In 2022, the market for silicon photonics is anticipated to be worth roughly US$ 1.3 billion. With the increasing use of silicon photonic goods in various applications, it is anticipated that overall demand would increase at an astounding CAGR of over 26.0% between 2022 and 2032, reaching a valuation of over US$ 6 Billion by that time.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 1.0 Billion |
| Expected Market Value (2022) | US$ 1.3 Billion |
| Anticipated Forecast Value (2032) | US$ ~6 Billion |
| Projected Growth Rate (2022-2032) | 26.0% CAGR |
In silicon photonics technology, silicon is used as a platform for the photonic circuits to create optical communication system which is highly integrated. The modern trend of miniaturization of electronic devices with increasing requirement for speed and efficiency as well as keeping the cost economical, has led to the increase in demand for the global silicon photonics market. This has led to the silicon photonics market becoming an interesting avenue globally as it has the advantage of requiring low power consumption, having higher density of interconnects, higher integration and reliability. The global silicon photonics market is anticipated to grow with two digit compound annual growth rate.
Silicon Photonics Market: Drivers & Restraints
The largest market for global silicon photonics market is data communication, as the protocol is providing services which is surpassing optical and copper technologies. The government providing financial support and the growing demand for the transference of data is driving the growth of global silicon photonics market. Demand for global silicon photonics market is also driven by covering distance or data rates which have not been provided by vertical cavity surface-emitting lasers (VCSELs), providing faster data rates while maintaining low cost. Various constraints for the global silicon photonics market are high cost as the companies have to develop the Computer-aided engineering/Computer-aided design (CAE/CAD) on their own and competition with VCSEL which is available at a low cost.
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Silicon Photonics Market: Segmentation
On the basis of application, global silicon photonics market can be segmented into:
Telecommunications
Datacom
High Performance Computer (HPC) and data centers
Medical
Sensing and instruments
Defense/aerospace industries
Research and development
Others (consumers-connecting PCs with HDTVs and desktop PC devices, commercial video, etc.)
On the basis of products, global silicon photonics market can be segmented into:
Silicon optical modulators
Wavelength division multiplexer filters
Silicon photo-detectors
Silicon photonic waveguides
Others (silicon led, silicon optical interconnects, etc.)
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Silicon Photonics Market: Region-wise Outlook
In terms of region, North America has the highest market for silicon optical modulators and wavelength division multiplexer filters. North America is becoming an attractive destination for the companies to launch the silicon photonics market due to government support and increase in demand for the data transfer but Asia-Pacific has the highest CAGR for global silicon photonics market due to rising population, increase in urbanization and growing demand for data transfer.
Silicon Photonics Market: Key Players
Some of the identified key players in the global silicon photonics market are Infinera, NeoPhotonics, Avago technologies, Luxtera, Mellanox technologies, OneChip Photonics, Cisco, Skorpios technologies, Photline technologies, etc.
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