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(Transportation-News.com, October 10, 2018 ) According to Verified Market Intelligence, The Global Silicon Photonics market was valued at USD 624.80 Million in 2017 and is projected to reach USD 2.63 Billion by 2025, growing at a CAGR of 19.7% from 2018 to 2025.
Silicon photonics mainly comprises devices that use silicon material as the optical medium. It is easy to manufacture hybrid devices by using silicon as a substrate material. These manufactured hybrid devices consist of electronic as well as the optic components that are incorporated on a single chip. This results in an addition of electro-optic and optoelectronic interactions of electrons and photons. Various features of silicon photonics such as low environmental footprint, low rate of error, high density of interconnects have contributed to the growth of the silicon photonics market.
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Silicon photonics involves combining of various technologies such as a complementary metal oxide semiconductor (CMOS), 3D stacking and micro-electro-mechanical systems (MEMS). It has application in various industries such as healthcare, military & defense, metrology and many more. Increase in demand of silicon photonics products in the data center, growing internet traffic and requirement of high data transfer capabilities have been driving the global silicon photonics market, while complex integration of on-chip laser and thermal effect risk might hinder the overall growth at a global level.
The “Global Silicon Photonics Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Intertek Group PLC, Bureau Veritas SA, SGS Group, ASTM International, ALS Ltd., TUV SUD AG, DNV GL Group AS, AsureQuality Ltd., Underwriters Laboratories Inc, Dekra SE, Lloyd’s Register Group Limited, and TÜV Rheinland Group. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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