What is the global market size of the Silicon Photonics Market?

Global Silicon Photonics Market size was valued at USD 1.19 billion in 2021 and is poised to grow from USD 1.9 billion in 2022 to USD 2.5 billion by 2030, growing at a CAGR of 2.6% in the forecast period (2023-2030).

Who are the key vendors in the Global Silicon Photonics Market?

The biggest silicon photonics businesses are concentrating their efforts on technology development and research to minimize power consumption even more. The top players in the market are also involved in information sharing as well as mergers and acquisitions. 'Cisco Systems, Inc.', 'Intel Corporation', 'IBM Corporation', 'Mellanox Technologies Ltd.', 'Hamamatsu Photonics K.K.', 'Infinera Corporation', 'NeoPhotonics Corporation', 'Luxtera, Inc.', 'Finisar Corporation', 'STMicroelectronics N.V.', 'Juniper Networks, Inc.', 'Applied Optoelectronics, Inc.', 'Ciena Corporation', 'Huawei Technologies Co., Ltd.', 'Fujitsu Limited', 'Acacia Communications, Inc.', 'Rockley Photonics, Inc.', 'Broadcom Inc.', 'MACOM Technology Solutions Holdings, Inc.', 'Corning Incorporated'

What is the key driver of the Global Silicon Photonics Market?

It is challenging to accommodate the ever-increasing demand for high-speed data transfer with traditional copper lines. The use of optical interconnects with silicon photonic transceivers solves the problem of spectral range limitations. Furthermore, silicon photonics-based components such as transceivers interconnect, and switches used in communication networks utilize less power. Companies like CISCO and Intel have developed optical switches that use very little power (0.6 mW) and have a switching speed of 6 ns.

What is the key market trend for the Global Silicon Photonics Market?

Use of Hybrid Silicon Lasers: One of the key trends in the silicon photonics market is the usage of hybrid silicon lasers (silicon and group III-V semiconductor) to solve mass-production problems in silicon lasers. To produce electrically driven lasers on a silicon wafer that can be incorporated into other silicon photonic devices, the hybrid technique takes advantage of the light-emitting capabilities of III-V semiconductor materials combined with the process maturity of silicon.

Which region accounted for the largest share in the Global Silicon Photonics Market?

Asia Pacific accounted for the majority of revenue in the global silicon photonics market. The rising demand for high-speed internet networks and a larger prevalence of mobile devices across the region are two significant drivers driving regional growth. The expansion of the silicon photonics market in the region is being aided by recent technological advancements. Furthermore, market growth is likely to be boosted by positive government actions and the predominance of low-cost workforce/labor.

Silicon Photonics Market Size, Share, Growth Analysis, By Component(Lasers, Modulators, Photodetectors), By Waveguide(400–1, 500 NM, 1, 310–1), By Product(Transceivers, Active Optical Cables, Optical Multiplexers, Variable Optical Attenuators), By Application(Data Centers & High-performance Computing, Telecommunications, Military, Defense), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45I2203 | Region: Global | Published Date: September, 2024
Pages: 157 | Tables: 181 | Figures: 79

Silicon Photonics Market News

A new silicon photonics engine was launched for data centers and artificial intelligence applications in September 2024. DustPhotonics, a renowned provider of photonics technology, was behind the launch of this new engine with 8 channel support.
A new company from the United States announced that it had raised £4.5 million in June 2024. Wave Photonics raised this capital to further advance its research and find more applications for photonics integrated circuits.
The world’s first open silicon photonics platform was launched back in 2022. OpenLight, a new name in the silicon photonics business, was behind this launch as it focuses on maximizing performance of chips while keeping energy consumption low.

Silicon Photonics Market Report Snapshots

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Silicon Photonics Market size was valued at USD 1.20 billion in 2022 and is poised to grow from USD 1.50 billion in 2023 to USD 11.30 billion by 2031, growing at a CAGR of 28.30% during the forecast period (2024-2031).

Companies' silicon photonics market should invest in the research and development of novel technologies to maximize their business scope. Targeting the automotive industry could offer some lucrative business scope for all silicon photonics providers in the long run. Launching new products, collaborations, and acquisitions are estimated to be popular strategies for new as well as leading silicon photonics companies. 'Cisco Systems, Inc. (US) ', 'Intel Corporation (US) ', 'MACOM Technology Solutions. (US) ', 'GlobalFoundries Inc. (US) ', 'Lumentum Operations LLC (US) ', 'Marvell Technology, Inc. (US) ', 'Coherent Corporation (US) ', 'International Business Machines Corporation (US) ', 'STMicroelectronics N.V. (Switzerland) ', 'Rockley Photonics, Inc (UK) ', 'Sicoya GmbH (Germany) ', 'Ranovus (Canada) ', 'Broadcom Inc. (US) ', 'Hamamatsu Photonics K.K. (Japan) ', 'Molex LLC (US) ', 'Fujitsu Limited (Japan) ', 'Chiral Photonics, Inc. (US) ', 'Effect Photonics (Netherlands) ', 'AIO Core Co., Ltd. (South Korea) ', 'NKT Photonics (Denmark) ', 'IPG Photonics Corporation (US) ', 'DAS Photonics (Spain) ', 'TDK Corporation (Japan) ', 'Scintil Photonics (France)'

Rapidly increasing digitization has created a high demand for faster data transfer speeds, and this is where silicon photonics come into play. Silicon photonics are playing a crucial role in reducing latency in data transmission technologies owing to their low energy consumption and advanced features.

Use in Autonomous Vehicles: Investments in autonomous vehicle research and development have increased rapidly around the world and this is a key opportunity for silicon photonics companies. Use of silicon photonics for faster communication in autonomous vehicles is projected to offer highly rewarding opportunities for all companies in the long run.

India, China, Japan, and South Korea are home to some of the biggest semiconductor manufacturing companies in the world and this is why Asia Pacific is the largest market for silicon photonics. Rapid digitization and growing investments in semiconductor manufacturing technologies are helping this region maintain its high market share. Growing urbanization and industrialization are also expected to play a crucial role in promoting the sales of silicon photonics across the study period and beyond. Increasing deployment of 5G networks in this region will also create new opportunities in the future.

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What is the global market size of Silicon Photonics Market?

Who are the key vendors in the Silicon Photonics Market?

What is the key driver of Silicon Photonics Market?

What is the key market trend for Silicon Photonics Market?

Which region accounted for the largest share in Silicon Photonics Market?

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