Silicon Photonics Market Rising To Billion Buck Territory

MarketsandMarkets report - "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" – suggests that the overall market for silicon photonics will be worth $774.1 Million in 2018 and is expected to reach $1,988.2 Million by 2023, at a CAGR of 20.8% between 2018 and 2023. 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 data transfer capabilities are the factors driving the market.

 

Report Highlights

SENSORS MIDWEST

Sensors Midwest Hits Rosemont, IL October 16-17!

Sensors Midwest, the industry's largest event focusing on sensors, design, and IIoT in the Midwest region, is scheduled for October 16-17 at the Donald E. Stephens Convention Center in Rosemont, IL. Co-located with STMA, the event draws over 1,000 engineers and engineering professionals that are looking for access to the latest sensor advancements and will provide an opportunity to connect with the area's greatest technology leaders and suppliers.
  • Transceivers to hold major share of silicon photonics market during forecast period
  • Silicon photonics market for data center and high-performance computing to grow at highest CAGR during forecast period
  • North America to hold major share of silicon photonics market between 2018 and 2023
  • Major players in the silicon photonics market are Acacia (US), 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),

If this is your market and/or you need to know more, feel free to browse the report’s 67 tables and 66 figures spread through 160 pages and in-depth table of contents. Also good to know, early buyers will receive 10% customization on this report.

 

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