Enterprise and Space Applications Propel Photonic IC Market to USD 98.7 Billion
The 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 ultra-high-speed communication, coupled with...
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