포토닉 집적회로 시장 : 현황 분석과 예측(2024-2032년)

The market of Photonic Integrated Circuit (PIC) is rapidly growing as the demand for high-speed data transmission, low power consumption, and high-performance optical components is increasing rapidly. PICs enable multiple photonic functions, with the result that these systems are used in telecommunications, data, center health care, and defense. Such devices open up opportunities that are superior to what can be achieved in traditional electronic circuits, they are faster and consume less energy. These are integral in managing the incoming demands that come along with the advanced digitized world. Big market forces include improvements in telecommunication technologies, 5G, IoT networks, and cloud computing among others. Also, the move to submicron scale as well as the configuration of different material types for better performance is fueling further adoption of PIC applications.

The Photonic Integrated Circuit Market is expected to grow at a robust CAGR of 12.9% during the forecast period, owing to the rapid expansion of 5G infrastructure, which demands high-speed data transfer and low-latency communication. There has been tremendous investment in this market and mergers and acquisitions in the last couple of years have been quite frequent. For instance, In August 2024, Sivers Semiconductors announced a merger plan for its photonics subsidiary, Sivers Photonics Ltd., with byNordic Acquisition Corporation to enhance market accessibility and investor interest. In March 2022, Luminar Technologies acquired Freedom Photonics, focusing on vertical integration to improve performance in high-demand sectors like lidar and autonomous driving.

The Pacific Island Countries are expected to experience the highest growth in Asia-Pacific, and their key markets will be China, Japan, and India due to sound telecommunication systems, policy support, and escalating interest in photonic systems. For example, photonics has been listed as one of the keys strategically important projects in 'Made in China 2025' to avoid heavily relying on external semiconductor technologies and advance domestic production. In North America, the government support of photonics funding programs like DARPA grants within the United States supports photonics research for advanced purposes within defense and telecommunication. These policies and initiatives coupled with rising private investments are improving the PIC market along with positioning it as an essential technology that will enable future innovations in several high demand sectors.

Based on Raw Material, the Photonic Integrated Circuit market is segmented into III-V Material, Lithium Niobate, Silica-on-silicon, and Others. The III-V Material segment seems to be a key player in the growth of Photonic Integrated Circuit market during the forecast period. The main incentive for III-V material in photonic integrated circuits is because it exhibits excellent optical characteristics allowing high integration of complex active elements such as lasers and modulators in applications with a large flow of information.

Based on Application, the Photonic Integrated Circuit market is divided into Telecommunications, Biomedical, Data Centers, and Others. The Telecommunications segment is expected to showcase a substantial growth rate during the forecast period. The telecommunications sector is considered to be the most significant driver of the Photonic Integrated Circuit (PIC) market, based on the increasing demand for high-speed data transfer, low latency and methods for dealing with enormous amounts of data. Denser population in modern society, the emergence of 5G networks, and further fiberization have led to the use of PICs for enhancing network performance and supporting complex multimedia services. With the growth of customer traffic loading multimedia services such as video streaming, online gaming, cloud computing services and others, the telecom operators are compelled to enhance the networks with improved capabilities to handle these high traffic data volumes while at the same time optimizing energy consumption. These evolving telecommunications such as data, voice and video transmission require a compact low power solution with high data rate over long distances and this is provided by PICs. This demand is fostered by the IoT and smart city projects that have integration of many devices into networks that have to be scalable, reliable and secure.

Based on Integration Process, the Photonic Integrated Circuit market is divided into Hybrid and Monolithic. The Hybrid is currently the largest segment in the Photonic Integrated Circuit Market. The key enabler for the hybrid segment of the Photonic Integrated Circuit (PIC) market is the capability of mixing different material systems on a single chip. This integration allows the application of high-performance materials, including III-V compounds for active structures (lasers and modulators) and Si for passive components with functionality and efficiency that are difficult to achieve with monolithic structures. Hybrid-PICs may be useful in designing and implementing sophisticated, high-speed optical communication links that are necessary for extension of 5G, large-scale data centers and other developing sensor applications. Hybrid PICs use multiple materials that fulfill the market's need for customizable, high-performance products use in telecommunication, healthcare and aerospace industries. This flexibility and better efficiency make the hybrid segment the most sought-after for industries demanding flexible and energy-efficient photonic substrates.

