Silicon photonics continues to evolve rapidly, with diverse applications signaling significant opportunities ahead, notes market analyst firm Yole Group. Specifically, the market for silicon photonic integrated circuit (PIC) die is estimated to be increasing at a compound annual growth rate (CAGR) of 45% from 2023 to at least $863m by 2029, notes the firm in its annual report ‘Silicon Photonics 2024 – Focus on SOI [silicon-on-insulator], SiN [silicon nitride], and LNOI [lithium niobate-on-insulator] platforms’, which this year explores the photonics landscape, emphasizing materials for PICs, optical interconnects, and other applications...
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