An exponential growth has been observed in the storage of both structured and non-structured data as the society is transitioning to become a data-centric one. Data storage, computation, and networking are anticipated to bring new possibilities. Organizations are making use of the Big Data to gain agility, identify loopholes, and accordingly work to maximize their potential and transform the businesses. The data centers available today have enormous computational power, processing capacity, and storage facility. However, the increased user requirements and technological innovations have led to the development of new ways of managing and measuring data so that insightful solutions and interpretation can be derived out of the complex pile of big data. Especially during the ongoing situation of COVID-19, when digitalization is one of the most effective tools for sustainability, the requirement of effective data centers and higher speed interconnects have become a necessity.
Silicon photonics is a technology that uses silicon as an optical medium for data transmission. The technology is both cost as well as energy-efficient and majorly helps in resolving problems related to huge data transfer (>100 Gigabyte) and slow internet speed. The problem of transferring huge amounts of data swiftly could be resolved through high density photonics integration with photonics devices.
The Silicon Photonics Market accounted for $520.0 million in 2019 and is expected to reach $3.07 billion by 2025. The market is anticipated to grow at a CAGR of 33.95% during the forecast period 2020 to 2025. Rapid expansion of the internet and high mobile adoption are some of the major opportunities that the silicon photonics market is lined up with in the coming future. Over the years, major players are showing their interest in the silicon photonics market. Players such as Intel Corporation, Cisco Systems, Inc., IBM Corporation and Juniper Networks, Inc. among others are investing to a large extent in the global silicon photonics market in order to improvise their products as well as to capture a major market share.
Competitive Landscape
Some of the strategies adopted by the companies are new product launches, business expansions, and partnerships, and collaborations. Among all the strategies adopted, partnerships and collaborations and product launches have been the leading choices implemented in the competitive landscape. IBM Corporation, II-VI Incorporated, Infinera Corporation, Intel Corporation, and Juniper Networks, Inc. are some of the leading players in the global silicon photonics market. The industry landscape is quite competitive because of the large number of players in the market. Therefore, innovation and development have been the key factors for large scale growth in this market. To increase their overall global footprint, the manufacturers are expanding their businesses and are also entering into strategic partnerships to increase their customer base and overall reach.
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Key Questions Answered in this Report:
• What are the key drivers and challenges in the global silicon photonics market?
• How does the supply chain function in the global silicon photonics market?
• Which product type segment is expected to witness the maximum demand growth in the global silicon photonics market during 2019-2025?
• Which are the key application areas for which silicon photonics may experience high demand during the forecast period, 2020-2025?
• Which are the key suppliers of silicon photonics in different countries and regions?
• How is the industry expected to evolve during the forecast period 2020-2025?
• What are the key offerings of the prominent manufacturers in the global silicon photonics market?
• Which regions and countries are leading in terms of consumption of silicon photonics, and which of them are expected to witness high demand growth from 2019 to 2025?
• What are the key consumer attributes in various countries in the silicon photonics market?
• Which are the major patents filed in space?
• What are the key developmental strategies which are implemented by the key players to sustain in the competitive market?
• What is the competitive strength of the key players in the silicon photonics market on the basis of their recent developments, product offerings, and regional presence?
• Which are the key players (along with their detailed analysis and profiles, including their company snapshots, key products and services, and strength and weakness analysis) in the market?
• What is the competitive strength of the key players in the silicon photonics market on the basis of their recent developments, product offerings, and regional presence?
• Which are the key players (along with their detailed analysis and profiles, including their company snapshots, key products and services, and strength and weakness analysis) in the market?
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