A photonic integrated circuit (IC) or also referred to as an integrated optical circuit is a device that integrates multiple photonic functions similar to an electronic integrated circuit. The main difference between electronic integrated circuits and photonic ICs lies in the type of raw material used for its fabrication. In electronic ICs, silicon is the primary and most dominant material used for fabrication so far, while in the case of PICs, the type of material used majorly depends upon the function/purpose of the device. Indium Phosphide, Gallium Arsenide, silica-on silicon, and silicon on insulator are the most common raw materials used for fabrication.
The global photonic IC market is estimated to account for US$ 22,965.8 Mn in terms of value by the end of 2030.
Recent Developments:
Photonic IC Market Report Coverage
Report Coverage | Details | ||
---|---|---|---|
Base Year: | 2021 | Market Size in 2021: | US$ 1,719.3 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 33.6% | 2030 Value Projection: | US$ 22,965.8 Mn |
Geographies covered: |
|
||
Segments covered: |
|
||
Companies covered: |
Agilent Technologies, Inc., Intel Corporation, Aifotec AG, Infinera Corporation, Alcatel-Lucent, Hewlett Packard, Avago Technologies, Finisar Corporation, Ciena Corporation, Enablence Technologies Inc., and Emcore Corporation. |
||
Growth Drivers: |
|
||
Restraints & Challenges: |
|
Uncover macros and micros vetted on 75+ parameters: Get instant access to report
Restraint:
Global Photonic IC Market - Impact of Coronavirus (Covid-19) Pandemic:
Due to the COVID-19 pandemic, many industries witnessed a significant shift in their businesses. There was a significant impact on the growth of the global photonics IC market. Manufacturing operations were temporarily suspended across many countries to contain the coronavirus. Due to this situation, there was a disruption in the supply chain, and companies are shifting their production facilities. The overall consumer demand for semiconductor devices also decreased. Owing to a pandemic, the demand for these photonic integrated circuits is exacerbated by lockdowns imposed in several countries.
North America held a dominant position in the global photonic IC market in 2021
Figure 1: Global Photonic IC Market Share (%), By Region, 2021
To learn more about this report, Request sample copy
Statistics:
North America dominated the photonic IC market in 2021, accounting for a 41.1% share in terms of value, followed by Asia Pacific, Europe, and Latin America, respectively.
Figure 2: Global Photonic IC Market (US$ Mn) Analysis and Forecast, 2022 - 2030
To learn more about this report, Request sample copy
The global photonic IC market was valued at US$ 1,719.3 Mn in 2021 and is expected to reach US$ 22,965.8 Mn by 2030, growing at a CAGR of 33.6% between 2022 and 2030.
Major players operating in the global photonic IC market are Agilent Technologies, Inc., Intel Corporation, Aifotec AG, Infinera Corporation, Alcatel-Lucent, Hewlett Packard, Avago Technologies Finisar Corporation, Ciena Corporation, Enablence Technologies Inc., and Emcore Corporation.
Share
Missing comfort of reading report in your local language? Find your preferred language :
Transform your Strategy with Exclusive Trending Reports :
Frequently Asked Questions
Select a License Type
Credibility and Certifications
860519526
9001:2015
27001:2022
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients