Silicon photonics is described as the technology or field wherein the transfer of data occurs between the computer chips and other components with the help of optical rays. This technology ensures the transfer of data in a more efficient manner as optical rays are capable of transferring the data of a larger volume in reduced duration as compared to electrical conductors’ technology. This technology also deals with the development of components that can generate, manipulate and detect light, with one of the major evolutions in its technological applications being the aforementioned data transferring.
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Silicon photonics market is expanding due to demand is increasing for silicon photonics based products in data centers, power consumption is minimized; the effects of these factors are mentioned below:
Innovative product launches and expansion of market share by the different market players:
The market is segmented on the basis of product as transceiver, variable optical attenuator, switch, cable and sensor. Component has been segmented into laser, modulator and photodetector. Application is categorized into data centre & high-performance computing, telecommunications, military, defence & aerospace, medical & life sciences, metrology and sensing.
“According to Data Bridge Market Research, Global Silicon Photonics Market is expected to reach USD 2255.7 million by 2025, growing with a potential rate of 21.3% during the forecast period of 2018 to 2025”
Some of the major players operating in market are Acacia, Luxtera, Intel Corporation, Cisco, Mellanox Technologies., Finisar Corporation., Globalfoundries, Hamamatsu Photonics, IBM, Juniper Networks, Inc., STMicroelectronics, Broadcom., Ciena Corporation., NeoPhotonics Corporation, Oclaro, Inc., Reflex Photonics Inc., RANOVUS Inc., SICOYA, Rockley Photonics., Lumentum, SKORPIOS TECHNOLOGIES INC, Photline technologies, Avago technologies, Infinera Corporation., among others.
Due to the nascent stage of this technology, the market is witnessing a number of government initiatives and funding activities from different private organizations and other stakeholders, this focus on enhancing the technologies already present in the market is expected to result in the formulation of a number of valuable opportunities that can subsequently result in the market expansion practices.
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Global Silicon Photonics Market – Industry Trends and Forecast to 2025