Silicon Photonics Market size was valued at USD 1.20 billion in 2022 and is poised to grow from USD 1.50 billion in 2023 to USD 11.30 billion by 2031, growing at a CAGR of 28.30% during the forecast period (2024-2031).
Increasing demand is anticipated for silicon photonics in the forecast period as more and more global deployment of 5G network technologies grows, and high-speed data transmission is witnessing an ever-higher rate of demand. According to future forecasts, increased investments in downsizing and applications for biotechnology and life sciences are anticipated to give more business opportunities for the vendors of silicon photonics. Sales of silicon photonics will probably grow in the coming years when energy-efficient semiconductors are deployed extensively, a lot of devices of the Internet of Things (IoT) are employed, and new semiconductor technology breakthroughs are achieved.
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Pioneering Innovation with Dust Photonics Launches 800G-DR8 Chip
In October 2023, Dust Photonics released its groundbreaking 800G-DR8 silicon photonics chip. The cutting-edge technology provides high-speed communication solutions required in modern computing environments, while improving performance across various data center applications. In this highly data-dependent world, the 800G-DR8 chip offers an excellent opportunity for enterprises looking to improve their infrastructure and uphold uninterrupted connectivity while leveraging exceptional abilities designed to revolutionize data transmission efficiency.
Major Companies Transforming Telecom and Datacom Applications
The companies in the silicon photonics market are Lumentum Operations LLC, GlobalFoundries U.S. Inc., Juniper Networks, Intel Corporation, Cisco Systems, Inc., and Synopsys, Inc. These companies are working on innovation for datacom and telecom applications. The market players are using several strategic strategies, such as partnership, collaboration, acquisition, and merger, to strengthen their operations globally.
Recent Developments by Key Players
- September 2023: The hardware comprises new silicon photonic chips designed with the help of Salience Labs in the UK, and iPronics in Valencia. This kit would be installed in a research and development center in Malaga for boosting open Radio Access Networks, also known as open RANs.
- September 2023: Tower Semiconductor and InnoLight Technology have announced a collaboration related to the availability of the multi-generational Silicon Photonics processing PH18 platform from Tower, based on 400G/800G speed optical transceivers. This joint venture will provide for the delivery of a SiPh platform designed to enhance numerous industries, including datacenters, automotive LiDAR, sensors, AI, and sensors.
- March 2022: Among the market leaders in the industry, GlobalFoundries Inc. partnered with Cisco Systems, Inc., Broadcom, Marvell, and NVIDIA. The company collaborated with other photonic suppliers, which also included Lightmatter, PsiQuantum, Ayar Labs, and Xanadu, to serve the high-performance market players who requiredadvanced quantum computing.
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This report covers following segments:
A. Component
- Lasers
- Modulators
- Photodetectors
B. Waveguide
- 400-1
- 500 NM,1
- 310-1
- 550 NM
- 900-7
- 000 NM
C. Product
- Transceivers
- Active Optical Cables
- Optical Multiplexers
- Variable Optical Attenuators
- Optical Engines
D. Application
- Data Centers &High-Performance Computing
- Telecommunications
- Military& Defense
- Aerospace
- Medical & Life Sciences
- Other Applications
This report covers following players:
- Intel Corporation
- Cisco Systems, Inc.
- DAS Photonics
- Hamamatsu Photonics K.K.
- IBM Corporation
- STMicroelectronics N.V.
- Adtran Networks
- Finisar Corporation
- Molex, LLC
- Mellanox Technologies
- Infinera Corporation
- Synopsys, Inc.
- OSCPS Motion Sensing Inc.
- Marvell Technology, Inc.
- Broadcom, Inc.
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Growth Opportunities and Market Challenges Ahead
Technology advancement in semiconductors coupled with the future demand for less energy-consuming devices is expected to fuel future sales of silicon photonics. However, future prognosis regarding demand for silicon photonics would be retarded by the complexity of manufacturing and lack of standardization. Asia-Pacific would be the region that would drive global growth in the silicon photonics market, as the strong semiconductor manufacturing industries based in China and Japan are expected to contribute significantly. The growth in the silicon photonics market will be of great value to silicon photonics companies during the projection period, given that silicon photonics is to be used in driverless cars and quantum computing.
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