Silicon Photonics Market Application Development Potential and Competitive Market Share – 2024 Top Key Players are STMicroelectronics, Intel, Cisco, Broadcom, Finisar Corporation, IBM Corporation, Mellanox Technologies and Texas Instruments, Oracle Corp

Increasing adoption in data centers is a major factor anticipated to drive the silicon photonics market. High integration capabilities coupled with a high density of interconnects are escalating their demand in data centers. These components enable the chips to use light pulses instead of electrical signals to transfer data, enhancing the processing speeds and cloud computing performance. There is a substantial increase in the number of SMEs across the world facilitated by government support initiatives such as Made in China 2025 and Make in India, fueling the demand for sophisticated data storage requirements. Various organizations in emerging economies are investing in enhancing the data centers, which is aiding the silicon photonics market to gain traction during the forecast timeframe.

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Silicon photonics market players are required to develop their own computer-aided design or computer-aided engineering software to develop these components, which escalates the initial manufacturing costs. Thermal effect issues that hamper the performance of devices coupled with high initial costs are further hampering the industry growth. The availability of substitute technologies such as Vertical-Cavity Surface Emitting Laser (VCSEL) that increases the data speed and improves the efficiency is anticipated to hamper silicon photonics market growth. Furthermore, VCSEL is available at a low cost, which makes it a preferred alternative for companies that have severe budgetary constraints, primarily SMEs. The thermal dissipation within the material makes silicon photonics ineffective for lasing applications.

Key Market Competitors:

1. Juniper
2. Hamamatsu
3. STMicroelectronics
4. Intel
5. Cisco
6. Acacia
7. Broadcom
8. Finisar Corporation
9. IBM Corporation
10. Mellanox Technologies
11. Texas Instruments
12. Teraxion
13. Oracle Corporation
14. 3S Photonics

Rapid industrialization in emerging countries owing to the availability of low-cost resources, such as labor and raw materials, is leading to the strong growth in the number of businesses in emerging economies. This is placing a high focus on silicon photonics market players developing data centers with enhanced features to satisfy the increasing data requirements. Additionally, there is an increasing need for enhanced energy-efficient data storage techniques. Rising need for fast data transfer speeds, the need for enhanced computational and processing capabilities, and the increasing requirements for low-power consumption devices are anticipated to provide attractive growth opportunities for the silicon photonics market.

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By application segmentation, silicon photonics market includes telecommunications, defense, medical & life sciences, military, data center & high-performance computing, and sensing. The data center & high-performance computing segment is projected to dominate the industry owing to the increase in data traffic and technological advancements in data centers. There is a growth in the implementation of optics using silicon photonics. The increasing investments in the improvement of data transmission technologies and the high funding for the development of advanced defense technologies are driving the demand in the defense and government sector.

Countries across Europe and North America are the principal markets for silicon photonics market as there is a high level of advanced technology implementation in these countries. For instance, in December 2017, the USD 10 million EU PASSION project was initiated by 12 partners to develop photonic technologies supporting the development of the future metropolitan communications network. Asia Pacific is expected to witness the highest growth over the forecast time span owing to the increase in the number of data centers. Emerging economies in Asia Pacific including China, India, and Japan are concentrating on adopting advanced technologies in electronics for the miniaturization of circuits and the reduction of energy consumption.

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Key players in the silicon photonics market include Juniper, Hamamatsu, STMicroelectronics, Intel, Cisco, Acacia, Broadcom, Finisar Corporation, IBM Corporation, Mellanox Technologies, Texas Instruments, Teraxion, Oracle Corporation, and 3S Photonics. The compatibility of the technology with the prevailing fabrication techniques is making major players in the region to adopt silicon photonics technology. Increasing competition among major players to offer technologically-advanced solutions is driving the silicon photonics market. In December 2017, Globalfoundries announced a strategic partnership with Ayar Labs to develop silicon technology solutions.

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