is used as the communication medium in photonic circuits, it is referred to as silicon photonics. The rising demand for decreased form factor, increased efficiency and speed of data transfer is a factor driving the growth of the silicon photonics market. Silicon photonics is revolutionizing the optics market. The ability to provide faster data communication is key to the growth of this market. It also has the added benefit of addressing issues such a noise, energy consumption while offering high bandwidth. One factor inhibiting the growth of this market is the high reflective index that silicon photonics are associated with and this makes it difficult in the fabrication of smaller devices. Along with this, the thermal effect problem is another factor that needs to be addressed.
Given the factors augmenting the growth of this market, it is expected to witness a healthy double digit growth rate over the forecast period considered in this report. The Silicon Photonics market
can be segmented on the basis of components Waveguides, Modulators, Interconnects, LEDs, Photo detectors, Switches, Wavelength division multiplexing filters, Lasers and Others. Telecommunications presently accounts for the largest share amongst all the other applications of silicon photonics. Consumer electronic devices particularly required technologies that facilitate faster data transfer and processing and this is expected to drive the growth of the market in this application areas. With further technological advances over the next few years, it is expected that silicon photonics will be used for long range communication. In terms of applications, the Silicon Photonics market has been segmented across the following Aerospace & Defense, Healthcare, Telecommunications, Consumer Electronics, Industrial Automation and Others.
North America is currently the leader in the silicon photonics market in terms of the market share. This is expected to remain the same till the end of the forecast period. However, asia pacific is poised to grow at the highest rate owing to the presence of the large semiconductor and electronics manufacturers in the region. The market has been segmented based on the following geographies North America, South America, APAC, Europe, Middle East and Africa.
Collaborations and acquisitions are a key business strategy being adopted by some of the players in this market. Following are just a few of the companies that are operating in the Silicon Photonics market:
- Mellanox Technologies and several more.