The Silicon Photonics Global Market Report 2023 by The Business Research Company, provides silicon photonics market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Silicon Photonics Global Market Report 2023, the global silicon photonics market size grew from $1.51 billion in 2022 to $1.91 billion in 2023 at a compound annual growth rate (CAGR) of 26.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global silicon photonics is expected to grow to $4.68 billion in 2027 at a CAGR of 25.1.
Growing demand for high-speed broadband services is expected to propel the growth of the silicon photonics market. High-speed broadband services are widely used in mobiles and laptops, smart home applications, online education, virtual private LAN services, interactive gaming, and others. Silicon photonics technology uses a sub-micrometer SOI (silicon on insulator) platform, which is widespread in the field of fibre optic interconnects, which helps for better data transmission both between and within microchips.
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The silicon photonics market is segmented:
1) By Product: Transceivers, Variable Optical Attenuators, Switches, Cables, Sensors
2) By Component: Laser, Modulator, Photodetector, Filter, Wave Guide
3) By Application: Data Centers And High-Performance Computing, Telecommunication, Military, Defense And Aerospace, Medical And Life Science, Other Applications
Technological advancements are a key trend gaining popularity in the silicon photonics market, with companies launching new products with advanced technologies such as high power and optical filtering tolerance. For instance, in September 2021, NeoPhotonics Corp, a US-based designer and manufacturer of silicon photonics, launched a CFP2-DCO module with 0dBm output power for ROADM-based metro, regional, and long-haul networks. This product has a transmission speed of 400 Gbps over a range of 1,500 km. This system contains an ultra-pure Nano tunable laser, as well as a Class 40 coherent receiver and coherent driver modulator that can transmit data at up to 67 Gbaud. This allows for longer-distance transmission while also improving the receiver optical signal-to-noise ratio (rOSNR).
The silicon photonics market report table of contents includes:
1. Executive Summary
2. Silicon Photonics Market Characteristics
3. Silicon Photonics Market Trends And Strategies
4. Silicon Photonics Market – Macro Economic Scenario
5. Silicon Photonics Market Size And Growth
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26. Africa Silicon Photonics Market
27. Silicon Photonics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Silicon Photonics Market
29. Silicon Photonics Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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