According to a market report by Lucintel, the future of the silicon photonics market looks promising with opportunities in the data center and high-performance computing, telecommunication, aerospace & defense, medical & life sciences, and sensors industries. The silicon photonics market is expected to grow with a CAGR of 20% from 2019 to 2024. The major drivers for this market are rising demand for silicon photonics based products in data centers, reduction in power consumption with use of silicon photonics based transceivers, and growing requirement of high bandwidth and high data transfer capabilities.
In this market, transceiver, variable optical attenuator, switch, cable, and sensors are the major device types. Within the silicon photonics market, data center and high-performance computing, telecommunications, aerospace & defense, medical & life sciences and sensors are the major end use industries. Data center and high-performance computing is the largest segment for silicon photonics. Laser, photodetector, and modulator are the major component types of the silicon photonics market.
APAC will remain the largest market over the forecast period due to increasing use of internet services in data center and telecommunication applications.
Acacia, Intel, Cisco, Mellanox, Finisar, Global foundries, Hamamatsu, IBM, Juniper, STMicroelectronics are among the major manufacturers of silicon photonics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the silicon photonics market by device type, component, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Silicon Photonics Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the silicon photonics market by device type, component, end use industry, and region as follows:
By Device Type [$M shipment analysis for 2013 – 2024]:
• Transceiver
• Variable optical attenuator
• Switch
• Cable
• Sensor
By Component [$M shipment analysis for 2013 – 2024]:
• Laser
• Photodetector
• Modulator
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Data center & high-performance computing
• Telecommunications
• Military, defense, and aerospace
• Medical and life sciences
• Sensing
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the silicon photonics market, by device type (transceiver, variable optical attenuator, switch, cable and sensor), component (laser, photodetector, and modulator), application (data center & high-performance computing, telecommunications, military, defense, and aerospace, medical & life sciences and sensing), and region (APAC, North America, Europe and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the silicon photonics market?
Q.5 What are the business risks and threats to the silicon photonics market?
Q.6 What are emerging trends in this silicon photonics market and the reasons behind them?
Q.7 What are some changing demands of customers in the silicon photonics market?
Q.8 What are the new developments in the silicon photonics market? Which companies are leading these developments?
Q.9 Who are the major players in this silicon photonics market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this silicon photonics area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this silicon photonics market?
