Market Research Report
Global Silicon Photonics Market By Component, By Product, By Material, By End User, By Region, Competition, Forecast & Opportunities, 2026
|Global Silicon Photonics Market By Component, By Product, By Material, By End User, By Region, Competition, Forecast & Opportunities, 2026|
Published: September 1, 2021
Content info: 113 Pages
Delivery time: 2-3 business days
Global silicon photonics market is projected to grow at a double-digit CAGR during the forecast period. Broadcasting and live streaming requires high speed internet connection and optical cables, that can transfer information or data in reduced time when compared with counterparts like conductors, etc., driving the demand for silicon photonics market. Silicon photonics makes use of optical rays for transmission of data among computer chips. Higher bandwidth is the major reason for the growing adoption of silicon photonics across the globe.
The global silicon photonics market is segmented based on component, product, material, end user, region and company. Growing use of cloud computing is generating large amounts of data in data centers and hence, IT & telecom sector is witnessing high demand for the silicon photonics-based components. Also, silicon photonics is energy efficient and provides high speed performance so other industries are also switching to the use of this technology. In terms of product, transceiver is expected to lead the market as it finds usage in end user industries such as healthcare, IT & telecom, among others. Also, the device consumes less power and is compact in size, therefore, can be easily integrated into various systems.
Based on geography, North America dominated the global silicon photonics market in 2020. On account of increasing demand for high speed internet connection, companies have set up their centers in the countries such as US and Canada.
Major companies operating in the global silicon photonics market include Intel Corporation, Luxtera Inc. (Subsidiary of Cisco Systems, Inc.), Acacia Communications, Inc., Infinera Corporation, IBM Corporation, Finisar Corporation, STMicroelectronics N.V., Fujitsu Ltd., OneChip Photonics Inc., NeoPhotonics Corporation, among others. The companies operating in the market are using organic strategies to increase their share. For instance, Cisco Systems acquired Luxtera in 2020, in order to offer optic capabilities for service providers, data centers and other companies.
Years considered for this report:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturing companies which could not be identified due to the limitations of secondary research. TechSci Research analyzed the silicon photonics component manufacturing companies and presence of all major players across the globe.
TechSci Research calculated global silicon photonics market size using a bottom-up approach, where data for various end user industries and its application across various product types was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and components for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as silicon photonics component manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global silicon photonics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in global silicon photonics market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: