Silicon Photonics Market by Component [Optical Waveguide, Optical Modulator, Photodetectors, Laser, and Wavelength Division Multiplexing (WDM) Filters], Product (Transceivers, Active Optical Cable, Optical Multiplexers, Optical Attenuators, and Others), and Application (Data Communication, IT and Telecommunication, Consumer Electronics, Defense and Security, Others): Global Market Size Estimates and Forecast (2022–2030)
The silicon photonics market is expected to cross US$ 12.67 billion in 2022 and is projected to hit US$ 18.52 billion by 2030, recording a CAGR of 5.2% during the forecast period.
There is a growing emphasis on minimizing power usage with silicon photonic transceivers.
It is difficult to satisfy the ever-increasing demand for high-speed data transfer with traditional copper lines. The use of optical interconnects and silicon photonic transceivers bypasses the spectral range limitation. Furthermore, components such as transceivers, interconnects, and switches utilised in silicon photonics-based communication networks require less power. Companies such as CISCO and Intel have developed optical switches that require little power (0.6 mW) while providing a high switching speed of 6 ns. Traditional products rely on board-to-board and computer-to-computer integrations, but silicon photonic devices rely on on-chip integration, which not only decreases product size but also aids in power consumption reduction.
Within the report, the silicon photonics market is segmented into component, product, application, and geography. By component, the market is further segmented into the optical waveguide, optical modulator, photodetectors, laser, and wavelength division multiplexing (WDM) filters. Based on the product, the market is divided into transceivers, active optical cables, optical multiplexers, optical attenuators, and others. Based on application, the market is divided into data communication, IT and telecommunication, consumer electronics, defense and security, and others. Geographically, the market is segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
Silicon photonics technology is for developing a new generation of tiny photonics.
Silicon photonics has enormous potential for studying photonic systems that use silicon as an optical medium. Silicon Photonics is utilized in computer processors to process, manipulate, produce, and transport data. Photonics-based computing promises to consume less energy and transmit data faster than traditional technologies. Silicon photonics technology is also used to develop a new generation of tiny photonic components at low cost.
Increased use of silicon photonics technology in short-range communication
Short-range communication connections optical interconnects and has a wide range of applications in the construction of communication networks. Silicon photonics technology has the potential to improve the performance of short-range communication systems. Data can be delivered at high speeds of 400 Gbps up to 10 kilometres with this technique. Companies including Intel, Luxtera, Molex, and STMicroelectronics are working to improve transmission speed and distance. As a result, silicon photonics technology is projected to gain traction in data centre short-range data transfer.
Recent strategic developments in the silicon photonics market
The silicon photonics market has undergone several significant developments, and a few of these have been mentioned below:
- In Feb 2022, Tower Semiconductors was acquired by Intel Corporation in order to create a globally diverse product range to suit the expanding demand for semiconductors. This acquisition also allows the company to offer foundry services to a global clientele.
- In June 2021, NeoPhotonics has announced the release of the CFP2-DCO module transceiver, which has a transmission speed of 400 Gbps over a range of 1500 km. DeLaval introduced the RC550 and RC700, solid-floor robot collectors designed to increase cow welfare and hoof condition.
The silicon photonics market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships Cisco Systems, Inc.; Intel Corporation; MACOM; GlobalFoundries; and STMicroelectronics are among the prominent players operating in the market.
The target audience for the report:
- Raw material providers
- Silicon photonics providers
- Optical providers
- Silicon photonics-related service providers
- Silicon photonics associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Silicon photonics component suppliers
- Silicon photonics and optical distributors and sales firms
- End users of silicon photonics
- Research institutes, organizations, and consulting companies
Scope of the report:
- Optical Waveguide
- Optical Modulator
- Wavelength Division Multiplexing (WDM) Filters
- Active Optical Cable
- Optical Multiplexers
- Optical Attenuators
- Data Communication
- IT and Telecommunication
- Consumer Electronics
- Defense and Security
- North America
- Asia Pacific (APAC)
- Rest of the World
- Companies profiled
- Cisco Systems, Inc.
- Intel Corporation
- Cisco Systems, Inc.
- Intel Corporation