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Australia Photonic Integrated Circuits Market By Integration Type (Monolithic Integration, Hybrid Integration); By Raw Material (Indium Phosphide (InP), Silicon (Si), Silicon Nitride (SiN)); By Components (Lasers, Modulators, Detectors, Waveguides, Multiplexers/Demultiplexers); By Application (Telecommunications, Data Centers, Sensing); By End User (Telecommunication Service Providers, Data Center Operators, Healthcare, Defense and Aerospace, Manufacturing and Industrial); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Australia Photonic Integrated Circuits Market Size 2023	USD 188.75 million
Australia Photonic Integrated Circuits Market, CAGR	21.43%
Australia Photonic Integrated Circuits Market Size 2032	USD 1,090.32 million

Market Overview

The Australia Photonic Integrated Circuits Market is projected to grow from USD 188.75 million in 2023 to an estimated USD 1,090.32 million by 2032, with a compound annual growth rate (CAGR) of 21.43% from 2024 to 2032. This substantial growth is attributed to the increasing adoption of photonic technologies in various applications such as telecommunications, data centers, and healthcare.

The market is driven by advancements in photonic integration and the rising demand for high-speed internet and data processing capabilities. The Australian government’s initiatives to promote digital transformation and technological innovation are also contributing to the market’s growth. Additionally, the increasing focus on developing sustainable and energy-efficient solutions in the technology sector is a significant trend influencing the market dynamics.

Geographically, the market is concentrated in major cities such as Sydney, Melbourne, and Brisbane, where technological infrastructure is more developed. Key players in the market include Infinera Corporation, NeoPhotonics Corporation, Broadcom Inc., and IPG Photonics Corporation, among others. These companies are investing in research and development to innovate new products and expand their market presence, further intensifying competition within the industry. The presence of local and international companies in the market fosters a competitive landscape, driving the adoption of cutting-edge technologies.

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Market Drivers

Advancements in Photonic Integration Technology

The Australia Photonic Integrated Circuits (PICs) market is significantly driven by advancements in photonic integration technology. Photonic integration involves combining multiple photonic components, such as lasers, modulators, and detectors, onto a single chip. This integration enhances the performance and functionality of devices while reducing their size, cost, and energy consumption. As the demand for faster and more efficient data processing and communication continues to grow, the adoption of PICs in applications such as data centers, telecommunications, and sensing is becoming increasingly prevalent. For instance, Advanced Navigation, an Australian company, has been awarded a grant by the Department of Defence to advance the nation’s domestic manufacturing capability for photonic chips. The company plans to manufacture 45,000 photonic chips per year, making it the first and only company to produce this technology in Australia. Innovations in materials, such as silicon photonics, and manufacturing techniques are enabling the development of more complex and high-performance PICs, which are critical for meeting the evolving needs of industries reliant on photonic technology.

Increasing Demand for High-Speed Internet and Data Processing

The surge in data consumption and the need for high-speed internet connectivity are major drivers of the Australia PICs market. With the proliferation of cloud computing, streaming services, and the Internet of Things (IoT), there is an escalating demand for faster and more reliable data transmission and processing. For instance, industry reports estimate that by 2024, 85.91% of the Australian population will have mobile internet access and that 35% of Australian mobile subscribers will be on 5G by 2025. Photonic integrated circuits offer significant advantages in terms of bandwidth, speed, and energy efficiency compared to traditional electronic circuits. They enable faster data transfer rates and lower latency, which are essential for supporting the growing volume of data traffic. As a result, telecommunications companies and data center operators are increasingly adopting PICs to upgrade their infrastructure, enhance network capacity, and meet the rising consumer and business demands for high-speed internet services.

