Silicon Photonics Market

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MarketsandMarkets Research Private Ltd.
Presents
Silicon Photonics Market worth 1,988.2 Million
USD by 2023
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ilicon-photonics-116.html
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According to the market research report on
"Silicon Photonics Market by Product
(Transceiver, Switch, Variable Optical
Attenuator, Cable, Sensor), Application (Data
Center, Telecommunications, Military Defense,
Medical and Life Sciences, Sensing), Component,
and Geography - Global Forecast to 2023", the
silicon photonics market, the overall market is
estimated to be worth USD 774.1 Million in 2018
and is expected to reach USD 1,988.2 Million by
2023, at a CAGR of 20.8 between 2018 and 2023.
Rising demand for silicon photonics in data
centers, reduction in power consumption with use
of silicon photonics based transceivers, and the
growing requirement of high bandwidth and high
data transfer capabilities are the key factors
driving the silicon photonics market. Browse gtgt
67 Market data tables
66 figures 160
pages and in-depth TOC on Silicon Photonics
Market https//www.marketsandmarkets.com/Market
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buyers will receive 10 customization on this
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eleases/silicon-photonics.asp
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Transceivers to hold major share of silicon
photonics market during forecast
period Transceivers are used in a variety of
applications, such as data center and
high-performance computing telecommunications
and military, defense, and aerospace. Transceiver
modules, which possess high performance and
compact package, and consume low power, are used
in high-speed optical communication systems.
Owing to these features, these devices are
significantly used in data center and
high-performance computing, and
telecommunications applications. Silicon
photonics market for data center and
high-performance computing to grow at highest
CAGR during forecast period Data centers are
experiencing an exponential increase in data
traffic due to the rise of cloud computing. Owing
to technological advancements in high-performance
computing, there would be an increasing adoption
and integration of optics using silicon
photonics.
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North America to hold major share of silicon
photonics market between 2018 and 2023 North
America is expected to hold the largest share of
the silicon photonics market during the forecast
period. The US is expected to be a major
contributor to the market in North America
between 2018 and 2023. This is due to the high
demand for silicon photonics in data centers in
the country. Also, major players such as
Microsoft and Amazon have their data centers in
the US. Also, major silicon photonics players
such as Intel, Luxtera, Acacia, Cisco, IBM, and
Finisar have their presence in the US, which
fuels the silicon photonics market in this
region. Major players in the silicon photonics
market are Acacia (US),  Luxtera (US), Intel
(US), Cisco (US), Mellanox (Israel/US), Finisar
(US), STMicroelectronics (Switzerland), Hamamatsu
(Japan), IBM (US), Juniper (US), GlobalFoundries
(US), Broadcom (US), Oclaro (US), NeoPhotonics
(US), and Ciena (US)
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ilicon-photonics.asp
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