Silicon Photonics Market Size Worth $918.3 Million By 2025
The global Silicon Photonics Market size is expected to reach
USD 918.3 million by 2025, according to a new report conducted by Grand View
Research, Inc. The rapid emergence of commercial and consumer electronics
applications is anticipated to revolutionize the market by 2025.
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.
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Further key findings from the report suggest:
- 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.
- 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
- The North American region dominated the marketplace,
accounting for the largest global silicon photonics market share (in terms
of revenue) in 2015
- The key industry participants include Cisco Systems Inc.,
Finisar Corporation, Intel Corporation, Mellanox Technologies, and Molex
Incorporated
Grand View Research has segmented the global
silicon photonics market based on component, product, application, and region:
Silicon Photonics Component Outlook (Revenue,
USD Million, 2014 - 2025)
- Optical Waveguides
- Optical Modulators
- Photodetectors
- Wavelength-Division Multiplexing (WDM) Filters
- Laser
Silicon Photonics Product Outlook (Revenue,
USD Million, 2014 - 2025)
- Transceivers
- Active Optical Cables
- Optical Multiplexers
- Optical Attenuators
- Others
Silicon Photonics Application Outlook
(Revenue, USD Million, 2014 - 2025)
- IT & Telecommunications
- Consumer Electronics
- Healthcare & Life Sciences
- Commercial
- Defense and Security
- Others (Media & Advertising)
About
Grand View Research:
Grand View Research is an India & U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. Grand
View Research database is used by the world's renowned academic institutions
and Fortune 500 compnies to understand the global and regional business
environment. Our database features thousands of statistics and in-depth
analysis on 46 industries in 25 major countries worldwide.
Contact:
Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
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