Silicon Photonics Market to Grow Over 20% through 2027

Amid the COVID-19 crisis, the global market for Silicon Photonics estimated at US$916.9 Million in the year 2020, is projected to reach a revised size of US$3.4 Billion by 2027, growing at a CAGR of 20.7% over the analysis period 2020-2027, according to a recent report by Research and Markets.

Transceiver, one of the segments analyzed in the report, is projected to record a 21.9% CAGR and reach US$1.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Switch segment is readjusted to a revised 20.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $272.2 Million, While China is Forecast to Grow at 19.9% CAGR

The Silicon Photonics market in the U.S. is estimated at US$272.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$585 Million by the year 2027 trailing a CAGR of 19.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.8% and 17.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.

Variable Optical Attenuator Segment to Record 19.3% CAGR

In the global Variable Optical Attenuator segment, USA, Canada, Japan, China and Europe will drive the 19.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$145.4 Million in the year 2020 will reach a projected size of US$494.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$416.6 Million by the year 2027.

Competitors identified in this market include, among others:

• Broadcom Ltd.
• Ciena Corporation
• Cisco Systems, Inc.
• Finisar Corporation
• Globalfoundries Inc.
• Hamamatsu Photonics KK
• IBM Corporation
• Intel Corporation
• Juniper Networks, Inc.
• Lumentum Holdings Inc.
• Luxtera
• Mellanox Technologies, Inc.
• Neophotonics Corporation
• Oclaro, Inc.
• RANOVUS Inc.
• Reflex Photonics Inc.
• Rockley Photonics Ltd.
• Sicoya GmbH
• STMicroelectronics NV