The Global Silicon Photonics Market is growing rapidly mainly due to its augmented uses in the optic devices used for transmitting the data in the form of electrical signals. The burgeoning industries like telecom industries that use technologies, such as computer networking, broadcasting, medical scanning, and military equipment etc. The augmented uptake of Silicon Photonics in Telecom and Data management (internet Service providing companies) predominantly drive the market growth.
After witnessing a thriving success by 2016; Silicon Photonics market is proceeding further towards marking the indelible heights, fulfilling the augmented demands for smarter and compact devices that can perform reliably at a reasonable or lesser cost. Therefore, growing Electronics industry that has changed the way consumers live and run their businesses, has also provided impetus to the market growth to an extent.
Considering the rapid market expansion, & the growth potential Silicon Photonics holds, Market Research Future recently published an in-depth study report, giving out the complete market insights for the period 2017 – 2023. In its analysis MRFR asserts that the global Silicon Photonics market is forecasted to grow to USD 1000 Million by 2023, registering a staggering 22% of a CAGR during the review period.
Burgeoning advancement of technology, demand for the efficient consumer electronic products, changing trends and high adoption automation into the manufacturing process are some of the key drivers for the market growth. The thriving success of Silicon Photonics Market attributes to the rising investments and expenditures transpired in the development of new products; the market will continue with the comprehensive growth rate in the coming years.
On the other hand, factors such as changing the technological environment, government rules towards the use of eco-friendly products and e-wastage along with the fluctuations in exchange rates and volatility in the market is projected to hinder the market growth of Silicon Photonics during the forecast period. Nevertheless, increasing usage of consumer electronic products such as smartphones and tablets are increasing the demand for Silicon Photonics, in turn, driving the market growth.
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Major Key Players:
Cisco Systems, Inc. (US), Infinera Corporation (US), Intel Corporation (US) Mellanox Technologies Ltd. (US), IBM Corporation (US), Hamamatsu Photonics K.K. (Japan), Finisar Corporation (US), STMicroelectronics N.V. (Switzerland), Luxtera Inc. (US), and Das Photonics (Spain) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Silicon Photonics Market.
Global Silicon Photonics Market Competitive Analysis:
The Silicon Photonicsmarket is fiercely competitive with the presence of several large and small players operating in the market. Growth in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for the global players. Market players are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets.
Industry/ Innovation/ Related News:
April 06, 2018 – Leti (CEA-Leti, France) World’s largest research institute for electronics and information technologies announced the availability of its silicon photonics process design kit (PDK) for photonic circuits in the Synopsys PhoeniX OptoDesigner suite.
April 05, 2018 – Molex Ventures LLC. (Molex Electronic Technologies, LLC, US) announced a strategic partnership, investment & collaboration of its subsidiary – the Molex Optical Solutions Group (OSG) with a semiconductor company, working on silicon photonics technology – Elenion Technologies (US). The duo will be jointly working on developing, manufacturing, and promoting the silicon photonic-based product solutions. The companies will develop advanced interconnect solutions that scale to 400 Gbps and beyond, using the CMOS and high-volume manufacturing processes.
March 2018 – GlobalFoundries (US) a semiconductor foundry, announced new details of its silicon photonics roadmap to enable the next generation of optical interconnects for datacentre and cloud applications.
Global Silicon Photonics Market Segments:
The Silicon Photonics market can be segmented into 4 key dynamics for the convenience of the report and enhanced understanding;
By Components: Comprising Active Components & Passive Components.
By Products: Active Optical Cables, Transceivers, Optical Multiplexers, Optical Engines, Variable Optical Attenuators, and RF Circuits among others.
By Application: Telecommunication, Consumer Electronics, Data Communication, Medical Commercial, Life Science, and Defence among others
By Regions: North America, Europe, APAC and Rest of the World.
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Silicon Photonics Market Regional Analysis:
Globally, North America region dominates the Silicon Photonics market with the largest market share. Owing to the growing telecommunication and IT industry, augmenting demand for the data transfer coupled with the larger uptake of advanced technologies & government support, the region is expected to continue with its dominance over the forecast period.
On the other hand, Asia-Pacific, the second largest market for the Silicon Photonics globally, is growing due to the growing demand for the data transfer with the growing population & urbanization. Moreover, burgeoning manufacturing industry coupled with the presence of major semiconductor manufacturing companies gives Asia-Pacific a competitive advantage over other regions.
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