For a better understanding of the market adoption of the Photonic Integrated Circuit industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S.A., Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Rest of World. APAC is a continuously growing market for Photonic Integrated Circuits (PICs) due to the rising telecommunication networks, popular implementation of 5G, and technological advancement in photonic integrated systems. China, Japan, South Korea, and India are some of the leaders in this expansion as they progress in constructing ever-high capacities for growing demands in data and high-speed Internet services. Government drives towards innovative capabilities is promoted through programs such as the 'Made in China 2025' where Chinese manufacturing will drive photonics technology advances in sectors like telecommunications and Data center technologies; similarly, Japan, through the advanced manufacturing program is improving the photonics manufacturing industry. Furthermore, the region's growing consumer electronics industry and investments in IoT solutions require PICs to optimize circuits and data transmission rates. Looking at the APAC market, one is assured that the firm will succeed in leveraging in this market since the region has taken a step in technological advancement, and there is always encouragement for the development of PICs.

Some of the major players operating in the market include Marvell Technology, Fujitsu, IBM, Infinera Corporation, Intel Corporation, Lumentum Operations LLC, Ciena Corporation, Cisco Systems, Inc., EMCORE Corporation, and STMicroelectronics.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Photonic Integrated Circuit Market
• 2.2. Research Methodology of the Photonic Integrated Circuit Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Analysis Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.Pricing Analysis

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.GLOBAL PHOTONIC INTEGRATED CIRCUIT MARKET REVENUE (USD MN), 2022-2032F

7.MARKET INSIGHTS BY RAW MATERIAL

• 7.1. III-V Material
• 7.2. Lithium Niobate
• 7.3. Silica-on-silicon
• 7.4. Others

8.MARKET INSIGHTS BY APPLICATION

• 8.1. Telecommunications
• 8.2. Biomedical
• 8.3. Data Centers
• 8.4. Others

9.MARKET INSIGHTS BY INTEGRATION PROCESS

• 9.1. Hybrid
• 9.2. Monolithic

10.MARKET INSIGHTS BY REGION

• 10.1. North America
  • 10.1.1. USA
  • 10.1.2. Canada
  • 10.1.3. Rest of NA
• 10.2. Europe
  • 10.2.1. Germany
  • 10.2.2. United Kingdom
  • 10.2.3. Spain
  • 10.2.4. France
  • 10.2.5. Italy
  • 10.2.6. Rest of Europe
• 10.3. Asia Pacific
  • 10.3.1. China
  • 10.3.2. India
  • 10.3.3. Japan
  • 10.3.4. Australia
  • 10.3.5. Rest of APAC
• 10.4. Rest of World

11.VALUE CHAIN ANALYSIS

• 11.1. Marginal Analysis
• 11.2. List of Market Participants

12.COMPETITIVE LANDSCAPE

• 12.1. Competition Dashboard
• 12.2. Competitor Market Positioning Analysis
• 12.3. Porter Five Forces Analysis

13.COMPANY PROFILED

• 13.1. Marvell Technology
  • 13.1.1. Company Overview
  • 13.1.2. Key Financials
  • 13.1.3. SWOT Analysis
  • 13.1.4. Product Portfolio
  • 13.1.5. Recent Developments
• 13.2. Fujitsu
• 13.3. IBM
• 13.4. Infinera Corporation
• 13.5. Intel Corporation
• 13.6. Lumentum Operations LLC
• 13.7. Ciena Corporation
• 13.8. Cisco Systems, Inc.
• 13.9. EMCORE Corporation
• 13.10. STMicroelectronics

14.ACRONYMS & ASSUMPTION

15.ANNEXURE