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Report Overview
The global silicon photonics market attained a value of nearly USD 349.60 Million in 2023. The market is further expected to grow at a CAGR of 26.80% during the forecast period of 2024-2032 to reach a value of USD 2962.41 Million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Silicon Photonics Market Growth
The anticipated growth of silicon photonics products is due to their demand in the diverse fields of application, including consumer electronics, IT, telecommunications, and other commercial applications. The rising demand for active optical cables, optical multiplexers, and optical attenuators provide more opportunities for development as it provides substantial opportunities for low-cost economies, thus, aiding the global market growth of silicon photonics. The rising awareness of the benefits of optoelectronics is expected to drive the growth of the market. With the rising penetration of smartphones, especially in the developing regions, the market is expected to be catalysed further.
Silicon Photonics Market Report Snapshots
Silicon Photonics Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global silicon photonics market is projected to grow at a CAGR of 26.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 2962.41 Million by 2032.
The major drivers of the market include rising applications in consumer electronics, IT, telecommunications, and commercial applications, increasing disposable incomes, growing demand for optoelectronics, and rising penetration of smartphones.
The key trends guiding the market growth include the growing demand for active optical cables, optical multiplexers, and optical attenuators and the rising awareness regarding the advantages of optoelectronics.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different products in the market are optical multiplexers, active optical cable, fibre optical switches, and transceiver, among others.
The major components of silicon photonics are photodetectors, laser, and modulators, among others.
The significant applications of silicon photonics are data centre and high-performance computing and telecommunications, among others.
The major players in the market are Cisco Systems, Inc., Intel Corporation, IBM Corporation, NeoPhotonics Corporation, Hamamatsu Photonics K.K, and STMicroelectronics N.V., among others.
In 2023, the market reached an approximate value of USD 349.60 Million.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124