Silicon Photonics Market Size Worth $9.14 Billion by 2030 | CAGR: 27.4%
The global silicon photonics market size is expected to reach USD 9.14 billion by 2030 according to a new study by Polaris Market Research.
The growing demand for silicon photonics across various industries like metrology, military & defense, healthcare, etc. is a major factor that stimulates industry growth. In addition, the increasing adoption of silicon in photonics goods in data centers, as well as rising internet traffic is further propelling the industry demand across the globe. Furthermore, the incorporation of the 5G technology along with the adoption of IoT, smartphones, and AI-powered devices is likely to fuel the industry’s growth.
Based on end-user, the data center & high-performance computing segment is dominating the global industry with the highest revenue share and is likely to lead over the forthcoming scenario. Growing data center traffic and increasing volume of the global network are augmenting the market growth. Additionally, the surging requirements for the high bandwidth capacity and high-energy competence for enhancing data transmission are further bolstering industry demand in the impending years.
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The growing adoption of silicon technology in short-reach communication is the major impelling factor for the industry growth across the globe. Such technology helps in enhancing the performance of short-reach communications systems. Through this technology, end-users can share data up to 10 km with a speed of 400Gbps. Thereby, leading companies such as Molex, Intel, Luxtera, and many others are constantly working for boosting the transmission speed and transmission distance. Hence, the rising trend of short-reach data communication inside data centers is stimulating the demand for silicon photonics technology, which, in turn, spurs industry growth.
Market participants such as SICOYA, STMicroelectronics NV, AIO Core Co. Ltd., Mellanox Technologies Ltd., IBM Corporation, Finisar Corporation, Intel Corporation, Cisco Systems Inc., and Infinera Corporation are some of the key players operating in the global market.
The tactical actions such as mergers & acquisitions, product launches, and others by the prominent market players are supporting the global market development. For instance, in September 2021, the launch of the CFP2-DCO module transceiver was announced by NeoPhotonics. The product offers a transmission speed of 400 Gbps over the 1500 km range.
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Polaris Market Research has segmented the silicon photonics market report on the basis of product, component, waveguide, application, and region:
Silicon Photonics, Product Outlook (Revenue – USD Million, 2018 – 2030)
- Variable Optical Attenuators
Silicon Photonics, Component Outlook (Revenue – USD Million, 2018 – 2030)
- Photo Detectors
Silicon Photonics, Waveguide Outlook (Revenue – USD Million, 2018 – 2030)
- 400-1,500 NM
- 1,310-1,550 NM
- 900-7000 NM
Silicon Photonics, Application Outlook (Revenue – USD Million, 2018 – 2030)
- Data Centers and High-performance computing
- Military, Defense and Aerospace
- Medical and Life Science
- Other Applications
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
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