USD 1.19 billion
Report ID: SQSG45I2024 | Region: Global | Published Date: December, 2022 | Pages: 157 | Tables: 181 | Figures: 79
Silicon Photonics Market size was valued at USD 1.19 billion in 2021 and is poised to grow from USD 1.9 billion in 2022 to USD 2.5 billion by 2030, growing at a CAGR of 2.6% in the forecast period (2023-2030).
The global silicon photonics market size is projected to grow at a significant CAGR during 2023 and 2030. Rising popularity of semiconductor devices and microchips in communication devices is projected to propel the market growth in the forecast period.
Silicon photonics is increasingly employed to transmit data between microchips using optical rays. Furthermore, when compared to electrical conductors, they are capable of delivering a significant amount of data in less time. According to the third edition of the European Union's Photonics report, the worldwide photonics industry is estimated to surpass US$ 990 billion in 2030, up from roughly US$ 600 billion in 2022.
Furthermore, cloud computing performance requirements for data centers, quickly increasing internet traffic, and shrinking Machinery & E bandwidth are all projected to fuel the silicon photonics market's growth. Moreover, the growing applications of silicon photonics, such as biomedical, autonomous vehicles, data transfer, telecoms, and artificial intelligence, will add to the market's expansion from 2023 to 2030.
US Silicon Photonics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.19 billion
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Global Silicon Photonics Market is segmented based on component, end use, product, application, waveguide, component, and region. Based on type, market is further sub-segmented into lasers, modulators, and photo detectors. Based on end user the market is further sub segmented into healthcare, consumer electronics, defense, telecom, and data communication.
Based on product, market is segregated into transceivers, active optical cables, optical multiplexers, variable optical attenuators, and optical engines. Based on application, the market is segmented into data centers & high-performance computing, telecommunications, military, defense, & aerospace, medical & life science, and other applications. based on waveguide, the silicon photonics market is segmented into 400-1,500 nm, 1,310-1,550 nm, and 900-7000 nm.
Based on component, the silicon photonics market is segmented into lasers, modulators, and photo detectors. Based on region the silicon photonics market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Silicon Photonics Market Analysis by Component
The lasers segment had the largest market share, and this dominance is expected to continue during the projected period. The increased demand for hybrid silicon lasers which are used to address mass production issues in silicon lasers is related to the rise of segment.
In the forecast period, the modulators segment is likely to increase at a quicker rate. Modulators alter or vary the characteristics of light beams, such as their optical power or phase. A phase, polarization, or amplitude modulator is a type of optical modulator that is used to change various beam properties.
Silicon Photonics Market Analysis by Product
In the Silicon Photonics Market, the transceiver segment has the largest share. These are small devices that are utilized in optical communication systems to achieve high-speed performance. Transceivers are predicted to be employed in a variety of applications, and as a result, they are expected to increase at the fastest rate. They're used in data centers, high-performance computing, and telecommunications here. The leading silicon photonics businesses want to be able to transmit data at 100 gigabits per second.
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Asia Pacific accounted for the majority of revenue in the global silicon photonics market. The rising demand for high-speed internet networks and a larger prevalence of mobile devices across the region are two significant drivers driving regional growth. The expansion of the silicon photonics market in the region is being aided by recent technological advancements. Furthermore, market growth is likely to be boosted by positive government actions and the predominance of low-cost workforce/labor.
Furthermore, due to the increasing use of high-speed broadband networks, North America is likely to favor the silicon photonics market with a progressive CAGR during the forecasted years. Furthermore, the presence in the United States of prominent market companies such as Intel, IBM, and Cisco, among others, is expected to generate significant market growth potential.
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Silicon Photonics Market Driver
The use of silicon photonics transceivers to reduce power consumption is becoming increasingly popular.
Silicon Photonics Market Restraint
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The biggest silicon photonics businesses are concentrating their efforts on technology development and research to minimize power consumption even more. The top players in the market are also involved in information sharing as well as mergers and acquisitions.
Silicon Photonics Market Top Player's Company Profiles
Silicon Photonics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global silicon photonics market report analysis, modulators currently dominate the Global Silicon Photonics Market. Asia Pacific is expected to dominate the global silicon photonics market, over the forecast period. Along with this, the increase in demand for silicon photonics transceivers and increased efficiency have emerged as major trends in this market.
|Market size value in 2021||USD 1.19 billion|
|Market size value in 2030||USD 1.9 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Global Silicon Photonics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Silicon Photonics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Silicon Photonics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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