Silicon Photonics Market (Silicon Optical Interconnects & Wavelength Division Multiplexer Filters) to Reach $410.78 Million by 2020 -New Report by MarketsandMarkets
(PRWEB) December 08, 2014 -- According to the new market research report "Silicon Photonics Market by Products (Silicon Optical Interconnects & Wavelength Division Multiplexer Filters & Others), Applications (Telecommunication, Datacom, High Performance Computing & Others) & Geography - Analysis & Forecast (2013-2020)" , the total market is expected to reach $410.78 million by 2020, growing at a CAGR of 24.5% for the period from 2013 to 2020.
Browse 70 market data tables and 24 figures spread through 204 pages and in-depth TOC on "Silicon Photonics Market"
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Traditionally, North America and Europe have dominated the silicon Photonics market due to the innovation happening in this region and due to merger of small silicon Photonics companies with big companies in the silicon Photonics domain. However, the Asian region lags far behind its counterparts as far as the silicon Photonics technology is concerned. One of the key factors responsible for it is the lack of knowledge of the silicon Photonics technology. One of the major advantages of using silicon Photonics technology is the reduction in the optical power. Silicon Photonics technology is not matures as of yet, the industry specialist is expecting a few of the packaging standards for Silicon Photonics coming up in near future. This will inform the fabrication processes and silicon Photonics industry well in bloom after that.
Silicon Photonics is comparatively new technology which got commercialized in the last decade. Basically Silicon Photonics is the technology which uses optical rays to communicate with other computer chips. This technology has the potential to satisfy ever growing need of bandwidth requirement of the communication and data networks. Silicon photonics will be a key element in future Datacom and telecom network.
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Silicon Photonics is the technology of photonic systems which uses silicon as an optical medium. Silicon Photonics allows data to transfer between the computer chips through optical rays. Silicon Photonics will satisfy the ever growing need of high data transfer rate and will enhance the computational and processing capabilities of the data centers. In coming future silicon, Photonics market for Datacom and telecom applications is expected to grow at a rapid pace.
With the development in technology and easy availability of the communication devices, data traffic is increasing rapidly and is expected to increase exponentially in coming future. This is creating an extra burden on existing infrastructure as these infrastructures are not designed to handle load of data.
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