The Global Silicon Photonics Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Silicon Photonics Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
The rapid growth in the usage of smartphones and internet services has led to the increased use of Silicon Photonics transceivers for telecommunications applications and is anticipated to fuel demand in the market for Silicon Photonics. The government's influence on the population to shift towards e-banking and internet-based money banking is also expected to drive the Silicon Photonics market. Besides, characteristics such as low environmental impact, high interconnectivity capacity, low operating costs, low failure rate, and spectral performance are expected to propel the Silicon Photonics market demand.
The introduction of 5G technology and growing demand for bandwidth will provide an option for corporations to expand their RD initiatives in the photonics sector.
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Key participants include IBM Corporation, Cisco Systems Inc., AIO Core Co. Ltd, Intel Corporation, Infinera Corporation, Mellanox Technologies Ltd, IPG Photonics Corporation, NKT Photonics, STMicroelectronics NV, and Hamamatsu Photonics K.K. among others.
Key Points of Silicon Photonics Market:
- Extensive coverage of the analysis of the Silicon Photonics market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Silicon Photonics market
- Complete data about the key manufacturers and vendors in the Silicon Photonics market
The laser segment is expected to dominate the market with a significant share of 33.7% over the forecast timeframe due to the increasing development of tunable lasers and hybrid silicon. The waveguide segment is projected to grow substantially owing to the wise use of this component in the telecommunication sector.
Emergen Research has segmented the global Silicon Photonics Market on the basis of product, component, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Sensors
- Switches
- Transceivers
- Optical Attenuators
- Optical Cable
Component Outlook (Revenue, USD Billion; 2017-2027)
Photodetector
Modulator
Laser
Waveguides
Filter
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Consumer Electronics
Healthcare
Telecommunication IT
Defense
Others
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