Article -> Article Details
| Title | Silicon Photonics Market |
|---|---|
| Category | Business --> Advertising and Marketing |
| Meta Keywords | Silicon Photonics Market |
| Owner | MRFR |
| Description | |
| Market Analysis Silicon
Photonics Market Size was valued at USD 1.9 Billion in 2022 and is projected to
grow from USD 2.5 Billion in 2023 to USD 8.6 Billion by 2030, exhibiting a
compound annual growth rate (CAGR) of 26.00% during the forecast period (2023 -
2030). Market Segmentation The silicon photonics market is segmented based on product, component, and end user. By product, the transceivers segment will lead the market over the forecast period. By component, the laser segment will dominate the market over the forecast period. By
end users, the IT and telecommunication segment will spearhead the market over
the forecast period. Get free sample report @ https://www.marketresearchfuture.com/sample_request/2809 COVID-19 Analysis The COVID-19 pandemic has impacted the overall production capability of the silicon photonics owing to lack of skilled workforce. The falling semiconductor sector in China has majorly restricted the market growth. The growing work from home scenarios has increased the need for 5G technology and high-speed internet connection. This will boost the need for silicon photonics for delivering high bandwidth & high speed data transfer. Drivers Growing Need in High-Speed Broadband Services to Boost Market
Growth The growing need for high-speed broadband services is growing significantly with the increasing adoption in government agencies, commercial and other applications will boost market growth over the forecast period. Regional Analysis North America to Have Lions Share in Silicon Photonics
Market North
America will possess the lions share in the market over the forecast period.
Development in the remote surgeries and remote consultation in healthcare and
medical industries, the region being the hub of many technology companies and
research and development establishments resulting in prominent technological
advancements and innovations, huge steady flow of monetary investments
accessible for research related activities from venture capitalists and
governments, growing demand for high performance, customized and low cost
components in life sciences, telecommunications, and other sectors, and the
significant deployment of 5G in major countries like France, China, and the US
are adding to the global silicon photonics market share in the region. Browse
Complete Report @ https://www.marketresearchfuture.com/reports/silicon-photonics-market-2809 Opportunities Emerging Applications of Silicon Photonics to offer Robust Opportunities Silicon photonics are used in diverse applications including sensors, high performance computing, and more. The significant deployment of the sensors in autonomous vehicles along with the growing efforts for the development of the autonomous vehicles in analyzed to impact the market. Restraints and Challenges Complexity in Integration of On-Chip Laser to act as Market
Restraint The complexity in integration of on-chip laser will act as market restraint over the forecast period. Buy Now @ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2809 Key Players Eminent
players profiled in the global silicon photonics market report include Infinera
Corporation (US), Cisco Systems Inc. (US), Intel Corporation (US), IBM
Corporation(US), Mellanox Technologies Ltd (Israel), Hamamatsu Photonics K.K
(Japan), STMicroelectronics NV (Switzerland), Finisar Corporation (US), FLIR
Systems (US), IPG Photonics Corporation (US), NKT Photonics (Denmark), SICOYA
(Germany), AIO Core Co. Ltd (Japan), and DAS Photonics
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