LONDON, April 26, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s Silicon Photonics Market research report, growing demand for high-speed broadband services is expected to propel the growth of the photonics market. on silicon. Broadband high speed services are widely used in mobiles and laptops, smart home applications, online education, virtual private LAN services, interactive games, etc. Silicon photonics technology uses a sub-micron SOI (silicon on insulator) platform, widely used in the field of fiber optic interconnects, which contributes to better data transmission between and within microchips. According to the Organization for Economic Co-operation and Development, Austria, Belgium, Chile, Ireland, Israel and the United Kingdom all increased their fiber connections by more than 50% in 2020. Additionally, during COVID-19 pandemic in 2020, in 38 OECD (Organisation for Economic Co-operation and Development) countries, the number of new broadband connections stood at 21.15 million. Hence, the growing demand for high-speed broadband services is driving the growth of the silicon photonics market.
The global silicon photonics market share is expected to grow from $1.20 billion in 2021 to $1.49 billion in 2022 at a compound annual growth rate (CAGR) of 24.13%. The change in growth trend of the silicon photonics market is mainly due to the stabilization of the production of the companies after meeting the demand which increased exponentially during the COVID-19 pandemic. The market size is expected to reach $3.44 billion in 2026 to CAGR of 23.23%.
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Technological advancements are a key trend that is gaining popularity in the silicon photonics market, with companies launching new products with advanced technologies such as high power and optical filter tolerance. For example, in September 2021, NeoPhotonics Corp, an American designer and manufacturer of silicon photonics, launched a CFP2-DCO module with 0 dBm output power for ROADM-based metro, regional and long-haul networks. This product has a transmission speed of 400 Gbps over a range of 1,500 km. This system contains an ultra-pure tunable Nano laser, as well as a class 40 coherent receiver and a coherent driver modulator that can transmit data at up to 67 Gbaud. This allows transmission over longer distances while improving the receiver’s optical signal-to-noise ratio (rOSNR).
Key players in the silicon photonics market are Acacia Communications, Broadcom Ltd., Cisco Systems, MACOM Technology, Finisar Corporation, Globalfoundries Inc., IBM Corporation, Ii-Vi Incorporated, Inphi, Intel Corporation, Juniper Networks, Mellanox Technologies, NeoPhotonics, Ranovus, Rockley Photonics Ltd., Sicoya, Luxtera and Reflex Photonics Inc.
TBRC’s global silicon photonics market study is segmented by Product into Transceivers, Variable Optical Attenuators, Switches, Cables, Sensors; by laser component, modulator, photodetector, filter, waveguide; by application in data center and high performance computing, telecommunications, military, defense and aerospace, medical and life sciences, others.
Asia Pacific was the greater region in the silicon photonics market in 2021. Asia Pacific should be the fastest growing region in the global silicon photonics market over the forecast period. Regions covered in the Global Silicon Photonics Market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
The Global Silicon Photonics Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide insights into the Silicon Photonics market, Analyze Silicon Photonics Market and Forecast Market Size and Growth for Overall Market, Silicon Photonics Market Segments & Geographies, Silicon Photonics Market Trends, Photonics Market Drivers Silicon Photonics Market constraints, revenue, profiles and market shares of top Silicon Photonics Market competitors in 1000+ industry reports, covering 2500+ market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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