According to a new report published by Fortune Business Insights, the global silicon photonics market is expected to experience significant growth in the coming years.
Pune, India, Jan. 09, 2023 (GLOBE NEWSWIRE) — The global silicon photonics market size is projected to grow significantly during forecast year 2022 to 2029 This growth is attributed to factors such as increasing demand for high-speed data transmission Silicon photonics is a technology that uses light to transmit data on silicon chips, instead of using electrons. Silicon photonics technology has the potential to transform the telecommunications and computing industries. Key companies in silicon photonics industry are mainly focusing on the developing new applications and performance improvement with cost-effectiveness of products in order to stay ahead in the competition.
Industrial Developments:
March 2018: Luxtera announced a collaboration with TMSC, a prominent semiconductor foundry. Through this collaboration, the companies aim to set up an enhanced silicon photonics platform.
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Silicon photonics is used to produce optical devices at a cheaper price. It involves the use of standard semiconductor fabrication techniques that are integrated with microelectronic chips. As a result, photonics is being widely used in data transmission with the help of optical rays between microchips. The increasing demand for silicon photonics resulting from the exceptional properties of the product, will have a direct impact on the growth of the market in the coming years. Silicon photonics possess the ability to transmit huge amount of data in less time. They are preferred over electric conductors due to their exceptional properties. The growing incorporation of cloud computation, aimed at reducing bandwidth, coupled with the increasing internet traffic, will have a positive impact on the growth of the market in the foreseeable future.
Drivers & Restraints-
Increasing Company Collaborations Have Yielded Newer Products, Subsequently Aiding Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of company collaborations will have a direct impact on the growth of the market. In March 2018, Luxtera announced a collaboration with TSMC to introduce an enhanced optical performance. The merger helped set up a unique silicon photonic platform and helped serve cloud, 5G mobile infrastructure, and hyper scale customers with high performance and low cost optical transceivers. The report includes major company collaborations, similar to this and gauges their impact on the global market.
COVID-19 Impact –
COVID-19 had a Potential Impact On Market
This market is expected to be negatively affected during the COVID-19 pandemic because of severe supply chain restrictions. The sudden spike in COVID patients led to the adoption of stringent lockdown norms, thereby negatively affecting the market’s development. The restrictions on transport, declining automotive sales, and the lack of raw materials led to severe disruptions in the supply chain. Further, manufacturing restraints negatively affected manufacturers’ revenue generation. These factors may propel market development during the pandemic.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/silicon-photonics-market-101438
Silicon Photonics Market Segmentation:
By Components
Active
Passive
By Product
Transceivers
Active Optical Cables
Optical Multiplexers
Variable Optical Attenuators
Optical Engines
RF Circuits
By End-User
Healthcare
Consumer Electronics
Defense
Telecom
Data Communication
Others
By Geography
North America (USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico and Rest of Latin America)
What is Report About?
The report provides an in-depth analysis of the global silicon photonics market. It summarizes the competitive landscape in detail and predicts companies that are likely to emerge leading in the coming years. It highlights key aspects of the market and focuses on factors such as leading product types and major companies. The report provides forecast values for the market for the period of 2019-2026. These values have been evaluated on the basis of extensive research analysis methods. Factual figures have been obtained through trusted sources. Predictions have been made on the basis of interviews and opinions of world leaders and experienced market research professional. Additionally, the report encompasses several factors that have constituted an increase in the knee replacement market size in recent years.
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Regional Analysis:
North America to Lead the Market, Early Adoption of Advanced Technologies to Aid Growth
The market is segmented on the basis of regional demographics into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America will witness high growth in the coming years due to the early adoption of newer and advanced technologies in this region. The increasing number of silicon optical modulator manufacturers and presence of numerous wavelength division multiplexer filters. Asia Pacific is projected to witness the highest CAGR in the coming years due to the growing usage of internet facilities in telecommunications and data centre applications in this region.
Some of the Leading Companies Profiled in the Market:
Intel Corporation
IBM Corporation
OneChip Photonics Inc.
Cisco Systems, Inc.
Mellanox Technologies, Inc.
Luxtera, Inc., Oracle Corporation
Hamamatsu Photonics K.K.
NeoPhotonics Corporation
Table of Content:
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1 Key Industry Developments – Merger, Acquisitions, and Partnerships
4.2 Distribution Analysis
4.3 Porter’s Five Forces Analysis
4.4 PEST Analysis
4.5 Technological Developments
4.6 Impact of COVID-19
Continued…
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