Market Research Report
North America Silicon Photonics Market Forecast 2019-2028
|North America Silicon Photonics Market Forecast 2019-2028|
Published: June 30, 2020
Content info: 220 Pages
Delivery time: 2-3 business days
The North America silicon photonics market is evaluated to register a CAGR of 17.19% over the estimated period, 2019-2028. The North America region is presently witnessing the extensive adoption of silicon photonics technology in various areas of application, such as healthcare, data centers, and telecommunication, among others. The presence of several major companies like IBM Corporation, Intel Corporation, Luxtera, among others, and the presence of hyper-scale data centers that can leverage silicon photonics technology are contributing to the growth of silicon photonics in the region.
In order to understand the North America silicon photonics market progression better, the region is studied on the basis of the market prospects of the United States and Canada. In Canada, the significant application of silicon photonics is in the telecommunications industry. The major reason for the growth of the reason for the development of the market is attributed to rapid urbanization in the country. The growth of the Canadian silicon photonics market is supported by the R&D alliance among multinational network equipment suppliers, research institutes, universities, and component companies. The country needed prototyping facilities and packaging facilities, which enable components to be tested in systems and applications fast and efficiently. Nevertheless, the funding and partnerships by eminent players have helped in conquering this hurdle.
Some of the well- established companies operating in the region are Hewlett Packard Enterprise, Enablence Technologies, Intel Corporation, Chiral Photonics, Inc, Molex LLC, etc.
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