Silicon Photonics Market | Global Market Forecast Report 2019-2027

Global Silicon Photonics Market Forecast 2019-2027

Agenda

Key Findings Market Insights

Regional Insights

Competitive Insights

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Key Findings • Silicon photonics is the innovative study and application of photonic systems for generating, processing, manipulating and further employing light rays for faster data transmission both between and within microchips.

• The global silicon photonics market is expected to grow at a CAGR of 19.70% between the forecast periods of 2017-2025.

• The revenue generated by the global market is predicted to increase from $XX million in 2018 to $XX million by 2027.

• Low power consumption, compact size, lower cost, high-speed data transfer and processing and a surge in data transfer capacity are some of the major drivers for this market.

Market Insights • The market is segmented on the basis of components, products and application. The components can be further classified into silicon photonic waveguides, optical modulators and silicon optical interconnects.

• By product type, the market constitutes of silicon optical transceivers, silicon optical switches, silicon photonic IC, silicon photonic sensors and silicon photonic photovoltaic cells/solar cells.

• The optical switcher market had the largest market share of xx% in 2018 whereas it is the solar cells market which is expected to grow rapidly at an anticipated CAGR of xx%. At present, silicon photonics is widely applied in the telecommunication field.

• Thus, the telecommunication application is anticipated to dominate the silicon photonics market.

• The Sensing market application is also expected to grow at a CAGR of xx% during the forecast period, but it is the spectroscopy application which is predicted to exhibit the fastest growth in the coming years.

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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

The Global Silicon Photonics Market is estimated to grow with 19.70% CAGR during the forecasting years of 2019-2027.

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The North America Silicon Photonics Market is anticipated to grow at 17.77% CAGR during the forecasting years of 2019-2027.

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The Europe Silicon Photonics Market is estimated to grow with 19.33% CAGR during the forecasting years 2019-2027.

The Asia Pacific Silicon Photonics Market is expected to grow at the fastest CAGR of 22.74% over the forecasting period of 2019-2027.

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Competitive Insights The leading global companies in the silicon photonics industry use organic and inorganic strategies for growth. For instance, in November 2018, II-VI Incorporated, a global leader in engineered materials and optoelectronic components, and Finisar Corporation, another global technology leader in optical communications, entered into a definitive merger agreement under which II-VI will acquire Finisar in a cash and stock transaction with an equity value of approximately $XX billion.

Similarly, other pioneer company who are diving into this market are Okmetic Oy, STMicroelectronics N.V, Mellanox Technologies, ADVA Optical Networking Se, Chiral Photonics Inc., Enablence Technologies Inc., Hamamatsu Photonics K.K., Finisar Corporation, Hewlett-Packard Co., Intel Corporation, Cisco Systems, Inc., Infinera Corporation, Ltd. Molex LLC and Neophotonics Corporation.