The silicon photonics market is expected to grow from USD 1.1 billion in 2021 to USD 4.6 billion by 2027; it is expected to grow at a CAGR of26.8% during the forecast period. The silicon photonics market has been witnessing significant growth over the past years, mainly owing to the increase in demand for high speed data transfer and increasing use of silicon photonic transceivers in data centers and high speed computing applications.
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The report profiles key players in the silicon photonics market and analyzes their market shares. Players profiled in this report are Cisco Systems (US), Intel (US), MACOM Technology (US), GlobalFoundries (US), NeoPhotonics (US), InPhi (US), II-VI (US), IBM (US), STMicroelectronics (Switzerland), Rockley Photonics (US), Mellanox Technologies (Israel), Sicoya (Germany), Lumentum Operations (US), RANOVUS (Canada), Broadcom (US), Hamamatsu Photonics (Japan), Molex (US), Fujitsu (Japan), Chiral Photonics (US), EFFECT Photonics (Netherlands), AIO Core (Japan), NKTPhotonics (Denmark), IPG Photonics (US), DAS Photonics (Spain) and TDK Corporations ( Japan)
Datacenter and high-performance computing application to have highest CAGR in silicon photonics market for variable optical attenuators market during the forecast period.
The variable optical attenuators segment is expected to witness constant growth in the coming years due to the rising adoption of broadband internet in developing countries, testing and deployment of 5G in the telecommunications industry, and escalating demand for high-speed internet connectivity in commercial and industrial applications. For instance, several US-based telecommunication companies such as AT&T and T-Mobile already rolled out 5G networks in 2019, which provide faster data transfer and communication across multiple cities and towns of the US.
Modulators to grow at significant CAGR in silicon photonics component market during the forecast period.
An optical modulator is a device that can modulate or alter the fundamental characteristics of a light beam that propagates in free space or in an optical waveguide. Modulators change/modify properties such as optical power or phase of light beams. An optical modulator can alter different beam parameters; optical modulators can be categorized into amplitude, phase, and polarization modulators. These are mainly used to manipulate the property of light of an optical beam, e.g., a laser beam. Silicon optical modulators are divided into absorptive and refractive modulators. Owing to the increasing demand for high-speed optical networks, the market for silicon modulators is likely to witness a high growth rate during 2021–2027.
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