Stratview Research has published a new report titled “Silicon Photonics Market” which is segmented by Product Type (Switch, Transceiver, Cable, Sensor, and Variable Optical Attenuator), by Application Type (Data Center and High-Performance Computing; Telecommunications; Military, Defense, and Aerospace; Medical and Life Sciences; and Sensing), by Component Type (Active [Laser, Modulator, and Photodetector] and Passive [Filter and Waveguides]), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the study, the market is likely to witness an impressive CAGR of 20.5% during the forecast period. The prime factor that is contributing to the growth of the market for silicon photonics is mainly the surge in demand for high-speed data transmission in data centers, globally.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides thorough analysis of the market segments which include products, applications, and competitor analysis.
The market is bifurcated into various segments. Below given is the segment-wise analysis –
Based on the product type, the market is segmented as switch, transceiver, cable, sensor, and variable optical attenuator. The transceiver segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The wide use of transceivers in data center and high-performance computing; telecommunications; and military, defense, and aerospace is driving the growth of this segment.
Based on the application type, the silicon photonics market is segmented as data center and high-performance computing; telecommunications; military, defense, and aerospace; medical and life sciences; and sensing. With the surge in demand for cloud computing, there is an exponential increase in data traffic; various enterprises are shifting towards Software as a Service (SaaS) application, which has led to an increase in demand for data centers, globally. Thus, the data center and high-performance computing segment is expected to remain dominant during the forecast period.
Which Region is expected to remain the largest market?
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for silicon photonics during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as data center, telecommunications, military & defense, and others, which is generating huge demand for silicon photonics and the presence of a large number of players in the silicon photonics market in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, that will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players activen in the Silicon Photonics Market:
- Hamamatsu Photonics
- Mellanox Technologies
Key questions answered by the report
- What is the projected CAGR for revenue from the Silicon Photonics Market during the forecast period?
- What would be the market be valued at by 2026?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Silicon Photonics Market?
- Which are the major market players?
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