The silicon photonics market is projected to grow from USD 1.0 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 23.4%
NEW YORK, June 16, 2020 /PRNewswire/ --
Silicon photonics market to exhibit significant growth during 2020–2025
The silicon photonics market is projected to grow from USD 1.0 billion in 2020 to USD 3.0 billion by 2025, at a CAGR of 23.4%. Factors accelerating the growth of the silicon photonics market are the rising demand for CMOS-integrated silicon photonics technology in data centers, the growing focus on reducing power consumption using silicon photonic transceivers, the increasing requirement for high bandwidth and high data transfer capabilities, and the surging demand for high-speed broadband services. Increasing government and stakeholder funding, growing deployment of 5G networks, emerging applications of silicon photonics, and surging utilization of silicon photonics technology in short-reach communication provide lucrative opportunities to the silicon photonics market.
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Silicon photonic transceivers expected to lead market during forecast period"
Silicon photonic transceivers are expected to lead the silicon photonics market during 2020–2025, primarily due to the reduced power consumption and high integration density of these transceivers, which enable high-speed data transmission.Further, these transceivers can be upgraded to handle higher capacity bandwidth, thereby enabling optical modules to handle the data center network speed of up to 100 Gbps, 400 Gbps, and beyond.
Additionally, the growing adoption of silicon photonic transceivers in data centers is another primary factor for the leading position of these transceivers in the silicon photonics market during the forecast period. For instance, Alibaba Cloud will be using 400G DR4 optical transceivers to support its next-generation data center network.
Laser components are expected to witness highest growth rate during forecast period
Hybrid silicon lasers (silicon and group III-V semiconductor) are used to overcome mass-production issues in silicon lasers.The hybrid approach takes advantage of the light-emitting properties of III-V semiconductor materials combined with the process maturity of silicon to fabricate electrically driven lasers on a silicon wafer that can be integrated into other silicon photonic devices.
Intel is working on hybrid silicon lasers with indium phosphide-based materials and other compound semiconductor materials.
APAC to be fastest-growing market for silicon photonics during forecast period
The market in APAC has been segmented into China, Japan, South Korea, and Rest of APAC.The market in Rest of APAC mainly includes Australia, New Zealand, India, Singapore, Malaysia, the Philippines, and Taiwan.
China, Japan, and South Korea are the major contributors to the market. Growing population, increasing investments toward the development of silicon photonic products, rising focus of international and domestic players on the development of modern silicon photonic products, and increasing R&D activities to increase the data transmission rate in the region also fuel market growth.
Break-up of primary participants' profiles:
• By Company Type – Tier 1– 53%, Tier 2– 28%, and Tier 3 – 19%
• By Designation – C-level Executives – 27%, Directors – 46%, and Others – 27%
• By Region – North America – 38%, Europe – 24%, APAC – 30%, and RoW – 8%
The key players in the market include CISCO (US), Intel (US), MACOM (US), GlobalFoundries (US), NeoPhotonics (US), InPhi (US), Mellanox (US), II-VI Incorporated (US), and Rockley Photonics (US).
The global silicon photonics market has been segmented on the basis of products, components, applications, and geographies.Based on products, the market has been segmented into transceivers, variable optical attenuators, switches, cables, and sensors.
Based on the component, the silicon photonics market has been classified into lasers, modulators, photo detectors.The report covers 5 types of applications: data center and high-performance computing; telecommunication; military, defense, and aerospace; medical and life science; and sensing.
The report covers 4 major geographic regions: North America, Europe, APAC, and RoW.
Reasons to buy the report:
• Illustrative segmentation, analysis, and forecast for the market based on products, components, applications, and geography have been conducted to give an overall view of the silicon photonics market.
• COVID-19 impact analysis has been performed to provide an in-depth insight into the silicon photonics market.
• Major drivers, restraints, opportunities, and challenges for the silicon photonics market have been detailed in this report.
• The report includes a detailed competitive landscape, along with key players, in-depth analysis, and revenues of key players.
Read the full report: https://www.reportlinker.com/p03951828/?utm_source=PRN
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