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North America 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
North America Photonic Integrated Circuits Market Size 2023	USD 3,427.49 million
North America Photonic Integrated Circuits Market, CAGR	21.11%
North America Photonic Integrated Circuits Market Size 2032	USD 19,324.71 million

Market Overview

The North America Photonic Integrated Circuits Market is projected to grow from USD 3,427.49 million in 2023 to an estimated USD 19,324.71 million by 2032, with a compound annual growth rate (CAGR) of 21.11% from 2024 to 2032. This significant growth is driven by advancements in telecommunications, data centers, and the increasing demand for high-speed data transmission and bandwidth.

Market drivers and trends in the North America Photonic Integrated Circuits Market include the growing need for energy-efficient and compact devices in communication networks. The increasing deployment of 5G technology and the shift towards cloud-based services are also propelling market growth. Additionally, the emphasis on miniaturization and integration in photonics is enhancing the functionality and performance of these circuits, meeting the demands of various end-use industries.

Geographically, the United States dominates the market due to its strong technological infrastructure and significant investments in research and development. Canada also contributes to the market growth with its expanding telecommunications sector. Key players in the market include Infinera Corporation, Lumentum Holdings Inc., Cisco Systems, Inc., Intel Corporation, and NeoPhotonics Corporation, who are focusing on innovation and strategic partnerships to strengthen their market position and cater to the evolving demands of the region.

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Market Drivers

Advancements in Telecommunications and Data Centers:

The North America Photonic Integrated Circuits (PICs) market is significantly driven by advancements in telecommunications and data center infrastructure. With the rapid increase in data consumption and the expansion of internet services, there is a growing demand for high-speed and high-capacity data transmission. Photonic integrated circuits play a crucial role in meeting these demands by enabling faster and more efficient data transfer compared to traditional electronic circuits. For instance, Intel Corporation inaugurated a Photonic Integrated Circuit (PIC) research center at its Santa Clara, California campus in 2023, dedicated to advancing PIC technologies with an emphasis on innovation for data center interconnects. Similarly, Cisco Systems, Inc. unveiled a PIC research center at its San Jose, California campus in 2023, focusing on innovating new PIC technologies tailored for optical networking. The integration of photonic components in network equipment reduces latency and increases bandwidth, which is essential for supporting the high data rates required by modern communication systems, including 5G networks. According to a report by the 5G Infrastructure Public Private Partnership (5G-PPP), the 5G-PICTURE project successfully demonstrated Europe’s first 5G rail deployment using PICs in an operational environment, showcasing the potential of PICs in supporting 5G services. This has led to increased investments in photonic technologies by telecom operators and data center service providers, driving market growth.

Increasing Adoption in Medical and Sensing Applications:

The adoption of photonic integrated circuits is expanding beyond telecommunications and into the medical and sensing fields. In medical applications, PICs are used in various diagnostic and therapeutic devices due to their precision and ability to process optical signals efficiently. For example, they are integral in optical coherence tomography (OCT) systems, which are widely used in ophthalmology for non-invasive imaging of the retina. A study published in the Journal of Biophotonics in 2023 reported that a PIC-based OCT system developed by researchers at the University of California, Davis, demonstrated enhanced imaging resolution and faster scanning speeds compared to conventional OCT systems. Additionally, the growing focus on minimally invasive procedures has increased the demand for PICs in endoscopic devices. In the sensing domain, PICs are used in environmental monitoring, chemical sensing, and defense applications, where they provide high sensitivity and accuracy. For instance, the U.S. Department of Defense awarded a $2.5 million contract to a consortium led by the University of Central Florida in 2023 to develop PIC-based sensors for chemical and biological threat detection. The versatility and efficiency of PICs in these emerging applications are contributing to their increased adoption, thereby driving market growth.

