Silicon Photonics Market worth $497.53 M by 2020

Friday 10 July 2015, Amsterdam

According to the new market research report, now available on ASDReports, "Silicon Phonics Market by Product (Photonic Wavelength, Optical Modulators, Optical Interconnects, WDMF, LED, and Others), by Application (Telecommunication, Data Communication, and Others), and by Geography - Global Trends and Forecasts to 2014 - 2020", The silicon photonics market is expected to grow to $497.53 million by 2020, growing at a CAGR of 27.74% from 2014 to 2020.

The silicon photonics market is growing at a favorable CAGR; it holds a great potential as it is an emerging technology. Silicon photonics is implemented by various companies in their product portfolios due to its advanced features, such as the high speed data transfer and integration of large data into a small device. Various products such as optical waveguides, modulators, and photo-detectors can be integrated within a single device, providing a smaller form factor with the help of silicon photonics. The Wavelength Division Multiplexer Filters (WDMF) and Silicon Optical Modulators (SOM) products hold the highest share in the North American market currently. Thus, this shows that the WDMF and SOM products in the silicon photonics market have a great potential to increase over a period of time.

This report describes the market trends, drivers, and challenges with respect to the global silicon photonics market as it is an emerging technology, and forecasts the market from 2014 to 2020 on the basis of the products, applications, and geography. This global report gives a detailed view of the market across geographies, namely Americas, Europe, Asia-Pacific, and RoW. The North American region dominates the market in terms of the market size; however, the APAC region has been growing at the highest CAGR in this market. The growing demand to transfer data and government funding in silicon photonics are motivating the companies to launch silicon photonics products in the North American market.

The competitive landscape of the market presents a very interesting picture. The market is witnessing new product launches and large scale collaborations, and agreements and partnerships across the value chain, with a number of tier-one players around the globe.

The major players in this market include Intel Corporation (U.S.), Hamamatsu Photonics, K.K (Japan), Finisar Corporation (U.S.), IBM Corp. (U.S.), Luxtera, Inc. (California), ST Microelectronics (Switzerland), 3S Photonics (France), Oclaro Inc. (U.S.), Mellanox technologies (U.S.), and Infinera Inc. (U.S.).