According to a report,“Silicon Photonics Market Analysis By Component, By Product, By Application (IT & Telecommunication, Consumer Electronics, Healthcare and Life Science, Commercial, and Defense and Security), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global silicon photonics market is expected to reach USD 918.3 million by 2025. The rapid emergence of commercial and consumer electronics applications is anticipated to revolutionize the market by 2025.
Key Takeaways from the report:
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The industry is predicted to grow as the products would rapidly gain traction. This is attributed to the ability of products to be incorporated in different application areas, such as IT and telecommunication, consumer electronics, and commercial.
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The increasing demand for active optical cables, optical multiplexers, and optical attenuators provides numerous growth opportunities as they offer considerable options to attain low-cost economies
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The North American region dominated the marketplace, accounting for the largest global market share (in terms of revenue) in 2015
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The key industry participants include Cisco Systems Inc., Finisar Corporation, Intel Corporation, Mellanox Technologies, and Molex Incorporated
U.S. silicon photonics by product, 2014 – 2025 (USD Million)
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Silicon photonics market by application, 2015
The IT and telecommunication application segment would dominate the sector in terms of market size over the forecast period. Silicon photonics devices find commercial applications in high-performance computers and data center applications. The silicon photonics technology offers a cost-effective and reliable solution to commercial applications.
The key value chain components for the silicon photonics system include raw material suppliers, component manufacturers (chip and optical interconnect fabrication firms), Original Equipment Manufacturers (OEMs), server system distributors, and end-use segments. Silicon photonics has been a significant research arena since the last decade on account of potential benefits of the optoelectronics integration.
The market can be categorized based on application types into consumer electronics, IT & telecommunication, commercial, defense & security, and healthcare & life science verticals. Silicon photonics devices find commercial applications in high-performance computers and data center applications.
Small size and cost-effectiveness are the ideal features desired from silicon photonics, which is largely driving the growth of the silicon photonics market. Vendors provide solutions across a wide range of industries, such as mobile broadband Internet access, high-performance computing, data center and enterprise networking, and metro and long haul data communications, among many others.
Grand View Research has segmented the silicon photonics market based on component, product, application, and region:
Silicon Photonics Component Outlook (Revenue, USD Million, 2014 – 2025)
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Optical Waveguides
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Optical Modulators
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Photodetectors
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Wavelength-Division Multiplexing (WDM) Filters
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Laser
Silicon Photonics Product Outlook (Revenue, USD Million, 2014 – 2025)
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Transceivers
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Active Optical Cables
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Optical Multiplexers
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Optical Attenuators
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Others
Silicon Photonics Application Outlook (Revenue, USD Million, 2014 – 2025)
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IT & Telecommunications
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Consumer Electronics
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Healthcare & Life Sciences
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Commercial
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Defense and Security
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Others (Media & Advertising)
Silicon Photonics Regional Outlook (Revenue, USD Million, 2014 – 2025)
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North America
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U.S.
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Canada
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Europe
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Germany
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UK
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France
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Asia Pacific
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China
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India
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Japan
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Latin America
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Mexico
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Brazil
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The Middle East & Africa
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
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