PHOTONIC IC MARKET ANALYSIS
The global photonic IC market is estimated to account for US$ 22,965.8 Mn in terms of value by the end of 2030.
Market- Trends:
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.
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 1: Global Photonic IC Market Share (%), By Region, 2021
Figure 2: Global Photonic IC Market (US$ Mn) Analysis and Forecast, 2022 - 2030
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