Global Silicon Photonics Market Insights
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).
The global silicon photonics market size is projected to grow at a significant CAGR during 2023 and 2030. Rising popularity of semiconductor devices and microchips in communication devices is projected to propel the market growth in the forecast period.
Silicon photonics is increasingly employed to transmit data between microchips using optical rays. Furthermore, when compared to electrical conductors, they are capable of delivering a significant amount of data in less time. According to the third edition of the European Union's Photonics report, the worldwide photonics industry is estimated to surpass US$ 990 billion in 2030, up from roughly US$ 600 billion in 2022.
Furthermore, cloud computing performance requirements for data centers, quickly increasing internet traffic, and shrinking Machinery & E bandwidth are all projected to fuel the silicon photonics market's growth. Moreover, the growing applications of silicon photonics, such as biomedical, autonomous vehicles, data transfer, telecoms, and artificial intelligence, will add to the market's expansion from 2023 to 2030.
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Analysis:
Global Silicon Photonics Market Segmental Analysis
Global Silicon Photonics Market is segmented based on component, end use, product, application, waveguide, component, and region. Based on type, market is further sub-segmented into lasers, modulators, and photo detectors. Based on end user the market is further sub segmented into healthcare, consumer electronics, defense, telecom, and data communication.
Silicon Photonics Market Analysis by Component
The lasers segment had the largest market share, and this dominance is expected to continue during the projected period. The increased demand for hybrid silicon lasers which are used to address mass production issues in silicon lasers is related to the rise of segment.
In the forecast period, the modulators segment is likely to increase at a quicker rate. Modulators alter or vary the characteristics of light beams, such as their optical power or phase. A phase, polarization, or amplitude modulator is a type of optical modulator that is used to change various beam properties.
Silicon Photonics Market Analysis by Product
In the Silicon Photonics Market, the transceiver segment has the largest share. These are small devices that are utilized in optical communication systems to achieve high-speed performance. Transceivers are predicted to be employed in a variety of applications, and as a result, they are expected to increase at the fastest rate. They're used in data centers, high-performance computing, and telecommunications here. The leading silicon photonics businesses want to be able to transmit data at 100 gigabits per second.
Silicon Photonics Market Top Player's Company Profiles
- 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
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