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Global Silicon Photonics Market is expected to rise to $810000 thousand by 2025LONDON, July 13, 2017 /PRNewswire/ -- Highlights · Silicon photonics technology is a combination of silicon electronics and photonics and has an immense potential to fulfill the growing demands of optical communication systems. · The Global Silicon Photonics market is expected to grow at a CAGR of 40.95 % between the forecast periods of 2017-2025. · The revenue generated by the global market is predicted to increase from $46000 thousand in 2016 to $810000 thousand by 2025. · The market is segmented on the basis of components, products, and application. · The components can be further classified into silicon photonic waveguides, optical modulators and silicon optical interconnects. · By product type, the market constitutes of silicon optical transceivers, silicon optical switches, silicon photonic IC, silicon photonic sensors and silicon photonic photovoltaic cells/solar cells. · The Optical Switcher market had the largest market share of 45.57% in 2016 whereas it is the Solar Cells market which is expected to grow faster at a CAGR of 62.46%. · The North America Silicon photonics market generated a revenue of $23738 thousand in 2016 and is anticipated to hold the largest share of the global market by the year 2025, because of the early commercialization of wavelength division multiplexer filters. · The photodetector market is expanding in Europe due to an increase in the usage and absorption rate of such products in this region and the market is expected to generate a revenue of $12064 thousand by 2025. KEY FINDINGS MARKET INSIGHTS The market is segmented on the basis of components, products, and application. The components can be further classified into silicon photonic waveguides, optical modulators and silicon optical interconnects. By product type, the market constitutes of silicon optical transceivers, silicon optical switches, silicon photonic IC, silicon photonic sensors and silicon photonic photovoltaic cells/solar cells. The Optical Switcher market had the largest market share of 45.57% in 2016 whereas it is the Solar Cells market which is expected to grow faster at a CAGR of 62.46%. At present, silicon photonics is widely applied in the telecommunication field. Thus, the telecommunication application is anticipated to dominate the silicon photonics market. The Sensing market application is also expected to grow at a CAGR of 42.35% during the forecast period but it is the spectroscopy application which is predicted to exhibit the fastest growth in the coming years. REGIONAL INSIGHTS
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