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Silicon Photonics Market Is Anticipated To Grow At A Cagr Of 20% During 2019 To 2024
The global silicon photonics market is projected to grow at a CAGR of 20% during 2019 to 2024. The growth of silicon photonics market is driven by rising demand for silicon photonics based products in data centers, reduction in power consumption with use of silicon photonics based transceivers, and growing requirement of high bandwidth and high data transfer capabilities.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global silicon photonics market by device type (transceiver, variable optical attenuator, switch, cable, and sensor), component (laser, photodetector, and modulator), end use industry (data center & high-performance computing, telecommunications, military, defense, and aerospace, medical & life sciences, and sensing), and region (APAC, North America, Europe, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the silicon photonics market?
Q.4 What are some changing demands of customers in the silicon photonics market?
... Q.5 What are the new developments in the silicon photonics market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this silicon photonics area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this silicon photonics market?
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Based on device type, the silicon photonics market is segmented into transceiver, variable optical attenuator, switch, cable, and sensor. The transceiver segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing demand for transceiver in data center and high performance computing market.
APAC will remain the largest market over the forecast period due to increasing use of internet services in data center and telecommunication applications.
Key Players in the silicon photonics market are Acacia, Intel, Cisco, Mellanox, Finisar, Global foundries, Hamamatsu, IBM, Juniper, STMicroelectronics.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/silicon-photonics-market.aspx
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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