The Silicon Photonics Market is set to increase by USD 5.23 billion, with an impressive CAGR of 24.88% between 2023 and 2028. One of the major growth drivers is the escalating demand for higher bandwidth, essential for supporting the data-intensive nature of today’s applications. A reduction in transportation costs further fuels the market, making logistics and distribution more cost-effective. The ability to scale beyond 400G enables enterprises to manage large data volumes and prepare for future growth demands. Integration of electronic circuits with telecom advancements has also boosted innovation. Key market trends such as rising Internet traffic, cloud computing, and the proliferation of IoT and smartphones are significantly pushing the demand for silicon photonics. The growing adoption of hybrid silicon photonics technologies offers enhanced performance in data transmission and processing, broadening market possibilities and opening new avenues for growth.

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