The global market for Photonic Integrated Circuits (PICs) is expected to reach a value of $4.6 billion by 2025, with a compound annual growth rate (CAGR) of 22.4% from 2025 to 2034.

Global Data Insights Consultancy announces the release of the report "Global Photonic Integrated Circuits (PICs) Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2034”. This report provides a detailed overview of the market scenario, including a thorough analysis of the market size, sales quantity, average price, revenue, gross margin and market share. The report provides an in-depth analysis of the competitive landscape, manufacturer's profiles, regional and national market dynamics, and the opportunities and challenge that the market may be exposed to in the near future. Global Photonic Integrated Circuits (PICs) Market research report is a comprehensive analysis of the current market trends, future prospects, and other pivotal factors that drive the market.

The report presents authenticated data derived from extensive primary and secondary research. By analysing historical growth trends and the current market landscape, it aims to provide actionable insights and forecasts for global and regional market growth. It takes into account revenue generated from report sales and related technologies across various application segments while exploring market data tables. Key market factors, including macroeconomic conditions, the overall market environment, government policies, and the competitive landscape, are carefully examined to ensure a comprehensive analysis.

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Competitive Landscape:

Some of the major players in the Photonic Integrated Circuits (PICs) Market are:

1.      Intel Corporation

2.      Cisco Systems, Inc.

3.      Infinera Corporation

4.      Broadcom Inc.

5.      NeoPhotonics Corporation

6.      Lumentum Holdings Inc.

7.      II‐VI Incorporated

8.      Mellanox Technologies (NVIDIA)

9.      HPE (Hewlett Packard Enterprise)

10.  IBM Corporation

11.  Huawei Technologies Co., Ltd.

12.  Nokia Corporation

13.  Ciena Corporation

14.  Fujitsu Limited

15.  TE Connectivity

16.  Rockley Photonics

17.  Ayar Labs

18.  Lightmatter, Inc.

19.  Luxtera (acquired by Cisco)

20.  EFFECT Photonics

Recent Development:

In May 2025 – Advanced Micro Devices (AMD) announced the acquisition of Enosemi, a company specializing in photonic integrated circuits. This move aims to bolster AMD’s co-packaged optics solutions, enhancing energy efficiency and bandwidth for AI systems.

In April 2025 – TDK introduced the world’s first “spin photo detector,” integrating optical, electronic, and magnetic elements to achieve response times of just 20 picoseconds. This advancement addresses data transfer bottlenecks in generative AI systems.

In October 2024 – Photonic startup Lightmatter secured $400 million in a Series D funding round, bringing its valuation to $4.4 billion. The funds will support the deployment of photonic chips in data centers and team expansion.

In November 2024 – Italian startup Ephos, funded by NATO, is developing photonic quantum chips using glass instead of silicon. This approach aims to create more energy-efficient quantum computers without the need for cryogenic cooling.

Photonic Integrated Circuits (PICs) Market – Segmentation

By Integration Type Outlook (Revenue, USD Billion, 2020 – 2034)

Monolithic Integration

Hybrid Integration

Module Integration

By Component Outlook (Revenue, USD Billion, 2020 – 2034)

Lasers

Modulators

Photodetectors

Multiplexers/Demultiplexers

Optical Amplifiers

Waveguides

Attenuators

Other Passive Components

By Material Type Outlook (Revenue, USD Billion, 2020 – 2034)

Indium Phosphide (InP)

Silicon (Si)

Silicon-on-Insulator (SOI)

Gallium Arsenide (GaAs)

Lithium Niobate

Others (e.g., Polymer, Glass)

By Application Outlook (Revenue, USD Billion, 2020 – 2034)

Optical Communication

Long-Haul

Metro Network

Data Center Interconnect

Optical Sensing

Environmental Monitoring

Biomedical Sensing

Industrial Sensing

Biophotonics

Quantum Computing

Optical Signal Processing

LIDAR and Imaging Systems

By End User Outlook (Revenue, USD Billion, 2020 – 2034)

Data Centers & Cloud Providers

Telecommunications Companies

Consumer Electronics Manufacturers

Healthcare and Life Sciences

Defense and Aerospace

Automotive (for LiDAR and sensing)

Industrial & Automation

By Transmission Mode Outlook (Revenue, USD Billion, 2020 – 2034)

Single-Mode

Multi-Mode

Photonic Integrated Circuits (PICs) Market Regional Analysis

North America (USA and Canada)

Europe (UK, Germany, France and rest of Europe)

Asia-Pacific (China, Japan, India, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa (GCC and Rest of the Middle East and Africa)

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Important Features of the reports:

- Detailed analysis of the Photonic Integrated Circuits (PICs) Market

- Fluctuating market dynamics of the industry

- Detailed Photonic Integrated Circuits (PICs) Market segmentation

- Historical, current and projected market size in terms of volume and value

- Recent industry trends and developments

- Competitive landscape of the Photonic Integrated Circuits (PICs) Market

- Strategies of key players and product offerings

- Potential and niche segments/regions exhibiting promising growth

- A neutral perspective towards Photonic Integrated Circuits (PICs) Market performance.

25% free Customization of the Report:

- Country level market for Photonic Integrated Circuits (PICs) Market (up to 5)

- Profiling and additional market players (up to 5)

- Free up to 40 hours of customization.