Emphasis on Energy Efficiency and Miniaturization:

The market is also propelled by the emphasis on energy efficiency and miniaturization in electronic and photonic devices. Photonic integrated circuits offer significant advantages in terms of energy consumption, as they require less power to transmit data over long distances compared to electronic circuits. This energy efficiency is particularly important in data centers, where reducing energy consumption is a critical factor in operational costs and environmental sustainability. A report by the U.S. Department of Energy in 2023 highlighted that the adoption of PIC-based optical interconnects in data centers could potentially reduce energy consumption by up to 30% compared to traditional electrical interconnects. Moreover, the trend towards miniaturization in electronic devices has led to increased integration of photonic components, as they allow for the development of compact and lightweight devices without compromising performance. This trend is particularly evident in consumer electronics, aerospace, and automotive industries, where space and weight constraints are critical considerations. For example, in 2023, Apple Inc. announced the integration of PIC-based LiDAR sensors in its latest iPhone models, enabling advanced augmented reality features and improved camera performance in a compact form factor.

Supportive Government Initiatives and Funding for Research:

Government initiatives and funding for research and development are playing a vital role in driving the North America Photonic Integrated Circuits market. The U.S. government, for instance, has been investing in photonic technologies as part of its broader strategy to maintain technological leadership and competitiveness. Programs such as the American Institute for Manufacturing Integrated Photonics (AIM Photonics) provide funding and resources for the development of advanced photonic manufacturing capabilities. These initiatives aim to foster innovation, facilitate the commercialization of new technologies, and build a skilled workforce in the photonics sector. Additionally, collaborations between academic institutions, industry players, and government agencies are accelerating the pace of innovation and enabling the development of next-generation PICs that are more efficient and cost-effective.

Market Trends

Integration of Silicon Photonics:

A prominent trend in the North America Photonic Integrated Circuits (PICs) market is the increasing integration of silicon photonics technology. Silicon photonics combines photonic and electronic components on a single silicon chip, leveraging the existing semiconductor manufacturing infrastructure. This integration enhances the performance of optical communication systems by offering higher data transmission speeds, reduced power consumption, and smaller form factors. Silicon photonics is particularly crucial in data centers, where the need for efficient, high-speed data transfer is paramount. Major tech companies and semiconductor manufacturers are investing heavily in research and development to advance silicon photonics technology, aiming to meet the growing demand for bandwidth and energy efficiency in data-intensive applications. This trend is expected to drive the adoption of PICs in various sectors, including telecommunications, healthcare, and consumer electronics.

Growth in Photonic Sensing Applications:

Another significant trend in the market is the expanding use of photonic integrated circuits in sensing applications. PICs offer high sensitivity, precision, and miniaturization, making them ideal for a wide range of sensing technologies. In the healthcare industry, PICs are being utilized in advanced diagnostic equipment, such as optical coherence tomography (OCT) systems, which provide detailed images of biological tissues. Additionally, PICs are increasingly employed in environmental monitoring and industrial sensing, where they detect changes in environmental conditions, chemical compositions, and physical parameters with high accuracy. The automotive sector is also witnessing a surge in the adoption of PIC-based sensors, particularly in the development of autonomous driving technologies. These sensors are critical for applications such as LiDAR (Light Detection and Ranging), which relies on precise optical measurements to map surroundings and ensure safe navigation. The broadening scope of photonic sensing applications underscores the versatility and growing importance of PICs across multiple industries, driving further innovation and market expansion.

Market Restraints and Challenges

High Initial Costs and Complex Manufacturing Processes:

The North America Photonic Integrated Circuits (PICs) market faces significant challenges related to the high initial costs and complex manufacturing processes associated with these technologies. Developing PICs involves sophisticated design and fabrication techniques, often requiring specialized materials and equipment. The integration of photonic and electronic components on a single chip necessitates precise alignment and assembly, which can be cost-intensive and technically demanding. These factors result in substantial upfront investments in research and development, infrastructure, and skilled labor, which can be a barrier for new entrants and smaller companies. Additionally, the yield rates in PIC manufacturing can be lower than traditional electronic components, leading to higher production costs. These financial and technical hurdles can limit the broader adoption of PICs, especially in price-sensitive markets or applications where cost efficiency is a critical consideration.

