Global Silicon Photonics Market Size & Outlook, 2023-2030
Global silicon photonics market, 2017-2030 (US$M)
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Global silicon photonics market highlights
- The global silicon photonics market generated a revenue of USD 1,630.1 million in 2023 and is expected to reach USD 8,127.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 25.8% by 2030.
- In terms of segment, wavelength-division multiplexing (wdm) filters accounted for a revenue of USD 525.2 million in 2023.
- Optical waveguides is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,630.1 million |
| Market revenue in 2030 | USD 8,127.8 million |
| Growth rate | 25.8% (CAGR from 2023 to 2030) |
| Largest segment | Wavelength-division multiplexing (wdm) filters |
| Fastest growing segment | Optical waveguides |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Optical waveguides, Optical modulators, Photodetectors, Wavelength-Division Multiplexing (WDM) filters, Laser |
Other key industry trends
- In terms of revenue, the North America accounted for 47.6% of the global silicon photonics market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 326.3 million by 2030.
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Silicon Photonics Market Scope
Silicon Photonics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global silicon photonics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to silicon photonics market will help companies and investors design strategic landscapes.
Wavelength-division multiplexing (wdm) filters was the largest segment with a revenue share of 32.22% in 2023. Horizon Databook has segmented the Global silicon photonics market based on optical waveguides, optical modulators, photodetectors, wavelength-division multiplexing (wdm) filters, laser covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Silicon Photonics Component Outlook (Revenue, USD Million, 2017-2030)
- Optical waveguides
- Optical modulators
- Photodetectors
- Wavelength-Division Multiplexing (WDM) filters
- Laser
- Global Silicon Photonics Product Outlook (Revenue, USD Million, 2017-2030)
- Transceivers
- Active Optical Cables
- Optical Multiplexers
- Optical Attenuators
- Others
- Global Silicon Photonics Application Outlook (Revenue, USD Million, 2017-2030)
- IT & Telecommunications
- Consumer Electronics
- Healthcare & Life Sciences
- Commercial
- Defense and Security
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global silicon photonics market , including forecasts for subscribers. This global databook contains high-level insights into Global silicon photonics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global silicon photonics market size, by regions, 2017-2030 (US$M)
Top 10 countries: Silicon photonics market size, 2023 (US$M)
Global silicon photonics market share, by component, 2023 & 2030 (%, US$M)
Silicon photonics market: Opportunity assessment by country
Global silicon photonics market, by region, 2023 (US$M)
| Component | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 227.4 | 268.0 | 321.3 | 391.4 | 485.7 | 615.2 | 776.3 | 974.9 | 1,217.5 | 1,528.8 | 1,909.2 | 2,397.3 | 2,993.6 | 3,759.0 | 25.3% |
| Europe | 105.6 | 125.5 | 151.8 | 186.5 | 233.5 | 298.4 | 379.8 | 481.1 | 606.0 | 767.7 | 967.0 | 1,224.8 | 1,542.8 | 1,954.1 | 26.4% |
| Asia Pacific | 72.5 | 87.3 | 107.1 | 133.3 | 169.0 | 218.7 | 281.7 | 361.2 | 460.4 | 589.9 | 751.5 | 962.4 | 1,225.5 | 1,568.7 | 27.8% |
| Latin America | 42.7 | 50.0 | 59.5 | 72.0 | 88.8 | 111.7 | 139.9 | 174.5 | 216.3 | 269.6 | 334.1 | 416.4 | 515.9 | 642.8 | 24.3% |
| MEA | 17.8 | 20.5 | 24.0 | 28.6 | 34.6 | 42.7 | 52.4 | 64.0 | 77.6 | 94.5 | 114.4 | 139.0 | 167.8 | 203.3 | 21.4% |
| Overall | 466.0 | 551.3 | 663.8 | 811.8 | 1,011.5 | 1,286.6 | 1,630.1 | 2,055.6 | 2,577.7 | 3,250.5 | 4,076.1 | 5,140.0 | 6,445.5 | 8,127.8 | 25.8% |
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