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The global silicon photonics market size was valued at US$ 1,584.8 million in 2022 and is predicted to reach US$ 8,317.9 million by 2030. The market reveals a robust 23.03% Compound Annual Growth Rate (CAGR) over the predicted timeframe, 2022-2030. The increasing demand for high-speed data transfer, potential to overcome the limitations of traditional data transfer technologies, and the increasing adoption of silicon photonics in data centers, telecommunications, and other communication networks are driving the growth of the silicon photonics market.