• Fri. Sep 25th, 2020

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Technology

Silicon Photonics Market Share Current and Future Industry Trends, 2020-2025

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Sep 11, 2020 (Market Insight Reports) —
Selbyville, Delaware According to the research report titled ‘Silicon Photonics Market Size By Product, By Component, By Application Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report LLC, global silicon photonics market is predicted to expand significantly during 2020-2026.

The widespread applications of silicon photonics across various high-revenue verticals such medical, commercial, data center, and telecommunication are responsible for the rapid growth of global silicon photonics market.

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For the record, silicon photonics is an evolving technology that uses optical rays for data transmission between computer chips. The technology transfers the data into light pulses using with the help of lasers.

The process involves a multiplexer compressing the pulses into a single signal which is sent to a silicon receiver which subsequently divides the signal back into different channels using a de-multiplexer.

Rising integration of silicon-based photonic devices with silicon lasers & amplifiers due to their low cost as well as compact properties is further fostering the expansion of the market.

Additionally, effective implementation of lasers in silicon photonics to enhance processing speed & power of computers along with increasing utilization of optical fibers in order to support faster connections among data centers are further stimulating the market outlook.

Based on the product terrain, the report states that the switch product segment is anticipated to grow substantially over the forecast period, due to rising adoption of the product in data centers for high bisection bandwidth.

With regards to component, the photodetector component is expected to witness considerable growth through 2026. Features such as high efficiency & bandwidth as well as low dark current levels of photodetectors have fueled its adoption rates in photonics integrated circuits, which in turn is driving the growth of the segment.

Moving on to the application spectrum of global silicon photonics market, the others segment accounted for around 5% of the market share in the year 2019, primarily due to increasing R&D activities directed towards integrating silicon photonics in automotive applications.

As per the regional analysis of the report, silicon photonics market in Latin America and Middle East & Africa registered 20% CAGR in 2019 and are expected to be major revenue throughout the forecast period. Rising deployment of 5G infrastructure in the two regions is fostering the expansion of the two markets

The key players of worldwide silicon photonics market include STMicroelectronics, Sicoya GmbH, Ranovus Inc., NeoPhotonics Corporation, Mellanox Technologies Ltd (NVIDIA Corporation), Lumentum Operations LLC, Juniper Networks, Inc., Intel Corporation, IBM Corporation, GlobalFoundries, Cisco Systems, Inc., Ciena Corporation, and Broadcom Inc among others.

Question and Answers: Global Silicon Photonics Market

Q1) Which are the key growth stimulants of global silicon photonics market?

Answer: Factors such as widespread applications of silicon photonics across various high-revenue verticals, rising integration of silicon-based photonic devices with silicon lasers & amplifiers, and effective implementation of lasers in silicon photonics to enhance processing speed & power of computers are augmenting the growth of global silicon photonics market.

Q2) Why is the switch product segment witnessing constant expansion?

Answer: Rising adoption of the switch-based silicon photonics in data centers for high bisection bandwidth is fostering the growth of the switch product segment.

Q3) Which are the key participants of worldwide silicon photonics market?

Answer: The major players operating in worldwide silicon photonics market are Intel Corporation, IBM Corporation, GlobalFoundries, Cisco Systems, Inc., Ciena Corporation, and Broadcom Inc among others.

Complete Report At: https://www.marketstudyreport.com/reports/silicon-photonics-market?utm_source=Marketwatch.com&utm_medium=AN

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