According to a new market report by Lucintel, the future of the silicon photonics market looks promising with opportunities in the data center and high-performance computing, telecommunication, aerospace & defense, medical & life sciences, and sensors industries. The silicon photonics market is expected to grow with a CAGR of 20% from 2019 to 2024. The major drivers for this market are rising demand for silicon photonics based products in data centers, reduction in power consumption with use of silicon photonics based transceivers, and growing requirement of high bandwidth and high data transfer capabilities.
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In this market, transceiver, variable optical attenuator, switch, cable, and sensors are the silicon photonics based device used in various applications. Lucintel forecasts that transceiver will remain the largest segment over the forecast period due to the increasing demand for transceiver in data center and high performance computing market.
Within the silicon photonics market, data center and high-performance computing, telecommunications, and sensors are the major end use industries. Lucintel forecasts that data center and high-performance computing will remain the largest end use industry during the forecast period due to increasing data traffic and adoption of cloud computing.
APAC will remain the largest market over the forecast period due to increasing use of internet services in data center and telecommunication applications.
Acacia, Intel, Cisco, Mellanox, Finisar, Global foundries, Hamamatsu, IBM, Juniper, STMicroelectronics are among the major manufacturers of silicon photonics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the silicon photonics market by device type, component, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Silicon Photonics Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the silicon photonics market by device type, component, end use industry, and region as follows:
By Device Type [$M shipment analysis for 2013 – 2024]:
Transceiver
Variable optical attenuator
Switch
Cable
Sensor
By Component [$M shipment analysis for 2013 – 2024]:
Laser
Photodetector
Modulator
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Data center & high-performance computing
Telecommunications
Military, defense, and aerospace
Medical and life sciences
Sensing
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/silicon-photonics-market.aspx or helpdesk@lucintel.com.
About Lucintel
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