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    Global Silicon Photonics Market Growth & Forecats | 2022-2028

    Global Silicon Photonics Market Growth & Forecats | 2022-2028
    Report code - SRCG250 Delivery - 2 Weeks
    Global Silicon Photonics Market Size, Share, Trends, Growth, Industry, and Forecast&n See more...

    Market Insights

    The Global Silicon Photonics Market is expected to witness a healthy growth rate of 25.78% during the forecast period of 2022-2028 and reach USD 5.98 Billion in 2028 from USD 1.18 Billion in 2021.

    Silicon-Photonics-Market-Size

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    What is Silicon Photonics?

    Silicon Photonics is the application of photonic systems employing silicon as an optical medium. The silicon materials used in such photonic systems are deployed into microphotonic components as they are designed with sub-micrometer precision. The silicon photonics system functions at the wavelength of 1.55 micrometers comes under the infrared spectrum and is most frequently used for optical communications.

    Silicon Photonics is of different types, such as switches, transceivers, cables, sensors, and variable optical attenuators, that are used in various end-use industries, such as data centers, telecommunications, military & defense, and others.

    Global Silicon Photonics Market Report Highlights

    Market Size in 2021

    US$ 1.18 Billion

    Market Size in 2028

    US$ 5.98 Billion

    Market Growth by 2022-2028

    25.78% CAGR

    Base Year of Study

    2021

    Trend Period

    2017-2020

    Forecast Period

    2022-2028

    Segments Covered

    By Product Type (Switch, Transceiver, Cable, Sensor, and Variable Optical Attenuator)

    By Application Type (Data Center and High-Performance Computing; Telecommunications; Military, Defense, and Aerospace; Medical and Life Sciences; and Sensing)

    By Component Type (Active [Laser, Modulator, and Photodetector] and Passive [Filter and Waveguides])

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World)

    Dominant Region

    Asia-Pacific region accounted for the fastest-growing market share during the forecast period.

    Key Players

    Some of the major players in the global silicon photonics market are-

    Market Drivers

    The prime factor that is contributing to the growth of the global market is-

    • The surge in demand for high-speed data transmission in data centers, globally.
    • Data is being transmitted between microchips using optical rays more and more frequently.
    • The increasing demands for internet traffic, and bandwidth reduction.
    • The growing applications of silicon photonics in biomedical, autonomous vehicles, data transmission, telecom, and artificial intelligence, among other things, will contribute to the expansion of the silicon photonics industry.

    Silicon-Photonics-Market-Snapshot

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    Segment Analysis

    By Product Type

    The Transceiver segment held the largest share of the market and is expected to remain dominant during the forecast period.

    The market is segmented as a switch, transceiver, cable, sensor, and a variable optical attenuator.  The wide use of transceivers in data centers and high-performance computing; telecommunications; and military, defense, and aerospace are driving the growth of this segment.

    By Application Type

    The Data Center and High-Performance Computing segment is expected to remain dominant during the forecast period.

    The silicon photonics market is segmented as data center and high-performance computing; telecommunications; military, defense, and aerospace; medical and life sciences; and sensing. With the surge in demand for cloud computing, there is an exponential increase in data traffic; various enterprises are shifting towards Software as a Service (SaaS) applications, which has led to an increase in demand for data centers, globally.

    By Region

    Asia-Pacific is estimated to be the largest as well as the fastest-growing market for silicon photonics during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities.

    The growth of the market is driven by the growth of various end-use industries, such as data centers, telecommunications, military & defense, and others, which is generating huge demand for silicon photonics and the presence of a large number of players in the silicon photonics market in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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    Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The global silison photonics market is segmented into the following categories. 

    By Product Type

    • Switch
    • Transceiver
    • Cable
    • Sensor
    • Variable Optical Attenuator

    By Application Type

    • Data Center and High-Performance Computing
    • Telecommunications
    • Military, Defense, and Aerospace
    • Medical and Life Sciences
    • Sensing

    By Component Type

    • Active
      • Regional: North America, Europe, Asia-Pacific, and RoW
      • Component Type: Laser, Modulator, and Photodetector
    • Passive
      • Regional: North America, Europe, Asia-Pacific, and RoW
      • Component Type: Filter and Waveguides

    By Region

    • North America (Country: the USA, Canada, and Mexico) 
    • Europe (Country: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
    • Asia-Pacific (Country: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
    • Rest of the World (Sub-Region: Latin America, the Middle East, and Others)

    Report Features

    This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    Report – Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >120

    Company Profiles

    10

     

    The following are the key features of the report:

    • Overview, industry life cycle analysis, supply chain analysis
    • Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Trend and forecast analysis
    • Segment, trends and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
    • Attractive segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Target Audience

    The following is a list of the customers that the market aims to convert the most:

    • Manufacturers
    • Suppliers
    • Distributors
    • Organizations
    • Government bodies

    Critical Questions Answered in the Report

    • What are the key trends in the market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the market?
    • What are the key strategies adopted by the major vendors to lead in the market?
    • What is the market share of the top vendors?

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The market size is expected to reach an estimated value of US$ 5.98 Billion by 2028 from US$ 1.18 Billion in 2021.

    Silicon Photonics is the application of photonic systems employing silicon as an optical medium. The silicon materials used in such photonic systems are deployed into micro photonic components as they are designed with sub-micrometer precision. The silicon photonics system functions at the wavelength of 1.55 micrometers come under the infrared spectrum and are most frequently used for optical communications. Silicon Photonics is of different types, such as switches, transceivers, cables, sensors, and variable optical attenuators, that are used in various end-use industries, such as data centers, telecommunications, military & defense, and others.

    The market is expected to grow at a CAGR of 25.78% during the forecast period.

    Some of the major players in the silicon photonics market are- Acacia, Broadcoam, Cisco, Finisar, GlobalFoundries, Hamamatsu Photonics, Intel, IBM, Mellanox Technologies, and STMicroelectronics.

    Asia-Pacific region accounted for the largest market share and is likely to grow at a robust CAGR during the forecast period.

    The prime factor that is contributing to the growth of the market is- The surge in demand for high-speed data transmission in data centers, globally. Data is being transmitted between microchips using optical rays more and more frequently. The increasing demands for internet traffic, and bandwidth reduction. The growing applications of silicon photonics in biomedical, autonomous vehicles, data transmission, telecom, and artificial intelligence, among other things, will contribute to the expansion of the silicon photonics industry.