IMARC Group, a leading market research company, has recently releases report titled "Silicon Photonics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" the global silicon photonics market size reached US$ 1.34 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.80 Billion by 2028, exhibiting a growth rate (CAGR) of 27.2% during 2023-2028.
What are Silicon Photonics?
Silicon photonics (SiPh) refers to an optical medium in the design and manufacturing of photonic devices. It is an advanced technology that facilitates significant improvements in density, performance, and economics to make next-generation optical communications networks a reality. SiPh usually involves the usage of optical rays to transmit data within computer chips. It is widely used in high-performance computing, sensors, biomedical, optical datacom, astronomy, data centers, virtual reality, and AI-based applications. Silicon photonics transfers more information while consuming less power without any signal degradation. In addition to this, it also enables high bandwidth and offers optical data storage. Consequently, silicon photonics finds extensive applications across various sectors, such as healthcare, telecommunications, automotive, consumer electronics, defense, etc.
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What are the growth prospects and trends in the industry?
The escalating demand for SiPh in high-bandwidth optical transceivers to support data centers and high-performance computing (HPC) applications is among the primary factors driving the silicon photonics market. Besides this, the increasing need for advanced safety technologies, including optimal vision, in automobiles is further augmenting the market growth. Moreover, key market players are focusing on the development of advanced transceivers integrated with light detection and ranging (LIDAR), which is also catalyzing the global market. Apart from this, the widespread adoption of automated manufacturing practices and the growing number of data centers are acting as significant growth-inducing factors. Furthermore, the inflating popularity of SiPh, as it is highly efficient and allows increased signal transmission via optical fiber than electrical indications sent through copper, the rising usage of cloud computing, and the introduction of 5G technology are anticipated to propel the silicon photonics market over the forecasted period.
Who are the key players operating in the industry?
The report covers the major market players including:
AIO Core Co. Ltd., Broadcom Limited, Cisco Systems Inc., Global Foundries, Hamamatsu Photonics K.K, Intel Corporation, Sicoya Gmbh, etc
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Insights:
- Transceivers
- Active Optical Cables
- Optical Multiplexers
- Optical Attenuators
- Others
Component Insights:
- Optical Waveguides
- Optical Modulators
- Photodetectors
- Wavelength-Division Multiplexing (WDM) Filters
- Laser
Application Insights:
- IT and Telecommunications
- Consumer Electronics
- Healthcare and Life Sciences
- Commercial
- Defense and Security
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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