Silicon Photonics Market size was valued at US$ 1.10 Bn. in 2021 and the total revenue is expected to grow at a CAGR of 26.9% from 2022 to 2029, reaching nearly US$ 7.40 Bn.
Silicon Photonics Market Overview:
Silicon Photonics Market is expected to reach US$ 7.40 Bn. by 2029. Photonic integrated circuits (PICs) can be produced using the silicon photonics (SiPh) material platform. Most of the common CMOS production techniques can be used, and silicon on insulator (SOI) wafers are used as the semiconductor substrate material. This report focuses on the different segments of the Silicon Photonics market (Product, Component, Waveguide, Application, and Region). This report offers a detailed analysis of the top industry participants and geographic regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It offers a thorough examination of the phenomenal modern-era growth in the many sectors. Figures, graphics, and slideshows emphasise the essential data analysis from 2017 to 2021. The market drivers, restraints, opportunities, and challenges for Silicon Photonics are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Silicon Photonics market.