PHOTONIC IC MARKET ANALYSIS

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:

• In March 2022 - EFFECT Photonics, a photonics semiconductor company, and Jabil Photonics, a manufacturing company declared an alliance to create a new generation of coherent optical modules. These modules present an exclusive solution for hyper-scalers and network operators looking for benefits from QSFP-high DD's performance, low power, small footprint, field replaceability, cost and consumption, and dealer interoperability for cloud DCIs (Data Center Interconnects).
• In March 2022 - ColorChip Group, a manufacturer of optical sub-systems and components for the Datacom and Telecom markets, and Skorpios Technologies Inc., a heterogeneously integrated silicon photonics company, announced a strategic collaboration to develop and use Skorpios' disruptive optical technology to produce optical modules at new prices.

Restraint:

• Lack of digitization is expected to restrain growth of the global photonic IC market during the forecast period
• Lack of standardization in the common fabrication and process techniques is expected to hamper the global photonic IC market growth over the forecast period

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.