Silicon Photonics Market to Reach USD 4.7 Billion by 2027 | CAGR 23.6% – Forencis Research

Global Silicon Photonics Market: Key Highlights

• According to the new market research report “Silicon Photonics Market by Component (Optical Waveguides, Optical Modulators, Photodetectors, Wavelength-Division Multiplexing (WDM) Filters and Laser), by Product (Transceivers, Active Optical Cables, Optical Multiplexers, Optical Attenuators and Others), by Application (Data Center, Telecommunications, Sensing, Metrology, Consumer Electronics & Display, Healthcare, High Performance Computing and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Silicon Photonics Market is estimated to reach USD 4.7 Billion by 2027 at a CAGR of around 23.6% during the review period.
• The Silicon photonics technology has the capabilities to use the power of optical networking inside computers and to make a new generation of miniaturized and low-cost photonic components.
• Moreover, the silicon photonics helps to provide reduce error, high density of interconnect, which will lead to boost the growth of the silicon photonics market in the forecast period.

Global Silicon Photonics Market: Key Market Dynamics

• With the growing demand for CMOS-integrated silicon photonics technology in data centers is witness to boost the growth of the market in the forecast period. Whereas, the complementary metal oxide semiconductor (CMOS) integrated silicon photonics provides a compact solution for a fully functional optical engine.
• One of the major key concern of the market is high power consumption of laser device which may hamper the market growth. Whereas, the high power consumption of laser devices, generate infrared beams and carry data through it.
• Deployment of 5G technology, growing demand of silicon photonics in automotive sector as well as the rising demand in telecom and data communication lead to play as key factor for the growth of the market in the projected period.
• The some of the silicon photonics-based devices might have a thermal effect issues which may lead to challenge the performance of the devices.

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Global Silicon Photonics Market: Regional Overview

• North America:

The North America regional is had projected that the tremendous growth with the developments in the remote surgeries, and remote consultation in medical and healthcare sectors. Whereas, the increasing demand for constant and increased network data and information transfer speed are influencing the region silicon photonics market.  Also, the region is projected to be a highly attractive region with rising the advanced technology adoption and support from government in launching silicon photonics products in the region.

• Asia-Pacific:

The Asia-Pacific is projected of play a leading role for the growth and developments of the market in the forecast period. Whereas, rising demand for high-speed Internet networks as well as the penetration of mobile devices in the region will boost the market growth. Moreover, rising growth of the data centers, transport networks, and consumer electronics manufacturers in the regions, is projected to create a key opportunities for the market growth in the region.

Global Silicon Photonics Market: Key Players Overview

• Cisco Systems, Inc.:

The company manufacture, develop and sells networking hardware, software, and telecommunications equipment. Also, the company offers products for transporting data, voice, and video across campuses, and globally. Moreover, in 2019 the company has announced the acquisition of Luxtera, a semiconductor company, which uses silicon photonics to create integrated optics capabilities for webscale and enterprise data centers, as well as for service provider market segments.

• Intel Corporation:

Intel Corporation is an American multinational corporation and Technology Company, which designs, manufactures, and sells computer components. Whereas, silicon photonics allow faster data transfer for a long distances as compared to traditional electronics, while utilizing the efficiencies of Intel’s high-volume silicon manufacturing. Moreover, in 2018 the company had expanded its portfolio of silicon photonic products by diversifying its applications from data centers to network edge. Also, the latest 100G silicon photonic transceivers provides by the company are optimized to meet the bandwidth requests of 5G infrastructure.

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