Government Initiatives and Support for Technological Innovation

Government initiatives and support for technological innovation are playing a pivotal role in the growth of the Australia PICs market. The Australian government has been proactive in promoting research and development in advanced technologies, including photonics. Through funding programs, grants, and partnerships with academic institutions and private companies, the government is fostering an environment conducive to innovation and technological advancement. For example, the Department of Defence awarded Advanced Navigation a grant of $306,631 AUD (approx. $200,000 USD) as part of the Sovereign Industrial Capability Priority grant to advance domestic photonic chip manufacturing. These initiatives are aimed at strengthening Australia’s position in the global technology landscape and driving economic growth. Additionally, policies that encourage the adoption of energy-efficient and sustainable technologies are further propelling the demand for photonic integrated circuits, which are known for their lower power consumption and environmental impact compared to electronic counterparts.

Growing Applications in Emerging Technologies and Industries

The expanding applications of photonic integrated circuits in emerging technologies and industries are contributing to the market’s growth. PICs are increasingly being utilized in sectors such as healthcare, aerospace, and defense for applications like medical imaging, remote sensing, and secure communications. In healthcare, for instance, PICs are used in devices for optical coherence tomography (OCT), a non-invasive imaging technique that provides high-resolution images of biological tissues. In the aerospace and defense industries, PICs are employed in systems for lidar, spectroscopy, and advanced communication networks, offering advantages in terms of size, weight, and power consumption. The versatility of PICs in providing solutions across a broad range of applications underscores their growing importance in the technological landscape and drives market expansion. As industries continue to explore and implement photonic technologies, the demand for PICs is expected to rise, creating new opportunities for market growth and innovation.

Market Trends

Adoption of Silicon Photonics

One of the prevailing trends in the Australia Photonic Integrated Circuits (PICs) market is the increasing adoption of silicon photonics technology. Silicon photonics leverages silicon as an optical medium, integrating optical and electronic functions on a single chip. This technology offers significant advantages, including reduced power consumption, lower cost, and increased scalability, making it highly attractive for various applications, especially in data centers and telecommunications. For instance, Australian Silicon Photonics, a leading company in the field, is developing software simulation tools and rapid prototyping services to accelerate the adoption of silicon photonics. Their products enable designers to marry high-capacity optical links with electronic processing, delivering 100x today’s computing power with 10x less energy. The ability of silicon photonics to handle high data transfer rates and bandwidth-intensive applications is driving its adoption as the demand for high-speed internet and efficient data processing grows. In fact, industry reports estimate that by 2024, 85.91% of the Australian population will have mobile internet access, and 35% of Australian mobile subscribers will be on 5G by 2025. Additionally, the integration of silicon photonics with existing semiconductor manufacturing processes allows for mass production, further accelerating its market penetration. The continuous research and development in silicon photonics are leading to innovations that enhance the performance and functionality of PICs, positioning them as a key component in next-generation communication networks and computing systems.

Emphasis on Sustainable and Energy-Efficient Solutions

Another significant trend in the Australia PICs market is the emphasis on developing sustainable and energy-efficient solutions. As global concerns about energy consumption and environmental impact intensify, industries are seeking technologies that contribute to sustainability goals. Photonic integrated circuits, known for their lower energy consumption compared to traditional electronic circuits, are gaining traction as an energy-efficient alternative. For instance, the Australian company Azimuth Avionics Pty Ltd recently signed an agreement with National Sun Yat-sen University in Taiwan to transfer silicon photonics integrated circuit and fiber optic gyroscope technology. This technology greatly reduces the size and cost of photonic gyroscopes to 10% while maintaining tactical-grade accuracy, which is at least ten times more accurate than commercially available MEMS counterparts. This focus on sustainability is particularly evident in sectors like telecommunications and data centers, where energy costs and carbon footprints are major considerations. Companies are investing in PIC technology to optimize their operations, reduce energy usage, and enhance the overall efficiency of their systems. Moreover, government policies and regulations promoting energy efficiency and sustainability are further encouraging the adoption of PICs. The Australian government has been proactive in supporting research and development in advanced technologies, including photonics, through funding programs, grants, and partnerships with academic institutions and private companies. The focus on green technology and the pursuit of eco-friendly innovations are likely to continue driving the growth of the PIC market in Australia, as both public and private sectors increasingly prioritize environmental considerations in their technological investments.

