Photonic ICs ( PIC ) Market to 2025 Optical sensors application is an emerging application in this marketplace , which is utilized in fields like aerospace , defense , transportation , energy , and medicine . Quantum computing , a technology soon to be commercialized , is another segment that promises significant utilization of photonic ICs . Photonic ICs are similarly used in biomedical arena , wherein InP-established use of definite photonic ICs are being utilized for the diagnostic examination of opaque skin tissues .
Optical communications is a leading application sector in the photonic IC market , whereas biophotonics and sensing are the other key application segments . Even though the present-day input from optical signal processing segment is the minimum , it is anticipated to witness strong progress post the commercialization of quantum computing .
North America leads the global photonic IC market , trailed by Europe and Asia Pacific . While North America is the chief photonic IC market , Asia Pacific is anticipated to witness strong growth , overtaking Europe and eventually North America . The development in Asia Pacific can be majorly credited to growing demand from optical communications and biophotonics applications . The worldwide photonic IC market is extremely disjointed and is branded by the presence of large number of players .
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