The major contributing factor for the growth of the market for Silicon Photonics Sensor can be the Increase in need for higher data transfer rate, high-throughput and high sensitivity to improvise the processing and computational capabilities of data centers.
Market Size – USD 9.26 billion in 2018, Market Growth – CAGR of 13.55%, Market Trends – rise of microelectronics technologies.
The Silicon Photonics Sensor Market is expected to grow from USD 9.26 billion in 2018 to USD 28.35 billion by 2026, at a CAGR of 13.55% during the forecast period. Increase in need for higher data transfer rate, high-throughput and high sensitivity to improvise the processing and computational capabilities of data centers, reduced costs and less power consumption of silicon photonics based transceivers and need for high-speed data transmission systems are some of the driving factors of the market.
Thermal effects faced by the silicon photonics sensor based devices and difficulties in fabricating smaller devices due to high reflective index of the silicon photonics may restrain the growth of the Silicon Photonics Sensor market.
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Key players with in Silicon Photonics Sensor market are Finisar, Hewlett-Packard, IBM Corp, Oracle Corporation, Phoenix Software, Luxtera, Mellanox Technologies, Das Photonics, Infinera, and 3s Photonics, among others.
Further key findings from the report suggest
- The Silicon Photonics Sensor market is segmented by product type into silicon photonics waveguides, silicon optical modulators, silicon LED, silicon photo detectors and others. The market for silicon photonics waveguides is expected to witness highest growth of approx. CAGR of 15.22% during the forecast period, due high internet connectivity, high bandwidth, low power consumption, reducing costs and the increasing usage of waveguides in the data transfer applications.
- The Silicon Photonics Sensor market is segmented by application into aerospace, defense, transportation, manufacturing, healthcare, power, telecommunications & data transfer, consumer electronics & display, high performance computing and others. The market for aerospace is expected to witness highest growth of CAGR 16.50% during the forecast period, since installation of these sensors will ease the aircraft protection systems measure and reduces time for aircraft maintenance. For instance, temperature monitoring of aircraft bleed air ducts, control valves, and in critical areas of the plane, as well as for overheat detection systems.
- The Silicon Photonics Sensor Market is segmented by Geography into North, America, Europe, Asia Pacific, Latin America and Middle East & Africa. APAC is expected to witness the highest growth in its CAGR 15.16% during the forecast period, due to high internet connectivity, and the dominance of the key manufacturing companies in this region, especially China.
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For the purpose of this report, the market has been segmented on the basis of product type, applications, end users and regional analysis.
- Silicon Photonics Sensor Market by product type (Revenue, USD Million; 2018-2026)
- Silicon Photonics Waveguides
- Silicon Optical Modulators
- Silicon LED
- Silicon Photo detectors
- Others
- Silicon Photonics Sensor Market by applications (Revenue, USD Million; 2018-2026)
- Aerospace & Defense
- Telecommunication and Data Transfer
- Consumer Electronics & Display
- High Performance Computing
- Manufacturing
- Healthcare
- Power
- Others
- Silicon Photonics Sensor Market Regional Outlook (Revenue, USD Million; 2018-2026)
- North America
- US
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- Japan
- India
- Middle East & Africa
- Latin America
- Brazil
- North America
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The research provides answers to the following key questions:
- What will be the market size and growth rate of the Silicon Photonics Sensor market for the forecast period 2018 -2026 across different regions?
- What are the key driving forces expected to shape the future of the industry worldwide?
- What strategies are the prominent vendors adapting to stay ahead of their competitors?
- Which major trends are impacting the development of the Silicon Photonics Sensor Market Worldwide?
- Which factors can hinder, challenge or even restrict the expansion of the Silicon Photonics Sensor market worldwide?
- What are the opportunities or future prospect for the business owners operating in the market for the forecast period, 2018 – 2026?
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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