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New York, Sept. 15, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Silicon Photonics Market By Component, By Product, By Material, By End User, By Region, Competition, Forecast & Opportunities, 2026" - https://www.reportlinker.com/p05916805/?utm_source=GNW
Global Silicon Photonics Market By Component (Active, Passive), By Product (Transceiver, Switch, Cable, Sensor, Attenuator), By Material (Silicon or Silicon Based Alloys, Indium Phosphide, Others), By End User (IT & Telecom, Healthcare, Consumer Electronics, Others), By Region, Competition, Forecast & Opportunities, 2026
Global silicon photonics market is projected to grow at a double-digit CAGR during the forecast period. Broadcasting and live streaming requires high speed internet connection and optical cables, that can transfer information or data in reduced time when compared with counterparts like conductors, etc., driving the demand for silicon photonics market. Silicon photonics makes use of optical rays for transmission of data among computer chips. Higher bandwidth is the major reason for the growing adoption of silicon photonics across the globe.
The global silicon photonics market is segmented based on component, product, material, end user, region and company.Growing use of cloud computing is generating large amounts of data in data centers and hence, IT & telecom sector is witnessing high demand for the silicon photonics-based components.
Also, silicon photonics is energy efficient and provides high speed performance so other industries are also switching to the use of this technology.In terms of product, transceiver is expected to lead the market as it finds usage in end user industries such as healthcare, IT & telecom, among others.
Also, the device consumes less power and is compact in size, therefore, can be easily integrated into various systems.
Based on geography, North America dominated the global silicon photonics market in 2020. On account of increasing demand for high speed internet connection, companies have set up their centers in the countries such as US and Canada.
Major companies operating in the global silicon photonics market include Intel Corporation, Luxtera Inc. (Subsidiary of Cisco Systems, Inc.), Acacia Communications, Inc., Infinera Corporation, IBM Corporation, Finisar Corporation, STMicroelectronics N.V., Fujitsu Ltd., OneChip Photonics Inc., NeoPhotonics Corporation, among others. The companies operating in the market are using organic strategies to increase their share. For instance, Cisco Systems acquired Luxtera in 2020, in order to offer optic capabilities for service providers, data centers and other companies.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F–2026F
Objective of the Study:
• To analyze and forecast the market size of global silicon photonics market.
• To forecast global silicon photonics market based on component, product, material, end user and regional distribution.
• To identify drivers and challenges for global silicon photonics market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global silicon photonics market.
• To identify and analyze the profile of leading players operating in the global silicon photonics market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturing companies across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturing companies which could not be identified due to the limitations of secondary research. The analyst examined the silicon photonics component manufacturing companies and presence of all major players across the globe.
The analyst calculated global silicon photonics market size using a bottom-up approach, where data for various end user industries and its application across various product types was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and components for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by the analyst.
Key Target Audience:
• Silicon photonics component manufacturers, suppliers and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to silicon photonics
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as silicon photonics component manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global silicon photonics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Silicon Photonics Market, By Component:
• Global Silicon Photonics Market, By Product:
• Global Silicon Photonics Market, By Material:
o Silicon or Silicon Based Alloys
o Indium Phosphide
• Global Silicon Photonics Market, By End User:
o IT & Telecom
o Consumer Electronics
• Global Silicon Photonics Market, By Region:
o North America
o South America
o Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global silicon photonics market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
• Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p05916805/?utm_source=GNW
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