Market Restraints and Challenges

High Initial Costs and Complexity of Integration

One of the primary restraints in the Australia Photonic Integrated Circuits (PICs) market is the high initial costs associated with the development and deployment of PIC technology. The design and fabrication of photonic integrated circuits require sophisticated manufacturing processes and specialized equipment, which can be expensive. These costs are particularly burdensome for small and medium-sized enterprises (SMEs) that may lack the financial resources to invest in such technologies. Additionally, the integration of photonic circuits with existing electronic systems presents significant challenges. The complexity involved in ensuring compatibility, optimizing performance, and managing thermal effects can lead to increased development time and costs. This complexity can be a barrier to entry for companies looking to adopt PIC technology, potentially slowing down market growth and limiting the widespread adoption of these advanced solutions.

Limited Skilled Workforce and Knowledge Gaps

Another critical challenge facing the Australia PICs market is the limited availability of a skilled workforce with expertise in photonics and related fields. The development and commercialization of photonic integrated circuits require specialized knowledge in areas such as optics, semiconductor physics, and electronic engineering. However, there is a notable skills gap in the industry, with a shortage of professionals trained in these disciplines. This gap can hinder the growth of the PICs market by slowing down innovation, increasing project lead times, and raising costs due to the need for specialized training and recruitment. Furthermore, the knowledge gap extends to end-users and industries that may be unfamiliar with the benefits and applications of PIC technology. Educating potential customers and stakeholders about the advantages of photonic integration and overcoming misconceptions or lack of awareness are crucial steps in driving market adoption. Addressing these workforce and knowledge challenges is essential for the sustainable growth and advancement of the PICs market in Australia.

Market Segmentation Analysis

By Type

Monolithic integration in photonic integrated circuits (PICs) involves incorporating all components onto a single semiconductor substrate, offering benefits such as reduced size and improved performance due to seamless connectivity. However, it faces limitations related to material properties and the complexity of function integration. Hybrid integration addresses these challenges by combining components made from different materials on a single platform, enhancing the versatility and performance of PICs, especially in applications requiring high-performance lasers and detectors. Meanwhile, module integration involves packaging multiple PICs or optical components into a single module, facilitating assembly and maintenance, making it ideal for commercial applications like telecommunications and data centers, where scalability and reliability are crucial.

By Application

Photonic Integrated Circuits (PICs) are widely utilized across various sectors, driving significant growth in the Australia market. In telecommunications and data communication, PICs facilitate high-speed data transmission and efficient processing, crucial for meeting the rising demand for faster internet and cloud computing services. The sensing applications of PICs, such as environmental monitoring and industrial automation, benefit from their precision and sensitivity in detecting environmental changes and system performance. In the medical field, PICs enhance diagnostic equipment like optical coherence tomography (OCT) systems, providing high-resolution imaging. Additionally, the integration of PICs into consumer electronics, including smartphones and wearable devices, boosts functionality and efficiency, showcasing the versatile applications of this technology.

Segments

Based on Type

Monolithic Integration
Hybrid Integration
Module Integration

Based on Application

Telecommunications
Data Communication
Sensing
Medical
Consumer Electronics

Based on Component

Lasers
Modulators
Detectors
Optical Amplifiers
Multiplexers/De-multiplexers

Based on Raw Material

Indium Phosphide
Gallium Arsenide
Lithium Niobate
Silicon
Silica-on-Insulator

Based on Region

Sydney
Melbourne
Brisbane

Regional Analysis

New South Wales (35%):

New South Wales, particularly Sydney, holds a significant share of the Australia PICs market, accounting for approximately 35% of the market share. This dominance is driven by the region’s status as a technology hub, housing numerous tech companies, research institutions, and data centers. The presence of leading universities and research facilities fosters innovation in photonic technologies, promoting the development and adoption of PICs. Additionally, the state’s well-established telecommunications infrastructure supports the integration of advanced photonic solutions, catering to the growing demand for high-speed data transmission and processing.

