Silicon Photonics Industry Overview
The global silicon photonics market size was valued at USD 1.29 billion in 2022 and is expected to grow at a CAGR of 25.8% from 2023 to 2030.
Silicon photonics is an emerging technology experiencing growing demand due to the need for higher data transfer rates and bandwidth-intensive applications. It has found significant traction in data centers and telecommunications, where it offers high-speed data transmission, reduced power consumption, and integration with existing silicon-based electronic systems. Silicon photonics has also been explored as a solution for optical interconnects, replacing traditional copper-based interconnects in data centers and high-performance computing systems.
Gather more insights about the market drivers, restrains and growth of the Silicon Photonics Market
A key advantage of silicon photonics is its compatibility with existing silicon-based electronic technologies, enabling the integration of photonic components with electronic circuits on a single silicon chip. This compatibility results in more efficient and cost-effective systems. Extensive research and development have focused on improving performance, enhancing manufacturing processes, and reducing costs to drive silicon photonics advancement further. Researchers are exploring new materials, fabrication techniques, and design methodologies to push the boundaries of the technology.
Collaborations and partnerships have played a crucial role in the commercialization of silicon photonics. Semiconductor companies, telecommunications providers, data center operators, and research institutions have come together to develop standardized solutions, overcome technical challenges, and bring silicon photonics products to the market. These partnerships aim to accelerate the adoption of silicon photonics and drive its widespread use in various applications.
Browse through Grand View Research's Semiconductors Industry Research Reports.
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Silicon Photonics Market Segmentation
Grand View Research has segmented the global silicon photonics market based on component, product, application, and region:
Silicon Photonics Technology Component Outlook (Revenue in USD Million, 2017 - 2030)
- Optical Waveguides
- Optical Modulators
- Photodetectors
- Wavelength-Division Multiplexing (WDM) Filters
- Laser
Silicon Photonics Technology Product Outlook (Revenue in USD Million, 2017 - 2030)
- Transceivers
- Active Optical Cables
- Optical Multiplexers
- Optical Attenuators
- Others
Silicon Photonics Technology Application Outlook (Revenue in USD Million, 2017 - 2030)
- IT & Telecommunications
- Consumer Electronics
- Healthcare & Life Sciences
- Commercial
- Defense and Security
- Others
Silicon Photonics Technology Regional Outlook (Revenue in USD Million, 2017 - 2030)
- North America
- S.
- Canada
- Europe
- UK
- Germany
- France
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Middle East and Africa
- United Arab Emirates (UAE)
- Saudi Arabia
- South Africa
Key Companies profiled:
- Intel Corporation
- Cisco Systems, Inc.
- DAS Photonics
- Hamamatsu Photonics K.K.
- IBM Corporation
- STMicroelectronics N.V.
- Adtran Networks
- Finisar Corporation
- Molex, LLC
- Mellanox Technologies (NVIDIA Corporation)
- Infinera Corporation
Recent Developments
- In May 2023, SkyWater Technology collaborated with PsiQuantum to develop silicon photonic chips deployed in future quantum computing devices. The firms collaborated to produce the chips in SkyWater's semiconductor production facility in Minnesota, U.S. This collaboration advances PsiQuantum's objective of developing a financially feasible, error-corrected multipurpose quantum computing system that extends beyond 1,000,000 qubits using silicon photonics. The collaboration between the two firms is a crucial step towards achieving this aim, bringing together the skills of leading companies to develop a quantum computer capable of driving modifications across various sectors.
- In December 2022, Altair Engineering Inc. announced an investment of USD 10 million in Xscape, a company that has developed an innovative platform. Xscape developed a platform that sustainably connects numerous computer aspects while providing the best efficiency accessible. Xscape's unique approach utilizes photonics to minimize power consumption and heat generation while simultaneously enhancing the speed and efficiency of communications. With Altair's investment, Xscape further advanced its platform and integrated it with leading simulation, high-performance computing, and artificial intelligence software that benefits clients across various industries.
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