Silicon Photonics Market is Forecasted to Reach US$ 5.98 Billion in 2028, Says Stratview Research

The global silicon photonics market is projected to witness a growth rate of 25.78% annually from 2022 to 2028, with an anticipated size of US$ 5.98 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global silicon photonics market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2028: US$ 5.98 billion
Growth (CAGR): 25.78% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Silicon Photonics Market:

The global silicon photonics market is segmented based on product type, application type, component type, and region.

Based on product type - "The transceiver segment held the largest share of the market and is expected to remain dominant during the forecast period."
The market is segmented as a switch, transceiver, cable, sensor, and variable optical attenuator. The Transceiver segment maintained its leading position in the market and is projected to continue its dominance throughout the forecast period.
The wide use of transceivers in data centers and high-performance computing; telecommunications; and military, defense, and aerospace are driving the growth of this segment.

Based on application type - "The data center and high-performance computing segment is expected to remain dominant during the forecast period."
The market is segmented into data center and high-performance computing; telecommunications; military, defense, and aerospace; medical and life sciences; and sensing. The data center and high-performance computing segment is projected to maintain its dominance throughout the forecast period.
With the surge in demand for cloud computing, there is an exponential increase in data traffic; various enterprises are shifting towards Software as a Service (SaaS) applications, which has led to an increase in demand for data centers, globally.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1447/silicon-photonics-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to be the largest as well as the fastest-growing market for silicon photonics during the forecast period. This growth outlook is majorly attributed to the following-

• China, Japan, India, and Australia being the major countries with lucrative growth opportunities.
• The growth of the market is driven by the growth of various end-use industries, such as data centers, telecommunications, military & defense, and others, which is generating huge demand for silicon photonics and the presence of a large number of players in the silicon photonics market in the Asia-Pacific region.
• North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Silicon Photonics Market Drivers:

Some of the key drivers listed in the report are given below.
• The surge in demand for high-speed data transmission in data centers, globally.
• Data is being transmitted between microchips using optical rays more and more frequently.
• The increasing demands for internet traffic, and bandwidth reduction.
• The growing applications of silicon photonics in biomedical, autonomous vehicles, data transmission, telecom, and artificial intelligence, among other things, will contribute to the expansion of the silicon photonics industry.

Top Companies in the Silicon Photonics Market:

Stratview Research has identified the following companies as the top market players.
• Acacia
• Broadcom
• Cisco
• Finisar
• GlobalFoundries
• Hamamatsu Photonics
• IBM
• Intel
• Mellanox Technologies
• STMicroelectronics

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Silicon Photonics Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Photonics Market: https://www.stratviewresearch.com/1313/photonics-market.html
• Data Center Power Market: https://www.stratviewresearch.com/1447/silicon-photonics-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

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This release was published on openPR.