Market Research Report
Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical & Life Sciences, Sensing), Component, & Geography - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||172813|
|Published||Content info||162 Pages
|Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical & Life Sciences, Sensing), Component, & Geography - Global Forecast to 2023|
|Published: February 27, 2018||Content info: 162 Pages||
The silicon photonics market is expected to be valued at USD 774.1 million in 2018 and is expected to reach USD 1,988.2 million by 2023, at a CAGR of 20.8% between 2018 and 2023. Rising demand for silicon photonics in data centers and the growing requirement of high bandwidth and high data transfer capabilities are the key factors contributing to the growth of the silicon photonics market. The risk of thermal effect remains to be a major restraint affecting the growth of the silicon photonics market.
The silicon photonics market for transceivers is expected to grow at the highest CAGR between 2018 and 2023. Transceivers are used in a variety of applications, such as high-performance computing, owing to high demand for high-speed data transmission in data centers. Many tier 1 players are entering into this market-for instance, Intel (US) started its research in silicon photonics in the last decade and launched its first 10 Gbps product in partnership with Luxtera. Further, in May 2017, Intel launched 100G CWDM4 and QSFP28 optical transceiver that has higher bandwidth capabilities and can support speeds up to 100 Gbps.
Data center and high-performance computing held the largest share of the silicon photonics market in 2017. Data centers are experiencing an exponential increase in data traffic due to the rise of cloud computing and several emerging web applications. To manage this network load, large data centers are required with thousands of servers interconnected with high-bandwidth switches.
The silicon photonics market in APAC is expected to grow at the highest CAGR between 2018 and 2023. China, Japan, and South Korea are the major contributors to the market in APAC. The increasing requirement of high-speed data communication and the increasing focus of international and domestic IT companies on big data analytics and cloud-based services in the region would fuel the growth of the silicon photonics market. Increasing investments toward the development of silicon photonics products, and domestic players on the silicon photonics market, and increasing R&D activities in the region also fuel the market growth.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across regions. The breakup of the profiles of primary participants has been given below:
Major players in the silicon photonics market are: Acacia (Switzerland), Luxtera (US), Intel (US), Cisco (US), Mellanox (Israel/US), Finisar (US), STMicroelectronics (Switzerland), Hamamatsu (Japan), IBM (US), Juniper (US), GlobalFoundries (US), Broadcom (US), Oclaro (US), Neophotonics (US), and Ciena (US).
The report defines, describes, and forecasts the silicon photonics market on the basis of products, components, applications, and regions. It provides detailed information regarding major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the silicon photonics market. It also analyzes competitive developments such as product launches and developments, collaborations, agreements, contracts, partnerships, acquisitions, and expansions carried out by the key players to achieve growth in the market.
*Details on Business overview, Products offered, Recent developments, SWOT analysis & MnM View might not be captured in case of unlisted companies.