The global Silicon Photonics Devices Market is forecasted to be worth USD 4,328.5 Million by 2027, according to a current analysis by Emergen Research. As there is a growing trend for connected devices and IoT in several industries, the need for the number of data points has also increased substantially. The factor driving the demand for the market is efficient power consumption usage in silicon photonics devices and increasing the bandwidth requirement for the transfer of large data. Increased funding into the sector has also propelled the growth of the market.
Global Silicon Photonics Devices market report also offers a thorough analysis of the key market drivers and restraints that play a vital role in influencing the growth of the industry. The report considers the currently unfolding coronavirus pandemic as one of the key influencing factors. The research report analyzes the overall impact of the pandemic on the Silicon Photonics Devices industry, along with its impact on the key segments and sub-segments of the market
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Moreover, with a fall in the price of these devices, the demand has increased extensively in various sectors such as telecommunications, healthcare, and defense, among others. An increase in the level of awareness in the healthcare sector, and incorporation of IT in the industry, such as refractive sensing and lab-on-chip solutions, have also boosted market demand.
Competitive Landscape:
The research offers a bird’s eye view of the current market scenario regarding the operations of the leading companies in the Silicon Photonics Devices market. The report presents an extensive analysis of the leading players with regards to their business portfolio, product portfolio, market share and size, global reach and position, revenue share, gross profit margins, and production and manufacturing capacity.
The growing demand for high data transfer capabilities and high bandwidth are boosting the demand for the silicon photonics devices market.
Silicon Photonics Devices Market Size – USD 879.3 Million in 2019, Market Growth - CAGR of 23.2%, Market trends –High demand from IT and Telecommunication sector.
The Asia Pacific region is experiencing strong growth in data centers, consumer electronics manufacturers, and transport networks. The ever-growing telecommunication sector in the developing countries is also propelling the demand for silicon photonic devices in the region.
Key participants include Broadcom Limited, Acacia Communications, Inc., Finisar Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Hamamatsu Photonics K. K., Infinera Corporation, IBM Corporation, Intel Corporation, and Luxtera, among others.
Silicon Photonics Devices Market Segmentation:
For imparting a clear understanding, the Silicon Photonics Devices market is segmented on the basis of types, applications, and key geographical regions.
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Product Outlook (Revenue, USD Billion; 2017-2027)
Optical Cables
Multiplexers
Optical Transceivers
Attenuators
Radio Frequency Circuit
Devices Outlook (Revenue, USD Billion; 2017-2027)
Photo Detector
Optical Waveguide
Optical Modulator
Optical Switches
Laser
Application Outlook (Revenue, USD Billion; 2017-2027)
IT & Telecommunication
Healthcare
Defense
Consumer Electronics
Others
In September 2020, Physik Instrumente (PI) and FormFactor join in MeasureOne partnership to advance silicon photonics devices test and measurement development. MeasureOne is focused on delivering performance-validated and integrated solutions to address user’s test and measurement applications.
Fiber optics have changed the world of network communication since its inception. Fiber optic cables are used to transmit a large amount of data at high speed. The technology is used in the internet cable, and as compared to copper wires, these are lighter, less bulky, and more flexible and can carry more data.
Silicon Photonics Devices Market Region:
The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.
Major Highlights of the ToC:
Market Dynamics:
- Market Trends
- Opportunities
- Market Drivers
- Challenges
- Influence Factors
Developmental Trend Analysis:
- Market Trend Analysis
- Market Size (Volume and Value)
Methodology/Research Approach:
- Research Programs/Design
- Market Size Estimation
- Market Breakdown and Data Triangulation
- Data Source
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