Silicon Photonics Market Size to Grow by $ 4.15 bn through 2021-2025  

Technavio research projects the silicon photonics market to grow by $ 4.15 bn, accelerating at a CAGR of almost 38% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Silicon Photonics Market: Receive FREE Sample Report

Silicon Photonics Market: Key Market Driver

One of the primary factors that will trigger the growth of the silicon photonics market size is Increasing need for higher bandwidth. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Silicon Photonics Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cisco Systems Inc., GLOBALFOUNDRIES US Inc., II VI Inc., Inphi Corp., Intel Corp., MACOM Technology Solutions Holdings Inc., NVIDIA Corp., NeoPhotonics Corp., Rockley Photonics Holdings Ltd., and STMicroelectronics NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

The silicon photonics market has the potential to grow by USD 4.15 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 37.92%.

This silicon photonics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (communications, consumer electronics, and others) and geography (North America, APAC, Europe, South America, and MEA). The silicon photonics market report also offers information on several market vendors, including Cisco Systems Inc., GLOBALFOUNDRIES US Inc., II VI Inc., Inphi Corp., Intel Corp., MACOM Technology Solutions Holdings Inc., NVIDIA Corp., NeoPhotonics Corp., Rockley Photonics Holdings Ltd., and STMicroelectronics NV among others.

Do you need more details on this market? Click for your copy of the FREE Sample Report

Silicon Photonics Market: Emerging Trends to Impact Market Growth

One of the major trends to impact the silicon photonics market is that researchers are looking at the function of direct storage of optical information on the optical chips. In 2015, researchers from Oxford University along with Karlsruhe Institute of Technology, the University of Muenster, developed a non-volatile memory on a silicon wafer that is written and read optically. The scientists also used phase change materials such as germanium, antimony, and tellurium to investigate electrical memories between the two phases, exploiting the difference in the absorption of light with the 1.5 μm wavelength used for telecommunications. Using this technique, they were able to store multiple bits. Although the multiple bits were larger than electronic memory cells, they enabled compact optical storage. This type of memory on silicon photonic chips is anticipated to have extensive applications in the future and will thus boost market growth in the coming years.

Silicon Photonics Market: Vendor Analysis

The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cisco Systems Inc., GLOBALFOUNDRIES US Inc., II VI Inc., Inphi Corp., Intel Corp., MACOM Technology Solutions Holdings Inc., NVIDIA Corp., NeoPhotonics Corp., Rockley Photonics Holdings Ltd., and STMicroelectronics NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report