Global Silicon Photonics Market (2018-2023) to Grow at a CAGR of 20.8% – Technological Advancements in Transceivers are Driving Market Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Silicon
Photonics Market by Product (Transceiver, Switch, Variable Optical
Attenuator, Cable, Sensor), Application (Data Center,
Telecommunications, Military & Defense, Medical & Life Sciences,
Sensing), Component & Geography-Global Forecast to 2023"
report has been added to ResearchAndMarkets.com's
offering.

The silicon photonics market is estimated to be worth USD 774.1 Million
in 2018 and is expected to reach USD 1,988.2 Million by 2023, growing at
a CAGR of 20.8% between 2018 and 2023.

This report segments the silicon photonics market on the basis of
products, components, applications, and regions. The silicon photonics
market has been segmented on the basis of products into transceiver,
variable optical attenuator, switch, cable, and sensor. The market for
transceiver is expected to grow at the highest CAGR between 2018 and
2023. Transceivers are used in a variety of applications, such as
high-performance computing, owing to high demand for high-speed data
transmission in data centers. Technological advancements in transceivers
capable of supporting high data speeds are driving the market growth.

APAC is expected to grow at the highest CAGR for the silicon photonics
market during the forecast period. This is due to the increasing use of
internet services in data center and telecommunications applications in
this region. Also, major players have their manufacturing plants in
APAC, fueling the growth of silicon photonics in APAC. The silicon
photonics market in APAC is mainly driven by China as major players have
their production facilities in the country. It is expected that there
will be an increase in the use of silicon photonics transceivers for
telecommunications application due the consistent rise in the use of
smartphones and internet facilities in the country. Expos and
conferences that showcase and promote emerging technologies would help
in the growth of the silicon photonics market in the country.

Market Dynamics

Drivers

• Rising Demand for Silicon Photonics Based Products in Data Centers
• Reduction in Power Consumption With Use of Silicon Photonics Based
  Transceivers
• Growing Requirement of High Bandwidth and High Data Transfer
  Capabilities

Restraints

• Risk of Thermal Effect
• Complexity for Integration of On-Chip Laser

Opportunities

• Growing Government and Stakeholder Funding
• Emerging Applications of Silicon Photonics
• Short-Reach Communication

Challenges

• Component Integration Into a Small Circuit
• Inefficient Electroluminescence

Key Topics Covered:
1 Introduction
2
Research Methodology
3 Executive Summary
4 Premium
Insights
5 Market Overview
6 Silicon Photonics
Market, by Product
7 Silicon Photonics Market, by Component
8
Silicon Photonics Market, by Application
9 Geographic Analysis
10
Competitive Landscape
11 Company Profiles

• Acacia
• Broadcom Limited
• Ciena
• Cisco
• Finisar
• Globalfoundries
• Hamamatsu
• IBM
• Intel
• Juniper
• Lumentum
• Luxtera
• Mellanox
• Neophotonics
• Oclaro
• Ranovus
• Reflex Photonics
• Rockley Photonics
• Sicoya
• STMicroelectronics

For more information about this report visit https://www.researchandmarkets.com/research/3wwcm9/global_silicon?w=4

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Related
Topics: Optoelectronics