The global photonic integrated circuit market is expected to increase by USD 16 billion, at a compound annual growth rate (CAGR) of 19.3% from 2022 to 2028, according to the latest edition of the Global Photonic Integrated Circuit Market Report.

This industry report offers market estimates of the global market, followed by a detailed analysis of the raw material, application, integration process, and region. The global market data on photonic integrated circuit can be segmented by raw material: III-V materials, lithium niobate, silica-on-silicon, others. The III-V materials segment held the largest revenue share in 2021. Photonic integrated circuit market is further segmented by application: biomedical, data center, telecommunication, others. Among these, the data center segment was accounted for the highest revenue generator in 2021. Based on integration process, the photonic integrated circuit market is segmented into: monolithic, hybrid. The monolithic segment captured the largest share of the market in 2021. On the basis of region, the photonic integrated circuit market also can be divided into: North America, Europe, Asia-Pacific, Rest of the World. According to the research, North America had the largest share in the global photonic integrated circuit market.

The global photonic integrated circuit market is highly competitive. The competitive landscape of the industry has also been examined along with the profiles of the key players Infinera Corporation, Neophotonics Corporation, Cisco Systems Inc., II-VI Incorporated (Coherent Corp.), POET Technologies Inc., Intel Corporation, Lumentum Operations LLC, Huawei Technologies Co. Ltd.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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