Canada Silicon Photonics Market Size & Outlook, 2023-2030
Canada silicon photonics market, 2017-2030 (US$M)
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Canada silicon photonics market highlights
- The Canada silicon photonics market generated a revenue of USD 88.0 million in 2023 and is expected to reach USD 326.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 20.6% from 2024 to 2030.
- In terms of segment, wavelength-division multiplexing (wdm) filters was the largest revenue generating component in 2023.
- Optical waveguides is the most lucrative component segment registering the fastest growth during the forecast period.
Silicon photonics market data book summary
| Market revenue in 2023 | USD 88.0 million |
| Market revenue in 2030 | USD 326.3 million |
| Growth rate | 20.6% (CAGR from 2023 to 2030) |
| Largest segment | Wavelength-division multiplexing (wdm) filters |
| Fastest growing segment | Optical waveguides |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Optical waveguides, Optical modulators, Photodetectors, Wavelength-Division Multiplexing (WDM) filters, Laser |
| Key market players worldwide | Intel Corp, Cisco Systems Inc, Hamamatsu Photonics KK, International Business Machines Corp, STMicroelectronics NV, Adtran Networks SE, NVIDIA Corp, Infinera Corp, DAS Photonics, Finisar, Molex |
Other key industry trends
- In terms of revenue, Canada accounted for 5.4% of the global silicon photonics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. silicon photonics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,432.7 million by 2030.
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Silicon Photonics Market Scope
Silicon Photonics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 31.14% in 2023. Horizon Databook has segmented the Canada 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.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada silicon photonics market , including forecasts for subscribers. This country databook contains high-level insights into Canada silicon photonics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada silicon photonics market size, by component, 2017-2030 (US$M)
Canada Silicon Photonics Market Outlook Share, 2023 & 2030 (US$M)
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