Limited Standardization and Interoperability:

Another key restraint in the North America PICs market is the limited standardization and interoperability among different photonic technologies and components. The industry lacks widely accepted standards for PIC design, testing, and packaging, which can create compatibility issues and hinder the integration of components from different manufacturers. This lack of standardization complicates the development of modular and scalable PIC solutions, which are essential for broad commercial adoption. Furthermore, the proprietary nature of many PIC technologies can lead to fragmented market landscapes, where customers are locked into specific vendors or solutions, reducing flexibility and increasing switching costs. To overcome these challenges, there is a growing need for industry-wide collaboration and the establishment of common standards that facilitate interoperability, reduce costs, and accelerate the commercialization of PIC technologies. However, achieving such consensus remains a complex and ongoing challenge, requiring coordination among various stakeholders, including manufacturers, research institutions, and regulatory bodies.

Market Segmentation Analysis

By Type

Monolithic, hybrid, and module integration are key segments in the photonic integrated circuits market, each offering unique advantages. Monolithic integration, which combines all optical and electronic components on a single semiconductor substrate, is favored for its high performance and compact solutions, as well as its cost-effectiveness and ease of manufacturing. Hybrid integration, on the other hand, combines different photonic and electronic components on a single chip, allowing for diverse material incorporation and functionalities, making it ideal for applications requiring specific properties. Module integration packages multiple integrated circuits into a single module, enhancing system integration, testing, and scalability, particularly in data centers and telecommunications.

By Application

Photonic integrated circuits (PICs) play a crucial role across various applications, with telecommunications being the largest segment due to the growing demand for high-speed internet and data services. PICs enhance bandwidth and efficiency in communication networks, making them indispensable. In data communication, especially within data centers and enterprise networks, PICs are vital for high-speed data transmission and latency reduction, driven by the expansion of cloud services and data analytics. They are also essential in sensing applications for environmental monitoring, industrial processes, and security, where their high sensitivity and precision are invaluable. In the medical field, PICs are used in imaging and diagnostic devices, such as optical coherence tomography (OCT) systems in ophthalmology, providing non-invasive and accurate measurements. Additionally, in consumer electronics, PICs are integral to devices that demand high data rates, including augmented reality (AR) and virtual reality (VR) headsets, as well as advanced display technologies.

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

United States
Canada

Regional Analysis

United States (75%):

The United States accounts for approximately 75% of the North America PICs market share. This dominance is largely due to the country’s advanced technological infrastructure, robust research and development ecosystem, and a high concentration of leading market players. The U.S. is a hub for innovation in photonic technologies, supported by substantial investments from both the public and private sectors. Federal initiatives, such as the American Institute for Manufacturing Integrated Photonics (AIM Photonics), play a crucial role in fostering research and commercialization of photonic integrated circuits. The telecommunications and data center industries are key drivers of PIC adoption in the U.S., propelled by the increasing demand for high-speed data transmission and bandwidth efficiency. Additionally, the healthcare sector is rapidly integrating PICs into diagnostic and therapeutic devices, further enhancing the market’s growth prospects.

Canada (25%):

Canada holds around 25% of the North America PICs market share. The Canadian market is expanding steadily, underpinned by a growing emphasis on advanced manufacturing and innovation in optical technologies. The country’s strategic focus on enhancing its telecommunications infrastructure, including the rollout of 5G networks, is a major driver of demand for photonic integrated circuits. Canadian research institutions and companies are actively engaged in developing new photonic technologies, often collaborating with global players to leverage cutting-edge advancements. The Canadian government’s support for technology-driven industries, through funding and policy initiatives, further strengthens the market’s growth trajectory. Moreover, the adoption of PICs in sectors such as healthcare, environmental monitoring, and industrial sensing is gaining momentum, reflecting a broader diversification of applications.

