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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