Victoria (30%):

Victoria, with Melbourne as its economic center, represents around 30% of the market share in the Australia PICs market. The region is known for its strong industrial base and vibrant technology sector, which includes significant investments in photonics and optical technologies. Melbourne’s concentration of research institutions, coupled with state government initiatives promoting digital innovation, has created a conducive environment for the growth of the PICs market. The application of PICs in healthcare, particularly in medical imaging and diagnostics, is also a notable contributor to the market’s expansion in this region.

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Key players

Infinera Corporation
Lumentum (formerly JDS Uniphase)
Intel Corporation
Lumentum Holdings Inc.
IBM Corporation
Cisco Systems, Inc.
STMicroelectronics N.V.
Agilent Technologies
Broadcom

Competitive Analysis

The Australia Photonic Integrated Circuits (PICs) market is characterized by intense competition among major global players. Infinera Corporation and Lumentum, known for their advanced photonic solutions, lead the market with significant investments in research and development. Intel Corporation and IBM Corporation leverage their extensive experience in semiconductor technology to enhance their PIC offerings, focusing on data center and telecommunications applications. Cisco Systems, Inc. and Broadcom are key players in network infrastructure, integrating PICs to improve data transmission and connectivity. STMicroelectronics N.V. and Agilent Technologies contribute with specialized components and testing equipment, respectively, supporting the overall ecosystem. The competitive landscape is defined by continuous innovation, strategic partnerships, and efforts to expand market presence through new product developments and technological advancements.

Recent Developments

In May 2023, ANELLO Photonics partnered with NVIDIA Inception to support startups that are transforming industries with technological innovations. ANELLO leverages its patented photonic gyroscope integrated circuit technology to develop optical sensors characterized by low noise and low drift. This collaboration aims to advance the development and application of cutting-edge photonic technologies in various sectors.

In August 2022, DustPhotonics announced a collaboration with MaxLinear to showcase superior system performance in silicon photonics chipsets. These chipsets feature integrated lasers driven directly by a digital signal processor (DSP), eliminating the need for an external driver chip. This partnership highlights a significant advancement in silicon photonics technology, aiming to enhance the efficiency and integration of photonic systems.

In March 2022, Source Photonics introduced its Silicon-Photonics 400G DR4 QSFP56-DD products at the Optical Fiber Communication Conference (OFC) 2022. These transceivers are designed for seamless integration with the company’s pump laser chip, surpassing IEEE 802.3bs 400GBASE-DR4 optical interface standards. They support connections over distances greater than 500 meters and up to 2 kilometers, consuming a typical power of 8 W. The devices utilize a 7 nm DSP and are packaged in a Type 2 FP QSDD form factor with an MPO-12 connector.

In March 2023, iPronics launched a versatile photonic chip targeting wireless signal processing, data centers, machine learning, and advanced computing applications. The company focuses on developing programmable photonic systems based on adaptable optical hardware, catering to diverse application needs. This innovation supports the increasing demand for efficient and flexible photonic solutions in various technological fields.

In March 2022, EFFECT Photonics and Jabil Photonics collaborated to develop a new generation of coherent optical modules. These modules offer a unique solution for network operators and hyperscalers, combining high performance with a compact footprint, low power consumption, and cost-effectiveness. Designed for cloud Data Center Interconnects (DCIs), the modules provide field replaceability and vendor interoperability, addressing the growing demands for increased data flow, service continuity, enhanced security, global expansion, and sustainability in network infrastructures.

