Lucintel Forecasts the Global Silicon Photonics Market to Reach $8 billion by 2030
Lucintel Forecasts the Global Silicon Photonics Market to Reach $8 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global silicon photonics market looks promising with opportunities in the data center and high-performance computing, telecommunication, aerospace & defense, medical & life sciences, and sensors industries. The global silicon photonics market is expected to reach an estimated $8 billion by 2030 from $2 billion in 2023, at a CAGR of 22% from 2023 to 2030. The major drivers for this market are rising demand for silicon photonics based products in data centers, reduction in power consumption with use of silicon photonics based transceivers, and growing requirement of high bandwidth and high data transfer capabilities.
Browse 119 figures / charts and 113 tables in this 306 –page report to understand trends, opportunity and forecast in silicon photonics market to 2030 by device type (transceiver, variable optical attenuator, switch, sensor and others), component (laser, photodetector, and modulators, and others), end use industry (data center & high-performance computing, telecommunications, military, defense, and aerospace, medical & life sciences, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
Lucintel forecasts that transceiver will remain the largest device type segment and switches expected to witness highest growth over the forecast period.
Data centers and high-performance computing remain the largest end use segment and medical and life science is expected to witness the highest growth over the forecast period.
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NA is expected to remain the largest market and APAC expected to witness the highest growth over the forecast period due to rise in the demand from data centers and high-performance computing, telecommunications, military, defense, and aerospace.
Cisco, Intel, Skorpios Technologies, Juniper Networks, II-IV Incorporated, NeoPhotonics, Marvell, Leoni, Nvidia n are the major suppliers in the silicon photonics market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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