An analysis of silicon photonics market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.
By application segmentation, silicon photonics market includes telecommunications, defense, medical & life sciences, military, data center & high-performance computing, and sensing. The data center & high-performance computing segment is projected to dominate the industry owing to the increase in data traffic and technological advancements in data centers. There is a growth in the implementation of optics using silicon photonics. The increasing investments in the improvement of data transmission technologies and the high funding for the development of advanced defense technologies are driving the demand in the defense and government sector.
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The segmentation of the industry by product comprises transceivers, variable optical attenuators, optical multiplexers, switches, optical cables, and sensors. The transceivers segment is anticipated to dominate the silicon photonics market as these are ideally suited for high-speed communication systems owing to the advantages such as low power consumption and compact packaging. Transceiver modules have a wide range of applications and are used for telecommunications, computing, and data centers. The sensors segment is anticipated to witness a substantial growth during the forecast timeframe owing to its ability to be compact in design and consume low energies. These systems find applications in detecting trace gases in the surroundings and for health and environmental monitoring.
Rapid industrialization in emerging countries owing to the availability of low-cost resources, such as labor and raw materials, is leading to the strong growth in the number of businesses in emerging economies. This is placing a high focus on silicon photonics market players developing data centers with enhanced features to satisfy the increasing data requirements. Additionally, there is an increasing need for enhanced energy-efficient data storage techniques.
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Countries across Europe and North America are the principal markets for silicon photonics market as there is a high level of advanced technology implementation in these countries. For instance, in December 2017, the USD 10 million EU PASSION project was initiated by 12 partners to develop photonic technologies supporting the development of the future metropolitan communications network. Asia Pacific is expected to witness the highest growth over the forecast time span owing to the increase in the number of data centers. Emerging economies in Asia Pacific including China, India, and Japan are concentrating on adopting advanced technologies in electronics for the miniaturization of circuits and the reduction of energy consumption.
Key players in the silicon photonics market include Juniper, Hamamatsu, STMicroelectronics, Intel, Cisco, Acacia, Broadcom, Finisar Corporation, IBM Corporation, Mellanox Technologies, Texas Instruments, Teraxion, Oracle Corporation, and 3S Photonics.
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