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Follow on Google News | Silicon Photonics Market worth 1,078.9 Million USD by 2022Silicon Photonics Market by Component (Optical Waveguides, Optical Modulators, Photo Detectors, WDM, Lasers), Product (Transceivers, Active Optical Cables, Multiplexers, and Attenuators), Application, and Geography
By: Marketsandmarkets High demand for active components and active optical cables expected to drive the silicon photonics market The market for active components is expected to grow at the highest CAGR between 2016 and 2022. Active components include optical modulators, photo detectors, wavelength-division multiplexing filters, switches, and lasers integrated within a single device, providing a smaller form factor with the help of silicon photonics. The advancements in silicon photonics-based networking services would lead the silicon photonics market. The demand for the installation of silicon as an optical medium in photonics device for high-speed data transmission with low cost is growing. Therefore, the demand for active components in silicon photonics is high. Download PDF Brochure @ http://www.marketsandmarkets.com/ Data communication application expected to witness the highest growth between 2016 and 2022 The market for the data communication application is expected to grow at the highest CAGR between 2016 and 2022. The demand for high-speed data transfer in data centers is expected to boost the market for silicon photonics technology. In this application, silicon photonics enhances performance in terms of computation, communication, and measurement to fulfill the needs of consumers and enterprise cloud services. This would drive the growth of the silicon photonics market for the data communication application. APAC expected to hold the largest market share and witness high growth during the forecast period The silicon photonics market in APAC is expected to grow at the highest CAGR between 2016 and 2022. The reason for this growth is adoption of new technologies, economic growth, and increasing use of cloud-based and networking services in the corporate world. The rapid increase in technological innovations and advanced communication systems are driving the demand for silicon photonics in China, Japan, India, and South Korea. Most of the developments in telecommunication and data communication applications are expected in this region. Therefore, the market in APAC is expected to grow rapidly during the forecast period. Request Sample Copy @ http://www.marketsandmarkets.com/ The key players in the ecosystem of the silicon photonics market profiled in this report are Cisco Systems, Inc. (U.S.), Intel Corporation (U.S.), IBM Corporation (U.S.), Mellanox Technologies, Ltd. (U.S., Israel), Hamamatsu Photonics K.K. (Japan), STMicroelectronics N.V. (Switzerland) About MarketsandMarkets MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Rohan Markets and Markets UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar Pune, Maharashtra 411013, India 1-888-600-6441 Email: sales@marketsandmarkets.com End
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