North America Photonic Integrated Circuits Market was valued at USD 0.29 Billion in 2022 and is projected to reach USD 1.37 Billion by 2030, growing at a CAGR of 21.0% from 2024 to 2030.
The North American photonic integrated circuits (PIC) market is experiencing rapid growth, driven by a range of industries seeking high-performance solutions for data transmission, telecommunications, and emerging technologies. Photonic integrated circuits, which combine multiple photonic components on a single chip, are proving essential in modern communication systems. With demand rising in data centers, cloud computing, and high-speed internet, the PIC market is expected to continue expanding significantly.
One of the major requirements driving this growth is the need for faster, more efficient data transmission. As the demand for bandwidth increases with the rise of IoT (Internet of Things), 5G, and AI applications, industries are turning to photonics to address these challenges. Photonic circuits, unlike electronic circuits, use light instead of electricity to transmit data, offering faster speeds, lower energy consumption, and higher capacity.
Telecommunication companies are among the largest consumers of photonic integrated circuits, utilizing them in optical communication systems to deliver faster internet speeds and support massive data traffic. Additionally, data centers are increasingly adopting PIC technology to manage and transfer large data volumes efficiently, making them an essential part of the infrastructure supporting the growing digital economy.
The market is also influenced by the automotive industry’s push for advanced driver-assistance systems (ADAS), where PICs are used in LiDAR (Light Detection and Ranging) sensors for self-driving cars. With the growth of autonomous vehicles, the demand for high-precision sensors is leading to a surge in the adoption of photonic circuits in the automotive sector.
In addition to telecommunications and automotive, industries like healthcare, aerospace, and defense are exploring photonic circuits for applications ranging from medical imaging to secure communication systems. As the demand for more sophisticated technologies grows, the North America Photonic Integrated Circuits Market is poised for continued innovation and expansion.
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Intel Corporation
Infinera Corporation
NeoPhotonics Corporation
Huawei Technologies Co. Ltd.
Luxtera Inc.
Avago Technologies
JDS Uniphase Corporation
Alcatel-Lucent
Hewlett Packard
Mellanox Technologies
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Photonic Integrated Circuits Market
Optical Communications
Sensing
Optical Signal Processing
Biophotonics
Others
Based on Types the Market is categorized into Below types that held the largest Photonic Integrated Circuits market share In 2023.
Hybrid Integration
Monolithic Integration
Module Integration
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Photonic Integrated Circuits Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Photonic Integrated Circuits Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Photonic Integrated Circuits Market, By Type
6. North America Photonic Integrated Circuits Market, By Application
7. North America Photonic Integrated Circuits Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Photonic Integrated Circuits Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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