In 2022, the global silicon photonics market is expected to be worth approximately US$ 1.3 billion. With the increasing usage of silicon photonic products in a wide range of applications, global demand is expected to expand at a staggering CAGR of more than 26.0% between 2022 and 2032, totaling more than US$ 6 billion by 2032.
In silicon photonics technology, silicon is used as a platform for the photonic circuits to create optical communication system which is highly integrated. The modern trend of miniaturization of electronic devices with increasing requirement for speed and efficiency as well as keeping the cost economical, has led to the increase in demand for the global silicon photonics market.
This has led to the silicon photonics market becoming an interesting avenue globally as it has the advantage of requiring low power consumption, having higher density of interconnects, higher integration and reliability. The global silicon photonics market is anticipated to grow with two digit compound annual growth rate.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-651
Silicon Photonics Market: Drivers & Restraints
The largest market for global silicon photonics market is data communication, as the protocol is providing services which is surpassing optical and copper technologies. The government providing financial support and the growing demand for the transference of data is driving the growth of global silicon photonics market.
Demand for global silicon photonics market is also driven by covering distance or data rates which have not been provided by vertical cavity surface-emitting lasers (VCSELs), providing faster data rates while maintaining low cost. Various constraints for the global silicon photonics market are high cost as the companies have to develop the Computer-aided engineering/Computer-aided design (CAE/CAD) on their own and competition with VCSEL which is available at a low cost.
Silicon Photonics Market: Region-wise Outlook
In terms of region, North America has the highest market for silicon optical modulators and wavelength division multiplexer filters. North America is becoming an attractive destination for the companies to launch the silicon photonics market due to government support and increase in demand for the data transfer but Asia-Pacific has the highest CAGR for global silicon photonics market due to rising population, increase in urbanization and growing demand for data transfer.
Ask An Analyst @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-651
Market Competition
Some of the key participants present in the global silicon photonics market include Infinera, NeoPhotonics, Avago Technologies, Luxtera, Mellanox Technologies, OneChip Photonics, Cisco, Skorpios Technologies, Photline Technologies among others.
These market leaders are always spending in R&D operations in order to introduce innovative goods with efficient features. For example, Ranovus Inc., a major manufacturer of multi-terabit interconnect solutions for data centres and communications networks, will unveil an advanced silicon photonic device in March 2020. Aside from that, they are expanding their global presence through various growth strategies such as partnerships, the establishment of facilities in desirable regions, and collaborations.
Key Segments Profiled in the Silicon Photonics Industry Survey
Products:
- Silicon Optical Modulators
- Wavelength Division Multiplexer Filters
- Silicon Photo-Detectors
- Silicon Photonic Waveguides
- Others (silicon led, silicon optical interconnects etc.)
Application:
- Telecommunications
- Datacom
- High performance Computer (HPC) and Data Centers
- Medical
- Sensing and Instruments
- Defense/Aerospace Industries
- Research and Development
- Others (consumers-connecting PCs with HDTVs and desktop PC devices, commercial video, etc.)
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
Request Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-651
About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
