Bharat Book Bureau Provides the Trending Market Research Report on “Global Silicon Photonics Market Report and Forecast 2022-2027” under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports.
Market Outlook
According to the latest report, ‘Global Silicon Photonics Market Report and Forecast 2022-2027’, the Global Silicon Photonics Market is projected to further grow at a CAGR of 42.1% between 2022 and 2027. Aided by the growing adoption of modern electronic smart devices, the market is estimated to reach a value of around USD 7799.1 million by 2027.
Silicon photonics refers to the technology which allows the transfer of data among computers through optical rays. In other words, silicon photonics generate, process, and manipulate data transmission between microchips. This process is carried out in infrared wavelengths. These microchips are installed in various electronic devices such as computers, laptops, and smartphones. Silicon photonics includes optical systems using silicone in the form of an optical medium.
The significant applications of silicon photonics include data centers and high-performance computing, and telecommunications, among others. Furthermore, silicon photonics technology is also utilised in consumer electronics and various commercial applications.
The rising demand for high-performance computing in various end-use industries, including military and defense, BFSI, and, education, among others, is driving the market. The growing R&D activities by the key market players to minimize production costs, avoid loss of energy, and augment quick data transfer to maximize productivity in end-use sectors, are likely to provide impetus to the market in the forecast period.
Silicon photonics is widely used in household appliances, security systems, gaming consoles, and home DVRs, among others. In this regard, the market is anticipated to witness further growth in the forecast period. In terms of region, North America accounts for a significant share of the market owing to the rapid advancements in fiber optics technology and rapid development of data centers. The market in the region will further be aided by the growing expansion, coupled with technological advancements in the consumer electronics sector in the region.
Market Segmentation
The market report analyses the market based on segmentations such as product, component, application, and major region.
Market Breakup by Product
•Optical Multiplexers
•Active Optical Cable
•Fibre Optical Switches
•Transceiver
•Others
Market Segmentation by Component
•Photodetectors
•Laser
•Modulators
•Others
Market Division by Application
•Data Centre and High-Performance Computing
•Telecommunications
•Others
Market Breakup by Region
•North America
•Europe
• the Asia Pacific
•Latin America
• the Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the key players in the industry. Some of the major players in the market explored are:
•Cisco Systems, Inc.
•Intel Corporation
•IBM Corporation
•NeoPhotonics Corporation
•Hamamatsu Photonics K.K
•STMicroelectronics N.V.
•Others
*We, always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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https://www.bharatbook.com/report/1341466/global-silicon-photonics-market-report-and-forecast
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