Silicon Photonics Market Set for Breakthrough Growth, Driven by Data Centers and AI Innovation
In 2022, the global silicon photonics market was valued at USD 1.29 billion, and it is projected to expand significantly at a compound annual growth rate (CAGR) of 25.8% from 2023 to 2030. Silicon photonics is a rapidly advancing technology driven by the increasing demand for faster data transfer rates and applications that require large bandwidth. This technology has gained considerable momentum, especially in data centers and telecommunications sectors, where it provides key benefits, including high-speed data transmission, lower power consumption, and seamless integration with existing silicon-based electronic infrastructures. In these settings, silicon photonics enables improved system performance by facilitating optical interconnects, which serve as replacements for traditional copper-based interconnects in both data centers and high-performance computing systems. A primary benefit of silicon photonics lies in its compatibility with existing silicon-based electronic technolo...