Global Silicon Photonics Marketto 2027
Global Silicon Photonics Market Size, Trends & Growth Opportunity, By Component (Optical Waveguides, Optical Modulators, Laser, Photodetectors, and Wavelength Division Multiplexing Filters), By Product (Active Optical Cables, Transceivers, Optical Attenuators, Optical Multiplexers, and Others), By Application (IT & Telecommunication, Healthcare & Life Sciences, Consumer Electronics, Commercial, defense, and others), By Region and Forecast till 2027
Global Silicon Photonics Market
Silicon photonics is defined as a bourgeoning technology wherein the data is transferred using light rays between different computer chips. Light has a property of carrying more volumes of data in less time as compared to conventional copper electrical conductors. They are able to transmit more data while consuming less power & without any degradation in the signal, because of which there is a huge opportunity in near future.
Market Drivers
The rise in demand for CMOS-integrated silicon photonics technology in data centers is a key driving factor which expected to boost the global silicon photonics market growth over the forecast period. Furthermore, the rise in focus on reducing power consumption using silicon transceivers will positively influence the market growth. Also, the growing requirement for high bandwidth and high data transfer capabilities will significantly drive the global silicon photonics market growth during this forecast period. The growing government and stakeholder funding will support the market growth. Moreover, the increase in demand for active optical cables, optical attenuators, and optical multiplexers offer numerous growth opportunities as they provide considerable options to attain low-cost economies.
Market Restraint
Inefficient electroluminescence of bulk crystalline silicon is a major restraint which expected to hamper the global silicon photonics market growth. Also, Complexity in the integration of on-chip laser may limit the global silicon photonics market growth.
Market Segmentation
The Global Silicon Photonics Market is segmented into component such as Optical Waveguides, Optical Modulators, Laser, Photodetectors, and Wavelength Division Multiplexing Filters, by product such as Active Optical Cables, Transceivers, Optical Attenuators, Optical Multiplexers, and Others. Further, market is segmented into application such as IT & Telecommunication, Healthcare & Life Sciences, Consumer Electronics, Commercial, defense, and others.
Also, the Global Silicon Photonics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as IBM Corporation, Broadcom Limited, Stmicroelectronics, Juniper Networks, Inc, Infinera Corporation, Cisco Systems, Inc, Intel Corporation, Acacia Communications, Inc., etc.
Market Taxonomy
By Component
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