6 February 2015

Silicon photonics market to grow at nearly 28% CAGR to $497.5m by 2020

The silicon photonics market is expected to increase at a compound annual growth rate (CAGR) of 27.74% from 2014 to $497.53m by 2020, according to the report 'Silicon Photonics Market - Global Trends and Forecasts to 2014 - 2020' from MarketsandMarkets Inc.

Silicon photonics is being implemented by various companies in their product portfolios due to features such as high-speed data transfer and the integration of large data into a small device. With the help of silicon photonics, products such as optical waveguides, modulators, and photo-detectors can be integrated within a single device, providing a smaller form factor. In particular, wavelength division multiplexer filters (WDMF) and silicon optical modulators (SOM) have the highest share in the North American market currently. Thus, this shows that WDMF and SOM products in the silicon photonics market have great potential to grow over time.

The silicon photonics market is dominated by the North American region in terms of market size. Growing demand to transfer data as well as government funding in silicon photonics are motivating companies to launch silicon photonics products in the North American market, says the market research firm. However, the Asia-Pacific (APAC) region has been growing at the highest CAGR.

In terms of the competitive landscape, the market is witnessing new product launches and large-scale collaborations, as well as agreements and partnerships across the value chain, with a number of tier-one players around the globe, notes the report.

The report lists the major players in the silicon photonics market as Intel (USA), Hamamatsu Photonics, K.K (Japan), Finisar (USA), IBM (USA), Luxtera (USA), ST Microelectronics (Switzerland), 3S Photonics (France), Oclaro (USA), Mellanox Technologies (USA), and Infinera (USA).

Tags: silicon photonics

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