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Global Silicon Photonics Market (2023-2032)- Regional Outlook, Growing Scope, Business Insights, Opportunity Assessment And Major Key Players | Acacia Communications, Broadcom Ltd., Cisco Systems, MACOM Technology, Finisar Corporation
Silicon Photonics Market
As per the Silicon Photonics Market report by The Business Research Company, 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.
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 silicon photonics market size is expected to grow to $4.68 billion in 2027 at a CAGR of 25.1%.
Read More On The Silicon Photonics Market Report Here:
https://www.thebusinessresearchcompany.com/report/silicon-photonics-global-market-report
Major competitors in the Silicon Photonics Market include Acacia Communications, Broadcom Ltd., Cisco Systems, MACOM Technology, Finisar Corporation, Globalfoundries Inc., IBM Corporation, Ii-Vi Incorporated, Inphi, Intel Corporation, Juniper Networks, Mellanox Technologies, NeoPhotonics, Ranovus, Rockley Photonics Ltd., Sicoya, Luxtera, and Reflex Photonics Inc.
The Silicon Photonics Market is segmented -
By Product: Transceivers, Variable Optical Attenuators, Switches, Cables, Sensors
By Component: Laser, Modulator, Photodetector, Filter, Wave Guide
By Application: Data Centers And High-Performance Computing, Telecommunication, Military, Defense And Aerospace, Medical And Life Science, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Silicon Photonics Market.
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Silicon photonics refers to a new technology in which data is transferred among computer chips by optical rays. Optical rays can carry huge data in less time than electrical conductors. Semiconductor-grade silicon is used in silicon photonics for the integration of active and passive integrated photonic circuits with electronic components. Silicon photonics is the new study and application of photonic systems for generating, processing, manipulating, and also using for faster data transfer both between and within microchips.
The Table Of Content For The Silicon Photonics Market Include:
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
……
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
The "Global Silicon Photonics Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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