According to Inkwood Research, the Global Silicon Photonics Market
is predicted to register a CAGR of 18.23% during the estimated period,
2019-2028.
“Browse 125 market Data Tables and 86 Figures spread over 364
Pages, along with an in-depth TOC on Global Silicon Photonics Market Forecast
2019-2028.”
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Silicon photonics is the learning and application of photonic
systems using silicon as an optical medium. It is a developing technology wherein
data is transferred among computer chips by optical rays. The optical fiber is
used to overcome the limitation of copper in networking and storage area
networks to support better connectivity between data centers. The successful
implementation of silicon photonics technology would enormously increase the
processing speed and power of computers.
Increasing
Need for Energy Efficient Technology Drives the Global Market
Energy efficiency is the ultimate goal of any technology.
Silicon photonics technology helps in saving a huge amount of energy, and is
also cost effective. As per IEA, energy-efficient technologies installed in
industries, transport vehicles, and buildings are expected to save the world’s
total energy by one-third and lead to a reduction in financial cost by 2050.
Silicon photonics uses light as a medium of transferring data, it increases the
data transfer rate much more than electric signaling. This helps in saving
money, time, and human resources. California has been able to save 70%-90% of
the energy by adopting the technology. The high level of power efficiency and a
significantly increased level of integration with other devices are the major
factors steering the market growth.
Telecommunication
is the Dominating Application in terms of Revenue Share
In modern telecommunication networks, there is always a
demand for technologies that will help in enhancing the performance of instant
connectivity and communications. Silicon photonics is one such technology that
has surpassed other technologies in providing faster means of data transfers to
the telecom sector. The telecommunication market is growing at a fast pace. Hence,
the silicon photonics market is also developing rapidly. Silicon photonics
technology is the most reliable method of data transfer. The introduction of
silicon photonics in telecommunications has given the advantage of getting
higher bandwidth at a low cost. Silicon is the leading material having low
power consumption in the field of electronics. Silicon photonics provides
faster communication in the telecom and computing industries at a low cost.
The
Region of Asia Pacific is set to project the Highest Growth Rate
The Asia Pacific region is estimated to record the highest
CAGR over the forecast period. This is attributed to the fact that the region
is central to the world’s fastest-developing economies. Government
organizations are making continuous efforts to utilize silicon photonics. New
companies, together with well-known brands, are establishing their base in this
region, owing to favorable policies.
The market is highly intense and competitive, owing to the
initiatives taken by the vendors to offer innovative and modernized products,
hence directing the market rivalry. The well-known multinational players are
involved in frequent acquisitions and mergers to enhance their product
portfolio and geographical presence to gain a competitive edge. Some of the
prominent players dominating the global market include Hewlett Packard
Enterprise, ADVA Optical Networking, Hamamatsu Photonics KK, Intel Corporation,
Enablence Technologies Inc, among others.
About Inkwood Research
Inkwood Research specializes in syndicated & customized
research reports and consulting services. Market intelligence studies with relevant
fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises of North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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