Silicon photonics and InP photonic integrated circuit market to grow to $48bn by 2036

The photonic integrated circuit market, including silicon photonics and indium phosphide (InP) PICs, is projected to grow at a 21.9% CAGR to $48bn by 2036, driven by demands in AI data centers. However, supply constraints on InP substrates, mainly produced in China with export controls, pose risks to scaling production.

This Wire brief sits within Fusion42's coverage of Photonics & Optics, Semiconductors and AI Infrastructure.