The global Silicon Photonics Devices Market is forecasted to be worth USD 4,328.5 Million by 2027, according to a current analysis by Emergen Research. As there is a growing trend for connected devices and IoT in several industries, the need for the number of data points has also increased substantially. The factor driving the demand for the market is efficient power consumption usage in silicon photonics devices and increasing the bandwidth requirement for the transfer of large data. Increased funding into the sector has also propelled the growth of the market.

The growing demand for high data transfer capabilities and high bandwidth are boosting the demand for the silicon photonics devices market.

Silicon Photonics Devices  Market Size USD 879.3 Million in 2019, Market Growth - CAGR of 23.2%, Market trends High demand from IT and Telecommunication sector.

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Moreover, with a fall in the price of these devices, the demand has increased extensively in various sectors such as telecommunications, healthcare, and defense, among others. An increase in the level of awareness in the healthcare sector, and incorporation of IT in the industry, such as refractive sensing and lab-on-chip solutions, have also boosted market demand. Over the forecast timeframe, the connectivity service segment is anticipated to dominate the market with a CAGR of 30.2%, as connectivity services include services to mobile network operators to ensure stable and efficient end-user network connection.

In September 2020, Physik Instrumente (PI) and FormFactor join in MeasureOne partnership to advance silicon photonics devices test and measurement development. MeasureOne is focused on delivering performance-validated and integrated solutions to address users test and measurement applications.

Fiber optics have changed the world of network communication since its inception. Fiber optic cables are used to transmit a large amount of data at high speed. The technology is used in the internet cable, and as compared to copper wires, these are lighter, less bulky, and more flexible and can carry more data.

Key participants include Broadcom Limited, Acacia Communications, Inc., Finisar Corporation, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Hamamatsu Photonics K. K., Infinera Corporation, IBM Corporation, Intel Corporation, and Luxtera, among others.

Product Outlook (Revenue, USD Billion; 2017-2027)

Optical Cables

Multiplexers

Optical Transceivers

Attenuators

Radio Frequency Circuit

Application Outlook (Revenue, USD Billion; 2017-2027)

IT & Telecommunication

Healthcare

Defense

Consumer Electronics

Others

Report Highlights:

The report conducts a comparative assessment of the leading market players participating in the global Silicon Photonics Devices market.

The report marks the notable developments that have recently taken place in the Silicon Photonics Devices industry

It details on the strategic initiatives undertaken by the market competitors for business expansion.

It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Silicon Photonics Devices market value chain.

The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.

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Global Silicon Photonics Devices Market Geographical Landscape - Synopsis:

The report closely studies the growth trajectory of the global Silicon Photonics Devices market. It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

The study elaborates on the crucial information pertaining to the regional market share. It simultaneously focuses on the significant details about the growth patterns of each regional market.

Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.

Market Taxonomy:

Chapter 1: Methodology & Scope

Definition and forecast parameters

Methodology and forecast parameters

Data Sources

Chapter 2:

Executive Summary

Business trends

Regional trends

Product trends

End-use trends

Chapter 3:

Industry Insights

Industry segmentation

Industry landscape

Vendor matrix

Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

Business Overview

Financial Data

Product Landscape

Strategic Outlook

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