Global Silicon Photonics Market Report and Forecast 2023-2028

Global Silicon Photonics Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global silicon photonics market achieved a value of USD 1347.9 million in 2022. With the accelerating demand for high-speed data transmission and efficient power consumption in data centres, the market is projected to grow at a CAGR of 41.6% between 2023 and 2028, reaching a value of USD 11079.54 million by 2028.

Silicon photonics is a cutting-edge technology that combines silicon-based electronics with photonics to enhance data transfer and processing capabilities. The technology employs light to transfer data among computer chips, allowing faster and more energy-efficient data communication. Silicon photonics has applications in various industries, including telecommunications, data centres, healthcare, and military, among others.

The surge in demand for high-speed data transmission and efficient power consumption in data centres is a significant factor driving the global silicon photonics market growth. As the volume of data generated and processed worldwide continues to increase exponentially, the need for faster and more efficient data transmission technologies becomes critical. Silicon photonics addresses this challenge by enabling ultra-fast data transfer and reducing power consumption, thereby increasing the overall efficiency of data centres.

The implementation of 5G technology is anticipated to boost the global silicon photonics market, as 5G networks require faster and more efficient data transmission. Silicon photonics, with its capacity to handle ultra-fast data transfer, is well-suited to support the requirements of 5G technology. This is expected to drive market growth during the forecast period.

Another key trend propelling the silicon photonics market expansion is the rising focus on sustainable technologies. Silicon photonics contributes to energy efficiency and reduces carbon emissions by minimising the energy consumption of data centres. This feature has become increasingly important as industries and governments worldwide prioritise sustainable development and carbon reduction initiatives.

In addition, the increasing demand for high-performance computing and artificial intelligence (AI) solutions is anticipated to fuel the growth of the silicon photonics market. The technology's ability to handle vast amounts of data at high speeds makes it a suitable choice for AI applications, which require rapid data processing and analysis. As AI continues to gain traction across industries, the silicon photonics market demand is expected to rise in tandem.

Market Segmentation

The market can be divided based on product, component application, and region.

Market Breakup by Product

• Optical Multiplexers
• Active Optical Cable
• Fibre Optical Switches
• Transceiver
• Others

Market Breakup by Component

• Photodetectors
• Laser
• Modulators
• Others

Market Breakup by Application

• Data Centre and High-Performance Computing
• Telecommunications
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global silicon photonics companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• Cisco Systems, Inc.
• Intel Corporation
• IBM Corporation
• NeoPhotonics Corporation
• Hamamatsu Photonics K.K
• STMicroelectronics N.V.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.