The Latin America, Middle East and Africa Photonic Integrated Circuit Market would witness market growth of 12.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Photonic Integrated Circuit Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $541.9 million by 2031. The Argentina market is showcasing a CAGR of 13.9% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 11.3% during (2024 - 2031).
In the healthcare sector, PICs improve diagnostic and imaging systems that leverage AI, such as optical coherence tomography (OCT), which provides faster and more detailed images for accurate diagnoses. This integration enables better patient outcomes, particularly in ophthalmology and oncology. The demand for high-performance computing solutions, such as these circuits, will only grow as AI and ML technologies evolve.
Furthermore, the proliferation of Internet of Things (IoT) devices is revolutionizing the transmission and processing of data across a variety of sectors, resulting in a significant demand for high-speed, low-latency communication networks. As more devices become interconnected, the need for efficient and reliable data transmission increases significantly. Driven largely by the almost real-time connectivity of 5G technology, these devices are expected to more than double between 2023 and 2028.
This market in the LAMEA region is on an upward trajectory, driven by strategic investments in telecommunications and data center infrastructure. The Brazilian government is actively working to expand its network infrastructure to meet the increasing need for reliable internet connectivity, especially in remote and underserved areas. One significant initiative is the National Broadband Plan (PNBL), which seeks to ensure that all citizens can access high-speed internet. This ambitious plan emphasizes adopting advanced technologies, including photonics, to enhance communication capabilities. Consequently, the demand for photonic integrated circuits is expected to increase significantly as the region continues to build its data infrastructure and enhance its telecommunications capabilities.
Free Valuable Insights: The Worldwide Photonic Integrated Circuit Market is Projected to reach USD 27.2 Billion by 2031, at a CAGR of 10.4%
Based on Integration Process, the market is segmented into Hybrid and Monolithic. Based on Application, the market is segmented into Data Centers, Telecommunication, Biomedical, and Other Application. Based on Material, the market is segmented into III-V Material, Lithium Niobate, Silica-on-silicon, and Other Material. sBased on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Integration Process
By Application
By Material
By Country
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