Market Concentration and Characteristics

The Australia Photonic Integrated Circuits (PICs) market is characterized by a moderate to high level of concentration, with several key global players dominating the market. Companies like Infinera Corporation, Lumentum Holdings Inc., and Intel Corporation hold significant market shares due to their advanced technological capabilities, extensive research and development activities, and comprehensive product portfolios. The market is marked by rapid innovation and a strong focus on developing cutting-edge photonic technologies, which are essential for applications in telecommunications, data centers, and medical devices. The presence of specialized local players also adds to the competitive landscape, contributing to a dynamic and evolving market environment that emphasizes high performance, energy efficiency, and scalability in PIC solutions.

Report Coverage

The research report offers an in-depth analysis based on Type, Application, Component, Raw Material and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The demand for high-speed internet and data services will drive further adoption of PICs in telecommunications, enhancing network capabilities and efficiency.

As data centers expand to accommodate increasing data traffic, PICs will play a critical role in improving energy efficiency and data processing speeds.

Silicon photonics technology will continue to evolve, offering more cost-effective and scalable solutions for various applications, including data communications and sensing.

The market will see a growing emphasis on developing energy-efficient PICs, driven by the need for sustainable and environmentally friendly technologies.

PICs will become more integrated into medical devices and diagnostic equipment, providing high-precision imaging and sensing capabilities.

Government initiatives and funding for research in photonics will boost the development of innovative PIC technologies, supporting industry growth.

Increased collaboration between academic institutions and industry players will foster innovation and accelerate the commercialization of new PIC products.

The adoption of PICs in consumer electronics, such as smartphones and wearable devices, will grow, enhancing device functionality and performance.

The market will witness the emergence of new applications for PICs, particularly in areas like quantum computing, lidar systems, and advanced manufacturing.

The competitive landscape will evolve with the entry of new players and increased investment in PIC technology, leading to a broader range of products and solutions available in the market.

