Press Release

Silicon Photonics Market is Expected to be Dominated by North America Region Until 2028

Increasing demand for 5G communication is expected to drive the global silicon photonics market during the forecast period of 2024-2028.

According to TechSci Research report, “Silicon Photonics Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018–2028”, the global silicon photonics market is anticipated to register a robust growth during the forecast period. It is projected that the growing acceptance of industrialized production techniques and cutting-edge technological advancements would accelerate market expansion on a worldwide scale. The demand is expected to be driven by the broad spectrum of silicon photonics applications, which include the medical & life sciences, communications, and data centre industries. Several variables, including virtualization, rapidly increasing internet traffic, cloud computing, and pressed bandwidth, are propelling the silicon photonics market's expansion.

Additionally, the current adoption of this technology in the electronic manufacturing sector is being influenced by the usage of silicon for the creation of ICs (integrated circuits) and its compatibility with existing fabrication procedures. Moreover, it is projected that over the next years, demand for the market would be driven by the adoption of 5G technology for the supply of increased bandwidth & high-speed data transfer, as well as the rising uptake of IoT, smartphones, and AI-powered devices.

Furthermore, one of the major factors propelling the silicon photonics market is the exponentially expanding internet traffic. Data centres and telecoms firms are looking for more efficient and economical ways to handle the increasing volume of internet traffic due to the rising demand for high-speed data transport. This problem has a possible answer in silicon photonics technology, which delivers quicker, more dependable, and more economical data transport than conventional copper-based systems. Additionally, the combination of silicon, a tried-and-true material, and photonics makes it possible to create tiny and affordable devices, which further stimulates market expansion. As a result, the growing need for high-speed data is anticipated to cause a sharp increase in demand for silicon photonics technology in the upcoming years.

Browse over XX Market Data Figures spread through XX Pages and an in-depth TOC on "Global Silicon Photonics Market.

The global silicon photonics market is segmented into component, application, waveguide, product, material, and region. Based on component, the market is segmented into lasers, modulators, PICs, photodetectors, and ultra-low-loss waveguides. Based on application, the market is segmented into data centers, telecommunication, consumer electronics, healthcare, automotive, and others. Based on waveguide, the market is segmented into 400-1,500 NM, 1,310-1,550 NM, and 900-7000 NM. Based on product, the market is segmented into transceivers, variable optical attenuators, switches, cables, and sensors. Based on material, the market is segmented into silicon or silicon-based alloys, indium phosphide, and others. Based on region, the market is segmented into North America, Asia-Pacific, Europe, South America, and Middle East & Africa.

Based on region, North America is the most significant shareholder in the global silicon photonics market and is expected to grow during the forecast period. The widespread use of silicon photonic devices in the data communication and telecommunications sectors has contributed to North America's supremacy. Due to its dedication to R&D, established closed-knit supply chain, and rapid expansion of its growing end-use sectors, China also dominates a sizeable portion of the silicon photonics market in terms of revenue creation. The Government of India's assistance in the form of tax breaks, significant investment in R&D, increased healthcare expenditure, combined with backing from private organizations for the adoption of silicon photonics-based technologies across all sectors, are all credited with contributing to India's rapid growth.

Based on product, transceivers dominate in the global silicon photonics market because high-speed optical communication systems require transceivers, which are devices that send and receive optical signals. The creation of small, powerful, and reasonably priced transceivers is made possible by the usage of silicon photonics technology, which is in great demand in the fast-expanding data transmission sector. Because of the rising need for high-speed data transfer in data centres and telecommunications networks, the transceivers segment is expected to keep expanding in the next years.

Major market players operating in the global silicon photonics market are:

  • Intel Corporation
  • Luxtera Inc. (Subsidiary of Cisco Systems, Inc.)
  • Acacia Communications, Inc.
  • Infinera Corporation
  • IBM Corporation
  • Finisar Corporation
  • STMicroelectronics N.V.
  • Fujitsu Ltd.
  • OneChip Photonics Inc.
  • NeoPhotonics Corporation


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“A growing area of photonics called silicon photonics has several advantages over the electric conductors found in the semiconductors utilized in high-speed transmission systems. The major market competitors are likely to make the breakthrough employing these cutting-edge technologies, pushing transmission speeds up to 100 Gbps. In addition, technology has continuously advanced the semiconductor sector, enabling high-speed data processing and transfer, which are the primary market factors boosting market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Silicon Photonics Market- Global Industry Size, Share, Trends, Opportunities, and Forecast, 2018-2028, Segmented By Component (Lasers, Modulators, PICs, Photodetectors, and Ultra-low-loss Waveguides), By Application (Data Center, Telecommunication, Consumer Electronics, Healthcare, Automotive, and Others), By Waveguide (400-1,500 NM, 1,310-1,550 NM, and 900-7000 NM), By Product (Transceivers, Variable Optical Attenuators, Switches, Cables, and Sensors), By Material (Silicon or Silicon Based Alloys, Indium Phosphide, and Others), By Region and Competition”, has evaluated the future growth potential of global silicon photonics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global silicon photonics market.


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