Silicon Photonics Market 20.8% CAGR Growth Report by 2023

PUNE, India, March 2, 2018 /PRNewswire/ --

ReportsnReports.com adds Silicon Photonics Market is forecast to reach $1,988.2 million by 2023 from $774.1 million in 2018 at a CAGR of 20.8% during (2018-2023) driven by rising demand for silicon photonics in data centers, reduction in power consumption with use of silicon photonics based transceivers, and the growing requirement of high bandwidth and high data transfer capabilities.

Browse 67 Market Data Tables and 66 Figures spread through 160 Pages and in-depth TOC on "Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical and Life Sciences, Sensing), Component, and Geography - Global Forecast to 2023" http://www.reportsnreports.com/reports/1367553-silicon-photonics-market-by-product-transceiver-switch-variable-optical-attenuator-cable-sensor-application-data-center-telecommunications-military-defense-medical-and-life-sciences-sensing-component-st-to-2023.html .

The major players in the silicon photonics market 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).

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.

Inquire for DISCOUNT on "Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical and Life Sciences, Sensing), Component, and Geography - Global Forecast to 2023" research report at http://www.reportsnreports.com/contacts/discount.aspx?name=1367553 .

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. A detailed competitive landscape of the key players (along with their revenues) in the market has been included in this report.

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.

The North America will hold major share of silicon photonics market between 2018 and 2023. The risk of thermal effect remains to be a major restraint affecting the growth of the silicon photonics market. The US is expected to be a major contributor to the market in North America between 2018 and 2023.

Order a copy of "Silicon Photonics Market by Product (Transceiver, Switch, Variable Optical Attenuator, Cable, Sensor), Application (Data Center, Telecommunications, Military & Defense, Medical and Life Sciences, Sensing), Component, and Geography - Global Forecast to 2023" research report at  http://www.reportsnreports.com/purchase.aspx?name=1367553 .

The report defines, describes, and forecasts the silicon photonics market on the basis of products, components, applications, and regions. It provides detailed information regarding major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the silicon photonics market. It also analyzes competitive developments such as product launches and developments, collaborations, agreements, contracts, partnerships, acquisitions, and expansions carried out by the key players to achieve growth in the market.

In the process of determining and verifying the silicon photonics market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across regions. The breakup of the profiles of primary participants has been given below:

  • By Company Size: Tier 1 - 40%, Tier 2 - 32%, and Tier 3 - 28%
  • By Designation Level: C-Level Executives - 32%, Directors - 44%, and Others - 24%
  • By Region: North America - 42%, Europe - 29%, APAC - 19%, and RoW - 10%

Another research titled Machine Condition Monitoring Market Global Forecast to 2024 says, the machine condition monitoring market is estimated to grow from $2.38 billion in 2018 to $3.50 billion by 2024, at a CAGR of 6.7% between 2018 and 2024. Cloud deployment is expected to witness a higher CAGR during the forecast period. The market for the automotive industry is expected to witness the highest CAGR during the forecast period. North America is expected to dominate the machine condition monitoring market, while APAC is expected to grow at the highest CAGR during the forecast period. Companies such as ALS Limited (Australia), Emerson Electric (US), General Electric (US), Honeywell (US), Meggitt (UK), National Instruments (US), Parker-Hannifin (US), Rockwell Automation (US), Schaeffler (Germany), SKF (Sweden), Azima DLI (US), Bruel & Kjaer (Denmark), Fluke (US) have been profiled in this 204 pages research report available at http://www.reportsnreports.com/purchase.aspx?name=297820 .

Explore more reports on Chemicals Market at http://www.reportsnreports.com/market-research/chemicals/ .

About Us:  

ReportsnReports.com is an online market research reports library of 500,000+ in-depth studies of over 5000 micro markets. Not limited to any one industry, ReportsnReports.com offers research studies on agriculture, energy and power, chemicals, environment, medical devices, healthcare, food and beverages, water, advanced materials and much more.

Contact:
Hrishikesh Patwardhan
2nd Floor, Metropole Building,
Next to Inox Theatre,
Bund Garden Road, Pune - 411001.
Maharashtra, India.
+1-888-391-5441
sales@reportsandreports.com

Connect with Us:   

LinkedIn: http://www.linkedin.com/company/reportsnreports

RSS/Feeds: http://www.reportsnreports.com/feed/l-latestreports.xml

SOURCE ReportsnReports



Journalists and Bloggers

Visit PR Newswire for Journalists for releases, photos and customised feeds just for media.

View and download archived video content distributed by MultiVu on The Digital Center.

 

Get content for your website

Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Start today.

 

 
 

Contact PR Newswire

Send us an email at indiasales@prnewswire.co.in or call us at +91 22 6169 6000

 

 
 

Become a PR Newswire client

Request more information about PR Newswire products & services or call us at +91 22 6169 6000

 

 
  1. Products & Services
  2. Knowledge Centre
  3. Browse News Releases
  4. Contact PR Newswire