According to the new market research report by IndustryARC titled “Silicon Photonics Market”: By Components (Waveguides, Modulators, Interconnects, LEDs, Photodetectors, Switches, Lasers, Wavelength division multiplexing filters) and By Application (Aerospace & Defense, Healthcare, Telecommunications, Consumer Electronics, Industrial Automation and Others) – With Forecast (2018-2025)“, the market was valued at $72 million in 2017 and is estimated to generate a revenue of $0.95 billion by 2025 at a CAGR of 38.12% during 2018-2025.
America continues to lead the market share and growth during 2018-2025:
Advanced data solutions and communication systems will be the major factors driving the Silicon photonics market in North America. North American solution providers have seen a large scale adoption of cloud-based technologies across industries that will bolster the use of silicon photonics in data centers as they are a more efficient and cost-effective technology. The ongoing silicon uses for developing integrated photonic circuits and the compatibility of silicon photonics technology with the existing fabrication techniques encourages several research institutes and large players in the electronic manufacturing industry to adopt silicon photonics technology. The APAC silicon photonics market is projected to witness fast-growth during the forecast period. High adoption rates and emerging technologies are the key factors contributing to the growth of the market.
Selected Application Analysis was done in the full Report:
Telecommunications held the largest market share in 2017 which is estimated to witness a CAGR of 48.29% during the forecast period. Consumer electronics is projected to witness fast growth between 2017 & 2025, followed by future applications in aerospace and defense. Telecommunications is one of the dominant sectors the silicon chips market. The telecommunications segment was estimated to generate 69% of the revenue for silicon photonics market in 2017, followed by consumer goods. The need for high-speed wireless communication attributed to the growth of the Silicon Photonics market in data center applications globally, making it the fastest growing segment during the forecast period.
Semiconductor Lasers and rapid developments in the fabrication of Integrated Circuits (ICs) have contributed immensely in pushing the market for Electronics and Electrical products. The emergence of these two technologies revolutionized the operating behavior of numerous electrical and electronics products that were significant in bolstering several end-user verticals.
Excerpts on Market Growth Factors Mentioned in the Full Report:
Silicon photonics has been experimented with communication levels, moving beyond network to inter-module, inter-chip, and intra photonic chip.
• High data centers and high-performance computing applications are evolving based on optical waveguide communication rather than optical fibers. Due to the adoption of such novel applications, the market is anticipated to lead towards high growth.
The current requirements of the application of optical wave are confined to single mode transceiver, whereas on analyzing the current data communications scenario, wavelength division multiplexing (WDM) has been the urgent requirement according to data centers.
Transistors have been the fundamental building block for semiconductor businesses, but silicon photonics involves Lasers, Diodes, Modulators, Converters, Couplers, Drivers and Waveguides as the basic building blocks. Also, in terms of materials, silicon has been the foremost choice in the Semiconductor industry, but for Silicon Photonics, a wide variety of raw materials are being utilized such as InP, InGaAs, and Silicon.
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Key players of Silicon Photonics Market:
The industry has witnessed a rise in the number of product launches coupled with fierce price competition. Key players are trying to meet the market demand and profit margins with strategic investments and production flexibility. Intel Corporation, Luxtera Inc. & IBM Corp. are the major companies that filed patents for the Silicon Photonics and their related components. Key players in the market have obtained 1023 patients during the period 2013-2017 and the number of new patents filed is estimated to witness growth in the coming years.
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