The silicon photonics market is projected to reach USD 4.6 billion by 2027 and is expected to grow at a CAGR of 24.02% over the forecast period 2021-2027.
The high demand for CMOS integrated silicon photonics technology in data centers is one of the important factors driving the market growth in the forecast period 2020-2027. In addition, increasing interest in reducing power consumption using silicon photonic transceivers has led to high bandwidth and high data transmission capabilities, increasing demand for high-speed broadband services, 5G technology deployment in developing countries, optical multiplexers, active optical cables and optical attenuators. Along with the increasing demand for R&D initiatives, there is also an increase in funding from governments and stakeholders. Promote market growth. In addition, the new application range of silicon photonics, along with the proliferating adoption of silicon photonics technology in short-range communications, will further strengthen various new opportunities for growth of the silicon photonics market in the forecast period mentioned above.
A full report of Silicon Photonics Market available at: https://www.orionmarketreports.com/silicon-photonics-market/32278/
Key Market Competitors:
The major players covered in the silicon photonics market report are Acacia Communications Inc., Luxtera, Intel Corporation, Cisco, SKORPIOS TECHNOLOGIES INC, Ciena Corporation., NeoPhotonics Corporation, Mellanox Technologies., Finisar Corporation., Globalfoundries, Hamamatsu Photonics, IBM, Juniper Networks, Inc., Rockley Photonics Ltd., STMicroelectronics, Broadcom., Oclaro, Inc., Reflex Photonics Inc., RANOVUS Inc., SICOYA, Lumentum Operations LLC, Photline technologies and Infinera Corporation., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Silicon Photonics Market- Segmentation
By Product
• Transceiver
• Variable Optical Attenuator
• Switch
• Cable
• Sensor
By Component
• Active
• Passive
By Application
• Data Centers & HPC
• Telecommunication
• Medical
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