CHAPTER NO. 1 : INTRODUCTION 15

1.1.1. Report Description 15

Purpose of the Report 15

USP & Key Offerings 15

1.1.2. Key Benefits for Stakeholders 15

1.1.3. Target Audience 16

1.1.4. Report Scope 16

CHAPTER NO. 2 : EXECUTIVE SUMMARY 17

2.1. Australia Photonic Integrated Circuits Market Snapshot 17

2.1.1. Australia Photonic Integrated Circuits Market, 2018 – 2032 (USD Million) 18

CHAPTER NO. 3 : AUSTRALIA PHOTONIC INTEGRATED CIRCUITS MARKET – INDUSTRY ANALYSIS 19

3.1. Introduction 19

3.2. Market Drivers 20

3.2.1. Driving Factor 1 Analysis 20

3.2.2. Driving Factor 2 Analysis 21

3.3. Market Restraints 22

3.3.1. Restraining Factor Analysis 22

3.4. Market Opportunities 23

3.4.1. Market Opportunity Analysis 23

3.5. Porter’s Five Forces Analysis 24

CHAPTER NO. 4 : ANALYSIS COMPETITIVE LANDSCAPE 25

4.1. Company Market Share Analysis – 2023 25

4.1.1. Australia Photonic Integrated Circuits Market: Company Market Share, by Volume, 2023 25

4.1.2. Australia Photonic Integrated Circuits Market: Company Market Share, by Revenue, 2023 26

4.1.3. Australia Photonic Integrated Circuits Market: Top 6 Company Market Share, by Revenue, 2023 26

4.1.4. Australia Photonic Integrated Circuits Market: Top 3 Company Market Share, by Revenue, 2023 27

4.2. Australia Photonic Integrated Circuits Market Company Volume Market Share, 2023 28

4.3. Australia Photonic Integrated Circuits Market Company Revenue Market Share, 2023 29

4.4. Company Assessment Metrics, 2023 30

4.4.1. Stars 30

4.4.2. Emerging Leaders 30

4.4.3. Pervasive Players 30

4.4.4. Participants 30

4.5. Start-ups /SMEs Assessment Metrics, 2023 30

4.5.1. Progressive Companies 30

4.5.2. Responsive Companies 30

4.5.3. Dynamic Companies 30

4.5.4. Starting Blocks 30

4.6. Strategic Developments 31

4.6.1. Acquisitions & Mergers 31

New Product Launch 31

Regional Expansion 31

4.7. Key Players Product Matrix 32

CHAPTER NO. 5 : PESTEL & ADJACENT MARKET ANALYSIS 33

5.1. PESTEL 33

5.1.1. Political Factors 33

5.1.2. Economic Factors 33

5.1.3. Social Factors 33

5.1.4. Technological Factors 33

5.1.5. Environmental Factors 33

5.1.6. Legal Factors 33

5.2. Adjacent Market Analysis 33

CHAPTER NO. 6 : AUSTRALIA PHOTONIC INTEGRATED CIRCUITS MARKET – BY TYPE SEGMENT ANALYSIS 34

6.1. Australia Photonic Integrated Circuits Market Overview, by Type Segment 34

6.1.1. Australia Photonic Integrated Circuits Market Revenue Share, By Type, 2023 & 2032 35

6.1.2. Australia Photonic Integrated Circuits Market Attractiveness Analysis, By Type 36

6.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 36

6.1.4. Australia Photonic Integrated Circuits Market Revenue, By Type, 2018, 2023, 2027 & 2032 37

6.2. Monolithic Integration 38

6.3. Hybrid Integration 39

6.4. Module Integration 40

CHAPTER NO. 7 : AUSTRALIA PHOTONIC INTEGRATED CIRCUITS MARKET – BY APPLICATION SEGMENT ANALYSIS 41

7.1. Australia Photonic Integrated Circuits Market Overview, by Application Segment 41

7.1.1. Australia Photonic Integrated Circuits Market Revenue Share, By Application, 2023 & 2032 42

7.1.2. Australia Photonic Integrated Circuits Market Attractiveness Analysis, By Application 43

7.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 43

7.1.4. Australia Photonic Integrated Circuits Market Revenue, By Application, 2018, 2023, 2027 & 2032 44

7.2. Telecommunications 45

7.3. Data Communication 46

7.4. Sensing 47

7.5. Medical 48

7.6. Consumer Electronics 49

CHAPTER NO. 8 : AUSTRALIA PHOTONIC INTEGRATED CIRCUITS MARKET – BY COMPONENT SEGMENT ANALYSIS 50

8.1. Australia Photonic Integrated Circuits Market Overview, by Component Segment 50

8.1.1. Australia Photonic Integrated Circuits Market Revenue Share, By Component, 2023 & 2032 51

8.1.2. Australia Photonic Integrated Circuits Market Attractiveness Analysis, By Component 52

8.1.3. Incremental Revenue Growth Opportunity, by Component, 2024 – 2032 52

