Silicon Photonics Market Opportunities, Comprehensive Analysis, Segmentation, Business Revenue Forecast and Future Plans
Market Overview
Silicon Photonics Market is expected to register a 22.93% CAGR, exhibiting substantial growth during the forecast period. The market was valued at USD 742.48 Million in 2018; it is expected to reach USD 2,518.59 Million by 2024. North America accounted for the largest market value of USD 272.69 million in 2018; the market is expected to register a CAGR of 20.71% during the forecast period.
Silicon photonics uses various components in conjunction to increase the processing speed and power of computers. The data is transferred using light pulses (laser) and is multiplex at the transmitter end using a multiplexer. The data traverses through a fiber optic channel and is demultiplexed at the receiver end. A photodetector then converts the light pulses into data. Silicon photonics has observed major applications in optical communication, optical routers, and signal processors, long-range telecommunications, and light-field displays. Silicon photonics is thus widely used in data centers and 5G communications. However, it has started developing its usage in commercial security, consumer electronics, and military sectors.
Competitive Analysis
The major market players identified by MRFR in the silicon photonics market are Cisco Systems, Inc. (U.S.), Infinera Corporation (U.S.), Intel Corporation (U.S.) Mellanox Technologies Ltd. (U.S.), IBM Corporation (U.S.), Hamamatsu Photonics K.K. (Japan), Finisar Corporation (U.S.), STMicroelectronics N.V. (Switzerland), Das Photonics (Spain), Luxtera Inc. (U.S.), among others.
The major market players are expected to contribute substantially to the growth of the global silicon photonics market over the review period, by focusing on mergers, acquisitions, strategic business partnerships. These are expected to offer favorable conditions for the market to expand over the review period.
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Segmental Analysis
The global silicon photonics market is segmented on the basis of component, product, and application.
On the basis of components, the market has been bifurcated into active components and passive components. The products available in the silicon photonics market are active optical cables, optical engines, optical multiplexers, RF circuits, transceivers, and variable optical attenuators. The applications of silicon photonics are found in end-use industries such as commercial, consumer electronics, data communication, defense, medical and life science, and telecommunications.
Regional Analysis
The global Silicon Photonics Market, on the basis of region, is segmented into Asia Pacific, Europe, North America, and Rest of the World.
The Global Silicon Photonics Market, by region, has been segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. North America is expected to dominate the global silicon photonics market during the forecast period due to the developments in the remote surgeries, and remote consultation in medical and healthcare industries.
LIST OF TABLES
TABLE 1 SILICON PHOTONICS MARKET, BY COMPONENTS
TABLE 2 SILICON PHOTONICS MARKET, BY PRODUCT
TABLE 3 SILICON PHOTONICS MARKET, BY APPLICATION
TABLE 4 SILICON PHOTONICS MARKET, BY REGION
TABLE 5 NORTH AMERICA SILICON PHOTONICS MARKET, BY COMPONENTS
Continued…….
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 SILICON PHOTONICS MARKET BY COMPONENTS (%)
FIGURE 3 SILICON PHOTONICS MARKET: BY PRODUCT (%)
FIGURE 4 SILICON PHOTONICS MARKET: BY APPLICATION (%)
FIGURE 5 SILICON PHOTONICS MARKET: BY REGION (%)
Continued……
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