The Silicon Photonics Market deals with the technology in which data is transferred among computer chips by optical rays. In silicon photonics technology, silicon is used as an optical medium for the photonic circuits to create optical communication system which is highly integrated.
Silicon photonics used in various applications such as consumer electronics, telecommunications, aerospace & defense, health-care and industrial automation. The projected growth of photonics products is attributed to their ability to be incorporated in dynamic particular application areas, such as consumer electronics, IT and telecommunication and commercial. Increasing demand for active optical cables, optical multiplexers and optical attenuators are providing numerous growth opportunities for the market growth.
The rising demand for decreased form factor, increased efficiency and speed of data transfer is a factor driving the growth of the Silicon Photonics Market. Silicon photonics is revolutionizing the optics market. The ability to provide faster data communication is the major key growth driver for the market.
It also has the added benefit of addressing issues such as noise, energy consumption while offering high bandwidth. The higher reflective index that Si photonics are associated with it that makes the fabrication of smaller photonic devices difficult. This factor is the major one that restrains the market growth. Along with this, the thermal effect problem is another factor that needs to be addressed.
Currently North America is leading the Silicon Photonics Market by holding the maximum market shares and is expected to continue the same till the end of forecast period. Asia-Pacific is expected to witness the highest growth rate due to presence of large semiconductor and electronics manufacturers in this region. Europe is poised to grow at a moderate rate.
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