Silicon Photonics Industry

The report "Silicon Photonics Market with Recession Impact Analysis by Product (Transceivers, Switches, Sensors), Application (Data Centers & High-Performance Computing, Telecommunications), Waveguide, Component and Geography - Global Forecast to 2028" The silicon photonics industry size was valued at USD 1.3 billion in 2022 and is projected to reach USD 5.0 billion by 2028, growing at a CAGR of 28.5% from 2023 to 2028. Factors accelerating the growth of the silicon photonics industry are the rising demand for CMOS-integrated silicon photonics technology in data centers, the growing focus on reducing power consumption using silicon photonic transceivers, the increasing requirement for high bandwidth and high data transfer capabilities, and the surging demand for high-speed broadband services.

Browse 121 market data Tables and 61 Figures spread through 198 Pages and in-depth TOC on "Silicon Photonics Industry with Recession Impact Analysis by Product (Transceivers, Switches, Sensors), Application (Data Centers & High-Performance Computing, Telecommunications), Waveguide, Component and Geography - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/silicon-photonics-116.html

Silicon Photonics Industry Segmentation

By segment, silicon photonics industry for datacenter and high-performance computing applications are expected to exhibit the highest CAGR during the forecast period.

The silicon photonics industry for data center and high-performance computing is expected to grow at the highest CAGR during the forecast period. Data centers are experiencing an exponential increase in data traffic due to the rise in cloud computing. Owing to technological advancements in high-performance computing, there would be an increase in the adoption and integration of optics using silicon photonics.

Industries like manufacturing, energy and utility, chemical, government and defense, and education need high-performance computing to easily oversee large volumes of data and simultaneously support high-performance data analysis. Additionally, high-performance computing can also provide high accuracy and fast data processing. These benefits drive the adoption of high-performance computing, which, in turn, causes the demand for silicon photonics for this application.

By segment, silicon photonics industry for Laser’s segment is expected to witness highest CAGR during forecast period.

The lasers component segment dominated the silicon photonics component industry in 2022 and is expected to retain its position while growing at the highest growth rate during the forecast period. Lasers are an essential component in silicon photonics as they are used to generate and transmit light signals over long distances. The demand for high-speed data transmission and communication is expected to drive the market’s growth, while lasers will play a critical role in enabling this technology. In addition to using lasers in data communication, they are also increasingly used in other applications such as sensing, medical, and industrial applications. Furthermore, lasers are used in optical sensing applications such as lidar, which is used in autonomous vehicles. As a result, the market for lasers is also expected to grow in the coming years, which could positively impact the growth of the lasers component in the silicon photonics industry.

Silicon Photonics Industry Regional Analysis

By region, silicon photonics industry in North America to hold the largest market share throughout the forecast period.

North America holds the largest market share of the silicon photonics industry and is expected to retain its position during the forecast period, particularly in the data center and HPC segments. This can be attributed to the presence of major players in the region, such as Intel Corporation (US), Cisco Systems Inc. (US), International Business Machines Corporation (IBM) (US), and so on. The region is also home to some of the world's largest data centers and HPC facilities, driving the demand for high-speed, low-power interconnects. Additionally, the region has a well-established infrastructure and regulatory framework that supports adopting modern technologies, further fueling the growth of the silicon photonics industry in North America.

Silicon Photonics Industry Key Players

The report profiles key players in the silicon photonics industry and analyzes their market shares. Players profiled in this report are Cisco Systems, Inc. (US), Intel Corporation (US), MACOM Technology Solutions (US), GlobalFoundries Inc. (US), Lumentum Operations LLC (US), Marvell Technology, Inc. (US), Coherent Corporation (US), International Business Machines Corporation (IBM) (US), STMicroelectronics N.V. (US), Rockley Photonics Holdings Limited (US), are some major players.

Don’t miss out on business opportunities in Silicon Photonics Industry. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]