Photonic Integrated Circuit (PIC) Strategic Business Report 2024: Growing Bandwidth Needs Bring Fiber Optic Networks To The Fore, Steering PIC Demand - Growth Forecasts To 2030

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Aug. 26, 2024 (GLOBE NEWSWIRE) -- The "Photonic Integrated Circuit (PIC) - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Photonic Integrated Circuit (PIC) was estimated at US$1.5 Billion in 2023, and is projected to reach US$5.5 Billion by 2030, growing at a CAGR of 20.4% from 2023 to 2030.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Hybrid Integration PIC segment, which is expected to reach US$2.7 Billion by 2030 with a CAGR of a 19.2%. The Monolithic Integration PIC segment is also set to grow at 23.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $570.3 Million in 2023, and China, forecasted to grow at an impressive 32.0% CAGR to reach $996.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Questions Answered:

• How is the Global Photonic Integrated Circuit (PIC) Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as Acacia Communications, Inc., Broadcom, Inc., Ciena Corporation, and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Attributes:

Report Attribute	Details
No. of Pages	463
Forecast Period	2023 - 2030
Estimated Market Value (USD) in 2023	$1.5 Billion
Forecasted Market Value (USD) by 2030	$5.5 Billion
Compound Annual Growth Rate	20.4%
Regions Covered	Global

Key Topics Covered:
1. MARKET OVERVIEW

• An Introduction to Photonic Integrated Circuit (PIC)
• Materials Used in Making PIC
• Integration Models for PIC
• Applications
• Photonic Integrated Circuit (PIC): Current Market Scenario and Outlook
• Substrate Materials and Fabrication Methods for PICs
• Indium Phosphide: Largest & Fastest Growing Material Type
• World Photonic Integrated Circuit (PIC) Market by Raw Material (2024 & 2030): Percentage Breakdown of Revenues for Indium Phosphide (InP), Silicon-on-Insulator (SOI), Gallium Arsenide (GaAs), Silicon (Si), and Other Raw Materials
• Silicon Substrates Remain in Contention
• Hybrid Integration: The Widely Used PIC Fabrication Method
• World Photonic Integrated Circuit (PIC) Market by Technique (2024 & 2030): Percentage Breakdown of Revenues for Hybrid Integration, Monolithic Integration, and Module Integration
• Monolithic Integration Emerges as Fastest Growing Fabrication Approach
• Analysis by Application
• World Photonic Integrated Circuit (PIC) Market by Application (2024 & 2030): Percentage Breakdown of Revenues for Optical Communications, Optical Signal Processing, and Other Applications
• Competitive Scenario
• Photonic Integrated Circuit (PIC) Competitor Market Share Scenario Worldwide (in %): 2020
• Recent Market Activity
• Select Global Brands
• Photonic Integrated Circuit (PIC) - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

2. FOCUS ON SELECT PLAYERS

• Acacia Communications, Inc.
• Broadcom, Inc.
• Ciena Corporation
• Infinera Corporation
• Intel Corporation
• IPG Photonics Corporation
• Modular Photonics
• OmniSensing Photonics
• Teem Photonics
• Viavi Solutions, Inc.
• Wooriro Co. Ltd.

3. MARKET TRENDS & DRIVERS

• Expanding Role of DCI in Data Centers Creates Potential Market Opportunities
• Data Center Interconnect (DCI) Related Needs of Enterprises by Sector: A Snapshot
• Major Data Center Trends Influencing DCI Implementations
• Rapid Growth in Data Center Traffic
• Global Data Center Traffic Scenario (2018, 2020 & 2023E): Percentage Breakdown of Data Center Traffic by Equipment Type
• Global Cloud Data Center Market (2018 & 2023E): Percentage Breakdown of Data Center Traffic by Cloud Type
• Big Data and Cloud Computing Proliferate Demand for Hyperscale Data Centers
• PIC to Gain from Introduction of 5G
• Breakdown of Network Latency (in Milliseconds) by Network Type
• Programmable PICs Exude Tremendous Potential to Transform Photonics
• Optical Communications: Largest Application Market for PIC
• Key Trends Influencing the Uptake of PICs in Optical Communication Space
• Soaring Deployments of 100G & Ultra-100G OTNs
• Growing Uptake of FTTx Networks
• Growing Bandwidth Needs Bring Fiber Optic Networks to the Fore, Steering PIC Demand
• Optical Signal Processing Emerges as Fastest Growing Application Segment
• Biophotonics: A Niche Market Segment for PIC
• Expanding Application Base for Biophotonics Generates Parallel Opportunities for PIC
• Increased Focus on Optical In-Vitro Diagnostics Augurs Well
• Biosensors Build on SiN Photonic Integrated Circuits
• Northbound Trajectory in Fiber Optic Sensors Vertical Gives Impetus to Market Expansion
• Global Fiber Optic Sensors Market (2019 & 2024E): Breakdown of Sales in US$ Million by Geographic Region
• Smart Cities Concept to Underpin Sales Growth in the Coming Years
• World Smart City Investments (in US$ Billion) for the Years 2018 through 2025E
• Smart Homes to Drive Demand for PICs
• Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025E
• Advanced Simulation Software for Designing PICs for Automotive Applications
• Upcoming Quantum Computing Model to Infuse New Growth Opportunities
• World Quantum Computing Market by End-Use (2021 & 2027E)
• Economic Unviability of Electronic IC in OEO Conversion Puts Focus on Photonic IC
• Photonic IC vs. Electronic IC: A Brief Comparative Analysis
• Reduced Number of Optical Packages & Decreased Need for Fiber Coupling Enhance the Image of PIC
• Technology Innovations: Key to High Growth and Consistent Demand
• A Monolithic InP-on-Si-on-Insulator Developed by a HKUST Team of Engineers.
• Optoscribe Begins Sampling its New PIC Coupling Solution, OptoCplrLT
• A University of Rochester Team Creates Miniature Modulators for High Potential PICs
• Purdue University Research Team Develops an Electrically Driven, Magnetic-Free Linear Optical Isolator for PIC Production
• Horizon 2020 Project INSPIRE, Aims to Combine Beneficial Properties of Two Mature Photonic Integration Platforms
• Next Generation Silicon Photonics & Polymer Based Photonic ICs Enhance Speed, Bandwidth and Scalability
• Collaborative Initiatives Foster Development of Innovative Products
• Challenges with PIC Production

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• Global Photonic Integrated Circuit (PIC) Market

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