Silicon Photonics Market: Growth Projections and Trends for 2022–2032
The Global Silicon Photonics Market Size is expected to reach USD 21.3 Billion by 2032, at a CAGR of 29.4% during the forecast period 2022 to 2032. The growing popularity of cloud-based applications, which necessitate high-speed data transfer, along with the rising acceptance of 5G wireless technologies, as well as the increasing need for miniaturized electronic devices, are among the key factors driving the rapid expansion of the global silicon photonics market.