Silicon Photonics Market is Expected to Grow at a CAGR of over 25.8% | During 2022-2028 | Vantage Market Research

Silicon Photonics Market by Product (Transceivers, Switches), by Application (Data Center & High-performance Computing, Telecommunication Waveguide, Component), by Region (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)

According to Vantage market research the global Silicon Photonics market is valued at USD 1.08 Billion in 2021 and is projected to attain a value of USD 3.59 Billion by 2028 at a CAGR of 25.8% during the forecast period, 2022-2028.

Key Findings and Insights from the report:

• The report presents the estimated CAGR of 25.8% size of the Silicon Photonics Market at the end of the forecast period.
• The Global Silicon Photonics market is predicted to reach a value of USD 3.59 Billion by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.

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With the size of the data centers there is a huge increase in power consumption. To reduce power consumption, telecom companies are now considering parallelization and optical interconnection to reduce the use of copper cables.
The use of light for transmission is nothing new; it was first used in the 1960s when sending pictures using fiber optic cables. After that, many experiments took place until silicon photonics was developed; it uses electronic circuitry on semiconductor materials instead of glass fibers carrying optical signals.

Market Segmentation:

By Type:
• Transceivers
• Switches

By Application:

• Data Center & High-performance Computing
• Telecommunication Waveguide
• Component

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COVID-19 Impact Analysis of Silicon Photonics Market:

In 2020, the rapid spread of COVID-19 significantly affected global business operations, disrupting supply chains and impacting various industries. The nationwide lockdown, international border seals and strict social distancing measures have led to a sharp drop in global business activity. This had a huge impact on the global economy, as companies around the world were forced to either completely or partially shut down their operations, causing disruption in the supply-demand ratio. Moreover, 2021 saw a second wave of COVID-19 in several key markets such as the US, India and Brazil which further disrupted the market.

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The Silicon Photonics market regional level analysis:

• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)

List of Leading Players in the Global Silicon Photonics Market:

• Cisco Systems
• Intel
• MACOM Technology
• GlobalFoundries
• NeoPhotonics
• InPhi
• II-VI
• IBM
• STMicroelectronics
• Rockley Photonics
• Mellanox Technologies
• Sicoya
• Lumentum Operations
• RANOVUS
• Broadcom
• Hamamatsu Photonics
• Molex
• Fujitsu
• Chiral Photonics
• EFFECT Photonics
• AIO Core
• NKTPhotonics
• IPG Photonics
• DAS Photonics
• TDK Corporations

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Reason for buying this Silicon Photonics Market Report:

• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the 3D Silicon Photonics market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Silicon Photonics market and provides possible solutions to those problems.

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