Photonic ic market

Photonic IC Market, By Components (Lasers, Modulators, Detectors, Attenuators, MUX/DEMUX, Optical Amplifiers), By Integration Type (Monolithic Integration, Hybrid Integration and Module Integration), By Raw Material (Indium Phosphide, Gallium Arsenide, Lithium Niobate, Silicon, Silica-on-Insulator and Others), By Application (Optical communications, Sensing, Biophotonics and Optical signal processing), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Dec 2022
CMI4179
135 Pages
Excel & Pdf
Semiconductors

Summary

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.

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:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East and Africa: GCC Countries, South Africa, and Rest of Middle East and Africa
Segments covered:	By Components: Lasers, Modulators, Detectors, Attenuators, MUX/DEMUX, Optical Amplifiers. By Integration Type: Monolithic Integration, Hybrid Integration, Module Integration. By Raw Material: Indium Phosphide, Gallium Arsenide, Lithium Niobate, Silicon, Silica-on-Insulator, Others. By Application: Optical communications, Sensing, Biophotonics, Optical signal processing.
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:	Decline in cost due to miniaturization is expected to drive growth of the global photonic IC market during the forecast period Growing application areas and increased functionalities are expected to propel the global photonic IC market growth over the forecast period
Restraints & Challenges:	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

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

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

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.

Table of Content

Table of Contents

*Browse 60 market data tables and 40 figures on "Global Photonic IC Market- Global forecast to 2030”.

Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the expected market size of the global photonic IC market in 2030?

The global photonic IC market is expected to reach US$ 22,965.8 million by 2030.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2022-2030)?

The market is expected to witness a CAGR of 33.6% during the forecast period (2022-2030).

What is the primary factor contributing to the growth of the market?

Major factor driving the growth of market during the forecast period is growing application areas and increased functionalities.

Based on Component which segment held the largest market share in the market in 2021?

The laser segment held the major market share in 2021 owing to recent advancements in the technologies and allowed manufactures to design more innovative and robust products owing to its widespread use in drilling, welding, cutting, marking, and engraving.

Which region held the largest market share in the market in 2021?

North America held the largest share in the market in 2021.

Who are the key players operating in the market?

Key players operating in the 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.