The global silicon photonics market will derive growth from exceptional product properties. According to a report by Fortune Business Insights, titled “Silicon Photonics Market Size, Share & Industry Analysis, By Components (Active, Passive), By Product (Transceivers, Active Optical Cables, Optical Multiplexers, Variable Optical Attenuators, Optical Engines, RF Circuits), By End-User (Healthcare, Consumer Electronics, Defense, Telecom, Data Communication, Others) and Regional Forecast, 2019-2026,” the market will derive growth from the increasing number of company mergers.
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Some of the leading companies that are operating in the market are:
- Intel Corporation
- IBM Corporation
- OneChip Photonics Inc.
- Cisco Systems, Inc.
- Mellanox Technologies, Inc.
- Luxtera, Inc., Oracle Corporation
- Hamamatsu Photonics K.K.
- NeoPhotonics Corporation
Key Industry Developments:
March 2018: Luxtera announced a collaboration with TMSC, a prominent semiconductor foundry. Through this collaboration, the companies aim to set up an enhanced silicon photonics platform.
Silicon photonics is used to produce optical devices at a cheaper price. It involves the use of standard semiconductor fabrication techniques that are integrated with microelectronic chips. As a result, photonics is being widely used in data transmission with the help of optical rays between microchips. The increasing demand for silicon photonics resulting from the exceptional properties of the product will have a direct impact on the growth of the market in the coming years. Silicon photonics possess the ability to transmit a huge amount of data in less time. They are preferred over electric conductors due to their exceptional properties. The growing incorporation of cloud computation, aimed at reducing bandwidth, coupled with the increasing internet traffic, will have a positive impact on the growth of the market in the foreseeable future.
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The report provides an in-depth analysis of the global silicon photonics market. It summarizes the competitive landscape in detail and predicts companies that are likely to emerge leading in the coming years. It highlights key aspects of the market and focuses on factors such as leading product types and major companies. The report provides forecast values for the market for the period of 2019-2026. These values have been evaluated on the basis of extensive research analysis methods. Factual figures have been obtained through trusted sources. Predictions have been made on the basis of interviews and opinions of world leaders and experienced market research professionals. Additionally, the report encompasses several factors that have constituted an increase in the knee replacement market size in recent years.
Increasing Company Collaborations Have Yielded Newer Products, Subsequently Aiding Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company collaborations will have a direct impact on the growth of the market. In March 2018, Luxtera announced a collaboration with TSMC to introduce an enhanced optical performance. The merger helped set up a unique silicon photonic platform and helped serve cloud, 5G mobile infrastructure, and hyper-scale customers with high performance and low-cost optical transceivers. The report includes major company collaborations, similar to this and gauges their impact on the global market.
North America to Lead the Market, Early Adoption of Advanced Technologies to Aid Growth
The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America will witness high growth in the coming years due to the early adoption of newer and advanced technologies in this region. The increasing number of silicon optical modulator manufacturers and the presence of numerous wavelength division multiplexer filters. Asia Pacific is projected to witness the highest CAGR in the coming years due to the growing usage of internet facilities in telecommunications and data center applications in this region.
Key Market Driver –
- The Increasing data center traffic across the world and the need for lower power consumption across telecommunications and other applications.
- The increasing need for a higher transfer rate of data among many manufacturers to improve the processing and computational capabilities of data centers.
Key Market Restraint –
- High power consumption of laser devices that generate infrared beams and carry data through it.
The discovery of new oil wells is likely to fuel demand in the global market. Moreover, clinical studies taking place to increase the productivity of existing wells is expected to drive the market.
On the flip side, high costs associated with machinery and lack of skilled professionals are certain factors that may hamper the growth in the global Silicon Photonics market.
Major Segments Includes:
- By Components
- By Product
- By End User
- By Geography
Major Table of Content For Silicon Photonics Market:
- Executive Summary
- Market Dynamics
- Key Insights
- Global Silicon Photonics Market Analysis, Insights and Forecast, 2026
- North America Silicon Photonics Market Analysis, Insights and Forecast, 2026
- Europe Silicon Photonics Market Analysis, Insights and Forecast, 2026
- Asia Pacific Silicon Photonics Market Analysis, Insights and Forecast, 2026
- Middle East and Africa Silicon Photonics Market Analysis, Insights and Forecast, 2026
- Latin America Silicon Photonics Market Analysis, Insights and Forecast, 2026
- Competitive Landscape
- Company Profile
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