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Key players

Infinera Corporation
Coherent Corp. (II-VI Incorporated)
Intel Corporation
Lumentum Holdings Inc.
IBM Corporation
Cisco Systems, Inc.
STMicroelectronics N.V.
Agilent Technologies
Broadcom
NeoPhotonics Corporation

Competitive Analysis

The North America Photonic Integrated Circuits (PICs) market is characterized by intense competition among key players such as Infinera Corporation, Coherent Corp. (II-VI Incorporated), Intel Corporation, Lumentum Holdings Inc., and IBM Corporation. These companies lead the market through continuous innovation, extensive research and development, and strategic partnerships. Infinera Corporation and Lumentum Holdings Inc. are notable for their strong presence in optical communication solutions, leveraging advanced PIC technologies to enhance data transmission efficiency. Intel Corporation and Cisco Systems, Inc. are leveraging their expertise in semiconductor and networking technologies to expand their footprint in the PICs market. The competition is also marked by mergers and acquisitions, as seen with Coherent Corp.’s acquisition of II-VI Incorporated, aiming to strengthen its product portfolio and market position. The focus on miniaturization, integration, and energy efficiency continues to drive innovation and competitive dynamics in this rapidly evolving market.

Recent Developments

In May 2023, ANELLO Photonics joined NVIDIA Inception to support start-ups driving transformative technological advancements. This collaboration aims to utilize ANELLO’s patented photonic gyroscope integrated circuit technology to develop low-noise, low-drift optical sensors. The partnership focuses on fostering innovation in optical sensor technology, enhancing precision, and reliability in various applications. By supporting emerging businesses, this initiative seeks to revolutionize industries through cutting-edge advancements, promoting the development and commercialization of next-generation optical sensing solutions.

In August 2022, DustPhotonics and MaxLinear formed a strategic partnership to demonstrate superior performance in silicon photonics chipsets. This collaboration integrates lasers directly driven from a digital signal processor (DSP), eliminating the need for external driver chips. This innovative approach simplifies the design, reduces component requirements, and enhances overall system performance. The partnership highlights significant advancements in silicon photonics technology, aiming to deliver efficient, high-performance solutions for data communication and networking applications.

In March 2022, Source Photonics introduced Silicon-Photonics 400G DR4 QSFP56-DD transceivers at OFC 2022. These advanced transceivers are compatible with Source Photonics’ pump laser chip and exceed IEEE 802.3bs 400GBASE-DR4 and 400G AUI-8 standards. They support data rates up to 100G ASEDR1 and 100G ASEFR1, covering distances of over 500 meters and 2 kilometers, respectively. With a typical power consumption of 8 W, these transceivers utilize a 7 nm DSP and are housed in a Type 2 FP QSDD form factor with an MPO-12 connector, providing efficient high-speed data transfer solutions.

In March 2023, iPronics introduced a versatile photonic chip designed for wireless signal processing, data centers, machine learning, and advanced computing applications. The company specializes in programmable photonic systems with adaptable optical hardware, catering to diverse application needs. This innovative chip aims to enhance the capabilities of photonic technology across various sectors, offering flexible, high-performance solutions that advance the state of the art in photonics, supporting more efficient and powerful data processing and communication technologies.

In March 2022, EFFECT Photonics and Jabil Photonics collaborated to develop next-generation coherent optical modules. These modules provide network operators and hyperscalers with high-performance QSFP-DD technology benefits, including a compact design, low power consumption, cost-effectiveness, field replaceability, and vendor interoperability. The new modules are designed to meet increasing data flow demands, ensure service continuity, enhance security, and support global expansion and sustainability initiatives in cloud Data Center Interconnects (DCIs), addressing the growing needs of the digital economy.

Market Concentration and Characteristics

The North America Photonic Integrated Circuits (PICs) market is characterized by a high level of concentration, with a few major players dominating the landscape. Companies like Infinera Corporation, Intel Corporation, Lumentum Holdings Inc., and Cisco Systems, Inc. are key contributors, leveraging extensive research and development capabilities and robust product portfolios to maintain competitive advantages. The market is distinguished by rapid technological advancements, particularly in silicon photonics, which enable high-speed data transmission and energy-efficient solutions. Despite the dominance of established players, the market also features a dynamic environment with ongoing innovation and the entry of specialized firms focusing on niche applications. This competitive landscape fosters continuous improvements in performance, integration, and cost-effectiveness of PICs, catering to the evolving demands of telecommunications, data centers, and other industries.

