Silicon Photonics Market 2020 Future Scope and Price Analysis by 2026 

The silicon photonics market is set to observe noteworthy growth over the forthcoming years owing to rising adoption of innovative technologies like 5G. The advent of 5G could play a huge role in addressing the demand for high-speed internet to provide enhanced network communication. Growing recognition of 5G will support the deployment of silicon photonics technology. Intel, a prominent developer of silicon photonic products, describes the technology as a combination of semiconductor laser and silicon integrated circuit. Hardware made using silicon photonics facilitates faster data transfer over longer distances compared to traditional electronics.

Due to the ongoing COVID-19 pandemic, telecom operators are witnessing a heavy demand for high-speed internet connections around the world. This might accelerate the use of silicon photonics in the coming years. Considering the benefits of silicon photonics, various investors have begun to pour in funds to expedite new innovation and development activities.

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In terms of applications, the industry is majorly classified into medical, telecommunication, and data center & HPC. Among these, the medical sector is estimated to record a compound annual growth rate of more than 30% over the forecast period.

This growth can be contributed to the rising use of photonics biosensors in medical monitoring and diagnostics processes that improves the Point-of-care (POC) diagnostics by providing miniaturization capability and high sensibility in biosensors.

Development of new technologies that utilize silicon photonics and cater to the needs of the medical sector may aid market growth. Taking January 2019 for instance, research and innovation hub in digital technology and nanoelectronics, Imec partnered with Ghent University alongside CARDIS project partners like Medtronic to develop a prototype medical instrument built using silicon photonics. The device would be used for diagnosing cardiovascular diseases like heart failure and arterial stenosis, as well as for screening of arterial stiffness.

List of the Key Companies that are Operating in the Silicon Photonics Market. They are as follows:

Broadcom Inc, Ciena Corporation, Cisco Systems, Inc., GlobalFoundries, IBM Corporation, Intel Corporation, Juniper Networks, Inc., Lumentum Operations LLC , Mellanox Technologies Ltd (NVIDIA Corporation), NeoPhotonics Corporation, RANOVUS Inc. , SICOYA , STMicroelectronics

Prominent players operating in the silicon photonics industry are focusing on developing innovative products by investing in multiple R&D activities geared towards improving the technology’s performance. Companies are also looking to enter into new strategic relationships with an aim to expand their product portfolio and geographical presence. 

In March 2017, Luxtera, one of the leading silicon photonics solution providers, inked a strategic partnership deal with TSMC for the manufacturing of next-generation silicon photonics. Together, both the firms would concentrate on developing an advanced silicon photonics technology platform that would offer unparalleled optical link performance.

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Table Of Content:

Chapter 5.   Silicon Photonics Market, By Product

5.1.  Key trends, by product

5.2.  Transceiver

5.2.1. Market estimates and forecast, 2016 - 2026

5.3.  Variable optical attenuator

5.3.1. Market estimates and forecast, 2016 - 2026

5.4.  Switch

5.4.1. Market estimates and forecast, 2016 – 2026

5.5.  Cable

5.5.1. Market estimates and forecast, 2016 – 2026

5.6.  Sensor

5.6.1. Market estimates and forecast, 2016 – 2026

Chapter 6.   Silicon Photonics Market, By Component

6.1.  Key trends, by component

6.2.  Active

6.2.1. Market estimates and forecast, 2016 – 2026

6.2.2. Laser    Market estimates and forecast, 2016 - 2026

6.2.3. Modulator    Market estimates and forecast, 2016 - 2026

6.2.4. Photodetector    Market estimates and forecast, 2016 - 2026

6.2.5. Others    Market estimates and forecast, 2016 - 2026

6.3.  Passive

6.3.1. Market estimates and forecast, 2016 – 2026

6.3.2. Filter    Market estimates and forecast, 2016 - 2026

6.3.3. Waveguide    Market estimates and forecast, 2016 - 2026

Chapter 7.   Silicon Photonics Market, By Application

7.1.  Key trends, by application

7.2.  Data center and HPC

7.2.1. Market estimates and forecast, 2016 - 2026

7.3.  Telecommunication

7.3.1. Market estimates and forecast, 2016 - 2026

7.4.  Medical

7.4.1. Market estimates and forecast, 2016 – 2026

7.5.  Others

7.5.1. Market estimates and forecast, 2016 - 2026

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