Photonic IC Market
                     Photonic IC 
Market
: Future
of Healthcare in
an Aging World 
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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 automation 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 streaming, and cloud connectivity services, which have been propelling the 
vast global construction of data centers.
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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.
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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.
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circuit-ic-market
One of the main photonic integrated circuit market drivers is the rapid improvements in 
photonics 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.
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