Market Research Report
Silicon Photonics - Global Market Outlook (2019-2027)
|Silicon Photonics - Global Market Outlook (2019-2027)|
Published: September 1, 2020
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Silicon Photonics Market is accounted for $0.80 billion in 2019 and is expected to reach $3.77 billion by 2027 growing at a CAGR of 21.4% during the forecast period. Some of the key factors propelling the growth of the market are increasing demand for high-speed broadband services, deployment of 5G technologies in developing nations, and growing demand for CMOS-integrated silicon photonics technology. However, the risk of thermal effect is the restraining factor for the growth of the market.
Silicon photonic devices contain optical systems that use silicon as the optical medium. Since silicon is used as a substrate for most ICs, it is easily possible to manufacture hybrid devices in which electronic as well as the optic components are integrated on a single microchip. They are increasingly used in data transfer between microchips, through optical rays. Moreover, they are capable of carrying a large amount of data in a short time as compared to the electrical conductors.
By application, the IT and telecommunication segment is expected to grow at a significant market share during the forecast period because of the growing demand for smartphone products and the need for maximizing the performance of existing fixed and mobile infrastructures. Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period owing to the strong growth in the data centres, long haul & transport networks, and presence of consumer electronics manufacturers.
Some of the key players in Silicon Photonics Market include Intel, Cisco, IBM, Globalfoundries, STMicroelectronics, Rockley Photonics, Inphi, Mellanox, Ranovus, Neophotonics, Lumentum, Broadcom, Ii-Vi Incorporated, Macom, and Sicoya.
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.