Market Analysis
The Silicon Photonics Market Share will touch USD 2,518.59 million at a 20.71% CAGR in the forecast period (2020- 2027), states the latest Market Research Future’s (MRFR) Silicon Photonics Market Share report.
COVID-19 Analysis
The COVID-19 pandemic has impacted the overall production capability of the silicon photonics owing to lack of skilled workforce. The falling semiconductor sector in China has majorly restricted the market growth. The growing work from home scenarios has increased the need for 5G technology and high-speed internet connection. This will boost the need for silicon photonics for delivering high bandwidth high speed data transfer.
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Key Players
Eminent players profiled in the global silicon photonics market report include Infinera Corporation (US), Cisco Systems Inc. (US), Intel Corporation (US), IBM Corporation(US), Mellanox Technologies Ltd (Israel), Hamamatsu Photonics K.K (Japan), STMicroelectronics NV (Switzerland), Finisar Corporation (US), FLIR Systems (US), IPG Photonics Corporation (US), NKT Photonics (Denmark), SICOYA (Germany), AIO Core Co. Ltd (Japan), and DAS Photonics (Spain).
The global silicon photonics market is fragmented and highly competitive for the presence of different international domestic industry players. These players have encompassed innovative strategies to stay ahead and sufficing the customers surging requirement that comprises contracts, partnerships, geographic expansions, collaborations, joint ventures, novel product launches, and more.
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Market Segmentation
The silicon photonics market is segmented based on product, component, and end user.
By product, the transceivers segment will lead the market over the forecast period.
By component, the laser segment will dominate the market over the forecast period.
By end users, the IT and telecommunication segment will spearhead the market over the forecast period.
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Regional Analysis
North America to Have Lions Share in Silicon Photonics Market
North America will possess the lions share in the market over the forecast period. Development in the remote surgeries and remote consultation in healthcare and medical industries, the region being the hub of many technology companies and research and development establishments resulting in prominent technological advancements and innovations, huge steady flow of monetary investments accessible for research related activities from venture capitalists and governments, growing demand for high performance, customized and low cost components in life sciences, telecommunications, and other sectors, and the significant deployment of 5G in major countries like France, China, and the US are adding to the global silicon photonics market share in the region.
