Industry Insights
In 2015, the global
Silicon Photonics Market size was valued at USD 123 million and is predicted to grow due to
increasing uses of photonic technology. Silicon photonics has applications in
telecommunication and data infrastructure as they have huge impact on energy
efficiencies of communication Network. The need of silicon photonics in
application areas such as consumer electronics, IT and increasing demand for
optical multiplexers, optical attenuators and optical cables will drive the
market in forecasted period.
Silicon photonics
technology uses silicon as platform for photonic circuits to create highly
integrated optical communication systems. The key elements of value chain
include raw material suppliers, components manufacturers, Original equipment
manufacturers, distributors and end users.
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The distributors stage
consist of channel partners, resellers, direct sales partners and vendors that
are involved with sales and distribution of photonic systems. Ibsen Photonics
A/S of Denmark make efficient use of Distributors spread across Russia,
Singapore, China, India, Taiwan and Israel to meet Customers evolving
requirement.
Optical component vendor
have witnessed massive price reduction in their market. The manufacturers have
incurred loss due to high fabrication cost and low selling price. Besides, the
market is also competitive.
Component Insights
The market can be segmented
based on use of different components such as Optical waveguides, lasers,
optical modulators, Wavelength-Division multiplexing and photodetectors. Among
these, the WDM segment is expected to dominate the component arena in terms of
size by 2025. WDM filter is used in current electronics and current fibers.
The excess use of Internet
worldwide, where WDM filter plays vital role will push the growth in data
communication segment.
Application Insights
Based on applications, the
market can be fragmented into IT & telecommunication, consumer electronics,
commercial, defense and security and healthcare & life science. The IT
& telecommunication segment would dominate the application field in terms
of size in 2015.
Increase in number of
smartphones and its penetration is expected to lead to high growth of Global
telecommunication sector over the forecasted period. Technological advancements
in silicon photonics will maximize performance and propel the IT &
telecommunication industry. Commercial application segment will dominate in
terms of CAGR in next seven years.
Regional Insights
Asia Pacific region is
predicted to grow at a highest CAGR from 2016 to 2025. A strong demand and
growth in consumer electronics manufacturers, transportation network as led to
adoption of Silicon photonics technology.
In 2015, North American
market dominated industry in terms of revenue. The key features of silicon
photonics product such as low power consumption, small size and high efficiency
are important reasons for adoption of this technology. The firms are investing
in R&D for continuous development of advance photonic products that will
lower the cost of high-speed internet access and will boost efficiency of
Communication networks.
Competitive Insights
Cisco Systems Inc.,
Mellanox Technologies, Molex Corporation, Intel Corporation, and Finisar
Corporation are major players in Silicon photonics market. These firms are
striving hard for market share through innovative product launches and upgraded
transmission capabilities.
Avago technologies,
Infinera, OneChip photonics, Luxtera are some identified players in global
silicon photonic market.
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