Silicon Photonics Market, By Product Type (Transceivers, Variable Optical Attenuators, Switches, Cables, Sensors), By Component (Lasers, Modulators, Photo Detectors), By Waveguide (400–1,500 NM, 1,310–1,550 NM, 900–7,000 NM), By Application (Data Center a

Global Silicon Photonics Market - By Application

Based on applications, the global silicon photonics market is categorized into the data center and high-performance computing, telecommunication, military, defense, aerospace, medical and life sciences, and others. Among these, the telecommunication segment accounts for the largest market share. According to a report published in Frontiers Media, silicon photonics are prominently used in fiber optics telecommunications to create transmitters and receivers. Therefore, with the increasing production of communication devices such as smartphones, along with the penetration of new technologies such as 5G, 4G/LTE, etc., the demand for silicon photonics is projected to surge during the forecast period.

Global Silicon Photonics Market - Regional Insights

Geographically, the silicon photonics market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. The Asia-Pacific region is dominating the silicon photonics market. However, North America is also anticipated to register substantial growth during the forecast period. The high concentration of leading market players is contributing to technological advancements and innovations in silicon photonics in this region. Furthermore, increasing sanction of 5G technologies in developed countries such as the United States is also playing a crucial role in driving the overall market growth.

Impact of COVID-19 on the Global Silicon Photonics Market

The COVID-19 pandemic has had a negative impact on the global silicon photonics market. The restrictions on the manufacturing and production activities of electronic devices, along with disruptions in supply and distribution chains due to lockdown imposition in various countries hindered the operations of the silicon photonics market as well. Furthermore, the social distancing norms also resulted in obstruction in the research and development activities, which is anticipated to impact the market growth in the long run. However, the market is slowly recovering in the post-lockdown period as manufacturing operations are resuming in various regions.

Global Silicon Photonics Market - Competitive Landscape

The leading players in the global silicon photonics market are Thorlabs, Inc., Abrisa Technologies, TOPTICA Photonics AG, Precision Optical, Vescent Photonics, Esco Optics, Advanced Optowave Corporation, Hamamatsu Photonics KK, Carl Zeiss AG (Scantinel Photonics GmbH), Intel Corporation, Schott AG, Polatis Photonics Inc., Philips Photonics, Alcatel-Lucent SA, Molex Inc., IPG Photonics, NEC Corporation, Infinera Corporation, Finisar Corporation, and other prominent players.

The global silicon photonics market is highly fragmented due to the presence of several global as well as regional market players. The companies often launch new products to gain a competitive edge besides significantly investing in research and development activities to improve their innovative offerings. They also constantly adopt market strategies, such as partnerships, mergers, acquisitions, joint ventures, etc., to establish themselves as a leading industry player.