Global Silicon Photonics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Silicon Photonics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Silicon photonics is a novel technology with the aim of developing silicon-based optical devices. Owing to the availability of large established silicon fabrication infrastructure and the relatively low cost and high abundance of this material, there are high expectations in the semiconductor industry from this technology for utilization in the communication, healthcare, and defense sectors.

Market Overview:

The latest research study on the global Silicon Photonics market finds that the global Silicon Photonics market reached a value of USD 1250.79 million in 2022. It’s expected that the market will achieve USD 3786.02 million by 2028, exhibiting a CAGR of 20.27% during the forecast period.

High Speed Optical Connectivity for 5G

New 5G networks will set the stage for data-rich services, sophisticated cloud apps, and machine-to-machine communications, delivered faster and with lower latency than ever. 5G will transform our lives by helping deliver a connected society with smart cities, self-driving cars, and new industrial efficiencies. For this to happen, networks must become faster, smarter, and more agile to handle the unprecedented increase in volume and complexity of data traffic as more devices become connected and new digital services are offered.

Restraints

power-hungry
Historically, one of the most serious challenges facing the developers of silicon photonics has been the fact that laser devices, which generate the IR beams that carry the data, are power-hungry. In addition, silicon has not proven effective for lasing because of thermal dissipation within the material. For these reasons, external lasers have been required in the manufacture of optical computers using silicon chips. Researchers are developing methods of overcoming problems that prevent the use of silicon, however. For example, combining silicon with indium phosphide improves its IR-transmission capacity. Electric current is applied to the indium phosphide through metal electrodes, causing photon emissions that can be confined and concentrated in a silicon cavity, producing coherent IR.

Opportunities

Production technology improvement and product upgrade
With the improvement of the technology of various suppliers, the production technology of Silicon Photonics is also constantly improving. The current Silicon Photonics have higher production costs and post-maintenance costs. The development of a wider range of applications, higher product performance and more affordable products will be one of the growth opportunities in this market in the future.

Region Overview:

USA is projected to account for a considerable share of the Silicon Photonics market and is expected to become the largest region by 2028.

Company Overview:

Intel is one of the major players operating in the Silicon Photonics market, holding a share of 24.76% in 2021.

Intel

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide.

Cisco Systems, Inc.

Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP)-based networking and other products related to the communications and information technology (IT) industry and provide services associated with these products and their use.

Segmentation Overview:

As for product types, the Silicon optical transceivers segment held the largest market share in 2022.

Application Overview:

In the Silicon Photonics market, 92.52% of the total value was generated through the Data center segment by application in 2022.

Key Companies in the global Silicon Photonics market covered in Chapter 3:

Acacia
Sandia
Fujitsu
Cisco Systems, Inc.
Intel
China Information and Communication Technology Group
IBM Corp
IHP Microelectronics

In Chapter 4 and Chapter 14.2, on the basis of types, the Silicon Photonics market from 2018 to 2029 is primarily split into:

Silicon optical transceivers
Silicon photonic IC
Silicon photonic sensors
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Silicon Photonics market from 2018 to 2029 covers:

Data center
Non-data center

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)