Global Silicon Photonics Market, Analysis & Forecast, 2017-2022 (Focus on Transceivers, Optical Cables, RF Circuits, Multiplexers, and Attenuators in Data Communication, Telecommunication, Healthcare, Defence, and Consumer Electronics Applications)
Silicon photonics market is expected to show a remarkable growth in the next 5 years. The factors driving the growth of this market include price, capability, and size. As the price of silicon photonics technology is constantly falling, its demand is extensively increasing in all the verticals including healthcare, telecommunication and defense among others. Over the years, major players are showing their interest in silicon photonics market. Players like Intel Corporation, Cisco Systems, Inc., IBM Corporation and Juniper Networks, Inc. among others are investing extensively in silicon photonics market in order to improvise their products as well as to capture a major market share. However, even with such enormous growth, silicon photonics market is facing a lot of challenges such as problems in adopting different communication systems, risk of thermal effects and lack of commercialization in telecommunication sector. Silicon photonics market is lined up with a handful of opportunities in the coming future. Developed economies are heading up with the upcoming projects on smart cities. Moreover, with the growing awareness towards health, various technological advancements have already been initiated in the healthcare sector which will increase the demand for this technology in healthcare segment.
The U.S. generated the maximum amount of revenue in the year 2015 in the global silicon photonics industry as compared to the other countries, whereas India is expected to have the maximum potential to grow in the forecast period. The U.S has always been on the forefront of the world map when it comes to technological advancement. While profiling major companies, it has been found that most of the renowned companies are US based, giving significant impetus to the growth of this market in the US as well as the whole of North America.
In terms of market value, the optical waveguides dominated the global silicon photonics market in 2015, with a total market share of 45.4%, and is expected to reach at a significant rate by the end of 2022 registering a CAGR of 21.69% over the forecast period. In terms of product segment, transceivers market held the highest share in 2015 and continues to be on the top in the forecast period as well. Optical cables, multiplexers and attenuators, show a sharp downfall in terms of share in silicon photonics product market. Verilink Corporation, Pandatel AG, Moog Inc., TC Communication, Inc are some of the manufacturers as well as suppliers of optical Multiplexers. Wakefield acoustics and Allaway acoustics are some of the manufacturers of attenuators. In the application segment, data communication is growing at the highest CAGR in the forecast period followed by telecommunication and healthcare.
The report is a compilation of different segments of silicon photonics market including a market breakdown by products, components, applications and different geographical locations. The revenue generated from products based on silicon photonics in the market has been tracked to calculate the market size. Under this component, its application areas contributing in shaping the overall market have also been explained. The report also discusses in detail about the key participants involved in the industry.
The report answers the following questions about the global silicon photonics market.
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