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 PICs market is poised for significant growth in telecommunications, driven by the ongoing expansion of 5G networks and the need for high-speed data transmission solutions.

Data centers will continue to adopt PICs to improve energy efficiency and bandwidth, supporting the rising demand for cloud services and data-intensive applications.

Ongoing research and development in silicon photonics will enhance the integration and miniaturization of components, leading to more compact and cost-effective solutions.

The healthcare sector is expected to see increased use of PICs in medical imaging and diagnostic equipment, offering improved accuracy and non-invasive diagnostics.

Emerging applications in quantum computing, artificial intelligence, and machine learning will drive demand for advanced PIC technologies, expanding the market scope.

Energy efficiency will remain a key focus, with PICs playing a crucial role in reducing power consumption in telecommunications and data centers, aligning with sustainability goals.

The development of more sensitive and precise photonic sensors will broaden their application in environmental monitoring, industrial automation, and security systems.

Strategic partnerships between technology firms and research institutions will accelerate innovation and facilitate the commercialization of cutting-edge PIC technologies.

Increased efforts towards standardization and regulatory support will help streamline PIC integration and enhance interoperability across different platforms and industries.

As the technology matures, the PICs market will see diversification in applications, with growth opportunities in automotive, aerospace, and consumer electronics sectors, driven by the demand for high-performance, miniaturized components.

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. North America Photonic Integrated Circuits Market Snapshot 17

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

CHAPTER NO. 3 : NORTH AMERICA 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. North America Photonic Integrated Circuits Market: Company Market Share, by Volume, 2023 25

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

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

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

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

4.3. North America 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 : NORTH AMERICA PHOTONIC INTEGRATED CIRCUITS MARKET – BY TYPE SEGMENT ANALYSIS 34

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

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

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

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

6.1.4. North America 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 : NORTH AMERICA PHOTONIC INTEGRATED CIRCUITS MARKET – BY APPLICATION SEGMENT ANALYSIS 41

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

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

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

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

7.1.4. North America 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 : NORTH AMERICA PHOTONIC INTEGRATED CIRCUITS MARKET – BY COMPONENT SEGMENT ANALYSIS 50

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

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

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

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

8.1.4. North America 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 : NORTH AMERICA PHOTONIC INTEGRATED CIRCUITS MARKET – BY RAW MATERIALS SEGMENT ANALYSIS 59

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

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

9.1.2. North America 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. North America 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 : NORTH AMERICA PHOTONIC INTEGRATED CIRCUITS MARKET – NORTH AMERICA 68

10.1. North America 68

10.1.1. Key Highlights 68

10.1.2. North America Photonic Integrated Circuits Market Revenue, By Country, 2018 – 2023 (USD Million) 69

10.1.3. North America Photonic Integrated Circuits Market Revenue, By Type, 2018 – 2023 (USD Million) 70

10.1.4. North America Photonic Integrated Circuits Market Revenue, By Application, 2018 – 2023 (USD Million) 71

10.1.5. North America Photonic Integrated Circuits Market Revenue, By Component, 2018 – 2023 (USD Million) 72

10.1.6. North America Photonic Integrated Circuits Market Revenue, By Raw Materials, 2018 – 2023 (USD Million) 73

10.2. U.S. 74

10.3. Canada 74

10.4. Mexico 74

CHAPTER NO. 11 : COMPANY PROFILES 75

11.1. Infinera Corporation 75

11.1.1. Company Overview 75

11.1.2. Product Portfolio 75

11.1.3. Swot Analysis 75

11.1.4. Business Strategy 76

11.1.5. Financial Overview 76

11.2. Coherent Corp. (II-VI Incorporated) 77

11.3. Intel Corporation 77

11.4. Lumentum Holdings Inc. 77

11.5. IBM Corporation 77

11.6. Cisco Systems, Inc. 77

11.7. STMicroelectronics N.V. 77

11.8. Agilent Technologies 77

11.9. Broadcom 77

11.10. NeoPhotonics Corporation 77

CHAPTER NO. 12 : RESEARCH METHODOLOGY 78

12.1. Research Methodology 78

12.1.1. Phase I – Secondary Research 79

12.1.2. Phase II – Data Modeling 79

Company Share Analysis Model 80

Revenue Based Modeling 80

12.1.3. Phase III – Primary Research 81

12.1.4. Research Limitations 82

Assumptions 82

List of Figures

FIG NO. 1. North America Photonic Integrated Circuits Market Revenue, 2018 – 2032 (USD Million) 25

