Photonic Integrated Circuit (PIC) Market Share Driven by Telecom Expansion and Quantum Innovation | Valuates Reports

Photonic Integrated Circuit (PIC) Market Size
The global market for Photonic Integrated Circuit (PIC) was valued at US$ 1351 million in the year 2024 and is projected to reach a revised size of US$ 1806 million by 2031, growing at a CAGR of 4.3% during the forecast period.

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The Photonic Integrated Circuit (PIC) market is expanding rapidly as photonics become central to next-generation communication and computing systems. With the growing demand for faster data transmission, lower energy consumption, and compact device designs, PICs are playing a crucial role in driving market growth. Supported by advances in optical technologies and policy initiatives favoring digital infrastructure, the market size is set to rise in line with global market trends.

By type, indium phosphide-based PICs hold the largest market share due to their efficiency in handling high-speed optical signals, making them essential for telecommunications and data centers. Silicon on insulator technology is showing fast market growth as it leverages mature semiconductor manufacturing ecosystems for scalable production. Other materials such as lithium niobate, silica on silicon, and gallium arsenide also contribute to the technology landscape, supporting niche applications and broadening market diversity.

By application, optical fiber communication dominates the market share, driven by the exponential growth of internet traffic, cloud computing, and 5G networks. Quantum computing is emerging as one of the fastest-growing applications, with PICs enabling breakthroughs in secure communication and advanced processing power. Additional segments such as biomedical uses, optical fiber sensors, and other precision applications are also fueling adoption, reinforcing the role of PICs in diverse industries.

Looking ahead, the market forecast points to strong momentum as innovations in integration, scalability, and power efficiency advance PIC adoption. With strategic investments in R&D, rising demand for high-speed connectivity, and increasing interest in quantum technologies, the Photonic Integrated Circuit market is positioned to transform both communication networks and next-generation computing systems, driving sustainable long-term market growth.

by Type

• Lithium Niobate
• Silica on Silicon
• Silicon on Insulator
• Indium Phosphide
• Allium Arsenide

by Application

• Optical Fiber Communication
• Optical Fiber Sensors
• Biomedical
• Quantum Computing
• Others

By Company

Kotura, NeoPhotonics, Finisar, DS Uniphase, Alcatel-Lucent, Avago Technologies, Lumerical, Aifotec, Ciena, Huawei Technologies, Intel, TE Connectivity, Agilent Technologies, OneChip Photonics, Emcore Co, Viavi Solutions Inc

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