A study by Triton Market Research with the title ‘Global Silicon Photonics Market,’ covers the Global Analysis and Forecast for 2019-2028 by Components (Interconnects, Optical Modulators, LED, Waveguides, Wavelength Division Multiplexer Filters, Photodetector), by Product Type (Optical Transceiver, Sensors, Photovoltaic Cells/Solar Cells, Integrated Circuits, Optical Switches), by Application (Telecommunication, Information Processing, Other Application), and by Geographical Region (North America, Middle East and Africa, Latin America, Europe, Asia-Pacific).
Silicon photonics is a novel technology used to manufacture optical devices from silicon. It makes use of photons to transfer huge amounts of data at high speed, using extremely low power.
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As per the report, the global silicon photonics market will account for revenue worth $3294.55 billion by 2028. The market is estimated to progress at a CAGR of 16.72% during the forthcoming period between 2019 and 2028.
The increased data-transmitting capabilities are likely to drive the growth of the market in the forecasted period. The technology is expected to transmit up to 10 gigabits per second using optical transceivers. Therefore, a high amount of energy will be saved, leading to a huge reduction in financial cost. The integration of the internet with silicon photonics technology is likely to revolutionize the field of technology in the upcoming years. However, the complex network of optical communication systems, radio communication systems and powerline communication systems are restraining the global market growth.
The global silicon photonics market is segmented into three parts, namely components, product type and application. The first segment, components, includes interconnects, optical modulators, led, waveguides, wavelength division multiplexer filters and photodetector. The second segment, product type, is divided into optical transceiver, sensors, photovoltaic cells/solar cells, integrated circuits and optical switches. The last segment, application, trifurcates into telecommunication, information processing and other application.
The Asia-Pacific is likely to grow the fastest in the global market in the forecast period. The region is also anticipated to contribute the highest share to the global silicon photonics market. Silicon photonics finds its applications in different sectors, including microscopy, biomedical optics, endoscopy and skin treatment in the region. The development of silicon photonics devices in the health sector will make the medical devices available at cheaper prices than their conventional alternatives. The research on silicon photonics in the mid-infrared region is expected to revolutionize this field. Vision correction, which uses a laser in the treatment process, is another area of scope for the development of silicon lasers. The increased application of silicon photonics in the healthcare industry in China is pushing the regional market growth.
Leading companies in the silicon photonics market are STMicroelectronics, NeoPhotonics Corporation, Okmetic Oy, Chiral Photonics, Acacia Communications Inc, Enablence, Molex, Infinera Corporation, Luxtera Inc (Acquired by Cisco Systems Inc), II-VI Incorporated, Hewlett Packard Enterprise Development LP, Hamamatsu Photonics KK, Mellanox Technologies (NVIDIA Corporation), ADVA Optical Networking and Intel Corporation.
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Question & Answer: Silicon Photonics Market
Question 1: What factors are likely to drive the growth of the global silicon photonics market growth?
Answer: The increased data-transmitting capabilities are likely to drive the growth of the silicon photonics market in the forecasted period. The technology is expected to transmit up to 10 gigabits per second using optical transceivers. Therefore, a high amount of energy will be saved, leading to a huge reduction in financial cost. The integration of the internet with silicon photonics technology is likely to revolutionize the field of technology in the upcoming years.
Question 2: Which factor is restraining the global silicon photonics market growth?
Answer: The complex network of optical communication systems, radio communication systems and powerline communication systems is restraining the global silicon photonics market growth.
Question 3: Which region is influencing the global silicon photonics market landscape?
Answer: The Asia-Pacific is likely to grow the fastest in the global market in the forecast period. The region is also anticipated to contribute the highest share to the global silicon photonics market. Silicon photonics finds its applications in different sectors, including microscopy, biomedical optics, endoscopy and skin treatment in the region. The development of silicon photonics devices in the health sector will make the medical devices available at cheaper prices than their conventional alternatives.
The research on silicon photonics in the mid-infrared region is expected to revolutionize this field. Vision correction, which uses a laser in the treatment process, is another area of scope for the development of silicon lasers. The increased application of silicon photonics in the healthcare industry in China is pushing the regional market growth.
Question 4: Which are the leading companies in the silicon photonics market?
Answer: Leading companies in the silicon photonics market are STMicroelectronics, NeoPhotonics Corporation, Okmetic Oy, Chiral Photonics, Acacia Communications Inc, Enablence, Molex, Infinera Corporation, Luxtera Inc (Acquired by Cisco Systems Inc), II-VI Incorporated, Hewlett Packard Enterprise Development LP, Hamamatsu Photonics KK, Mellanox Technologies (NVIDIA Corporation), ADVA Optical Networking and Intel Corporation.
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