Photonic Integrated Circuit (PIC) Market Size, Share, Opportunities, And Trends By Component (Optical Components, Electrical Components, Hybrid Components), By Application (Telecommunication, Data Centers, Consumer Electronics, Biomedical, Others), By Enterprise Type (Large Enterprises, Small And Medium Enterprises), And By Geography - Forecasts From 2025 To 2030

Photonic Integrated Circuit (PIC) Market Size:

The photonic integrated circuit (PIC) market is projected to grow at a CAGR of 36.63% to reach US$41.912 billion by 2030 from US$8.801 billion in 2025.

Photonic integrated circuits (PICs) are growing as one of the most reliable and promising solutions for optoelectronic devices, owing to their higher efficiency, low energy consumption, and increased operational speed. PICs are notable competitors to systems based entirely on electronic devices, as they offer higher bandwidth. Photonic integrated circuits are proving to be a revolution in their sector, owing to their technological advancements. Unlike other systems that use electrons, PICs use photons as data carriers. Integration of multiple functionalities is possible in a single chip, with the the advancements in the development of cost-effective integrated indium phosphide-based PICs. One of their major markets is the optical sensors market, which finds applications in industries such as energy, defense, aerospace, and healthcare, among others. However, ongoing investments in research and development on photonic integrated circuits are continuing to fully integrate electronics and optics on a single circuit.

Photonic Integrated Circuit (PIC) Market Segmentation Analysis:

• By End Users

Based on end users, the photonic integrated circuit market includes military and defense, aerospace, telecommunications, communication and technology, energy and power, healthcare, and others. Sectors like telecommunications, communication, and technology are experiencing the highest demand, owing to their ability to process huge quantities of data at high speeds, significantly contributing to enhancing the transmission capacity of optical fiber communications. PICs represent a groundbreaking technology that not only improves performance but also provides features such as reduced power consumption and heat dissipation.

Photonic Integrated Circuit (PIC) Market Geographical Outlook:

Based on geography, the photonic integrated circuit market covers North America, Europe, the Middle East and Africa, Asia Pacific, and South America. Currently, North America is holding the largest share of the PIC market, owing to the increasing usage in data centers and WAN applications of optical fiber communication systems. However, the Asia Pacific region is experiencing the fastest growth due to rapid economic expansion in the region, leading to high demand for photonic integrated circuits.

The photonic integrated circuit (PIC) market report deep dives into the global industry landscape and provides strategic and executive-level insights complemented by data-driven analysis and forecasts. The report is updated regularly to help the decision-makers with actionable intelligence into the current market trends, emerging opportunities, and competitive intelligence.   It explores the demand for photonic integrated circuits across various applications, such as optical communications, data centers, and consumer electronics, and their adoption across different geographies. The latest technological advancements in the PIC sector, along with key government policies and regulations and macroeconomic factors, are also analyzed to present a holistic view of the market.

Photonic Integrated Circuit (PIC) Market Segmentations:

Photonic Integrated Circuit (PIC) Market Segmentation by component:

The photonic integrated circuit (PIC) market is analyzed by component into the following:

• Optical Components
• Electrical Components
• Hybrid Components

Photonic Integrated Circuit (PIC) Market Segmentation by application:

The report analyzes the photonic integrated circuit (PIC) market by application as below:

• Telecommunication
• Data Centers
• Consumer Electronics
• Biomedical
• Others

Photonic Integrated Circuit (PIC) Market Segmentation by enterprises type:

The report analyzed the photonic integrated circuit (PIC) market across enterprises type as follows:

• Large Enterprises
• Small and Medium Enterprises (SMEs)

Photonic Integrated Circuit (PIC) Market Segmentation by regions:

The study also analyzed the photonic integrated circuit (PIC) market into the following regions, with country-level forecasts and analysis as below:

• North America (USA, Canada, and Mexico)
• South America (Brazil, Argentina, and Others)
• Europe (UK, Germany, France, Spain, and Others)
• Middle East and Africa (Saudi Arabia, UAE, and Others)
• Asia Pacific (China, Japan, India, South Korea, Taiwan, Thailand, Indonesia, and Others)

Photonic Integrated Circuit (PIC) Market Competitive Landscape:

The photonic integrated circuit (PIC) market is marked by the presence of key players key players such as Agilent Technologies, Enablence, II-VI Incorporated, Infinera Corporation, Intel Corporation, and NeoPhotonics Corporation, among others.

