DUBLIN, December 08, 2021--(BUSINESS WIRE)--The "Global Silicon Photonics Market by Component (Active; Passive), Product (Transceiver; Switch; Cable, Sensor; Attenuator), Material (Silicon or Silicon Based Alloys; Indium Phosphide; Others), End-user, and Region - Competition, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The global silicon photonics market is projected to grow at a double-digit CAGR during the forecast period.
Broadcasting and live streaming requires high speed internet connection and optical cables, that can transfer information or data in reduced time when compared with counterparts like conductors, etc., driving the demand for silicon photonics market. Silicon photonics makes use of optical rays for transmission of data among computer chips. Higher bandwidth is the major reason for the growing adoption of silicon photonics across the globe.
The global silicon photonics market is segmented based on component, product, material, end-user, region and company. Growing use of cloud computing is generating large amounts of data in data centers and hence, IT & telecom sector is witnessing high demand for the silicon photonics-based components.
Also, silicon photonics is energy efficient and provides high speed performance so other industries are also switching to the use of this technology. In terms of product, transceiver is expected to lead the market as it finds usage in end user industries such as healthcare, IT & telecom, among others. Also, the device consumes less power and is compact in size, therefore, can be easily integrated into various systems.
Based on geography, North America dominated the global silicon photonics market in 2020. On account of increasing demand for high speed internet connection, companies have set up their centers in the countries such as US and Canada.
The companies operating in the market are using organic strategies to increase their share. For instance, Cisco Systems acquired Luxtera in 2020, in order to offer optic capabilities for service providers, data centers and other companies.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F-2026F
Objective of the Study
To analyze and forecast the market size of global silicon photonics market.
To forecast global silicon photonics market based on component, product, material, end-user and regional distribution.
To identify drivers and challenges for global silicon photonics market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global silicon photonics market.
To identify and analyze the profile of leading players operating in the global silicon photonics market.
In this report, global silicon photonics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Silicon or Silicon-based Alloys
IT & Telecom
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global silicon photonics market.
Luxtera Inc. (Subsidiary of Cisco Systems, Inc.)
Acacia Communications, Inc.
OneChip Photonics Inc.
For more information about this report visit https://www.researchandmarkets.com/r/7nbfim.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211208005939/en/
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