Stratview Research has published a new report titled “Silicon Photonics Market” which is segmented by Product Type (Switch, Transceiver, Cable, Sensor, and Variable Optical Attenuator), by Application Type (Data Center and High-Performance Computing; Telecommunications; Military, Defense, and Aerospace; Medical and Life Sciences; and Sensing), by Component Type (Active [Laser, Modulator, and Photodetector] and Passive [Filter and Waveguides]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is expected to witness a healthy growth rate of 25.78% during the forecast period of 2022-2028 and reach USD 5.98 Billion in 2028 from USD 1.18 Billion in 2021.
Silicon Photonics is the application of photonic systems employing silicon as an optical medium. The silicon materials used in such photonic systems are deployed into micro photonic components as they are designed with sub-micrometer precision. The silicon photonics system functions at the wavelength of 1.55 micrometers come under the infrared spectrum and are most frequently used for optical communications.
Silicon Photonics is of different types, such as switches, transceivers, cables, sensors, and variable optical attenuators, that are used in various end-use industries, such as data centers, telecommunications, military defense, and others.
Report Highlights
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By Product Type
The Transceiver segment held the largest share of the market and is expected to remain dominant during the forecast period.
The market is segmented as a switch, transceiver, cable, sensor, and variable optical attenuator. The wide use of transceivers in data centers and high-performance computing; telecommunications; and military, defense, and aerospace are driving the growth of this segment.
By Application Type
The Data Center and High-Performance Computing segment is expected to remain dominant during the forecast period.
The silicon photonics market is segmented as data center and high-performance computing; telecommunications; military, defense, and aerospace; medical and life sciences; and sensing. With the surge in demand for cloud computing, there is an exponential increase in data traffic; various enterprises are shifting towards Software as a Service (SaaS) applications, which has led to an increase in demand for data centers, globally.
Which Region is expected to remain the largest market?
Asia-Pacific is estimated to be the largest as well as the fastest-growing market for silicon photonics during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities.
The growth of the market is driven by the growth of various end-use industries, such as data centers, telecommunications, military defense, and others, which is generating huge demand for silicon photonics and the presence of a large number of players in the silicon photonics market in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Silicon Photonics Market:
- Acacia
- Broadcoam
- Cisco
- Finisar
- GlobalFoundries
- Hamamatsu Photonics
- Intel
- IBM
- Mellanox Technologies
- STMicroelectronics.
Key questions answered by the report.
- What is the projected CAGR for revenue from the Silicon Photonics Market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the Silicon Photonics Market?
- Which are the major market players?
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