The silicon photonics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Silicon Photonics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The silicon photonics market size has grown exponentially in recent years. It will grow from $1.9 billion in 2023 to $2.36 billion in 2024 at a compound annual growth rate (CAGR) of 24.3%. The growth in the historic period can be attributed to growth in data centers and optical communication, high-speed data transmission demands, technological advancements in silicon photonics, energy-efficient and cost-effective data solutions, telecom and cloud computing industry growth, expansion in artificial intelligence and machine learning..
The silicon photonics market size is expected to see exponential growth in the next few years. It will grow to $5.83 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%. The growth in the forecast period can be attributed to 5g infrastructure and optical networking, hyperscale data centers and edge computing, silicon photonics for ai accelerators, automotive lidar and adas applications, medical imaging and biophotonics, quantum communication and computing.. Major trends in the forecast period include integrated silicon photonics with electronics, co-packaged optics and optical asics, photonic ai and neuromorphic computing, quantum photonic processors, silicon photonics for lidar in autonomous vehicles, flexible and reconfigurable photonic circuits.
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Scope Of Silicon Photonics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Silicon Photonics Market Overview
Market Drivers –
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. For instance, in July 2023, according to the Organization for Economic Co-operation and Development, a France-based intergovernmental organization, in the fixed broadband segment, fiber is now firmly established as the leading connection technology, representing 38% of all fixed subscriptions at the end of 2022. Therefore, the growing demand for high-speed broadband services is driving the growth of the silicon photonics market.
The silicon photonics market covered in this report 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
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Regional Insights –
Asia-Pacific was the largest region in the silicon photonics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the silicon photonics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the silicon photonics market include Acacia Communications Inc., Broadcom Inc., Cisco Systems Inc., MACOM Technology Solutions Holdings Inc., Finisar Corporation, Globalfoundries Inc., International Business Machines Corporation (IBM), II-VI Incorporated, Inphi Corporation, Intel Corporation, Juniper Networks Inc., Mellanox Technologies Ltd., NeoPhotonics Corporation, Ranovus Inc., Rockley Photonics Ltd., Sicoya GmbH, Luxtera Inc., Reflex Photonics Inc., Lumentum Operations LLC, Hamamatsu Photonics K.K., Fujitsu Limited, AIO Core Co. Ltd., NKT Photonics A/S, Infinera Corporation, IPG Photonics Corporation, STMicroelectronics N.V., Ciena Corporation, Kotura Inc., Oclaro Inc., Skorpios Technologies Inc., Silicon Line GmbH, Lightwave Logic Inc., Kaiam Corporation, O-Net Technologies (Group) Limited, POET Technologies Inc.
Table of Contents
1. Executive Summary
2. Silicon Photonics Market Report Structure
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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27. Silicon Photonics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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