PUBLISHER: Inkwood Research | PRODUCT CODE: 1207197
PUBLISHER: Inkwood Research | PRODUCT CODE: 1207197
The North America silicon photonics market is expected to project a CAGR of 17.48% during the forecast period, 2023-2032. The presence of hyper-scale data centers that can leverage silicon photonics technology boosts the growth opportunities of the analyzed market.
Canada and the United States are assessed for the North America silicon photonics market growth evaluation. In Canada, the primary application of photonics is in the telecommunications industry. The Canada silicon photonics market growth is attributed to the fast-paced urbanization and the growing demand for cost-effective data transfer equipment and high-speed data connectivity. Also, the silicon photonics industry in Canada is backed by R&D collaborations among multinational network equipment suppliers, component companies, research institutes and universities. Besides, the country lacked the prototyping and packaging facilities that facilitate components to be tested in systems and applications swiftly and efficiently. However, collaborations and investments by key players have aided in tackling this challenge.
Furthermore, the North America silicon photonics market growth is accredited to the presence of several research and development establishments and key market players. Additionally, technological advancements are projected to increase the growth opportunities for the silicon photonics market.
Some of the eminent companies in the market include: Intel, Inphi, II-VI, Global Foundries, Cisco Systems, etc.