A recent report published by Infinium
Global Research on the silicon photonics market provides an in-depth analysis of
segments and sub-segments in the global as well as regional silicon photonics
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional silicon photonics market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global silicon photonics market.
According to the report, the global silicon photonics market is projected to
grow at a CAGR of 21.6% over the forecast period of 2019-2025.
Silicon photonics has become one
of the major technologies in this very digital age. In recent years, it has
been intensively trailed by researchers and entrepreneurs across the world. It
has emerged as an auspicious solution to realize high-performance computing
(HPC) systems required in the Big Data era. It has numerous applications in the
domains of HPC, data centers, sensors and bio-sensing, aerospace, etc. The
high-density data communication will become much cheaper, more reliable, and
less energy consuming which is the final goal of achieving silicon photonics.
Silicon photonics technology offers outstanding potentials for the integration
of highly-complex active and passive photonic devices by allowing monolithic
integration of MWP (Microwave Photonics) with high-speed silicon electronics. Several
manufacturers from different regions are investing in developing integration the capability that will elevate their business and will also lead to the silicon
photonics market demand growth.
The need for higher data transfer
rates and increasing demand for silicon photonics based products in data
centers are driving the growth of the silicon photonics market. The growing
need for a higher data transfer rate is forcing various manufacturers to adopt
silicon photonics technology to enhance the computational and processing
capabilities of data centers. Silicon photonics promises higher capacity and
more efficient data transfer for data center interconnects at distances
typically less than 80 km. Furthermore, for telecommunications, this technology
raises the amount of data transmitted over the same fiber lines without the
need to expand fiber cabling. Silicon photonics technology will enable the
creation of new designs for semiconductors, chips, optical components, and
entire data systems owing to continuous new developments. However, the high
power consumption of laser devices hampers the silicon photonics market growth.
Moreover, increasing demand in telecom and data communication industries is
anticipated to provide growth opportunities to the market players. Silicon
photonics for telecom and data communication industries has extended its range
of applications moving from the traditional long-distance and metropolitan
transport networks to the access segment of fixed and mobile networks. In
mobile networks, photonic networking is alleged as a key technology for both
the backhaul and the front haul applications. Silicon photonics is already
considered the most feasible technology for intra-system interconnect in
routers, switches, radio base stations, data centers, etc.
Geographically, North America
holds a large market share of the global silicon photonics market. Increasing
the developments in the telecommunications industry is the major driving factor
for the North America silicon photonics market. The factors such as growth in
technological advancements in Information & Communication Technology
(ICT) sector and the emergence of Artificial Intelligence (AI) & Internet
of Things (IoT) are estimated to boost the market growth in this region over
the forecasted period.
The report on global silicon
photonics market covers segments such as product, component, and applications.
On the basis of product, the sub-markets include transceiver, variable optical
attenuator, switch, cable, and sensor. On the basis of component, the
sub-markets include active components, and passive components. On the basis of
applications, the sub-markets include telecommunication and data transfer, data
communication, sensing, metrology, consumer electronics & display,
healthcare, and high performance computing.
The report provides profiles of
the companies in the market such as OneChip Photonics Inc., Infinera
Corporation, Skorpios technologies Inc., NeoPhotonics Corporation, Mellanox
Technologies, Inc., Cisco Systems, Inc., Acacia Communications, Inc., Intel Corporation,
Keopsys Group, Finisar Corporation, and other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of the silicon photonics market. Moreover, the study highlights current market
trends and provides forecast from 2019-2025. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.