The Global Silicon Photonics Market was valued at USD 1.08 Billion by 2021 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 25.8% between 2021 and 2028. Silicon Photonics is the emerging study that deals with photonic systems to process, manipulate, generate and transmit data much faster between microchips. In this system, silicon is used as a visual aid for data transfer. The constant demand for high data transfer is the main reason why various manufacturers are using this technology to improve their integration and processing capabilities in data centers. Silicon photonics achieves a healthy growth rate as it reduces costs and consumes less energy. Many manufacturers love the technology of silicon photonics and are ready to invest in this technology to compete.
Lighters are needed to transmit optical data efficiently because they create pure light in terms of frequency and color. Silicon photonics uses an on-chip or off-chip light source. An on-chip light source can achieve a high degree of compactness in a compact size and has better performance in terms of energy efficiency and energy balance than a non-chip light source. However, assembling laser sources on a silicon chip is difficult as it increases complexity. Also, different light sources have different light sources; therefore, on-chip laser integration is a complex process, thus preventing market growth. Some devices based on silicon photonics may have a thermal effect, which may interfere with the operation of the devices. The silicon photonics index is high which makes it difficult to make small devices. These restrictions are an impediment to the growing market acceptance of the silicon photonics sensor market.
It is difficult to meet the ever-increasing demand for high-speed data transfer with growing focus on reducing power consumption using silicon photonic transceivers and conventional copper cables. The utilization of optical interconnects and silicon photonic transceivers eliminates this issue of the limited spectral range. Also, components such as transceivers, interconnectors, and switches used in communication networks based on silicon photonics technology consume less power. Companies such as CISCO and Intel have come up with optical switches that consume low power (i.e., 0.6 MW) and can provide a high switching speed of 6 ns. Traditional products are based on board-to-board and computer-to-computer integrations, but silicon photonic products are based on the on-chip integration, which not only reduces the product size but also helps reduce power consumption
The Global Silicon Photonics Market is segmented on the basis of product into transceivers, variable optical attenuators switches, cables, sensors. On the basis of applications, the market is segmented into data centers, communications, military, defense, aerospace, medical and health sciences. Based on waveguide, the market is divided into 400-1,500 NM, 1,310 -1,550 NM, 900-7000 NM.
The market for silicon photonics in Asia Pacific is expected to grow at a very high rate, driven by the growing use of silicon photonics in telecommunications, as well as a highly efficient data center and computer applications, among others. The Asia Pacific Silicon Photonics Market is also driven by the high number of internet users in China and India, as well as the increasing use of high-speed broadband networks and mobile devices, requiring advanced infrastructure that supports communication and high-speed communication. Therefore, Asia Pacific seems to offer a great opportunity in the market for silicon photonics.
Some of the major players working in the Global Silicon Photonics Market include - Intel (US), Cisco Systems (US), GlobalFoundries (US), MACOM Technology (US), NeoPhotonics (US), II-VI (US), IBM (US), InPhi (US), Rockley Photonics (US), and STMicroelectronics (Switzerland).