Silicon Photonics Market

Report Scope & Overview:

Silicon Photonics Market Size was valued at USD 1.87 billion in 2022 and is expected to reach USD 11.09 billion by 2030, growing at a CAGR of 24.9% over the forecast period 2023-2030.

Silicon photonics is an evolving branch of photonics that offers clear advantages over the electric conductors used in semiconductors used in high-speed transmission systems. This technology is expected to push the transfer speed up to 100 Gbps, with leading market players achieving success using such advanced technology. Apart from this, technology is constantly changing the semiconductor industry, which makes data transfer faster and processing.

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Optical communication has grown significantly in global systems over the past few decades. New and more sophisticated technologies have been created to meet the demand for big data transfers worldwide, as such systems continue to push channel power limits. Silicon photonics is one of these technologies.

MARKET DYNAMICS:

KEY DRIVERS:

• Increasing requirement for high bandwidth and data transfer.

• Growing emphasis on lowering power consumption with silicon photonic transceivers.

• Demand for high-speed broadband services is increasing.

RESTRAINTS:

• Complexity in On-chip laser integration.

• menace of thermal effect.

OPPORTUNITIES:

• increasing deployment of 5G networks.

• Increasing funding from the government and stakeholders.

• Silicon photonics' emerging applications

CHALLENGES:

• Bulk crystalline silicon electroluminescence is inefficient.

• The incorporation of silicon photonic components into small circuits.

IMPACT OF COVID-19:

COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.

With the outbreak of the COVID-19 epidemic, there has been a dramatic increase in internet usage, largely due to the high adoption of home-based practice and the growing tendency to watch television and e-learning, among many others. However, the increasing use of digital services has also increased staff retrenchment or reduced costs by companies. Later, sales of network components, such as silicon photonic devices, dropped dramatically. A data center and an efficient computer are expected to be one of the fastest-growing applications for silicon photonic solutions. The 5G network is in the early stages of distribution, and COVID-19 has disrupted its progress and delayed the deployment of the 5G network, which will hamper the growth of the silicon photonics market.

Based on Product, the Silicon Photonics market is segmented into Transceivers, Switches, Optical Multiplexers, Variable Optical Attenuators, Optical Engines, Active Optical Cables, and Sensors.

Transceivers are used in a variety of applications, such as high-performance computers, data centers, and telecommunications. With the technological advancement in silicon photonics, it is possible to transfer data at speeds of up to 400 Gbps. Intel's 100G PSM4 QSFP28 optical transceiver is capable of transmitting data at 100 Gbps speeds.

Based on component, the Silicon Photonics market is segmented into Photo Detectors, Lasers, and Modulators.

Hybrid silicon lasers (silicon and semiconductor group III-V) are used to overcome mass production problems on silicon lasers and are one of the main reasons for the growing demand for lasers in the silicon photonics market. The hybrid method uses light-emitting properties of III-V semiconductor materials combined with a silicon maturation process to form electrically operated lasers in silicon wafers that can be integrated into other silicon photonic devices.

MARKET SEGMENTS:

BY PRODUCT

• Transceivers

• Switches

• Optical Multiplexers

• Variable Optical Attenuators

• Optical Engines

• Active Optical Cable

• Sensors

BY COMPONENT

• Photo Detectors

• Lasers

• Modulators

BY WAVEGUIDE

• 400-1,500 NM

• 1,310-1,550 NM

• 900-7000 NM

BY APPLICATION

• Military, Defense, and Aerospace

• IT and Telecommunication

• Medical and Life Science

• Data Centers and High-performance Computing

• Other Applications

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REGIONAL ANALYSIS:

The silicon photonics market in APAC is expected to grow rapidly, owing to the increasing use of silicon photonics in telecommunications, as well as a highly efficient data center and computer applications, among other things. APAC's silicon photonics market is also driven by the high number of internet users in China and India, as well as the increasing use of high-speed broadband networks and mobile devices, requiring advanced infrastructure that supports communication and high-speed communication. Therefore, APAC seems to offer a huge market for silicon photonics.

REGIONAL COVERAGE:

• North America

  • USA

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

• Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

• The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of the Middle East & Africa

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

COMPETITIVE LANDSCAPE:

The key players in the Silicon Photonics market are Cisco Systems, Infinera, Finisar, GlobalFoundries, InPhi, IBM, Rockley Photonics, Intel, IPG Photonics, MACOM Technology, NeoPhotonics, II-VI, STMicroelectronics & Other Players