Photonic Integrated Circuit (PIC) Market Report Coverage:

This report provides extensive coverage as explained in the points below:

• Photonic integrated circuit (PIC) market size, forecasts, and trends by different components. The section provides historical revenue data with analysis focusing on key factors driving the adoption, current challenges faced by key market players and what are the major growth areas. 
• Photonic integrated circuit (PIC) market size, forecasts, and trends by application, with historical revenue data and analysis of sales based on applications.
• Photonic integrated circuit (PIC) market size, forecasts, and trends by enterprise type. The section provides historical revenue data with analysis focusing on different segments.
• Photonic integrated circuit (PIC) market is also analyzed across different regions, with historical data, regional share, attractiveness, and opportunity of these solutions in different countries. The growth prospects and key players operating in these markets. The section also dwells on the macro factors, economic scenario, and other complementary factors aiding in market growth.
• Market dynamics: The section details the market growth factors, restraints, and opportunities in the market. The segment also presents complete market scenario with the help of Porter’s five forces model. 
• Competitive Intelligence: A thorough investigation on the competitive structure of the market presented through proprietary vendor matrix model, market share analysis of key players, insights on strategies of key players and recent major developments undertaken by the companies to gain competitive edge. 
• Research methodology: The assumptions and sources which were considered to arrive at the final market estimates. Additionally, how our model is refined to ensure most significant factors are taken into consideration with the proper hypothesis and bottom-up and top-down approaches enhance the reliability of forecasts further strengthening the trustworthiness of the numbers being presented. 

How this report is helpful to you and reasons for purchase?

• The report provides a strategic outlook of the photonic integrated circuit (PIC) market to the decision-makers, analysts and other stakeholders in the easy to read format for taking informed decisions.
• The charts, tables and figures make it easy for the executives to gain valuable insights while skimming the report. 
• Analyst support through calls and email for timely clarification and incorporating additional requests. 
• Option of presentation or doc format with the estimates file to take care of diverse requirements. 
• 15% FREE customization with all our reports help cater additional requirements with significant cost-savings. 
• Option of purchasing specific segments of the study, including opting for summary reports or just the estimates file. 

Photonic Integrated Circuit (PIC) Market Scope:

Report Metric	Details
Photonic Integrated Circuit (PIC) Market Size in 2025	US$8.801 billion
Photonic Integrated Circuit (PIC) Market Size in 2030	US$41.912 billion
Growth Rate	CAGR of 36.63%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Component Application Enterprises Type Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Photonic Integrated Circuit (PIC) Market	Agilent Technologies Enablence II-VI Incorporated Infinera Corporation Intel Corporation
Customization Scope	Free report customization with purchase

 

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1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. PHOTONIC INTEGRATED CIRCUIT (PIC) MARKET BY TYPE

5.1. Introduction

5.2. Optical Components

5.3. Electrical Components

5.4. Hybrid Components

6. PHOTONIC INTEGRATED CIRCUIT (PIC) MARKET BY APPLICATION

6.1. Introduction

6.2. Telecommunication

6.3. Data Centers

6.4. Consumer Electronics

6.5. Biomedical

6.6. Others

7. PHOTONIC INTEGRATED CIRCUIT (PIC) MARKET BY ENTERPRISES TYPE

7.1. Introduction

7.2. Large Enterprises

7.3. Small and Medium Enterprises (SMEs)

8. PHOTONIC INTEGRATED CIRCUIT (PIC) MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Agilent Technologies

10.2.  Enablence

10.3. II-VI Incorporated

10.4. Infinera Corporation

10.5. Intel Corporation

10.6. NeoPhotonics Corporation

10.7. POET Technologies

10.8. Cisco Systems Inc.

10.9. Source Photonics Inc.  

10.10. Lumentum Holdings

10.11. Effect Photonics

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Agilent Technologies

 Enablence

II-VI Incorporated

Infinera Corporation

Intel Corporation

NeoPhotonics Corporation

POET Technologies

Cisco Systems Inc.

Source Photonics Inc.  

Lumentum Holdings

Effect Photonics