Estimated Growth Potential Of The Silicon Photonics Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s report, the global silicon photonics market will rise from $1.51 billion in 2022 to $1.91 billion in 2023, with a 26.0% CAGR. By 2027, it is projected to reach $4.68 billion at a 25.1% CAGR.
Asia-Pacific held the largest silicon photonics market share and was the fastest-growing region in 2022.
Silicon Photonics Market Driver
Rising demand for high-speed broadband drives silicon photonics market growth. This tech, using sub-micrometer SOI platform, enhances data transmission. OECD countries like Austria, Belgium, Chile, Ireland, Israel, and the UK boosted fiber connections by over 50% in 2020. During the 2020 COVID-19 pandemic, 38 OECD nations saw 21.15 million new broadband connections. Thus, high-speed broadband demand fuels silicon photonics market expansion.
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Key Silicon Photonics Market Segments
The global silicon photonics market is segmented –
1) By Product: Transceivers, Variable Optical Attenuators, Switches, Cables, Sensors
2) By Component: Laser, Modulator, Photodetector, Filter, Wave Guide
3) By Application: Data Centers And High-Performance Computing, Telecommunication, Military, Defense And Aerospace, Medical And Life Science, Other Applications
Silicon Photonics Market Prominent Players
Major players in the silicon photonics market are Acacia Communications, Broadcom Ltd., Cisco Systems, MACOM Technology, Finisar Corporation, Globalfoundries Inc., IBM Corporation, Ii-Vi Incorporated, Inphi, Intel Corporation, Juniper Networks, Mellanox Technologies, NeoPhotonics, Ranovus, Rockley Photonics Ltd., Sicoya, Luxtera, and Reflex Photonics Inc.
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Prominent Silicon Photonics Market Trend
The silicon photonics market sees tech advances with new products featuring high power and optical filtering tolerance. NeoPhotonics Corp, a US firm, introduced a 0dBm CFP2-DCO module in September 2021 for metro, regional, and long-haul networks with 400 Gbps speed over 1,500 km. The system boasts an ultra-pure Nano tunable laser, Class 40 coherent receiver, and a coherent driver modulator for up to 67 Gbaud data transmission, enhancing rOSNR and extending distance.
The Silicon Photonics Global Market Report 2023 provides comprehensive insights on the silicon photonics market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the silicon photonics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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