Silicon Photonics - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Silicon Photonics Market is accounted for $0.80 billion in 2019 and is expected to reach $3.77 billion by 2027 growing at a CAGR of 21.4% during the forecast period. Some of the key factors propelling the growth of the market are increasing demand for high-speed broadband services, deployment of 5G technologies in developing nations, and growing demand for CMOS-integrated silicon photonics technology. However, the risk of thermal effect is the restraining factor for the growth of the market.
Silicon photonic devices contain optical systems that use silicon as the optical medium. Since silicon is used as a substrate for most ICs, it is easily possible to manufacture hybrid devices in which electronic as well as the optic components are integrated on a single microchip. They are increasingly used in data transfer between microchips, through optical rays. Moreover, they are capable of carrying a large amount of data in a short time as compared to the electrical conductors.
By application, the IT and telecommunication segment is expected to grow at a significant market share during the forecast period because of the growing demand for smartphone products and the need for maximizing the performance of existing fixed and mobile infrastructures. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period owing to the strong growth in the data centres, long haul & transport networks, and presence of consumer electronics manufacturers.
Some of the key players in Silicon Photonics Market include Intel, Cisco, IBM, Globalfoundries, STMicroelectronics, Rockley Photonics, Inphi, Mellanox, Ranovus, Neophotonics, Lumentum, Broadcom, Ii-Vi Incorporated, Macom, and Sicoya.
• Optical Multiplexers
• Optical Transceivers
• Photovoltaic Cells/Solar Cells
• Light Emitting Diode
• Microring Laser
• Photonic Integrated Circuit
• Variable Optical Attenuators
• Distributed Feedback Integrated Laser
• Optical Interconnects
• Other Products
• Photonic Integrated Circuits (ICs) Materials
• Silicon Photonics Materials
• 400–1,500 nm
• 1,310–1,550 nm
• 900–7,000 nm
• Active Components
• Passive Components
• IT and Telecommunication
• Data Center and High-Performance Computing
• Military, Defense, and Aerospace
• Consumer Electronics & Display
• Medical and Life Science
• Sensing and Instruments
• Research and Development
• Data Communication
• Media & Advertising
• Complementary Metal Oxide Semiconductor (CMOS)
• Micro-Electro-Mechanical Systems (MEMS)
• 3D Stacking
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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