Silicon Photonics Market Size, Industry Share, Demand, Overview 2023-2028

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.

Report Highlights

How big is the Silicon Photonics Market?

Report AttributesDetails
Market Size in 2022US$ 1.34 Billion
Market Forecast in 2028US$ 5.80 Billion
Growth rate (2023 to 2028)CAGR of 27.2%
Base Year of the Analysis2022
Forecast Period2023-2028

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.

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

The report has provided a detailed breakup and analysis of the silicon photonics market based on the product. This includes transceivers, active optical cables, optical multiplexers, optical attenuators, and others. According to the report, transceivers represented the largest segment.

Component Insights:

  • Optical Waveguides
  • Optical Modulators
  • Photodetectors
  • Wavelength-Division Multiplexing (WDM) Filters
  • Laser

The report has provided a detailed breakup and analysis of the silicon photonics market based on the component. This includes optical waveguides, optical modulators, photodetectors, wavelength-division multiplexing (WDM) filters, and laser. According to the report, laser represented the largest segment.

Application Insights:

  • IT and Telecommunications
  • Consumer Electronics
  • Healthcare and Life Sciences
  • Commercial
  • Defense and Security
  • Others

The report has provided a detailed breakup and analysis of the silicon photonics market based on the application. This includes IT and telecommunications, consumer electronics, healthcare and life sciences, commercial, defense and security, and others. According to the report, IT and telecommunications represented the largest segment.

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

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

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.

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Silicon Photonics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product 
    6.1    Transceivers
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Active Optical Cables
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Optical Multiplexers
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Optical Attenuators
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Component
    7.1    Optical Waveguides
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Optical Modulators
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Photodetectors
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Wavelength-Division Multiplexing (WDM) Filters
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Laser
        7.5.1 Market Trends
        7.5.2 Market Forecast

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