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Photonic Integrated Circuits Market to Soar to USD 98.7 Billion by 2031, Registering 29.2% CAGRThe global Photonic Integrated Circuits (PIC) market is set to experience unprecedented expansion over the next decade. Valued at USD 10.2 billion in 2022, the industry is projected to grow at a 29.2% compound annual growth rate (CAGR) from 2023 through 2031, reaching USD 98.7 billion by the end of 2031. Analysts observe that rising demand for...0 Comments 0 Shares 1K Views 0 Reviews
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Photonics in Focus: PIC Market to Reach $98.7 Billion by 2031The global Photonic Integrated Circuits (PIC) market was valued at US$ 10.2 Bn in 2022 and is projected to reach US$ 98.7 Bn by 2031, expanding at an impressive CAGR of 29.2% from 2023 to 2031. This growth is driven by rapid technological advancements, increasing demand for high-speed communication networks, and the adoption of photonics in space and computing technologies. Market...0 Comments 0 Shares 962 Views 0 Reviews
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