The silicon photonics market is expected to be valued at USD 774.1 million in 2018 and is expected to reach USD 1,988.2 million by 2023, at a CAGR of 20.8% between 2018 and 2023.
Rising demand for silicon photonics in data centers and the growing requirement of high bandwidth and high data transfer capabilities are the key factors contributing to the growth of the silicon photonics market.
The risk of thermal effect remains to be a major restraint affecting the growth of the silicon photonics market.
Complete report on Silicon Photonics Market spread across 160 pages, profiling 15 companies and supported with 67 tables and 66 figures is now available at www.rnrmarketresearch.com/silicon-…arket-report.html
The silicon photonics market for transceivers 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.
Many tier 1 players are entering into this market-for instance, Intel (US) started its research in silicon photonics in the last decade and launched its first 10 Gbps product in partnership with Luxtera. Further, in May 2017, Intel launched 100G CWDM4 and QSFP28 optical transceiver that has higher bandwidth capabilities and can support speeds up to 100 Gbps.
Data center and high-performance computing held largest share of silicon photonics market in 2017
Data center and high-performance computing held the largest share of the silicon photonics market in 2017.Data centers are experiencing an exponential increase in data traffic due to the rise of cloud computing and several emerging web applications. To manage this network load, large data centers are required with thousands of servers interconnected with high-bandwidth switches.
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Silicon photonics market in APAC to grow at highest CAGR during forecast period
The silicon photonics market in APAC is expected to grow at the highest CAGR between 2018 and 2023.China, Japan, and South Korea are the major contributors to the market in APAC. The increasing requirement of high-speed data communication and the increasing focus of international and domestic IT companies on big data analytics and cloud-based services in the region would fuel the growth of the silicon photonics market.
Increasing investments toward the development of silicon photonics products, and domestic players on the silicon photonics market, and increasing R&D activities in the region also fuel the market growth.
As a part of qualitative analysis, the research provides a comprehensive review of the major market drivers, restraints, and opportunities impacting the global hydrophilic coating market. It also discusses competitive strategies adopted by leading market players to sustain their position in the global hydrophilic coating market.
The companies profiled in this report are Acacia (Switzerland), Luxtera (US), Intel (US), Cisco (US), Mellanox (Israel/US), Finisar (US), STMicroelectronics (Switzerland), Hamamatsu (Japan), IBM (US), Juniper (US), GlobalFoundries(US), Broadcom (US), Oclaro (US), Neophotonics (US), and Ciena (US)
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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