Silicon Photonics Market 2030: A Bright Future for High-Speed Data Transfer
Silicon Photonics Market Growth & Trends The global silicon photonics market size is expected to reach USD 8.13 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 25.8% from 2023 to 2030. The rapid emergence of commercial and consumer electronics applications is anticipated to revolutionize the market over the forecast period. Key factors driving the growth include the increasing demand for high-speed data transfer and the need for energy-efficient communication systems. Silicon photonics offers advantages such as high bandwidth, low power consumption, compact size, and compatibility with existing semiconductor manufacturing processes. Data centers have been a major driver for the adoption of silicon photonics due to their need for high-speed and energy-efficient interconnects. Silicon photonics enables faster and more efficient data transmission between servers and racks. Telecommunications is an...