Silicon Photonics Market Trends By Key Players: Juniper, Hamamatsu, STMicroelectronics, Intel, Cisco, Acacia, Broadcom, Finisar Corporation, IBM, Texas Instruments, Teraxion, Oracle Corporation

Market Overview: -

Silicon Photonics Market set to grow at a fast rate owing to the advantages offered to the users such as lower power consumption and reduced overall costs. These components allow devices to work at higher temperatures and enable efficient electrical to optical conversion, thereby reducing the need for cooling. This is a major factor anticipated to boost the silicon photonics market growth over the forecast timespan. The industry is gaining impetus as it enables optical devices to be manufactured at low costs using semiconductor fabrication procedures that are integrated with electronic chips. The small size, cost-effectiveness, and its ability to facilitate high-speed data transfer with the use of tiny optical components are projected to propel the silicon photonics market growth over the coming years.

Increasing adoption in data centers is a major factor anticipated to drive the silicon photonics market. High integration capabilities coupled with a high density of interconnects are escalating their demand in data centers. These components enable the chips to use light pulses instead of electrical signals to transfer data, enhancing the processing speeds and cloud computing performance.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2444

Top Key Players: -

Key players in the silicon photonics market include Juniper, Hamamatsu, STMicroelectronics, Intel, Cisco, Acacia, Broadcom, Finisar Corporation, IBM Corporation, Mellanox Technologies, Texas Instruments, Teraxion, Oracle Corporation, and 3S Photonics. The compatibility of the technology with the prevailing fabrication techniques is making major players in the region to adopt silicon photonics technology.

Market share calculation in this report is not done based on companies covered in it. The calculation of silicon photonics market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Countries across Europe and North America are the principal markets for silicon photonics market as there is a high level of advanced technology implementation in these countries. For instance, in December 2017, the USD 10 million EU PASSION project was initiated by 12 partners to develop photonic technologies supporting the development of the future metropolitan communications network.

Asia Pacific is expected to witness the highest growth over the forecast time span owing to the increase in the number of data centers. Emerging economies in Asia Pacific including China, India, and Japan are concentrating on adopting advanced technologies in electronics for the miniaturization of circuits and the reduction of energy consumption.

Request for customization for this report @ https://www.gminsights.com/roc/2444

Silicon photonics market players are required to develop their own computer-aided design or computer-aided engineering software to develop these components, which escalates the initial manufacturing costs. Thermal effect issues that hamper the performance of devices coupled with high initial costs are further hampering the industry growth. The availability of substitute technologies such as Vertical-Cavity Surface Emitting Laser (VCSEL) that increases the data speed and improves the efficiency is anticipated to hamper silicon photonics market growth. Furthermore, VCSEL is available at a low cost, which makes it a preferred alternative for companies that have severe budgetary constraints, primarily SMEs. The thermal dissipation within the material makes silicon photonics ineffective for lasing applications.

Rapid industrialization in emerging countries owing to the availability of low-cost resources, such as labor and raw materials, is leading to the strong growth in the number of businesses in emerging economies. This is placing a high focus on silicon photonics market players developing data centers with enhanced features to satisfy the increasing data requirements. Additionally, there is an increasing need for enhanced energy-efficient data storage techniques. Rising need for fast data transfer speeds, the need for enhanced computational and processing capabilities, and the increasing requirements for low-power consumption devices are anticipated to provide attractive growth opportunities for the silicon photonics market.

Browse Full Report @ https://bit.ly/2IFPPLH

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.