Silicon Photonics Market Overview
Overview:
Silicon photonics is a rapidly evolving technology that integrates photonic functions, such as data transmission, with traditional silicon-based integrated circuits. This market has witnessed significant growth due to the increasing demand for high-speed data transfer and the need for efficient communication in various industries. New applications such as LiDAR and bio-sensing are emerging.
Market Size and Growth:
The global silicon photonics market size was valued at USD 1.29 billion in 2022 and is expected to grow at a CAGR of 25.8% from 2023 to 2030 1. Silicon photonics is an emerging technology experiencing growing demand due to the need for higher data transfer rates and bandwidth-intensive applications. It has found significant traction in data centers and telecommunications, where it offers high-speed data transmission, reduced power consumption, and integration with existing silicon-based electronic systems 1.
The top players in the global silicon photonics market include Broadcom Inc., Sicoya GmbH, GlobalFoundries Inc., Intel Corporation, Juniper Networks Inc., Cisco Systems Inc., IBM Corporation, NeoPhotonics Corporation, and others 12.
