Silicon Photonics Market – Key Vendors, Drivers and Trends by Forecast to 2024

Silicon Photonics Market

Global Silicon Photonics Market: Overview

Silicon photonics is the study of the photonic systems where silicon is used as an optical medium to transfer data. The study deals with a photonic system which transmits, manipulates, generates, and processes the data with good speed between the microchips. This system operates at a wavelength of 1.55 micrometer, which falls under infrared spectrum and it is mostly used for optical communications. Silicon photonics integrate three technologies together which includes micro-electro-mechanical systems, 3D stacking, and a complementary metal oxide semiconductor. The basic operation of silicon photonics is to transfer data in the form of optical rays between computer chips. Silicon photonics enable high-speed data transfer coupled with low power consumption over an optical fiber.

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Global Silicon Photonics Market: Growth Factors

Increasing need for a higher transfer rate of data among many manufacturers is compelling them to adopt the silicon photonics technology to improve the processing and computational capabilities of data centers, this may lead to boost the silicon photonics market. The market will experience steady growth in the coming years as it minimizes cost and consumes low power. Many companies are highly investing in this technology in order to gain a competitive edge in the global market. However, few silicon photonics-based devices hold thermal effect problem that may hamper the performance of the devices.

Global Silicon Photonics Market: Segmentation

The global silicon photonics market is segregated on the basis of application, product, and geography. Based on the application, the market is bifurcated into metrology, telecommunication & data transfer high-performance computing, consumer electronics & display, data communication, healthcare, sensing, and others. The product segment is classified into silicon photodetectors, silicon optical interconnects, silicon photonics waveguides, silicon LED, silicon optical modulators, wavelength division multiplexing filters, and others. Geographically, the silicon photonics market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Silicon Photonics Market: Regional Analysis

North America and Europe are widely accepting the usage of advanced technologies; this anticipates driving the global silicon photonics market growth. North America contributed the largest market share owing to the presence of the huge market for wavelength division multiplexer filters and silicon optical modulators. It has become an attractive place for many companies to launch silicon photonics market due to the increasing government support and rising demand for the data transfer. Rapid technological up gradation is taking place in the Asia-Pacific region which triggers the market growth. Other factors that support the growth of the market are rapid urbanization, rising population, and growing demand for data transfer in the Asia Pacific region.

Global Silicon Photonics Market: Competitive Players

The major leading players in the global silicon photonics market are 3S Photonics, Finisar Corporation, Luxtera, IBM Corp., and Hewlett-Packard Co. Other players that are influencing the market are Mellanox Technologies, Phoenix Software, Inc., Oracle Corporation, Infinera, Inc., and Das Photonics.

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