Silicon Photonics Market 2019 Global Trends, Size, Segments, Competitors Strategy, Regional Analysis, Review, Key Players Profile, Statistics and Growth to 2023
The report on the Global Silicon Photonics Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.
Pune, India – March 28, 2019 /MarketersMedia/ —
Silicon Photonics Market – Overview
The upsurge in the popularity of silicon photonics is majorly dependent on the demand for optical devices. Market reports associated to the semiconductors and electronics industry have been put forward by Market Research Future which generates reports on other industry verticals that target the study of recent market scenarios better. The market is anticipated to achieve USD 1000 Million in revenues while expanding at a 22% CAGR in the forecast period.
The development of the telecom and datacom industry is a major driver of the demand for silicon photonics market. The expansion of the consumer base globally has bolstered the development of the market for silicon photonics. Improvement in foundries or companies that manufacture silicon photonics are expected to motivate the expansion of the market in the forecast period. Furthermore, the evolving applications of silicon photonics such as biomedical, autonomous vehicles, data transfer, telecoms, and artificial intelligence are anticipated to push the market growth in the coming years.
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Segmental Analysis
The segmentation of the silicon photonics market has been carried out on the basis of components, product, application, and region. On the basis of components, the silicon photonics market is segmented into active components and passive components. Based on product, the silicon photonics market is segmented into optical engine and RF Circuit. Based on application, the silicon photonics market is segmented into telecommunications, commercial, data communication, and consumer electronics. The regions covered in the silicon photonics market are Asia Pacific, North America, Europe and the rest of the world.
Key Players
The well-known contenders in the silicon photonics market are Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.) IBM Corporation (U.S.), STMicroelectronics N.V. (Switzerland), Hamamatsu Photonics K.K. (Japan), Finisar Corporation (U.S.), Infinera Corporation (U.S.), Luxtera Inc. (U.S.), Mellanox Technologies Ltd. (U.S.), Das Photonics (Spain), among others.
Detailed Regional Analysis
The region-based analysis of the Silicon Photonics Market covers regions such as Asia Pacific, North America, Europe and the rest of the world. The North American region is likely to be the frontrunner in the silicon photonics market due to the adoption of advanced technologies and government backing. The Asia Pacific region in the silicon photonics market is growing due to the rising population, the surge in urbanization and rising demand for data transfer.
Competitive Analysis
The accretive nature of a few of the assets in the market is projected to increase the progress capability of the market. The market shows an intensified growth pace due to the constructive influence exerted by the market forces from both internally and externally. The absorbed costs in the market are effortlessly dealt with, unlocking more room for expansion in the market. The promotional and miscellaneous expenses are upgraded chiefly due to the advancement of the market. Moreover, the alliances being created in the market are projected to additionally encourage the development of the market in the approaching years. The players are staunchly taking on the obstacles to progress and are building strategies that are expected to lead to a useful effect on the market’s progress. Specific areas in the market are projected to accomplish an absolute lead in the market place owing to improved strategies.
Industry Updates:
March 2019 SiLC Technologies, a silicon photonics-based supplier of integrated 4D vision LiDAR solutions, recently declared initial performance findings for its integrated FMCW LiDAR test chip. The SiLC’s low-energy consumption design, entrenched in SiLC’s strong silicon photonics legacy, influences a coherent detection tactic, similar to what is presently utilized in today’s telecom systems.
Mar 2019 Molex Ventures has lately stated that it will back extra collaboration between silicon photonics expert Elenion Technologies LLC and Molex Optical Solutions Group (OSG). Molex Ventures hinted at further investment but did not disclose the investment’s size. Molex OSG and Elenion are performing together to advance optical products for both datacom and telecom applications.
LIST OF TABLES
TABLE 1 SILICON PHOTONICS MARKET, BY COMPONENTS
TABLE 2 SILICON PHOTONICS MARKET, BY PRODUCT
TABLE 3 SILICON PHOTONICS MARKET, BY APPLICATION
TABLE 4 SILICON PHOTONICS MARKET, BY REGION
TABLE 5 NORTH AMERICA SILICON PHOTONICS MARKET, BY COMPONENTS
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LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 SILICON PHOTONICS MARKET BY COMPONENTS (%)
FIGURE 3 SILICON PHOTONICS MARKET: BY PRODUCT (%)
FIGURE 4 SILICON PHOTONICS MARKET: BY APPLICATION (%)
FIGURE 5 SILICON PHOTONICS MARKET: BY REGION (%)
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Website: https://www.marketresearchfuture.com/reports/silicon-photonics-market-2809
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