Photonic Integrated Circuit Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022 to 2032

The photonic integrated circuits market, US$ 1.1 billion was the market’s estimated 2021 global sales. The market is anticipated to increase by 21.5% between 2022 and 2032, reaching US$ 9.4 billion worth. The greatest revenue-generating segment is anticipated to be optical communications, with a predicted CAGR of 21.5% from 2022 to 2032.

China has seen rapid growth in photonic integrated circuits (PICs) technology during the past ten years. With an absolute growth opportunity of US$ 710.5 million between 2022 and 2032, it is anticipated that the Chinese market would reach US$ 807,8 million.

For the construction of photonic integrated devices for a range of applications focusing on broadband communication, such as optical and wireless networks, optical interconnects, and optical coherent communication, numerous material platforms and construction techniques have been developed.

Photonic Integrated Circuit Market


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Silicon Photonic MEMS, offers outstanding potential for low-power and high-performance photonic devices and creates the framework for efficient integration in very large-scale photonic integrated circuits, as required in programmable and reconfigurable photonic integrated circuits.

These activities have contributed to the development of numerous scientific achievements and innovations, including silicon photonics transceivers, InP-based transceivers, and optical and microwave signal processing systems. Since PICs technology is regarded as one of the crucial enabling technologies for supporting numerous nationally significant projects and strategies, such as broadband communication, supercomputing, and data center, it is likely to be continuously supported over the coming years.

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