As per Business Intelligence Insights (BII) study, the global Global Silicon Photonics Market attained revenue growth of USD 962.90 million in 2021 and it is projected to reach around USD 3927.02 million by 2028, growing at a 26.40% CAGR.

Silicon Photonics is a new field of study that employs photonic devices to process, change, synthesise, and transport data between microchips at a much faster rate. Silicon serves as the data transfer medium in this system. Manufacturers are embracing this technology to boost data centre computing and processing capabilities because to the continual requirement for quicker data transfer speeds. The development of 5G technology and rising bandwidth demand will provide an opportunity for enterprises in the photonics industry to expand their research efforts. This innovative technology will aid in the routing of a huge volume of data traffic at a reduced cost and more efficient transformation of the radio access network in 5G transmission.

Short-reach communication can connect optical interconnects, allowing the silicon photonics business to expand in the communication sector. The technology can help a short-range communication system work better. As a result, data can be transmitted more quickly. Silicon photonics market leaders have been working hard to increase transmission rates and extend transmission lengths. With the increased demand for new safety technologies such as optimum vision in automobiles, silicon photonics technology is also making its way into the automotive sector. Market leaders are constantly concentrating on integrating new technologies into LiDAR chips to expand their automotive business potential.

Global Silicon Photonics Market: Companies Mentioned

•  Cisco Systems (US)
•  Intel (US)
•  MACOM Technology (US)
•  GlobalFoundries (US)
•  NeoPhotonics (US)
•  InPhi(US)
•  II-VI (US)
•  IBM (US)
•  STMicroelectronics (Switzerland)
•  Rockley Photonics (US)

Key Highlights of the Report

•  Because of the rising need for energy and weight control among working professionals and sports players, Transceivers led the Silicon Photonics market in 2021. The market share is greater than 40%. High-performance computing, data centres, and communications all employ transceivers. Thanks to remarkable technological breakthroughs in silicon photonics, it is now possible to transport data at speeds of up to 400 Gbps. In an optical communication system, the device has a tiny footprint and provides high-speed performance. Its low power consumption has also helped it gain traction in fields including as telecommunications, high-performance computing, and data centres. Intel's 100G PSM4 QSFP28 optical transceiver can transport data at a 100 Gbps rate. Sales of silicon photonic devices have decreased, notably in 2020, due to the rapid development of the COVID-19 pandemic. However, sales of silicon photonic goods are expected to grow fast in the next years, especially to satisfy demand in 2020.

•  Lasers, modulators, and photo detectors are examples of Silicon Photonics components. Laser is the most common component mode in silicon photonics around the world. The laser has a market share of more than 30 percent. The use of hybrid silicon lasers (silicon and group III-V semiconductor) to solve mass-production challenges in silicon lasers is one of the key reasons for the rising demand for lasers in the silicon photonics sector. The hybrid approach takes advantage of the light-emitting capabilities of III-V semiconductor materials combined with the process maturity of silicon to build electrically driven lasers on a silicon wafer that can be incorporated into other silicon photonic devices. Silicon photonics firms are working on a similar project. Intel, for example, is working on indium phosphide and other compound semiconductor materials-based hybrid silicon lasers.

•  Due to rising use of silicon photonics in telecommunications, data centres, and high-performance computing, among other applications, the silicon photonics market in APAC is expected to grow at the quickest rate. The silicon photonics market in APAC is being driven by the increasing number of internet users in China and India, as well as the increased use of high-speed broadband networks and mobile devices, all of which require established infrastructure to enable telephony and high-speed communication. As a result, the silicon photonics industry in APAC appears to have a lot of potential.

•  The report contains qualitative and quantitative research on the global dietary supplement Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards. 

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Revenue-generating Segment Highlights

By Product

•  Transceivers
•  Variable Optical Attenuators
•  Switches
•  Cables
•  Sensors

By Component

•  Lasers
•  Modulators
•  Photo Detectors

By Waveguide

•  400-1,500 NM
•  1,310-1,550 NM
•  900-7000 NM

By Application

•  Data Centers and High-performance computing
•  Telecommunication
•  Military, Defense and Aerospace
•  Medical and Life Science
•  Other Applications

By Region
•  North America
o  U.S.
o  Canada
•  Europe
o  Germany
o  U.K.
o  France
o  Italy
o  Spain
o  Rest of Europe
•  Asia Pacific
o  China
o  India
o  Japan
o  Rest of Asia Pacific
•  Latin America
o  Brazil
o  Mexico
o  Rest of Latin America
•  Middle East and Africa
o  UAE
o  South Africa
o  Rest of Middle East and Africa (MEA)

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Global Silicon Photonics Market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?

The Global Silicon Photonics Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Global Silicon Photonics Market Forecast Report 2022- 2028 - Order Now!

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