According to the research report, the global silicon photonics market share & trends was valued at USD 1.08 billion in 2021 and is expected to reach USD 9.14 Billion by 2030, growing at a CAGR of 27.4% during the forecast period.
What is Silicon Photonics? How Big is Silicon Photonics Market?
Silicon photonics is the ingenious study and application of photonic systems for processing, generating, manipulating, and, if not using light for data transmission that is faster both between or within microchips. Silicon is used as an optical medium. Performance is in infrared wavelength, utilized in fiber optic telecommunication systems.
Both Intel and IBM are decidedly investigating silicon photonics for techniques of semiconductor fabrication. These techniques merge both electronic and optical components on microchips. They endeavor to authenticate Moore’s law which expresses that the number of transistors on an integrated circuit should double every two years.
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Silicon photonics market: Growth leading factors
The silicon photonics market is anticipated to gain considerable market growth. It allows cost-effective optical devices to be made using caliber semiconductor fabrication techniques consolidated with microelectronic chips. Thus, these photonics are increasingly utilized in data transmission between microchips through optical rays.
Further, cloud computing performance requires data centers, speedily growing internet traffic, and shrinking bandwidth are some of the factors anticipated to push the growth of the silicon photonics market. The progressive application of silicon photonics in autonomous vehicles, biomedical, telecom, and artificial intelligence will also develop the silicon photonics market.
On the production supply front, the worldwide semiconductor shortage conflicted with the covid-19 pandemic and impacted most industries, including photonics. As per AIM Photonics, the global semiconductor shortage has obstructed innovation in integrated photonics to a greater extent.
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Silicon photonics market: Report Scope
Report Attribute
Details
Market Size 2021 Value
USD 1.08 billion
Market Outlook for 2030
USD 9.14 billion
Expected CAGR Growth
27.4% from 2022 – 2030
Base year
2020
Forecast period
2022 – 2030
Segments covered
By Product, By Component, By Waveguide, By Application, By Region.
Key Companies
AIO Core Co. Ltd., Cisco Systems Inc., Finisar Corporation, Hamamatsu Photonics K.K, IBM Corporation, Infinera Corporation., Intel Corporation, IPG Photonics Corporation, Mellanox Technologies Ltd., Sicoya, STMicroelectronics NV
Regional scope
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Customization Options
Customized purchase options are available to meet your research needs.
Silicon photonics market: Key segmentation
By product, transceivers witness a higher share due to high-performance computing, data center, and telecommunication usage. With the prominent technological advantage in silicon photonics, it is viable to transfer data at 400 Gbps. By component, hybrid silicon lasers observe a significant share in the market because of the light-emitting properties of III-V semiconductor materials connected with the maturity process of silicon to contrive lasers that are electrically driven on a silicon wafer to be amalgamated into other silicon photonic devices. By application, the data center and high-performance computing segment are responsible for holding the most significant share because growing data center traffic and increasing volume of the global network are enhancing this segment’s growth.
By region, Asia Pacific seems to witness the speediest growth opportunity for the silicon photonics market because of the deployment of the large number of 5G projects and hostile but beneficial policies by the government to stimulate regional market growth in the upcoming years. Additionally, massive investments in research and development in the telecom industry are expected to charge the growth of the silicon photonics market in the Asia Pacific. The exceptionally growing telecom industry in China, India, and Indonesia is the key demand driver for silicon photonics.
Browse the full “Silicon Photonics Market Share, Size, Trends, Industry Analysis Report, By Product (Transceivers, Variable Optical Attenuators, Switches, Cables, and Sensors), By Component (Lasers, Modulators, and Photo Detectors), By Waveguide, By Application; By Region; Segment Forecast, 2022 – 2030” Report at https://www.polarismarketresearch.com/industry-analysis/silicon-photonics-market
Important Questions Being Answered by The Market Report
The market primarily depends on the product, component, waveguide, application, and region
Silicon photonics market: By product
Silicon photonics market: By component
Silicon photonics market: By waveguide
Silicon photonics market: By application
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