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?
- Overview
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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Highlights of the report
- The market analysis provides substantial qualitative insights on regions exhibiting beneficial insights and growth in niche segments
- The market analysis provides the market share, supply and demand ratio, supply chain analysis, and details of import and export
- The report offers a substantial analysis of the prevailing and upcoming market trends and opportunities in the global market
- A detailed analysis collects essential information on elements that will drive or impede the market growth
- A sizeable analysis of the industry is carried out by observing the top contenders by backing the essential product located within the framework of the market
- Silicon photonics market study provides an in-depth qualitative and quantitative analysis of future assessments and prevalent trends and assists in estimating the current market opportunities
Top Market Players Are:
- 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
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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
- Insight by product, component, waveguide, application, and region
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
- What is the market size and growth?
- Which regional market will show the speediest and the highest growth?
- Which are the top five players in the silicon photonics market?
- How will the silicon photonics market alter in the upcoming six years?
- Which application and product will significantly share the silicon photonics market?
- What are silicon photonics market drivers and restrictions?
The market primarily depends on the product, component, waveguide, application, and region
Silicon photonics market: By product
- Transceivers
- Variable Optical Attenuators
- Switches
- Cables
- Sensors
Silicon photonics market: By component
- Lasers
- Modulators
- Photo Detectors
Silicon photonics market: By waveguide
- 400-1,500 NM
- 1,310-1,550 NM
- 900-7000 NM
Silicon photonics market: By application
- Data Centers and High-performance computing
- Telecommunication
- Military
- Defense & Aerospace
- Medical and Life Science
- Other Applications
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