IDTechEx's newly-released "Silicon Photonics and Photonic Integrated Circuits 2026-2036: Technologies, Markets, and Forecasts", offers an in-depth assessment of the latest advancements in PIC technologies. According to Marketsandmarkets, the silicon photonics market size was valued at USD 2. 16 billion in 2024 and is projected to reach USD 9. 3% during the forecast period of 2026–2035. Market Leader: Intel Corporation led with over. According to IDTechEx, the photonic integrated circuit and silicon photonics market for optical transceivers in datacom and quantum technologies will reach $50 billion by 2036, with a robust compound annual growth rate (CAGR) of 21.