India, July 17 -- The silicon photonics market is projected to be valued at USD 1.63 billion in 2023 and reach USD 8.13 billion by 2030, growing at a CAGR of 25.8% according to a new report by The Research Insights. Driven by increasing demands for high-speed data transfer and bandwidth-intensive applications.

In general, the silicon photonics market growth of 25.8% comprises a vast array of Component, Product, Application and Geography, which are expected to register strength during the coming years.

Market growth

According to an exhaustive report by The Research Insights, the silicon photonics market is experiencing significant growth. The silicon photonics market worldwide continues to grow rapidly due to several emerging factors wh...