According to a new market research report by BIS Research titled ‘Global Silicon Photonics Market, Analysis & Forecast (2017–2022)’, the global silicon photonics market is expected to grow at a rapid growth rate of 20.34% over the forecast period 2016-2022.
The silicon photonics technology transforms the communication industry into a very-large-scale integrated (VLSI) electronics with the integration of digital electronic chips. Silicon photonics is a technology which is both cost as well as energy effective, and majorly helps in resolving the problems related to huge data transfer (>100 GB) and slow internet speed. At present, the major impact of silicon photonics technology can be seen in data communication and healthcare particularly. In ultrasound medical imaging systems, the signal strength will exceed up to 100 GB/sec once aligned with the silicon photonics technology.
New developments in silicon photonics will transform healthcare segment and provide innovative techniques in detecting, curing and handling of diseases. In manufacturing, laser dispensation will be an important condition for manufacturing mass quality production quickly at a cheap rate. Further, photonics technology will also help in eradicating problems associated with optical computing or quantum computing. Silicon photonics proves to be a boon for the communication industry, which will transform the entire communication segment by increasing data ability and data transmission speed, while instantaneously decreasing the overall cost/ bit. Silicon photonics will play a vital role in successfully resolving the challenges associated with energy efficiency and moving to a carbon free economy.
BIS Research Analysis: bisresearch.com/industry-report/global-silicon-photonics-market-2022.html
The problem to transfer huge data quickly could be resolved permanently through high density photonics integration with photonic devices. Moreover, these integrated photonics works closely with energy efficient network operations. Silicon Photonics is the perfect solution for such high density photonic integration, which allows incorporation of photonic devices made of silicon on a silicon wafer. The silicon material is translucent and has a refractive index in the range of 1200-1700 nm telecommunication wavelength. Thus, it is used to build very dense photonic devices.
The main reasons or factors driving the growth of silicon photonics market include price, capability and size. As the price of silicon photonics technology is showing a constant downfall, its demand has been extensively increasing in all the verticals including healthcare, telecommunication and defense among others. Over the years, major players are showing their interest in the silicon photonics market.
Few Companies mentioned in the Report:
• STMicroelectronics NV
• OneChip Photonics
• NeoPhotonics Corporation
• Mellanox Technologies, LTD
• Intel Corporation
• IBM Corporation
• Huawei Technologies Co. Ltd.
• Hamamatsu Photonics
• Finisar Corporation
• Cisco Systems, Inc.
• Broadcom Limited
• Juniper Networks, Inc
• Aifotec AG
Key questions addressed in the report:
• What are the different types of products using silicon photonics technology?
• What are the different types of components used in silicon photonics technology?
• What are the different application areas of the global silicon photonics market?
• What are the different factors driving the global silicon photonics market forward in the forecast period?
• What are the factors challenging the growth of the global silicon photonics market?
• Who are the leading players in the global silicon photonics market?
• What kind of new strategies is being adopted by the existing market players to make a stronger mark in the industry?
• Which region will be the leader in the global silicon photonics market?
• Which country will be the leader in the global silicon photonics market?
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