Data Centers and Telecommunications Fuel Photonic (globenewswire.com)

 "Amid the highly integrated photonics technology landscape, numerous market players are actively engaged in PIC-led developments to meet the escalating data and network traffic demands, especially within data centers, which have experienced growth exacerbated by the COVID-19 pandemic."

The global PIC market is moderately competitive and features several key players such as Neophotonics Corporation, Poet Technologies, Cisco Systems Inc., and Infinera Corporation. Currently, a handful of major players dominate the market share. However, continuous innovations and technological advancements are enabling companies to expand their market presence by securing new contracts and exploring new markets.

Conclusion

"The global Photonic Integrated Circuit (PIC) Market is on the brink of substantial growth, driven by the superior capabilities of PICs, their energy efficiency, and their applicability across diverse industries. With telecommunications and data centers spearheading this growth, North America is set to lead the way in PIC adoption, with the market poised for significant expansion in the coming years."