{"product_id":"photonic-integrated-circuit-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","title":"Photonic Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028","description":"\u003cp\u003ePhotonic Integrated Circuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028\u003cbr\u003e\nMarket Overview:\u003c\/p\u003e\n\n\u003cp\u003eThe global photonic integrated circuit market size reached US$ 9.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.4 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.\u003c\/p\u003e\n\n\u003cp\u003eA photonic integrated circuit (PIC) consists of multiple photonic and electronic components and devices, such as lasers, detectors, waveguides, modulators, and optical interconnects, in a single platform with nanometer-scale feature sizes. It relies on light for information signaling and transfer and assists in improving the performance of science instruments, constituents, and subsystems. Besides this, as it offers additional functionality, reliability, and scalability than discrete systems, PIC finds extensive applications in optical sensors, metrology, sensing in agriculture and autonomous driving, and biomedical devices like lab-on-a-chip devices worldwide.\u003c\/p\u003e\n\n\u003cp\u003ePhotonic Integrated Circuit Market Trends:\u003cbr\u003e\nAt present, there is a considerable increase in the use of PICs in fiber-optic communication to make externally modulated lasers (EML). This, in confluence with the thriving defense sector, represents one of the key factors bolstering the growth of the market. Moreover, unlike conventional free-space optics with long atmospheric path-lengths, PIC-based sensors rely on light confined within and transmitted through a dielectric waveguide or semiconductor. As a result, the usage of PIC-based biochemical sensors is rising across the globe. Furthermore, recent technological advancements in photonics are offering lucrative growth opportunities to industry investors. Apart from this, PICs permit size, weight, power, and cost reductions for spacecraft microprocessors, advanced data processing, and communication and processor buses, which play a pivotal role in small spacecraft platforms. This, coupled with the rapid expansion of data centers, is strengthening the market growth. Some of the other factors driving the market include rising miniaturization of devices, a gradual shift from analogue to digital mode of operation, significant growth in the aerospace industry, and the increasing demand for PICs over electronic ICS around the world.\u003c\/p\u003e\n\n\u003cp\u003eKey Market Segmentation:\u003cbr\u003e\nIMARC Group provides an analysis of the key trends in each sub-segment of the global photonic integrated circuit market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, raw material, integration and application.\u003c\/p\u003e\n\n\u003cp\u003eBreakup by Component:\u003c\/p\u003e\n\n\u003cp\u003eLasers\u003cbr\u003e\nMUX\/DEMUX\u003cbr\u003e\nOptical Amplifiers\u003cbr\u003e\nModulators\u003cbr\u003e\nAttenuators\u003cbr\u003e\nDetectors\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Raw Material:\u003c\/p\u003e\n\n\u003cp\u003eIndium Phosphide (InP)\u003cbr\u003e\nGallium Arsenide (GaAs)\u003cbr\u003e\nLithium Niobate (LiNbO3)\u003cbr\u003e\nSilicon\u003cbr\u003e\nSilica-on-Silicon\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Integration:\u003c\/p\u003e\n\n\u003cp\u003eMonolithic Integration\u003cbr\u003e\nHybrid Integration\u003cbr\u003e\nModule Integration\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Application:\u003c\/p\u003e\n\n\u003cp\u003eOptical Fiber Communication\u003cbr\u003e\nOptical Fiber Sensor\u003cbr\u003e\nBiomedical\u003cbr\u003e\nQuantum Computing\u003cbr\u003e\n \u003cbr\u003e\nBreakup by Region:\u003c\/p\u003e\n\n\u003cp\u003eNorth America\u003cbr\u003e\nUnited States\u003cbr\u003e\nCanada\u003cbr\u003e\nAsia-Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nJapan\u003cbr\u003e\nIndia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nAustralia\u003cbr\u003e\nIndonesia\u003cbr\u003e\nOthers\u003cbr\u003e\nEurope\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nUnited Kingdom\u003cbr\u003e\nItaly\u003cbr\u003e\nSpain\u003cbr\u003e\nRussia\u003cbr\u003e\nOthers\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nOthers\u003cbr\u003e\nMiddle East and Africa\u003cbr\u003e\n \u003cbr\u003e\nCompetitive Landscape:\u003cbr\u003e\nThe competitive landscape of the industry has also been examined along with the profiles of the key players being Broadcom Inc., ColorChip Ltd., Hamamatsu Photonics K.K., II-VI Incorporated, Infinera Corporation, Intel Corporation, LioniX International, POET Technologies and VLC Photonics S.L. (Hitachi Ltd.).\u003c\/p\u003e\n\n\u003cp\u003eKey Questions Answered in This Report:\u003cbr\u003e\nHow has the global photonic integrated circuit market performed so far and how will it perform in the coming years?\u003cbr\u003e\nWhat has been the impact of COVID-19 on the global photonic integrated circuit market?\u003cbr\u003e\nWhat are the key regional markets?\u003cbr\u003e\nWhat is the breakup of the market based on the component?\u003cbr\u003e\nWhat is the breakup of the market based on the raw material?\u003cbr\u003e\nWhat is the breakup of the market based on the integration?\u003cbr\u003e\nWhat is the breakup of the market based on the application?\u003cbr\u003e\nWhat are the various stages in the value chain of the industry?\u003cbr\u003e\nWhat are the key driving factors and challenges in the industry?\u003cbr\u003e\nWhat is the structure of the global photonic integrated circuit market and who are the key players?\u003cbr\u003e\nWhat is the degree of competition in the industry?\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"October, 2023 \/ 145 Pages \/ MCW16283554","offer_id":47712547045682,"sku":null,"price":2999.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/photonic-integrated-circuit-market-global-industry-trends-share-size-growth-opportunity-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}