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Silicon Photonics Market Price

Silicon Photonics Market Price

Submitted by • October 26, 2020 www.expertmarketresearch.com

The silicon photonics market is projected to grow from USD 1.0 billion in 2020 to USD 3.0 billion by 2025, growing at a CAGR of 23.4%. The increasing requirement for high bandwidth and high data transfer capabilities is the major factor propelling the growth of the silicon photonics market. Silicon photonic transceivers are likely to exhibit the highest CAGR during 2020–2025, primarily due to their high integration density, which enables high-speed data transmission, as well as their ability to consume low power. Further, these transceivers can be upgraded to handle higher capacity bandwidth, thereby enabling optical modules to handle the data center network speed of up to 100 Gbps, 400 Gbps, and beyond.

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