8.1.4. Australia Photonic Integrated Circuits Market Revenue, By Component, 2018, 2023, 2027 & 2032 53

8.2. Lasers 54

8.3. Modulators 55

8.4. Detectors 56

8.5. Optical Amplifiers 57

8.6. Multiplexers/De-multiplexers 58

CHAPTER NO. 9 : AUSTRALIA PHOTONIC INTEGRATED CIRCUITS MARKET – BY RAW MATERIALS SEGMENT ANALYSIS 59

9.1. Australia Photonic Integrated Circuits Market Overview, by Raw Materials Segment 59

9.1.1. Australia Photonic Integrated Circuits Market Revenue Share, By Raw Materials, 2023 & 2032 60

9.1.2. Australia Photonic Integrated Circuits Market Attractiveness Analysis, By Raw Materials 61

9.1.3. Incremental Revenue Growth Opportunity, by Raw Materials, 2024 – 2032 61

9.1.4. Australia Photonic Integrated Circuits Market Revenue, By Raw Materials, 2018, 2023, 2027 & 2032 62

9.2. Indium Phosphide 63

9.3. Gallium Arsenide 64

9.4. Lithium Niobate 65

9.5. Silicon 66

9.6. Silica-on-Insulator 67

CHAPTER NO. 10 : COMPANY PROFILES 68

10.1. Infinera Corporation 68

10.1.1. Company Overview 68

10.1.2. Product Portfolio 68

10.1.3. Swot Analysis 68

10.1.4. Business Strategy 69

10.1.5. Financial Overview 69

10.2. Lumentum (formerly JDS Uniphase) 70

10.3. Intel Corporation 70

10.4. Lumentum Holdings Inc. 70

10.5. IBM Corporation 70

10.6. Cisco Systems, Inc. 70

10.7. STMicroelectronics N.V. 70

10.8. Agilent Technologies 70

10.9. Broadcom 70

CHAPTER NO. 11 : RESEARCH METHODOLOGY 71

11.1. Research Methodology 71

11.1.1. Phase I – Secondary Research 72

11.1.2. Phase II – Data Modeling 72

Company Share Analysis Model 73

Revenue Based Modeling 73

11.1.3. Phase III – Primary Research 74

11.1.4. Research Limitations 75

Assumptions 75

List of Figures

FIG NO. 1. Australia Photonic Integrated Circuits Market Revenue, 2018 – 2032 (USD Million) 18

FIG NO. 2. Porter’s Five Forces Analysis for Australia Photonic Integrated Circuits Market 24

FIG NO. 3. Company Share Analysis, 2023 25

FIG NO. 4. Company Share Analysis, 2023 26

FIG NO. 5. Company Share Analysis, 2023 26

FIG NO. 6. Company Share Analysis, 2023 27

FIG NO. 7. Australia Photonic Integrated Circuits Market – Company Volume Market Share, 2023 28

FIG NO. 8. Australia Photonic Integrated Circuits Market – Company Revenue Market Share, 2023 29

FIG NO. 9. Australia Photonic Integrated Circuits Market Revenue Share, By Type, 2023 & 2032 35

FIG NO. 10. Market Attractiveness Analysis, By Type 36

FIG NO. 11. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 36

FIG NO. 12. Australia Photonic Integrated Circuits Market Revenue, By Type, 2018, 2023, 2027 & 2032 37

FIG NO. 13. Australia Photonic Integrated Circuits Market for Monolithic Integration, Revenue (USD Million) 2018 – 2032 38

FIG NO. 14. Australia Photonic Integrated Circuits Market for Hybrid Integration, Revenue (USD Million) 2018 – 2032 39

FIG NO. 15. Australia Photonic Integrated Circuits Market for Module Integration, Revenue (USD Million) 2018 – 2032 40

FIG NO. 16. Australia Photonic Integrated Circuits Market Revenue Share, By Application, 2023 & 2032 42

FIG NO. 17. Market Attractiveness Analysis, By Application 43

FIG NO. 18. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 43

FIG NO. 19. Australia Photonic Integrated Circuits Market Revenue, By Application, 2018, 2023, 2027 & 2032 44

FIG NO. 20. Australia Photonic Integrated Circuits Market for Telecommunications, Revenue (USD Million) 2018 – 2032 45

FIG NO. 21. Australia Photonic Integrated Circuits Market for Data Communication, Revenue (USD Million) 2018 – 2032 46

FIG NO. 22. Australia Photonic Integrated Circuits Market for Sensing, Revenue (USD Million) 2018 – 2032 47

FIG NO. 23. Australia Photonic Integrated Circuits Market for Medical, Revenue (USD Million) 2018 – 2032 48

FIG NO. 24. Australia Photonic Integrated Circuits Market for Consumer Electronics, Revenue (USD Million) 2018 – 2032 49

