Silicon Photonics Market to Rise Beyond 20.8% CAGR by 2023

Rising demand for silicon photonics market in data centers and the growing requirement of high bandwidth and high data transfer capabilities are the key factors contributing to the growth of the silicon photonics market. The risk of thermal effect remains to be a major restraint affecting the growth of the silicon photonics market.

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Key Target Audience
• Component and material providers
• Semiconductor foundries
• Silicon photonics platform developers
• Silicon photonics product manufacturers and suppliers
• Assembly and testing vendors
• Original equipment manufacturers
• Research organizations and consulting companies
• Technology investors
• Associations, alliances, and organizations related to silicon photonics
• Analysts and strategic business planners
• End users

The silicon photonics market is expected to be valued at 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. Major players in the silicon photonics market are Acacia (Switzerland), 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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Silicon photonics market for transceivers to grow at highest CAGR during forecast period.
The silicon photonics market for transceivers is expected to grow at the highest CAGR between 2018 and 2023.Transceivers are used in a variety of applications, such as high-performance computing, owing to high demand for high-speed data transmission in data centers. Many tier 1 players are entering into this market-for instance, Intel (US) started its research in silicon photonics in the last decade and launched its first 10 Gbps product in partnership with Luxtera. Further, in May 2017, Intel launched 100G CWDM4 and QSFP28 optical transceiver that has higher bandwidth capabilities and can support speeds up to 100 Gbps.

Data center and high-performance computing held largest share of silicon photonics market in 2017
Data center and high-performance computing held the largest share of the silicon photonics market in 2017.Data centers are experiencing an exponential increase in data traffic due to the rise of cloud computing and several emerging web applications. To manage this network load, large data centers are required with thousands of servers interconnected with high-bandwidth switches.

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Silicon photonics market in APAC to grow at highest CAGR during forecast period
The silicon photonics market in APAC is expected to grow at the highest CAGR between 2018 and 2023.China, Japan, and South Korea are the major contributors to the market in APAC. The increasing requirement of high-speed data communication and the increasing focus of international and domestic IT companies on big data analytics and cloud-based services in the region would fuel the growth of the silicon photonics market. Increasing investments toward the development of silicon photonics products, and domestic players on the silicon photonics market, and increasing R&D activities in the region also fuel the market growth.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across regions.

The breakup of the profiles of primary participants has been given below:
• By Company Size: Tier 1—40%, Tier 2—32%, and Tier 3—28%
• By Designation Level: C-Level Executives—32%, Directors—44%, and Others—24%
• By Region: North America—42%, Europe—29%, APAC—19%, and RoW—10%

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Research Coverage
The report defines, describes, and forecasts the silicon photonics market on the basis of products, components, applications, and regions. It provides detailed information regarding major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the silicon photonics market. It also analyzes competitive developments such as product launches and developments, collaborations, agreements, contracts, partnerships, acquisitions, and expansions carried out by the key players to achieve growth in the market.

Reasons to Buy the Report
• Illustrative segmentation, analysis, and forecast pertaining to the silicon photonics market based on products, components, applications, and regions have been conducted to provide an overall view of the market.
• Major drivers, restraints, opportunities, and challenges pertaining to the silicon photonics market have been detailed in this report.
• A detailed competitive landscape of the key players(along with their revenues) in the market has been included in this report.

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