Silicon Photonics Market Segmentation:
Component
The silicon photonics market is segmented and analyzed for demand and supply by component into optical waveguides, modulators, photodetectors and laser. Out of these, the laser segment is estimated to gain the largest market share of about 35% in the year 2035. The growth of the segment can be attributed to the increasing demand for high-speed data communication, rising need for data centers and growing demand for optical interconnects. It is estimated that data transmission networks consumed 260-340 TWh of electricity as of 2021, equivalent to 1.1-1.4% of global electricity consumption. It is expected that 5G will account for 56% of mobile data traffic in 2027, up from 10% in 2021. The laser segment is expected to be the most dynamic segment in the forecast period, as it is crucial for the construction of optical communication systems. Additionally, lasers are a key component in silicon photonics as they convert electrical signals into light signals, and are used in data centers to transfer high speed data owing to the increasing demand for high speed data transfer in consumer electronics and telecommunications.
Product
Silicon photonics market is segmented and analyzed for demand and supply by product into transceivers, cables, switches, sensors, optical attenuators and others. Out of these, the transceivers segment is estimated to gain the significant market share of about 29% in the year 2035. The growth of the segment can be attributed to the increased demand for high-speed data transmission applications and the need for low-power consumption in the market. Additionally, the rising demand for data centers and the increased focus on cloud computing are driving the demand for transceivers in the market. Transceivers are used to send and receive data in data centers and cloud computing platforms. They are critical components for these systems and are expected to see strong growth in the coming years.
Our in-depth analysis of the global silicon photonics market includes the following segments:
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By Component |
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By Product |
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By Application |
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