Silicon Photonics Market size was valued at USD 1.2 Billion in 2021, growing at a CAGR of 26.9% during the forecast period (2022-2030), and the market is anticipated to reach USD 10.2 Billion by 2030.
Silicon photonics is an innovative study and application of photonic systems. This deals with processing, generating, manipulating, and using light for ultra-fast data transfer between and within microchips while consuming less power. Thus, with the continuous revolution, this technology provides advantages over the electric conductors used in semiconductors.
With the mounting demand for new safety technologies such as optimal vision in vehicles, this technology is also paving its way toward the automotive sector. Furthermore, silicon photonics is used to produce optical devices at a low price and has a huge opportunity in the future.
Silicon Photonics Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Transceivers, Variable Optical Attenuators, Switches, Cables, Sensors), By Component, Lasers, Modulators, Photo Detectors), By Waveguide (400-1,500 NM, 1,310-1,550 NM, 900-7000 NM), By Application (Data Centers and High-performance computing, Telecommunication, Military, Defense and Aerospace, Medical and Life Science, Other Applications) and companies (NKT Photonics (Denmark),SICOYA (Germany),AIO Core Co. Ltd (Japan),DAS Photonics (Spain) , Infinera Corporation (US),Cisco Systems Inc. (US),Intel Corporation (US),IBM Corporation(US),Mellanox Technologies Ltd,Hamamatsu Photonics K.K,STMicroelectronics NV,Finisar Corporation (US),FLIR Systems (US),IPG Photonics Corporation), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 26%, over the forecast period of 2022–2030
Conventional copper has an insufficient spectral range which is easily replaced by silicon photonic transceivers due to the growing demand for high-speed data transfer among devices. Furthermore, the high integration of silicon photonics for short-reach communication systems by major market players aid in increasing the optical interconnects within organizations. the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||8.4 Billion|
|By Product||Transceivers, Variable Optical Attenuators, Switches, Cables, Sensors.|
|By Application||Data Centers and High-performance computing, Telecommunication, Military, Defense and Aerospace, Medical and Life Science, Other Applications.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||NKT Photonics (Denmark),SICOYA (Germany),AIO Core Co. Ltd (Japan),DAS Photonics (Spain) , Infinera Corporation (US),Cisco Systems Inc. (US),Intel Corporation (US),IBM Corporation(US),Mellanox Technologies Ltd,Hamamatsu Photonics K.K,STMicroelectronics NV,Finisar Corporation (US),FLIR Systems (US),IPG Photonics Corporation.|
The COVID-19 pandemic has had a substantial negative influence on the Silicon Photonics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
NKT Photonics (Denmark),SICOYA (Germany),AIO Core Co. Ltd (Japan),DAS Photonics (Spain) , Infinera Corporation (US),Cisco Systems Inc. (US),Intel Corporation (US),IBM Corporation(US),Mellanox Technologies Ltd,Hamamatsu Photonics K.K,STMicroelectronics NV,Finisar Corporation (US),FLIR Systems (US),IPG Photonics Corporation.
Market Segment Analysis:
- Variable Optical Attenuators
- Photo Detectors
- By Waveguide
- 400-1,500 NM
- 1,310-1,550 NM
- 900-7000 NM
- Data Centers and High-performance computing
- Military, Defense and Aerospace
- Medical and Life Science
- Other Applications
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Silicon Photonics industries in the region.
Key Silicon Photonics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Silicon Photonics Market segments.
– Largest Market Share Held by Industry to Industry for Silicon Photonics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Silicon Photonics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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