Global Silicon Photonics Market Size, Trends, By Components (Active, Passive), By Product (Transceivers, Active Optical Cables, Optical Multiplexers, Variable Optical Attenuators, Optical Engines, RF Circuits), By End-User (Healthcare, Consumer Electronics, Defense, Telecom, Data Communication, Others), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa): Growth Opportunity Analysis and Industry Forecast, 2023-2030.
Global Silicon Photonics Market
The Global Silicon Photonics Market was valued at USD 1.4 billion in 2022 and is expected to expand to USD 7.8 billion by 2030, at a CAGR of 21.28% during the forecast period 2023-2030.
Silicon photonics (SiPh) is the study and application of photonic structure which uses silicon as an ocular medium. SiPh operates in the infrared, most commonly at the 1.55-micrometer wavelength used by most fiber optic telecommunication systems.
Silicon photonics is increasingly used in optical datacom, biomedical, sensing, automotive, aerospace, astronomy, AR/VR, and other AI applications. An example of an automotive application is the integrated LiDAR chip for autonomous vehicles.
Market Drivers
The increase in the usage of Silicon photonics for offering a clear advantage over electric conductors used in semiconductors in high-speed transmission systems drives the global silicon photonics market. This technology is anticipated to boost conveyance speeds up to 100 Gbps, with organizations such as Intel, IBM, and Kothura accomplishing breakthroughs using the technology. Also, the semiconductor industry is enabling high-speed data transfer and processing which is boosting the market further.
Furthermore, the growing demand for silicon photonics that has resulted in the exceptional properties of the product, has a direct impact on the growth of the market in the coming years.
Market Restraints
There is a risk of thermal effect which could affect the growth of the global silicon photonics market. Also, the lack of transportation services, declining automotive sales, and the lack of raw materials led to severe challenges to the market.
Market Segmentation
The global silicon photonics market is segmented into components (active, passive), products (transceivers, active optical cables, optical multiplexers, variable optical attenuators, optical engines, RF circuits), and end-user (healthcare, consumer electronics, defense, telecom, data communication, others).
Regional Analysis
The global silicon photonics market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global silicon photonics market in terms of revenue. This growth of this region is attributable to the growing adoption of silicon photonic products due to their superior and advanced features, such as high efficiency, low power consumption, and small size.
The Asia Pacific region is expected to grow at the highest CAGR in the forecast period. A superior growth in data centers, consumer electronics manufacturers, and long haul & transport networks has led to large-scale adoption in the Asia Pacific region.
Key Players
Various key players are discussed in the global silicon photonics market report including; Intel Corporation, IBM Corporation, OneChip Photonics Inc., Cisco Systems, Inc., Mellanox Technologies, Inc., Luxtera, Inc., Oracle Corporation, Hamamatsu Photonics K.K., NeoPhotonics Corporation, Sicoya GMBH, and Others.
Market Taxonomy
By Components
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook