CHINA SILICON PHOTONICS MARKET FORECAST 2023-2030

The China silicon photonics is predicted to accelerate with a 15.14% CAGR by 2030, reaching an estimated valuation of $xx million during the assessment years, 2023-2030.

Energy efficiency is the ultimate goal of any technological advancement. Silicon photonics technology leads to a significant reduction in financial costs by saving a huge amount of energy. According to the International Energy Agency (IEA), by 2050, energy-efficient technologies installed in transport vehicles, buildings, and industries are anticipated to save the world’s total energy by one-third. Silicon photonics increases the data transfer rate much more than electrical signaling since it uses light to transfer data. This helps in saving time, money, and human resources.

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China’s silicon photonic market is also anticipated to exhibit a higher growth rate than other Asia-Pacific countries, owing to its high global electronics market share and growing economy. Further, China is one of the most prominent electronics consumers and producers. The manufacturing industry is rapidly growing and is witnessing the continuous deployment of various manufacturing and telecommunications technologies, which is expected to drive the market’s growth.

Furthermore, the Government of China is introducing a Made in China 2025 plan to promote research and development activities in factory automation, technologies, and investments. As most of the automation equipment is imported from other countries, the ‘Made in China’ initiative aims to expand its domestic production of automation equipment.

Besides, silicon photonics technologies in China have made rapid progress in the past decade. Numerous material technologies and platforms have been developed to realize silicon photonic devices for many applications focusing on broadband communication, like optical and wireless networks, optical interconnects, and coherent optical communication.

The China silicon photonics market growth analysis includes segmentation by component, product type, waveguide, and application. Market by product type covers variable optical attenuators, cables, transceivers, switches, sensors, etc.

Sensors are devices used to monitor or measure particular reaction changes. The silicon photonic sensors are developed to monitor chemical reactions and refractometric applications, among others. The sensors can be designed independently of temperature and other interferences that help to accurately measure and monitor the studied parameter. Some of the sensors being developed are used in chemical applications such as pollution control, isotope separation, photochemical deposition, etc.

A refractometric sensor was designed by ultra-violet lithography, mainly using grated silicon photonic wired. The device monitors chemical reactions on a chip suitable for liquid cladding index changes. A nanomechanical sensor was designed to be a physical sensor for sensing strains and forces using silicon photonic crystals. There is expected to be no compromise in the device’s sensing capability by silicon photonics technology, and it would still be cost-effective.

Leading companies in the China silicon photonics market include MACOM Technology, NeoPhotonics, STMicroelectronics, etc.

NeoPhotonics is a designer and manufacturer of photonic integrated circuit (PIC)-based optoelectronic modules and subsystems for bandwidth communications networks. The company provides transmitter products, receiver products, and switch products. NeoPhotonics operates in the United States, Hong Kong, Japan, China, the British Virgin Islands, and Russia. The company operates under two product lines: high-speed products and network products & solutions. It is headquartered in San Jose, California.

CFP2-ACO module from NeoPhotonics incorporates a leading ultra-narrow linewidth external cavity tunable laser, and its high responsivity integrated coherent receiver exhibits low electrical power consumption.

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