Owing to the huge requirement of advanced data solution, the silicone photonic market size is gaining traction globally. Additionally, the growing requirement of high-speed data transfer and data transfer capacity is augmenting the demand for silicon photonics. The analyst of IndustryARC has valued the global Silicon Photonics Market at $774.15 million as of 2018, and the demand is projected to grow substantially at a compound annual growth rate (CAGR) of 20.90% during the forecast period of 2019 to 2025. This report covers Silicon Photonics Market Size by types Product and applications, Silicon Photonics Market share by top 5 companies and also the market share by start-ups during the forecast period.
Global Silicon Photonics Market: Demand Analysis
Silicon photonics is an evolving technology that transfers the data by optical rays and is mostly used by the most fiber optic telecommunication systems. The silicon that is on the topmost layer of silica is known as silicon on insulator (SOI). The propagation of light through silicon is managed by two-photon absorption. Many electronics manufacturers such as IBM and Intel have been doing research on silicone photonic for a decade.
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Global Silicon Photonics Market: Leading Segments
North America dominates the global silicon photonics market owing to higher usage of standard semiconductor fabrication by the consumers. Due to this, the demand for complementary metal oxide semiconductor (CMOS) trend has increased the demand for silicon photonics. North America contributed the largest demand share of 29.24% in 2018. The investment in entrepreneurship in North America has had a huge impact on the growth and the development in the silicon photonics market.
The perceptible increase in the demand for low-cost optoelectronic solutions from telecommunication has led to an increase in the silicon photonics market revenue in North America. However, with the sustained growth, the application CAGR of silicon photonics market in data centers is 28.37% during the forecast period of 2019 to 2025. The need for high-speed connectivity is driving growth for data center traffic between servers and switches.
Global Silicon Photonics Market: Disruptive Trends and Growth Drivers
Intel in 2017 had initiated an approach towards silicon photonics that all the functionalities need for 100G transmitter that can be integrated on a single silicon die. This was possible by the unique hybrid laser and resulted in the most significant way in the product cost and manufacturability.
In future 5G will drive capacity and speed to the users with a significant reduction in latency, such a speed will roughly be twice as fast as 4G, which will eventually, make real-time interactions easier by people that are only just imagined.
According to IBM, it is assumed that Internet of Everything (IoE) applications will continue to be stored, propagated and managed increasingly through data centers. The substantial growth in big data and analytics tools will continue to have strategic and tactical decision-making practices.
There has been immense growth in high-bandwidth that the data centers have adopted. The large scale data centers have started to adopt optical transmission technologies. Due to this, the trend for onboard silicone photonics with 2.5D integration is being increasingly adopted. This has positively impacted the silicon photonics market.
Coherent transceivers have evolved in recent times in the silicon photonics market from LiNbO3 (lithium niobate) and GaAs (gallium arsenide) modulators with InP (indium phosphide) and silica PLC (planar lightwave circuit) to single-chip silicon photonics.
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Global Silicon Photonics Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global silicon photonics market are Acacia, Luxtera, Intel, Cisco, Mellanox, Finisar, STMicroelectronics, Hamamatsu, IBM, Juniper, GlobalFoundries, Broadcom, Oclaro, NeoPhotonics, and Ciena.
A. Silicon Photonics Market
B. Photonic Integrated Circuit (IC) and Quantum Computing Market
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