In 2015, the global Silicon Photonics Market size was valued at USD 123 million and is predicted to grow due to increasing uses of photonic technology. Silicon photonics has applications in telecommunication and data infrastructure as they have huge impact on energy efficiencies of communication Network. The need of silicon photonics in application areas such as consumer electronics, IT and increasing demand for optical multiplexers, optical attenuators and optical cables will drive the market in forecasted period.
Silicon
photonics technology uses silicon as platform for photonic circuits to create
highly integrated optical communication systems. The key elements of value
chain include raw material suppliers, components manufacturers, Original
equipment manufacturers, distributors and end users.
The
distributors stage consist of channel partners, resellers, direct sales
partners and vendors that are involved with sales and distribution of photonic
systems. Ibsen Photonics A/S of Denmark make efficient use of Distributors
spread across Russia, Singapore, China, India, Taiwan and Israel to meet
Customers evolving requirement.
Optical
component vendor have witnessed massive price reduction in their market. The
manufacturers have incurred loss due to high fabrication cost and low selling
price. Besides, the market is also competitive.
Request Sample Copy of This Market Research @
https://www.millioninsights.com/industry-reports/silicon-photonics-market/request-sample
Component Insights
The
market can be segmented based on use of different components such as Optical
waveguides, lasers, optical modulators, Wavelength-Division multiplexing and
photodetectors. Among these, the WDM segment is expected to dominate the
component arena in terms of size by 2025. WDM filter is used in current
electronics and current fibers.
The
excess use of Internet worldwide, where WDM filter plays vital role will push
the growth in data communication segment.
Product Insights
The
market subdivision on the types of products includes Optical waveguides,
lasers, optical modulators, WDM and photodetectors. In 2015, the Active optical
Cables (AOC) was largest segment in terms of size. The use of AOC enables user
to transfer data at a high rate over a long distance through photonics
technology.
AOC
are cost effective as compared to traditional optical modules and provide
smooth installation for high-performance computing. In terms of CAGR the
optical multiplexer segment can be fastest growing segment from 2016 to 2025.
Application Insights
Based
on applications, the market can be fragmented into IT & telecommunication,
consumer electronics, commercial, defense and security and healthcare &
life science. The IT & telecommunication segment would dominate the
application field in terms of size in 2015.
Increase
in number of smartphones and its penetration is expected to lead to high growth
of Global telecommunication sector over the forecasted period. Technological
advancements in silicon photonics will maximize performance and propel the IT
& telecommunication industry. Commercial application segment will dominate
in terms of CAGR in next seven years.
Regional Insights
Asia
Pacific region is predicted to grow at a highest CAGR from 2016 to 2025. A
strong demand and growth in consumer electronics manufacturers, transportation
network as led to adoption of Silicon photonics technology.
In
2015, North American market dominated industry in terms of revenue. The key
features of silicon photonics product such as low power consumption, small size
and high efficiency are important reasons for adoption of this technology. The
firms are investing in R&D for continuous development of advance photonic
products that will lower the cost of high-speed internet access and will boost
efficiency of Communication networks.
Browse Full Research Report @
https://www.millioninsights.com/industry-reports/silicon-photonics-market
Competitive Insights
Cisco
Systems Inc., Mellanox Technologies, Molex Corporation, Intel Corporation, and
Finisar Corporation are major players in Silicon photonics market. These firms
are striving hard for market share through innovative product launches and
upgraded transmission capabilities.
Avago
technologies, Infinera, OneChip photonics, Luxtera are some identified players
in global silicon photonic market.
Market Segment:
Silicon Photonics Component Outlook
(Revenue, USD Million, 2014 - 2025)
• Optical Waveguides
• Optical Modulators
• Photodetectors
• Wavelength-Division Multiplexing (WDM)
Filters
• Laser
Silicon Photonics Product Outlook
(Revenue, USD Million, 2014 - 2025)
• Transceivers
• Active Optical Cables
• Optical Multiplexers
• Optical Attenuators
• Others
Silicon Photonics Application Outlook
(Revenue, USD Million, 2014 - 2025)
• IT & Telecommunications
• Consumer Electronics
• Healthcare & Life Sciences
• Commercial
• Defense and Security
• Others (Media & Advertising)
Silicon Photonics Regional Outlook
(Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Mexico
• Brazil
• The Middle East & Africa
Read more insights on @
https://latestmarkettrends.news.blog
Get in touch
At Million Insights, we work with the aim
to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: ryan@millioninsights.com
Comments
Post a Comment