Silicon Photonics is the emerging study that deals with photonic system to process, manipulate, generate and transmit data much faster between microchips. Silicon Photonics is experiencing healthy growth rate as it reduces cost and consumes less power.
The silicon photonics market was valued at USD 596.4 Million in 2016 and is expected to reach USD 1988.1 Million by 2023, at a CAGR of 20.8% during the forecast period.
Some of the products available in the market are silicon photonic waveguides, silicon optical modulators, silicon optical interconnects, silicon LED and silicon photodetectors.
The market for silicon wavelength division multiplexer filters is expected to double by 2020.
The 100G silicon transceivers market is expected to grow at a CAGR of 37.3% and 200G – 400G silicon transceivers market is expected to grow at a CAGR of 95.9% from 2016 to 2025.
The opportunity expected to foster the silicon photonics market incorporates its growing demand in telecom and data communication. Countries with high level of technology adoption and advancement across North America and Europe are the dominant markets for silicon photonics. Additionally, Asia Pacific market is expected to observe expeditious technological upgrades and thus serves as an opportunity for this market in the coming years.