Photonic Integrated Circuit Market Size, Future Prospects and Growth drivers 2032
The Photonic Integrated Circuit (PIC) market is experiencing significant growth driven by increasing demand for high-speed data transmission and bandwidth in telecommunications and data centers. The rise of 5G networks, cloud computing, and the Internet of Things (IoT) is accelerating adoption. Additionally, the miniaturization of optical devices, enhanced energy efficiency, and lower production costs compared to traditional electronic circuits are propelling market expansion.