they move at the speed of light, photons have a wide bandwidth and minimal energy loss, making them both fast at transferring data and highly energy efficient.

Photonic integrated circuits can be used to create faster, and more energy efficient devices. That’s because these PICs can sense with the highest level of precision and are highly effective at processing and transmitting data. They are also integrated alongside traditional electronic chips and applications across a wide range of industries, including data and telecommunications, medical and healthcare, engineering and transport.

Segment Analysis

The global Photonic Integrated Circuit (PIC) market has been segmented based on Substrate Material, Integration Type, Integration Level, Application.

Based on Substrate Material, the global Photonic Integrated Circuit (PIC) market segmentation includes Silicon, Indium Phosphide, Gallium Arsenide, Lithium Niobate. The Silicon will be the majority share in 2022, contributing around 72.9% to the market revenue.

Based on the Integration Type, the global Photonic Integrated Circuit (PIC) market segmentation is Hybrid Integrated PIC, Monolithic Integration PIC. Hybrid Integrated PIC dominated the market in 2022.

Based on Integration Level, the global Photonic Integrated Circuit (PIC) market segmentation includes Small-Scale PIC, Medium-Scale PIC, Large-Scale PIC. Medium-Scale PIC Photonic Integrated Circuit (PIC) held the majority share in 2022.

Based on Application, the global Photonic Integrated Circuit (PIC) market segmentation includes Optical Fiber Communication, Optical Fiber Sensor, Biomedical, Quantum Computing, Others. The Material Handling held the majority share in 2022.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Photonic Integrated Circuit Market Research Report

Regional Analysis

By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East and Africa and South America. The North America Photonic Integrated Circuit (PIC) market accounted for ~39% in 2022. It is expected to exhibit a significant CAGR growth during the study period. North America is one of the earliest adopters of industrial Photonic Integrated Circuit (PIC) due to the due to the swift adoption of smart factories and industrial automation.

Key Findings of the Study

• The global Photonic Integrated Circuit (PIC) market is expected to reach USD 30,655.9 million by 2032, at a CAGR of 17.10% during the forecast period.


• The North America region accounted for the fastest-growing global market


• Infinera Corporation, Agilent Technologies, Inc., Intel Corporation, Acacia Communications, Inc., Cyoptics designs, TE Connectivity, Neophotonics Corp, Ciena Corporation, Emcore Corp., Colorchip Ltd, Other Players.