The market research report, entitled Silicon Photonics Market shows good possibilities in the Silicon Photonics Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges, and key players in the market.

Global Silicon Photonics Market Forecast:

The Silicon Photonics Market is likely to witness an impressive CAGR of 20.5% during the forecast period. The prime factor that is contributing to the growth of the market for silicon photonics is mainly the surge in demand for high-speed data transmission in data centers, globally.

Key Players

The following are some of the key players in the Silicon Photonics Market:

• Acacia
• Broadcoam
• Cisco
• Finisar
• GlobalFoundries
• Hamamatsu Photonics
• Intel
• IBM
• Mellanox Technologies
• STMicroelectronics.

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COVID-19 Impact on Global Silicon Photonics Market

The COVID-19 pandemic is likely to favorably impact market growth. To curb the spread of the virus, countries worldwide are imposing restrictions and are promoting social distancing measures. Strict restrictions on the movement of people are further expected to negatively impact land-based casino operations.

Silicon Photonics Market Segmentation:

The report segments based on demographics, geographics, benefits, and volume, etc, have different driving factors and identify the most attractive segments and sub-segments. Silicon Photonics Market segmentation will not only help marketers to be more efficient in terms of time, money, and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.

By Product Type

Based on the product type, the market is segmented as a switch, transceiver, cable, sensor, and a variable optical attenuator. The transceiver segment held the largest share of the market in 2020 and is expected to remain dominant during the forecast period. The wide use of transceivers in data centers and high-performance computing; telecommunications; and military, defense, and aerospace is driving the growth of this segment.

By Application Type

Based on the application type, the silicon photonics market is segmented as data center and high-performance computing; telecommunications; military, defense, and aerospace; medical and life sciences; and sensing. With the surge in demand for cloud computing, there is an exponential increase in data traffic; various enterprises are shifting towards Software as a Service (SaaS) applications, which has led to an increase in demand for data centers, globally. Thus, the data center and high-performance computing segment are expected to remain dominant during the forecast period.

Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2021 to 2026.

Regional Analysis

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for silicon photonics during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as data centers, telecommunications, military defense, and others, which is generating huge demand for silicon photonics and the presence of a large number of players in the silicon photonics market in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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