With 28.5% CAGR, Silicon Photonics Market Growth to Surpass USD 5.0 billion

The silicon photonics market was valued at USD 1.3 billion in 2022 and is projected to reach USD 5.0 billion by 2028, growing at a CAGR of 28.5% from 2023 to 2028. Increasing government and stakeholder funding, growing deployment of 5G networks, emerging applications of silicon photonics, and surging utilization of silicon photonics technology in short-reach communication provide lucrative opportunities to the silicon photonics market.

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Transceivers in product segment are expected to account for largest share of silicon photonics market during forecast period

The Transceivers segment is expected to dominate the silicon photonics market during the forecast period. Owing to the growing need for high-speed data transmission in data centers, transceivers are used in various applications, such as high-performance computing, data centers, and telecommunications. Technological advancements in silicon photonics have made it possible to transfer data at a speed of up to 800 Gbps. Intel Corporation's 100G Parallel Single Mode 4-lane (PSM4) QSFP28 optical transceiver supports a data transfer rate of up to 100 Gbps over four parallel single-mode fibers, each operating at 25 Gbps.

Military, defense, and aerospace segments to exhibit significant growth in silicon photonics market, by application, during forecast period

Increasing procurement of military communication solutions due to security-related concerns, disputes among countries, and the need to replace legacy communication systems is the primary factor driving the adoption of silicon photonics in the defense industry. Along with it, the rise in the volume of IP-based data, such as remote sensor data and situational awareness video, requires fast connectivity, accelerating the growth of the silicon photonics market for military applications.

Stringent regulatory policies to replace outdated systems, enhanced focus on travel safety and accident aversion, and increased investments to innovate wireless technology are some of the major factors that drive the demand for silicon photonics in the aerospace industry. Additionally, the increasing use of SATCOM for monitoring purposes and antennas for air-to-ground signal transmission drives the demand for silicon photonics in this industry.

China in Asia Pacific is expected to record highest CAGR during forecast period

China is the largest and fastest-growing silicon photonics market in Asia Pacific. This is primarily because data centers and high-performance computing are expected to be one of the country's leading applications for silicon photonics. Many technology giants plan to have their data centers in the country, providing an excellent opportunity for the silicon photonics market in this region.

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In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the AI sensor market. Following is the breakup of the profiles of the primary participants for the report.

• By Company Type: Tier 1 - 40 %, Tier 2 - 40%, and Tier 3 - 20%
• By Designation: C-Level Executives -40%, Directors- 40%, and Others - 20%
• By Region: North America- 40%, Asia Pacific - 30%, Europe- 20%, and RoW - 10%

The report profiles key players in the silicon photonics market and analyzes their market shares. Players profiled in this report are Cisco Systems, Inc. (US), Intel Corporation (US), MACOM Technology Solutions (US), GlobalFoundries Inc. (US), Lumentum Operations LLC (US), Marvell Technology, Inc. (US), Coherent Corporation (US), International Business Machines Corporation (IBM) (US), STMicroelectronics NV (US), Rockley Photonics Holdings Limited (US), Mellanox Technologies Ltd. (US), Sicoya GmbH (Germany), RANOVUS (Canada), Broadcom Inc. (US), Hamamatsu Photonics KK (Japan), Fujitsu Limited (Japan), EFFECT Photonics (Netherlands), AIO Core Co., Ltd. (Japan), NKT Photonics (Denmark), and so on.

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This release was published on openPR.