Silicon Photonics Market Report 2024: Strategies And Recent Developments | Acacia Communications Inc., Broadcom Inc., Cisco Systems Inc., MACOM Technology Solutions Holdings Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2711

The Business Research Company offers in-depth market insights through Silicon Photonics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
The main product types of silicon photonics are transceivers, variable optical attenuators, switches, cables, and sensors. The transceivers in silicon photonics are used to gain high-bandwidth, software-configurable access to computing and storage. When compared to traditional electronics, this eliminates networking bottlenecks that result in stranded computation capacity and allows for considerably faster data transport over larger distances. The components of silicon photonics include a laser, modulator, photodetector, filter, and wave guide. Various applications of silicon photonics include data centres and high-performance computing; telecommunication; military, defence and aerospace; medical and life science; and others.

Major Driver - High-Speed Broadband Services Fueling Silicon Photonics Market Growth
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.

Competitive Landscape:
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.

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Top Trend - Advancements In Silicon Photonics
Technological advancements are a key trend gaining popularity in the silicon photonics market, with companies launching new products with advanced technologies such as high power and optical filtering tolerance. For instance, in September 2021, NeoPhotonics Corp, a US-based designer and manufacturer of silicon photonics, launched a CFP2-DCO module with 0dBm output power for ROADM-based metro, regional, and long-haul networks. This product has a transmission speed of 400 Gbps over a range of 1,500 km. This system contains an ultra-pure Nano tunable laser, as well as a Class 40 coherent receiver and coherent driver modulator that can transmit data at up to 67 Gbaud. This allows for longer-distance transmission while also improving the receiver optical signal-to-noise ratio (rOSNR).

The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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