Silicon is used as a platform for photonic circuits to generate optical communication system which is incorporated in silicon photonics technology. The modernized trend of electronic devices miniaturization coupled with high requirement for efficiency and speed maintaining an economical cost, has resulted in the increasing penetration of silicon photonics. This has become an interesting global avenue as it offers the benefit of low power consumption, higher density of interconnects, higher reliability and integration. The global silicon photonics market is expected to grow at an exponential rate in the future years.
Data communication constitutes the largest market for global silicon photonics as the protocol is offering services that are surpassing copper and optical technologies. Optimum financial support from governments and rising demand for data transference is boosting the growth of global silicon photonics market. The demand for silicon photonics is boosted by covering data rates or distance which have not been given by vertical cavity surface-emitting lasers (VCSELs), thereby offering faster data rates at lower cost. Various factors that hamper the growth of global silicon photonics market include high cost as the companies have to develop themselves the computer-aided engineering/computer-aided design (CAE/CAD) and stiff competition with VCSEL since it is available at a cheap rate.
In 2015, the data communication application commanded the largest share of the global market, followed by telecommunication segment. With the help of silicon photonics devices, IT infrastructure enables data centers to offer networking services and high speed cloud. The demand for silicon photonics technology is rising especially in the telecommunication application, owing to the improved performance of these networks by fulfilling the data rates requirement and high bandwidth. This is likely to propel the demand for silicon photonics technology in these applications.
In order to increase the overall usability of systems, the consumer electronics application needs data transfer speeds and faster processing. In consumer electronics application, the high-performance computing (HPC) includes numerous storage and networking systems, and computers, that unveil high levels of computational capabilities which fuel the demand for silicon photonics technology. The market for commercial application is estimated to grow at a rapid pace during the future years. The silicon photonics products are used in digital cinemas, video recording, digital signage, and laser source among others. In the future years, active components are estimated to witness robust growth. Also, these components are easy to install in chips and are reconfigurable. Thus, it is expected that there will be huge demand for active components as compared to passive components in the future.
Based on geography, the global silicon photonics market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA). North America commands the largest share of wavelength division multiplexer filters and silicon optical modulators. North America is eventually becoming an attractive destination for the players to launch silicon photonics devices owing to increased government support and rise in demand for data transfer. Asia-Pacific displays the robust growth in silicon photonics market owing to the rise in urbanization, rising population, and high demand for data transfer. Some of the major players in the global silicon photonics market include NeoPhotonics Corporation, Infinera, Luxtera, Skorpios Technologies Inc., Avago Technologies, Mellanox Technologies, Cisco, OneChip Photonics, Photline Technologies, etc.
Market by Component
· Passive components
· Active components
Market by Product
· Active Optical Cables
· Variable Optical Attenuators
· Optical Multiplexers
· Optical Engines
· RF Circuits
· Others (Optical Interconnects and Light Field Displays)
Market by Application
· Consumer Electronics
· Data Communication
· Medical and Life Science
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction According to Acumen Research and Consulting, the global Magnetic Sensor market is expected to grow at noteworthy CAGR around 6.6 % throughout the forecast period and reach around US$ 3.4 billion by 2026. Magnetic sensors are categorized as full magnetic field measurements or magnetic field vector components. Permane
Introduction According to Acumen Research and Consulting, the global SAP digital services ecosystem market size is expected to reach around US$ 90 billion by 2026 with rising CAGR of 7.5 % throughout the forecast period 2019-2026. A major factor driving the global SAP digital service ecosystem market are advantages offered by SAP digital service
Introduction According to Acumen Research and Consulting, the global ultrasonic testing equipment market is expected to grow at noteworthy CAGR around 7.5 % throughout the forecast period and reach around US$ 1.8 billion by 2026. Ultrasound tests are a non-destructive test procedure that uses high frequency sound energy for testing and measuring
Introduction It is a crucial process for the production of semiconductor equipment and is a component of the set of instruments for nanotechnological materials synthesis. ALD is regarded as one of the superior methods of deposition for thin and conformal film production. The report provides analysis of global Atomic Layer Deposition market for t
Introduction The report provides analysis of global Split Air Conditioning Systems market for the period 2016-2026, wherein 2019 to 2026 is the forecast period and 2017 is considered as the base year. According to Acumen Research and Consulting, the global Split Air Conditioning Systems market is expected to grow at noteworthy CAGR around 4.3 % throughout the forecast peri
Introduction The worldwide Fiber Optic Preform industry’s size is approximately reach USD 9.2 billion by 2026 and the market is anticipated to show a CAGR of 19.1% during the forecast years. Market Dynamics The development can be credited to the Growing fame of high-ban