Outlook on the World Silicon Photonics Market, 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 14, 2019--
The “Silicon Photonics Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The silicon photonics market is expected to register a CAGR of over 18.68% during the forecast period 2019-2024.
With the increasing trend of miniaturization of electronic devices coupled with the increasing need for efficiency and speed has led to an increase in the demand for the silicon photonics market.
With the rise of cloud computing, there is an exponential increase in the data traffic, which has led to an increase in demand for the data centers globally. Owing to the high demand for high-speed data transmission in data centers is expected to fuel the market demand.
For instance, in September 2018, Intel has unveiled details of its silicon photonics products that aim to optimize data transfer between computer chips via optical rays, providing 100 Gigabit-per-second connectivity for large-scale cloud and enterprise data centers. With such a product portfolio, it is expected that it may positively influence the global silicon photonics market.
Moreover, the rise in demand for live streaming and broadcasting which requires fast and reliable wireless connections is boosting the penetration of 5G globally. Thus, owing to the benefits such as the energy-efficient and high-speed performance, it is expected that it will replace the electrical switches. This is expected to lead to an increase in demand for the silicon photonics market.
However, on the flip, few silicon photonics-based devices might have a thermal effect problem, which may hamper the performance of the devices and the high cost of integration of circuits are few factors that restraints the market to grow in the forecasted period.
Key Market Trends
Data Centres Expected to Register Significant Growth
Asia-Pacific to Witness the Fastest Growth
Many manufacturers are favoring the silicon photonics technology and are ready to invest in this technology to gain a competitive edge. Therefore, the silicon photonics market is highly competitive in nature because of the increasing number of players globally. Few prominent players operating in this market include Infinera Corporation, Intel Corporation, Acacia Communications, Inc, and Cisco Systems, Inc.
Some of the recent developments are:
Key Topics Covered
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Reduction in Power Consumption With Use of Silicon Photonics Based Transceivers
4.2.2 Growing Need for High Speed Connectivity and High Data Transfer Capabilities Across Data Centers
4.3 Market Restraints
4.3.1 Risk of Thermal Effect
4.4 Industry Value Chain Chain Analysis
4.5 Industry Attractiveness - Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Data Center
5.2.1 North America
5.2.4 Rest of the World
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Acacia Communications, Inc.
6.1.2 Intel Corporation
6.1.3 Cisco Systems, Inc.
6.1.4 Infinera Corporation
6.1.5 IBM Corporation
6.1.6 Juniper Networks, Inc.
6.1.8 Broadcom Limited
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/j8rksr
View source version on businesswire.com:https://www.businesswire.com/news/home/20191114005628/en/
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 11/14/2019 11:31 AM/DISC: 11/14/2019 11:31 AM