The rising demand for high bandwidth, high data transfer, and government initiative to move towards e-banking are driving the market growth.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects. The report covers a comprehensive analysis of the competitive landscape with a detailed analysis of the company profiles, product portfolio, and business expansion strategies.
The rapid growth in the usage of smartphones and internet services has led to the increased use of Silicon Photonics transceivers for telecommunications applications and is anticipated to fuel demand in the market for Silicon Photonics. The government’s influence on the population to shift towards e-banking and internet-based money banking is also expected to drive the Silicon Photonics market. Besides, characteristics such as low environmental impact, high interconnectivity capacity, low operating costs, low failure rate, and spectral performance are expected to propel the Silicon Photonics market demand.
The introduction of 5G technology and growing demand for bandwidth will provide an option for corporations to expand their R&D initiatives in the photonics sector.
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Key Points of Silicon Photonics Market:
- Extensive coverage of the analysis of the Silicon Photonics market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Silicon Photonics market
- Complete data about the key manufacturers and vendors in the Silicon Photonics market
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Silicon Photonics products is expected to drive the demand for Silicon Photonics, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
Key participants include IBM Corporation, Cisco Systems Inc., AIO Core Co. Ltd, Intel Corporation, Infinera Corporation, Mellanox Technologies Ltd, IPG Photonics Corporation, NKT Photonics, STMicroelectronics NV, and Hamamatsu Photonics K.K. among others.
The laser segment is expected to dominate the market with a significant share of 33.7% over the forecast timeframe due to the increasing development of tunable lasers and hybrid silicon. The waveguide segment is projected to grow substantially owing to the wise use of this component in the telecommunication sector.
Emergen Research has segmented the global Silicon Photonics Market on the basis of product, component, end-use, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Sensors
- Switches
- Transceivers
- Optical Attenuators
- Optical Cable
Component Outlook (Revenue, USD Billion; 2017-2027)
Photodetector
Modulator
Laser
Waveguides
Filter
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Consumer Electronics
Healthcare
Telecommunication & IT
Defense
Others
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