FIG NO. 25. Australia Photonic Integrated Circuits Market Revenue Share, By Component, 2023 & 2032 51

FIG NO. 26. Market Attractiveness Analysis, By Component 52

FIG NO. 27. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 52

FIG NO. 28. Australia Photonic Integrated Circuits Market Revenue, By Component, 2018, 2023, 2027 & 2032 53

FIG NO. 29. Australia Photonic Integrated Circuits Market for Lasers, Revenue (USD Million) 2018 – 2032 54

FIG NO. 30. Australia Photonic Integrated Circuits Market for Modulators, Revenue (USD Million) 2018 – 2032 55

FIG NO. 31. Australia Photonic Integrated Circuits Market for Detectors, Revenue (USD Million) 2018 – 2032 56

FIG NO. 32. Australia Photonic Integrated Circuits Market for Optical Amplifiers, Revenue (USD Million) 2018 – 2032 57

FIG NO. 33. Australia Photonic Integrated Circuits Market for Multiplexers/De-multiplexers, Revenue (USD Million) 2018 – 2032 58

FIG NO. 34. Australia Photonic Integrated Circuits Market Revenue Share, By Raw Materials, 2023 & 2032 60

FIG NO. 35. Market Attractiveness Analysis, By Raw Materials 61

FIG NO. 36. Incremental Revenue Growth Opportunity by Raw Materials, 2024 – 2032 61

FIG NO. 37. Australia Photonic Integrated Circuits Market Revenue, By Raw Materials, 2018, 2023, 2027 & 2032 62

FIG NO. 38. Australia Photonic Integrated Circuits Market for Indium Phosphide, Revenue (USD Million) 2018 – 2032 63

FIG NO. 39. Australia Photonic Integrated Circuits Market for Gallium Arsenide, Revenue (USD Million) 2018 – 2032 64

FIG NO. 40. Australia Photonic Integrated Circuits Market for Lithium Niobate, Revenue (USD Million) 2018 – 2032 65

FIG NO. 41. Australia Photonic Integrated Circuits Market for Silicon, Revenue (USD Million) 2018 – 2032 66

FIG NO. 42. Australia Photonic Integrated Circuits Market for Silica-on-Insulator, Revenue (USD Million) 2018 – 2032 67

FIG NO. 43. Research Methodology – Detailed View 71

FIG NO. 44. Research Methodology 72

List of Tables

TABLE NO. 1. : Australia Photonic Integrated Circuits Market: Snapshot 17

TABLE NO. 2. : Drivers for the Australia Photonic Integrated Circuits Market: Impact Analysis 20

TABLE NO. 3. : Restraints for the Australia Photonic Integrated Circuits Market: Impact Analysis 22

Frequently Asked Questions:

What is the projected growth of the Australia Photonic Integrated Circuits (PICs) market?

The market is projected to grow from USD 188.75 million in 2023 to USD 1,090.32 million by 2032, with a CAGR of 21.43% from 2024 to 2032.

What are the primary drivers of the PICs market in Australia?

The market is driven by advancements in photonic integration technology, rising demand for high-speed internet, and government initiatives promoting digital transformation and technological innovation.

Which industries are primarily adopting Photonic Integrated Circuits?

Industries such as telecommunications, data centers, healthcare, aerospace, and consumer electronics are increasingly adopting PICs for applications requiring high-speed data transmission, precise sensing, and efficient processing.

How is the Australian government supporting the PICs market?

The Australian government supports the market through funding programs, grants, and partnerships with academic and private sectors, promoting research, development, and the adoption of advanced photonic technologies.

Who are the key players in the Australia Photonic Integrated Circuits market?

Key players include Infinera Corporation, Lumentum Holdings Inc., Intel Corporation, IBM Corporation, Cisco Systems, Inc., STMicroelectronics N.V., Agilent Technologies, and Broadcom. These companies are known for their innovative products and significant investments in research and development.

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