The Silicon Photonics Market size is estimated at USD 2.38 billion in 2024, and is expected to reach USD 9.02 billion by 2029, growing at a CAGR of 30.5% during the forecast period (2024-2029).
Silicon photonics is a growing technology that utilizes optical rays to transfer data within computer chips. It is a favorable technology to replace copper wires, providing greater bandwidth, longer transmission distance, and better energy efficiency.
The silicon photonics market is highly fragmented, with major players like Sicoya GMBH, Intel Corporation, Cisco Systems Inc., Lumentum Operations LLC (Lumentum Holdings Inc.), and Juniper Networks Inc. They are adopting partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook