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

Photonic integrated circuits (PICs) use manufacturing processes developed for the semiconductor industry to miniaturize complex optical functionality onto a chip. PICs offer significant advantages over electronic ICs. Since light travels about 3x faster than electricity, PICs can transmit data with much higher throughput. Propagation losses are also typically much smaller compared to resistance losses in electronic ICs...