NORTH AMERICA SILICON PHOTONICS MARKET FORECAST 2023-2032

The North America silicon photonics market growth analysis includes the assessment of the United States and Canada. The rising demand for connectivity and high-speed data networks using efficient, low-cost devices is among the major factors driving market demands in the United States. Also, government investments and the rising demand for efficient data transference contribute to market growth. In addition, the thriving Internet of Things (IoT) market, the growing consumer awareness, and the increasing number of smartphone users boost the demand for consumer-end devices with silicon photonics applications. 

The North America silicon photonics market scope includes component, application, waveguide, and product type. The application segment includes medical & life science, defense & aerospace, telecommunication, military, data centers & high-performance computing, and other applications. 

The conventional data transfer methods involve significant data loss resulting either in data with noise or distorted data transfer. In this regard, the data loss is the least during data transfer using silicon photonics. Modern telecommunication networks always encompass a demand for technologies that aid in improving the performance of telecommunication networks like communications and instant connectivity. One such technology enabling faster data transfers for the telecom sector is silicon photonics. The flourishing telecommunication market thus propels the silicon photonics market growth. 

At the same time, the telecommunication sector growth restraints include bandwidth limitation primarily due to the non-feasibility of the development of networks with limited bandwidth. The introduction of silicon photonics in telecommunications has facilitated the advantage of higher bandwidth at lower costs. This has considerably boosted silicon photonics products. 

Furthermore, the conventional data transfer methods include the problem of persistent electromagnetic interference, leading to inefficient data transfer, thereby resulting in increased demand for precise materials. Optical signals in silicon photonics have helped tackle this challenge since electromagnetic waves do not interfere with optical signals. Similarly, silicon photonics has enabled the development of cost-effective devices with increased efficiency that minimizes the overall cost of telecommunication operations. 

Some of the prominent firms operating in the North America silicon photonics market include Inphi, Intel, II-VI, IBM, etc.

Intel Corporation is an integrated digital technology company in the United States. It designs and develops integrated digital technology products and components for the communications and computing industries. Also, it offers software & applications, consumer electronics, wired & wireless connectivity products, server products, solid state drivers, motherboards, chipsets, and processors. The company has business operations in Asia-Pacific, Europe, the Middle East, and the Americas, with headquarters in Santa Clara, California, the United States.

One of its key products, 100G CWDM4 QSFP28 Optical Transceiver, encompasses around 10 km reach on high speed duplex single-mode fiber with low-power