FIG NO. 2. Porter’s Five Forces Analysis for North America Photonic Integrated Circuits Market 31

FIG NO. 3. Company Share Analysis, 2023 32

FIG NO. 4. Company Share Analysis, 2023 33

FIG NO. 5. Company Share Analysis, 2023 33

FIG NO. 6. Company Share Analysis, 2023 34

FIG NO. 7. North America Photonic Integrated Circuits Market – Company Volume Market Share, 2023 35

FIG NO. 8. North America Photonic Integrated Circuits Market – Company Revenue Market Share, 2023 36

FIG NO. 9. North America Photonic Integrated Circuits Market Revenue Share, By Type, 2023 & 2032 42

FIG NO. 10. Market Attractiveness Analysis, By Type 43

FIG NO. 11. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 43

FIG NO. 12. North America Photonic Integrated Circuits Market Revenue, By Type, 2018, 2023, 2027 & 2032 44

FIG NO. 13. North America Photonic Integrated Circuits Market for Monolithic Integration, Revenue (USD Million) 2018 – 2032 45

FIG NO. 14. North America Photonic Integrated Circuits Market for Hybrid Integration, Revenue (USD Million) 2018 – 2032 46

FIG NO. 15. North America Photonic Integrated Circuits Market for Module Integration, Revenue (USD Million) 2018 – 2032 47

FIG NO. 16. North America Photonic Integrated Circuits Market Revenue Share, By Application, 2023 & 2032 49

FIG NO. 17. Market Attractiveness Analysis, By Application 50

FIG NO. 18. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 50

FIG NO. 19. North America Photonic Integrated Circuits Market Revenue, By Application, 2018, 2023, 2027 & 2032 51

FIG NO. 20. North America Photonic Integrated Circuits Market for Telecommunications, Revenue (USD Million) 2018 – 2032 52

FIG NO. 21. North America Photonic Integrated Circuits Market for Data Communication, Revenue (USD Million) 2018 – 2032 53

FIG NO. 22. North America Photonic Integrated Circuits Market for Sensing, Revenue (USD Million) 2018 – 2032 54

FIG NO. 23. North America Photonic Integrated Circuits Market for Medical, Revenue (USD Million) 2018 – 2032 55

FIG NO. 24. North America Photonic Integrated Circuits Market for Consumer Electronics, Revenue (USD Million) 2018 – 2032 56

FIG NO. 25. North America Photonic Integrated Circuits Market Revenue Share, By Component, 2023 & 2032 58

FIG NO. 26. Market Attractiveness Analysis, By Component 59

FIG NO. 27. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 59

FIG NO. 28. North America Photonic Integrated Circuits Market Revenue, By Component, 2018, 2023, 2027 & 2032 60

FIG NO. 29. North America Photonic Integrated Circuits Market for Lasers, Revenue (USD Million) 2018 – 2032 61

FIG NO. 30. North America Photonic Integrated Circuits Market for Modulators, Revenue (USD Million) 2018 – 2032 62

FIG NO. 31. North America Photonic Integrated Circuits Market for Detectors, Revenue (USD Million) 2018 – 2032 63

FIG NO. 32. North America Photonic Integrated Circuits Market for Optical Amplifiers, Revenue (USD Million) 2018 – 2032 64

FIG NO. 33. North America Photonic Integrated Circuits Market for Multiplexers/De-multiplexers, Revenue (USD Million) 2018 – 2032 65

FIG NO. 34. North America Photonic Integrated Circuits Market Revenue Share, By Raw Materials, 2023 & 2032 67

FIG NO. 35. Market Attractiveness Analysis, By Raw Materials 68

FIG NO. 36. Incremental Revenue Growth Opportunity by Raw Materials, 2024 – 2032 68

