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.
Contact
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