Silicon Photonics Market Size To Reach $8.13 Billion By 2030
Silicon Photonics Industry Overview The global silicon photonics market size was valued at USD 1.29 billion in 2022 and is expected to grow at a CAGR of 25.8% from 2023 to 2030. Silicon photonics is an emerging technology experiencing growing demand due to the need for higher data transfer rates and bandwidth-intensive applications. It has found significant traction in data centers and telecommunications, where it offers high-speed data transmission, reduced power consumption, and integration with existing silicon-based electronic systems. Silicon photonics has also been explored as a solution for optical interconnects, replacing traditional copper-based interconnects in data centers and high-performance computing systems. Gather more insights about the market drivers, restrains and growth of the Silicon Photonics Market A key advantage of silicon photonics is its compatibility with existing silicon-based electronic technologies, enabling the...