Silicon Photonics Market: Silicon photonics technology can achieve speeds up to 100 Gbps. The use of this technology will help increase power efficiency and improve data transfer rates.

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

Market Synopsis:

Global Silicon Photonics market is valued at USD 1.08 Billion in 2021 and is projected to attain a value of USD 3.59 Billion by 2028 at a CAGR of 25.8% 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.

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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.

Market Segmentation:

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

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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).

About the Authors:

Vantage Market Research is a firm dedicated to delivering high-quality data and market research. The firm offers quantitative, high-quality B2B research on over 20,000 emerging markets. The firm provides in-depth reports on a variety of industries, including chemical materials and energy, food and drinks, healthcare, technology, and so on. Every year, the organisation adds more than 1,100 market research papers to its huge database, which employs over 125 analysts and consultants. The company’s customer includes 70% of the Fortune 500 corporations in the world.

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