Press Release

Transceiver to Dominate Silicon Photonics Market Through 2025

Increasing applications of cloud computing and growing demand for high speed internet across the globe to drive global silicon photonics market until 2025

According to TechSci Research report, Global Silicon Photonics Market By Component, By Product, By Material, By End User, By Region, Competition, Forecast & Opportunities, 2025, the global silicon photonics market is predicted to grow at a double digit CAGR during the forecast period on account of growing demand for high speed data transfer in various end use industries such as IT & telecom, consumer electronics, healthcare, among others.

Silicon photonics makes use of optical rays for the transfer of data among computer chips. Since, optical fiber can overcome the limitations of copper cable regarding data transfer speed, therefore, the technology is projected to gain prominence during the next five years. Growing adoption of cloud computing is also contributing to the increased demand for managing generated data traffic, consequently, driving the demand for data centers globally. Data centers are readily adopting silicon photonics technology as the technology offers higher bandwidth and high-speed data transfer capabilities.

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Silicon photonics market, globally, can be segmented based on component, product, material, end user and region. Based on product, transceiver is the leading segment in the market as they consume low power and are compact in size, therefore, are preferred for use in high speed optical communication systems. In terms of regional share, Asia-Pacific silicon photonics market is predicted to grow at the highest CAGR in the coming years on the back of massive base of internet users in countries such as India, China, Japan, etc. Governments in developing economies of the region are introducing favorable policies so that new companies can set up their bases in the region.

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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 are the leading players operating in global silicon photonics market.

“Of all the end user industries, the IT & telecom accounts for the largest share in silicon photonics market as the data centers in the industry are focusing on increasing their data transfer rate significantly and therefore, are replacing copper with optical fiber. Moreover, integration of CMOS with silicon photonics is required for delivering high performance in data centers, which is further anticipated to increase the contribution of IT & telecom towards boosting the demand for silicon photonics through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Global Silicon Photonics Market By Component, By Product, By Material, By End User, By Region, Competition, Forecast & Opportunities, 2025 has evaluated the future growth potential of global silicon photonics market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global silicon photonics market.

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