The global market for Photonic Integrated Circuits (PICs) is expanding rapidly due to rising needs for faster data transmission and smaller optical components. These circuits are essential for improving the performance of telecommunications and data center networks, which are growing worldwide. In 2022, the market was valued at approximately USD 1.92 billion and is projected to continue increasing through 2030.
Advancements in technology have made it possible to integrate multiple optical functions into a single chip, reducing size and cost while enhancing efficiency. This trend supports the growing demand for high-speed internet and cloud services, driving investments in PIC development and production. The increasing use of PICs in various applications, including 5G networks and data centers, is a key factor behind the market’s strong growth.
Why this matters:
Photonic Integrated Circuits play a crucial role in enabling faster and more reliable communication networks. As data traffic continues to surge globally, these technologies help meet the demand for efficient and compact solutions, supporting the infrastructure of modern digital services.
Source: NewsData