PUBLISHER: Inkwood Research | PRODUCT CODE: 1207198
PUBLISHER: Inkwood Research | PRODUCT CODE: 1207198
The China silicon photonics is anticipated to surge with a 15.14% CAGR by the end of the forecasted years, 2022-2030. Various collaborations and joint ventures by leading players are driving investments in the country, which, in turn, is producing lucrative opportunities for market growth.
Silicon photonics has been taking high-performance computing by pushing cloud computing and big data analytics to achieve their full potential by avoiding data traffic in all computing applications and communications. Silicon photonics technology has been designed with single-mode optical fibers to communicate optical signals.
China is one of the largest and fastest-growing silicon photonics markets in the Asia-Pacific region. This growth is primarily because of high-performance computing and data centers that are expected to be one of China's leading applications for silicon photonics. Moreover, several technology giants are planning to have their data centers in the country, providing an excellent opportunity for the silicon photonics market in China. Further, key players in the market are grabbing opportunities by indulging in partnerships, agreements, and acquisitions. Expansions and product development are among a few of the other strategies adopted by companies in this market to strengthen their market position.
Leading companies operating in the market include: STMicroelectronics, NeoPhotonics, MACOM Technology, etc.