Silicon Photonics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Silicon Photonics is a new and emerging field of research that uses photonic systems to process, alter, produce, and transmit data between microchips significantly more quickly. The optical medium for data transfer in this system is silicon. The constant need for increased data transmission rates is prompting numerous manufacturers to embrace this technology in order to improve data center computing and processing capabilities. Silicon Photonics is growing at a steady rate as it lowers costs and uses less energy. Most of manufacturers are favoring the silicon photonics technology and are ready to invest in this technology to gain competitive edge.

MARKET SCOPE

The "Global silicon photonics Market Analysis to 2031" is a specialized and in-depth study of the silicon photonics Market with a special focus on the global market trend analysis. The report aims to provide an overview of silicon photonics market with detailed market segmentation by component, product and application. The global silicon photonics market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading silicon photonics market player and offers key trends and opportunities in the silicon photonics market.

MARKET SEGMENTATION

  Based on component the market is segmented as, optical waveguide, optical modulator, photodetector, LASER, wavelength division multiplexing filters.

  On the basis of product the market is segmented as, transceivers, active optical cable, optical multiplexers, optical attenuators, others.

  Further, based on application the market is segmented as, data communication, IT and telecommunication, consumer electronics, defense and security and others.

MARKET DYNAMICS

Drivers

•   Rising demand for high speed data transfer and increasing use in data communication application is likely to boost market growth during the forecast period.
  
•   Need for higher bandwidth and higher data center capabilities.
  
•   Growing application of silicon photonics across verticals is likely to fuel market growth during forecast period.
  
•   Emphasizing focus on reducing power consumption using silicon photonic transceivers.
  

Restraints

•   The silicon photonics market is restrained by risk of thermal effect along with issue like its higher reflective index makes it more difficult to integrate with smaller circuit.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global silicon photonics market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The silicon photonics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting silicon photonics Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the silicon photonics market in these regions.

IMPACT OF COVID-19 ON silicon photonics MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The reports cover key developments in the silicon photonics market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from silicon photonics market are anticipated to lucrative growth opportunities in the future with the rising demand for silicon photonics market. Below mentioned is the list of few companies engaged in the silicon photonics market.

The report also includes the profiles of key silicon photonics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Acacia Communications, Inc.
  
•   CISCO
  
•   II-VI Incorporated
  
•   GlobalFoundries
  
•   IBM
  
•   Intel Corporation
  
•   MACOM
  
•   NeoPhotonics Corporation
  
•   Rockley Photonics Ltd
  
•   Mellanox
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Silicon Photonics Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Component Optical Waveguide Optical Modulator Photodetectors Laser Wavelength Division Multiplexing Filters By Product Transceivers Active Optical Cable Optical Multiplexers Optical Attenuators By Application Data Communication IT and Telecommunication Consumer Electronics Defense and Security
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Acacia Communications, Inc. CISCO II-VI Incorporated GlobalFoundries IBM Intel Corporation MACOM NeoPhotonics Corporation Rockley Photonics Ltd