Photonic Integrated Circuit Market Size & Forecast to 2033

Vishal Gupta13 May, 2025Technology

The global Photonic Integrated Circuit (PIC) market is experiencing robust growth, driven by rising defense spending, projected to reach USD 2.46 trillion in 2024. PICs are pivotal in modern military applications, enabling secure, high-speed optical communication, precise laser-based weapons, and advanced photonic sensors for surveillance, reconnaissance, and threat detection. Their compact size and seamless integration enhance UAVs and soldier gear, supporting modernization efforts. Beyond defense, PICs are critical in telecommunications and data centers, fueled by 5G and AI demands. The market, valued at USD 14.51 billion in 2024, is expected to grow at a 20.9% CAGR through 2032.