Mar 7, 2018   SOURCE: PR NewsWire

Global Silicon Photonics Market (2018-2023) Forecast to Reach $1.98 Billion - Growing Government & Stakeholder Funding

Global Silicon Photonics Market (2018-2023) Forecast to Reach $1.98 Billion - Growing Government & Stakeholder Funding

DUBLIN, March 7, 2018 /PRNewswire/ --

The "Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical & Life Sciences, Sensing), Component & Geography-Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

The silicon photonics market is estimated to be worth USD 774.1 Million in 2018 and is expected to reach USD 1,988.2 Million by 2023, growing at a CAGR of 20.8% between 2018 and 2023.

This report segments the silicon photonics market on the basis of products, components, applications, and regions. The silicon photonics market has been segmented on the basis of products into transceiver, variable optical attenuator, switch, cable, and sensor. The market for transceiver 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. Technological advancements in transceivers capable of supporting high data speeds are driving the market growth.

APAC is expected to grow at the highest CAGR for the silicon photonics market during the forecast period. This is due to the increasing use of internet services in data center and telecommunications applications in this region. Also, major players have their manufacturing plants in APAC, fueling the growth of silicon photonics in APAC. The silicon photonics market in APAC is mainly driven by China as major players have their production facilities in the country. It is expected that there will be an increase in the use of silicon photonics transceivers for telecommunications application due the consistent rise in the use of smartphones and internet facilities in the country. Expos and conferences that showcase and promote emerging technologies would help in the growth of the silicon photonics market in the country.

Market Dynamics

Drivers

    --  Rising Demand for Silicon Photonics Based Products in Data Centers
    --  Reduction in Power Consumption With Use of Silicon Photonics Based
        Transceivers
    --  Growing Requirement of High Bandwidth and High Data Transfer
        Capabilities

Restraints

    --  Risk of Thermal Effect
    --  Complexity for Integration of On-Chip Laser

Opportunities

    --  Growing Government and Stakeholder Funding
    --  Emerging Applications of Silicon Photonics
    --  Short-Reach Communication

Challenges

    --  Component Integration Into a Small Circuit
    --  Inefficient Electroluminescence

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Silicon Photonics Market, by Product

7 Silicon Photonics Market, by Component

8 Silicon Photonics Market, by Application

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

    --  Acacia
    --  Broadcom Limited
    --  Ciena
    --  Cisco
    --  Finisar
    --  Globalfoundries
    --  Hamamatsu
    --  IBM
    --  Intel
    --  Juniper
    --  Lumentum
    --  Luxtera
    --  Mellanox
    --  Neophotonics
    --  Oclaro
    --  Ranovus
    --  Reflex Photonics
    --  Rockley Photonics
    --  Sicoya
    --  STMicroelectronics

For more information about this report visit https://www.researchandmarkets.com/research/6459ll/global_silicon?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-silicon-photonics-market-2018-2023-forecast-to-reach-198-billion---growing-government--stakeholder-funding-300609042.html

SOURCE Research and Markets