Market Research Report
Asia Pacific Silicon Photonics Market Forecast 2019-2028
|Asia Pacific Silicon Photonics Market Forecast 2019-2028|
Published: June 30, 2020
Content info: 227 Pages
Delivery time: 2-3 business days
The Asia Pacific silicon photonics market is estimated to register growth at a CAGR of 19.38% over the projected period, 2019-2028. The Asia Pacific is becoming a hub for the data center market, owing to the need for data in the region, and this trend is influencing the market growth in the region.
The analysis of the Asia Pacific silicon photonics market growth entails the assessment of Australia & New Zealand, Vietnam, South Korea, India, Indonesia, Japan, Thailand, China, and the rest of Asia Pacific that includes Bangladesh, Singapore, Sri Lanka, and others. Indonesia is in an infant stage of digitization. However, the data center industry is developing, and is expected to grow further due to the increasing number of data centers, the entrance of global data center companies, the rise in the demand for local data centers, and the additional services provided by the companies, such as data recovery, cloud services, cross-connect, security services, and others. Thailand is one of the ICT infrastructure development leaders, and silicon photonics can become a beneficial technology. In mobile networks, photonic networking is considered a major technology for both front haul and backhaul applications.
In Vietnam, the ICT industry is still in its nascent stage. Vietnam is giving 5G test licenses to mobile operators to launch commercial networks in 2020. In Australia & New Zealand, government regulations have driven telecommunication development. Industry 4.0 technologies are creating a major market opportunity. In the rest of Asia Pacific, the growth of the market can be ascribed to the developing telecommunications, manufacturing, and consumer electronics industry.
Some of the prominent companies operating in the region are Hamamatsu Photonics KK, ADVA Optical Networking, Hewlett Packard Enterprise, II-VI Incorporated, Intel Corporation, etc.
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