The silicon photonics market is expected to grow from USD 1.1 billion in 2021 to USD 4.6 billion by 2027; it is expected to grow at a CAGR of 26.8 % during the forecast period. Data centers and high-performance computing and telecommunication are the key applications that dominate the silicon photonics market and also contribute significantly to its growth.
Major players in the silicon photonics market have primarily adopted agreement and acquisition strategies to strengthen their position in the market.
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CiscoSystems (US) and Intel (US) are among the major players in the silicon photonics market.
Cisco Systems is a global provider of networking products and solutions founded in 1984 and headquartered in California, US. The company is publicly listed on the NASDAQ Stock Exchange as Cisco Systems. Its core business is designing, manufacturing, and selling Internet Protocol (IP)-based network products and services related to communication technologies and IT industries. Cisco Systems operates through Infrastructure Platforms, Service, Applications, Security, and Other business segments. Its silicon photonics products are sold under the Infrastructure Platforms business segment. Cisco Systems has earned a leadership position in the silicon photonics market with the acquisition of Acacia, a company engaged in the designing and development of high-speed, optical interconnect technologies that allow web-scale companies, service providers, and data center operators to meet the fast-growing consumer demands for data, and Luxtera, a leader in silicon photonics and optical transceivers.
Intel was incorporated in 1968. The company is in the business of designing and developing technologies powering the cloud and the rapidly growing smart and connected world. The company has 9 manufacturing sites, of which 6 are wafer fabrication plants, and 3 are assembly/test facilities are located across the US, Ireland, Israel, China, Malaysia, and Vietnam. The company sells its silicon photonic products through its Data Center Group business segment. It primarily serves original equipment manufacturers, original design manufacturers, industrial and communication equipment manufacturers, and cloud service providers.
Silicon Photonics Market with COVID-19 Impact Analysis by Product (Transceivers, Switches), Application (Data Center & High-performance Computing, Telecommunication), Waveguide, Component, and Geography - Global Forecast to 2027
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