The Europe Silicon Photonics Market would witness market growth of 28.2% CAGR during the forecast period (2023-2030).
Heat and other noise sources in silicon photonics applications can interfere with optical communications by pushing light into frequencies that are typically filtered out. Until those filters are changed, data may be lost or incomplete, and reconstruction may be difficult in the case of data streaming. Furthermore, the adjustments are more difficult since it might be difficult to predict when & how physical processes will change light. Optical communication systems are using silicon nanophotonics technology more and more. In the upcoming years, the demand from massive data centers and 5G technologies is predicted to propel massive growth in the market.
Moreover, smaller form factors with greater bandwidth and better power efficiency are now possible due to high-speed silicon photonics-based technology. The biggest contributor on the consumer side is streaming video and other media. Furthermore, important companies like Facebook, Google, and Microsoft are preparing to increase the volume of their data centers across all continents in response to the projected data center traffic. As a result, the demand for SiP throughout the predicted period may increase due to the necessity for long-distance data transport as opposed to traditional electronics.
Data centers help spread technologies like smart metering, teleworking, clever transportation, and e-commerce, which make the region's economic activity less carbon-intensive. It puts computing tasks in carefully built buildings that can handle business and government IT operations well. The number of data centers set up in the UK has gone up, which is a big change. This is happening because more and more businesses are using the cloud, and more and more end users are using new technologies like big data, AI, and blockchain. This trend is helped by the fact that the country has a lot of customers and tech stars. With the planned rollout of 5G technology in several major UK cities, there will be more ways to handle the huge amount of data from the Internet of Things (IoT). The growth of digitalization and 5G will lead to more data centers, which will increase the use of silicon photonics and aid the market growth in the region.
The Germany market dominated the Europe Silicon Photonics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $475.4 million by 2030. The UK market is experiencing a CAGR of 27.1% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 29.2% during (2023 - 2030).
Based on Product, the market is segmented into Transceivers, Variable Optical Attenuators, Switches, Cables, and Sensors. Based on Application, the market is segmented into Data Centre & High-Performance Computing, Telecommunications, Military, Defense, & Aerospace, Medical & Life Sciences, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Silicon Photonics Market is Projected to reach USD 7.5 Billion by 2030, at a CAGR of 28.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Intel Corporation, MACOM Technology Solutions Holdings, Inc., IBM Corporation, STMicroelectronics N.V., Fujitsu Limited, Broadcom, Inc., Coherent Corp., GLOBALFOUNDRIES Inc. and Marvell Technology Group Ltd.
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