Photonic Integrated Circuit Market Trends, Size Analysis, Report 2024-2032

IMARC Group's report titled "Photonic Integrated Circuit Market Report by Component (Lasers, MUX/DEMUX, Optical Amplifiers, Modulators, Attenuators, Detectors), Raw Material (Indium Phosphide (InP), Gallium Arsenide (GaAs), Lithium Niobate (LiNbO3), Silicon, Silica-on-Silicon), Integration (Monolithic Integration, Hybrid Integration, Module Integration), Application (Optical Fiber Communication, Optical Fiber Sensor, Biomedical, Quantum Computing), and Region 2024-2032". offers a comprehensive analysis of the industry, which comprises insights on the global photonic integrated circuit market trends. The global market size reached US$ 11.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.5 Billion by 2032, exhibiting a growth rate (CAGR) of 17.67% during 2024-2032.