FIG NO. 37. North America Photonic Integrated Circuits Market Revenue, By Raw Materials, 2018, 2023, 2027 & 2032 69

FIG NO. 38. North America Photonic Integrated Circuits Market for Indium Phosphide, Revenue (USD Million) 2018 – 2032 70

FIG NO. 39. North America Photonic Integrated Circuits Market for Gallium Arsenide, Revenue (USD Million) 2018 – 2032 71

FIG NO. 40. North America Photonic Integrated Circuits Market for Lithium Niobate, Revenue (USD Million) 2018 – 2032 72

FIG NO. 41. North America Photonic Integrated Circuits Market for Silicon, Revenue (USD Million) 2018 – 2032 73

FIG NO. 42. North America Photonic Integrated Circuits Market for Silica-on-Insulator, Revenue (USD Million) 2018 – 2032 74

FIG NO. 43. North America Photonic Integrated Circuits Market Revenue, 2018 – 2032 (USD Million) 75

FIG NO. 44. Research Methodology – Detailed View 85

FIG NO. 45. Research Methodology 86

List of Tables

TABLE NO. 1. : North America Photonic Integrated Circuits Market: Snapshot 25

TABLE NO. 2. : Drivers for the North America Photonic Integrated Circuits Market: Impact Analysis 28

TABLE NO. 3. : Restraints for the North America Photonic Integrated Circuits Market: Impact Analysis 30

TABLE NO. 4. : North America Photonic Integrated Circuits Market Revenue, By Country, 2018 – 2023 (USD Million) 77

TABLE NO. 5. : North America Photonic Integrated Circuits Market Revenue, By Country, 2024 – 2032 (USD Million) 77

TABLE NO. 6. : North America Photonic Integrated Circuits Market Revenue, By Type, 2018 – 2023 (USD Million) 78

TABLE NO. 7. : North America Photonic Integrated Circuits Market Revenue, By Type, 2024 – 2032 (USD Million) 78

TABLE NO. 8. : North America Photonic Integrated Circuits Market Revenue, By Application, 2018 – 2023 (USD Million) 79

TABLE NO. 9. : North America Photonic Integrated Circuits Market Revenue, By Application, 2024 – 2032 (USD Million) 79

TABLE NO. 10. : North America Photonic Integrated Circuits Market Revenue, By Component, 2018 – 2023 (USD Million) 80

TABLE NO. 11. : North America Photonic Integrated Circuits Market Revenue, By Component, 2024 – 2032 (USD Million) 80

TABLE NO. 12. : North America Photonic Integrated Circuits Market Revenue, By Raw Materials, 2018 – 2023 (USD Million) 81

TABLE NO. 13. : North America Photonic Integrated Circuits Market Revenue, By Raw Materials, 2024 – 2032 (USD Million) 81

Frequently Asked Questions:

What is the projected growth of the North America Photonic Integrated Circuits Market?

The North America Photonic Integrated Circuits Market is expected to grow from USD 3,427.49 million in 2023 to USD 19,324.71 million by 2032, with a CAGR of 21.11%.

What are the key drivers of growth in the Photonic Integrated Circuits Market?

Key drivers include advancements in telecommunications, increasing demand for high-speed data transmission, and the adoption of 5G technology, as well as the shift towards cloud-based services.

Which regions dominate the North America Photonic Integrated Circuits Market?

The United States dominates the market with approximately 75% share, driven by its advanced technological infrastructure and significant investments in R&D. Canada also contributes to market growth with its expanding telecommunications sector.

Who are the major players in the North America Photonic Integrated Circuits Market?

Key players include Infinera Corporation, Coherent Corp. (II-VI Incorporated), Intel Corporation, Lumentum Holdings Inc., IBM Corporation, Cisco Systems, Inc., STMicroelectronics N.V., Agilent Technologies, Broadcom, and NeoPhotonics Corporation.

What trends are shaping the future of the Photonic Integrated Circuits Market?

Trends include the integration of silicon photonics, growth in photonic sensing applications, emphasis on energy efficiency, and ongoing innovation through strategic partnerships and R&D initiatives.

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