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Silicon Photonics Market

Silicon Photonics Market

Silicon Photonics Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

180

Base Year:

2022

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1168

Segments Covered
  • By Product By Product Transceivers, Switches
  • By Application By Application Data Center & High-performance Computing, Telecommunication Waveguide, Component
  • By Region By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 1.26 Billion
Revenue 2030Revenue 2030: USD 7.86 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 25.70%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Silicon Photonics  Market Share

Silicon Photonics Market: By Product, Application, Waveguide, Component, and region

Market Synopsis:

Global Silicon Photonics market is valued at USD 1.26 Billion in 2022 and is projected to attain a value of USD 7.86 Billion by 2030 at a CAGR of 25.70% during the forecast period, 2022–2028. Silicon Photonics is an enabling technology that provides high performance in data transfer speed and distance, which leads to cost-saving for optical system architectures. The main benefits of Silicon Photonics are: 1) High bandwidth; 2) Low power; 3) Large transmission distance; 4) Cost savings. These benefits make it possible to integrate various functions in information processing like functionalities for optical transceiver modules (OTM), wavelength selective switch (WSS), transparent optical crossconnect (OXC), wavelength monitor (WM), optical Ethernet switch/router, coherent receiver module, etc. Therefore, the demand for Silicon Photonics has been increasing recently because the diverse application areas have increased significantly.

Silicon Photonics Market Size, 2022 To 2030 (USD Billion)

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Growing focus on Reducing Power Consumption to Drive Growth of Silicon Photonics

Power consumption has increased drastically with the size of data centers. To reduce power consumption, telecommunication companies are now looking at parallelization and optical interconnections to minimize the usage of copper cables.

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The use of light for transmission is not new; it was first used in 1960s during the sending of pictures using fiber optic cables. After that, there were various experiments until Silicon Photonics was developed; it uses electronic circuitry on semiconductor material instead of glass fibers carrying optical signals. With this development, electrical circuits replaced optics like what happened after semiconductors replaced vacuum tubes. This is because optical fiber required bending radius less than 10-7m due to its small wavelength (1μm), which is difficult to achieve with metal wires; but with electronic circuits on semiconductors, the wavelength of light is not an issue.

Market Segmentation:

Global Silicon Photonics market is segmented by Product (Transceivers, Switches), Application (Data Center & High-performance Computing, Telecommunication), Waveguide, Component, and Region.

Below tree is interactive. You can click the nodes to get more information.

Optical Networks are Expected to be Key Drivers of Demand for Silicon Photonics

Internet traffic is growing exponentially because of increasing demands from multimedia services, cloud computing, etc. Optical transmission at 40 Gb/s per wavelength can accommodate 200 x 200 Gb/s (400 Tb/s) internet traffic on one fiber. Moreover, optical interconnection can realize transparent data transmission at a super high speed. Optical interconnect technology is expected to be the essential infrastructure for large-scale data centers that process huge volume of information and provide cloud-computing services.

Asia Pacific to Dominate Silicon Photonic Market

Asia-Pacific will continue to lead the global Silicon Photonics market over the forecast period. The Asia-Pacific region is also expected to emerge as an attractive destination for R&D investments due to availability of skilled engineers and research facilities. On the other hand, North America is expected to be the second largest Silicon Photonics market during the forecast period. Furthermore, companies are investing more on standardization of products which is expected to boost the Silicon Photonics market.

The growth of the Asia Pacific market can be attributed to factors such as increasing expansion of optical communication networks and development of high-speed transceivers in the region. Furthermore, gaining need for cost effective data center interconnect applications is promoting growth. In addition, various advancements taking place in the field of optical components has led to development in WDM based laser sources enabling them with low power consumption and low-cost application specific devices that are compatible with other manufacturing platforms to boost the market growth.

Key Players:

Some of the key players in the global Silicon Photonics market are Intel (US), Cisco Systems (US), GlobalFoundries (US), MACOM Technology (US), NeoPhotonics (US), II-VI (US), IBM (US), InPhi (US), Rockley Photonics (US), and STMicroelectronics (Switzerland).

The Silicon Photonics is Segmented as Follows:

Parameter Details
Segments Covered

By Product

  • Transceivers
  • Switches

By Application

  • Data Center & High-performance Computing
  • Telecommunication Waveguide
  • Component

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Intel (US)
  • Cisco Systems (US)
  • GlobalFoundries (US)
  • MACOM Technology (US)
  • NeoPhotonics (US)
  • II-VI (US)
  • IBM (US)
  • InPhi (US)
  • Rockley Photonics (US)
  • and STMicroelectronics (Switzerland).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Silicon Photonics valued at USD 1.26 Billion in 2022 and is expected to reach USD 7.86 Billion in 2030 growing at a CAGR of 25.70%.

  • The prominent players in the market are Intel (US), Cisco Systems (US), GlobalFoundries (US), MACOM Technology (US), NeoPhotonics (US), II-VI (US), IBM (US), InPhi (US), Rockley Photonics (US), and STMicroelectronics (Switzerland)..

  • The market is project to grow at a CAGR of 25.70% between 2023 and 2030.

  • The driving factors of the Silicon Photonics include

    • Optical Networks are Expected to be Key for Market Growth

  • Asia Pacific was the leading regional segment of the Silicon Photonics in 2022.