1 © Prescient & Strategic Intelligence Private Limited . All rights reserved Photonic IC Market , Share, Growth, Development and Demand Forecast to 2030 2 © Prescient & Strategic Intelligence Private Limited . All rights reserved The market is being driven by the significant demand for such components from the telecommunications, medicinal, and data center facilities, as well as the growing popularity of autonomous cars, rapid automat ion in a variety of industries, and downsizing of electronic equipment. The photonic integrated circuit market is set to hit $41,037.7 million value by 2030. With a CAGR of 20.9% in the upcoming years, the application segment's data centers category is anticipated to increase at the fastest rate. This is because of the introduction of 5G mobile networks, video st reaming, and cloud connectivity services, which have been propelling the vast global construction of data centers. Request for sample pages of this report: https://www.psmarketresearch.com/market - analysis/photonic - integrated - circuit - ic - market/report - sampl e Monolithic has a bigger share in the photonic integrated circuit market, based on the integration method. This is because photonic ICs are integrated using a single material in a range of both passive and active optical devices, eliminating the problems associated with adapting between different materials. Furthermore, the commercialization of this method and the implementation of several monolithic photonics platforms in improved CMOS technologies for next - generation integrated systems are predicted to grow the potential for monolithic integration. Browse full report at: https://www.psmarketresearch.com/market - analysis/photonic - integrated - circuit - ic - market One of the main photonic integrated circuit market drivers is the rapid improvements in photonic s IC technology as well as the numerous integration techniques. For example, in October 2021, scientists at the Hong Kong University of Science and Technology developed a monolithic InP on a silicon - on - insulator (SOI) substrate that would pave the way for completely integrated Si - based photonic integrated circuits. - level firms as well as multi - million - dollar businesses and government agencies. Market Segmentation by Raw Material III – V Material Lithium Niobate Silica - on - Silicon Others Market Segmentation by LIntegration Process Hybrid Monolithic Market Segmentation by Application Telecommunications Biomedical 3 © Prescient & Strategic Intelligence Private Limited . All rights reserved Data Centers Other Applications Market Segmentation by Region North America Photonic Integrated Circuit Market o By raw material o By integration process o By application o By country – U.S. and Canada Europe Photonic Integrated Circuit Market o By raw material o By integration process o By application o By country – Germany, U.K., France, Spain, Italy, and Rest of Europe Asia - Pacific (APAC) Phot onic Integrated Circuit Market o By raw material o By integration process o By application o By country – China, India, Japan, South Korea, Australia and Rest of APAC Latin America (LATAM) Photonic Integrated Circuit Market o By raw material o By integration process o By application o By country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) Photonic Integrated Circuit Market o By raw material o By integration process o By application o By country – Saudi Arabia, South Africa, and Rest of MEA 4 © Prescient & Strategic Intelligence Private Limited . 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