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| Global Silicon Photonics Market Size |
Silicon photonics technology seamlessly integrates electronic and photonic
devices by leveraging existing semiconductor fabrication infrastructure. It
enables coupling light into and out of silicon for optical data transmission
and switching on a single chip. Silicon photonics components provide small
size, low power consumption, mass producibility, and high integration levels
with electronics.
The global
silicon photonics market is estimated to be valued at US$ 1949.78 Mn in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
The increasing adoption of data-intensive applications such as artificial
intelligence, machine learning, and high-performance computing are driving
demand for high-speed data transmission capabilities. Silicon photonics
components address this need by offering transmission speeds up to 100 times
faster than traditional electronic-only solutions. As data traffic continues to
grow exponentially, silicon photonics is emerging as a more scalable and
power-efficient alternative to optical transmission over copper cables. Leading
technology companies are extensively investing in developing silicon photonic
solutions to leverage its benefits for applications in data centers,
telecommunications, and Healthcare. For instance, Intel is commercializing
silicon photonic transceivers for high-speed interconnects in data centers.
Segment Analysis
The global silicon photonics market is dominated by the telecommunication
segment, accounting for around 45% of the total market share in 2024. The
telecommunication segment is dominating as silicon photonics technology helps
provide high bandwidth communication at a very low cost. Silicon photonics
allows transmitting large amounts of data over long distances through optical
fibers, enabling faster data transfer in 5G networks.
Key Takeaways
Global
Silicon Photonics Market Size is expected to witness high growth over
the forecast period of 2023 to 2030. The global silicon photonics market is
estimated to be valued at US$ 1949.78 Mn
in 2023 and is expected to exhibit a CAGR
of 4.3% over the forecast period 2023 to 2030.
Regional
analysis shows that Asia Pacific region is currently dominating the market and
is expected to grow at the fastest rate during the forecast period. The
presence of major manufacturing countries like China, Japan, South Korea and
rapid adoption of 5G infrastructure is fueling the growth of silicon photonics
market in Asia Pacific region.
Key players operating in the silicon photonics market are Knoll Inc., LLC., HNI
Corporation, Herman Miller, Inc., Teknion Corporation, Kimball International
Inc., Berco Designs, Kokuyo Co., Ltd., Haworth Inc., Okamura Corporation, and
Steelcase Inc. These key players are focusing on new product launches and
partnerships to gain competitive edge in the market. For instance, in 2022,
Knoll Inc partnered with Haworth Inc. to expand their seating portfolio.
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