Silicon Photonics Market is Projected to Reach US$5.98 Billion by 2028

  • By Region (North America, Europe, Asia-Pacific, and the Rest of the World).

Silicon Photonics Market Insights

Market Trends by 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 a variable optical attenuator. 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.

Market Trends by Application Type

The Data Center and High-Performance Computing segment is expected to remain dominant during the forecast period.

The silicon photonics market is segmented as data center and high-performance computing; telecommunications; military, defense, and aerospace; medical and life sciences; and sensing. 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.

Which region offers the best opportunity and growth?

Asia-Pacific is estimated to be the largest as well as the fastest-growing market for silicon photonics during the forecast period, with 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.

COVID-19 Impact on the Silicon Photonics Market

COVID-19 has put an instant halt to many industries across the globe. Lockdown norms in several countries have swiftly affected the global economy by affecting the supply chain, production, and demand in the market. Both direct, as well as indirect impacts of the pandemic, have been incorporated in this report.

Who are the Top Market Players?

After a thorough analysis of the market, the experts have listed a few key players and discussed the company profiles of the below-given players –

  • Acacia

  • broadcom

  • Cisco

  • Finisar

  • Global Foundries

  • Hamamatsu Photonics

  • Intel

  • IBM

  • Mellanox Technologies

  • STMicroelectronics.