How is Increasing Demand for Energy-Efficient Devices Driving Photonics Market?

The photonics market is growing on account of the increasing demand for this technology in communication devices and strong focus on energy efficiency. Such places receive, process, and transmit terabytes of data per second, which is why they are adopting fiber optics interconnects and servers.

To deliver data at even higher speeds, such establishments are replacing their 10G transceivers with 40G and 100G variants.

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The rising usage of high-definition video, live broadcasting, and several other data-intensive applications are resulting in an increase in the network traffic, thereby creating the demand for high-speed data transmission. This is impelling the manufacturers of integrated circuits (IC) to base these IT components on the photonics technology.

Other than this, data centers are also switching to silicon photonics, for enabling faster transmission of data. As silicon photonics transfer data at speeds of more than 100 Gbps, while consuming less energy, they are becoming a prominent photonics market trend.

As conventional optical cables, which are made of copper, have limitations of bandwidth, data centers are equipping their complimentary metal-oxide semiconductors (CMOS) with silicon photonics to overcome the challenges.

Around the world, the growth of photonics market was largest in Asia-Pacific in 2019, owing to the wide application of the technology in the region’s huge consumer electronics industry.

The demand for consumer electronics is rapidly rising in Japan, China, Indonesia, South Korea, India, and Thailand, which is leading to the increasing sale of photonics products. Additionally, with swift industrialization, the market is expected to display the highest CAGR in this region. Within APAC, India would observe the fastest growth, due to the increasing production of solar power.

Thus, as consumer electronics manufacturers up their production volume to cater to the increasing demand, they will increasingly purchase various photonics products.