Global Silicon Photonics Market is expected to grow from USD 928.93 Million in 2019 to USD XX Million by 2026, at a CAGR of XX % between 2019 and 2026. (Detailed analysis of the market CAGR is provided in the report)
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Silicon Photonics Market is a technology where silicon is used as a platform for transfer of data in an optical communication system. Modern technologies demand high speed and efficiency as well as low cost, Silicon photonics is the perfect solution for this requirements. With the use of Silicon photonics, it is possible to transmit a huge amount of data with great efficiency and at a cheaper rate. Silicon photonics can carry a large amount of data in less time compared to electrical conductors by means of optical rays.
Growing requirement of high bandwidth and high data transfer capabilities, increased government financial support, technological advancements in transceivers capable of supporting high data speeds, the benefit of low power consumption, compact size, increasing high-speed data transfer and processes, understandable usage of materials, and a surge in data transfer capacity are the major drivers for the Silicon Photonics market. However, component integration into a small circuit, secondary band gap in silicon, and the probability of thermal influence are restraining Silicon Photonics Market growth.
Further key findings from the report:
• Among the application segment, telecommunication application accounted for the largest share of Silicon Photonics Market in 2019 and is expected to dominate the silicon photonics market during the forecast period. Current high-performance data centres are made up of thousands of servers, requiring a large and efficient interconnection network are contributing to the growth of Silicon Photonics Market in the telecommunication application segment
• The Silicon photonics market for APAC is expected to grow at CAGR of 24.56% during the forecast period. Japan is expected to lead silicon photonics market in this region by 2026, however, China and India would also account for the major share of silicon photonics market
• Wavelength Division Multiplexer Filters component holds the largest share in the silicon photonics component market. However, interconnects market is expected to be the market leader by 2026 in terms of components
• Currently, North America accounts for the largest market for silicon optical modulators and wavelength division multiplexer filters. With increased demand for data transfer and government support, North America is attracting companies to invest in silicon photonics market
Research Methodology:
Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Silicon Photonics Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this Silicon Photonics Market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this Silicon Photonics Market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Silicon Photonics Market globally.
Global Silicon Photonics Market, Key Highlights:
• Global Silicon Photonics Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Silicon Photonics Market
• Global Silicon Photonics Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Silicon Photonics Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Silicon Photonics Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Silicon Photonics Market are also profiled.
Key Players in the Market Are: Inquire before buying
• Luxtera
• Intel
• Acacia
• Cisco
• Finisar
• Mellanox
• Globalfoundries
• Hamamatsu
• IBM
• Stmicroelectronics
• Juniper
• Ciena
• Oclaro
• Broadcom Limited
• Neophotonics
• Reflex Photonics
• Bell Labs
• Intel
• Huawei
• Fujitsu
• Oracle Labs
Key Target Audience:
• Silicon photonics product manufacturers and suppliers
• Component and material providers
• Silicon photonics platform developers
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
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