Silicon Photonics Market - Forecast(2020 - 2025)
Silicon Photonics Market Overview: Silicon photonics is one of the major technologies in the telecommunication industry. The main logic behind advancements in the silicon photonics is the dire need to obtain the final goal in terms of high-density data communication which is reliable, cheaper, and less energy consuming. Various manufacturers from different regions are investing in developing integration capability that will elevate their business and will also lead to the silicon photonics market demand growth. Owing to the increasing demand for better high bandwidth and power efficiency, the global silicon market value had ballooned to $774.15 million in 2018, and the opportunities will increment at a compound annual growth rate (CAGR) of 20.90% during the forecast period of 2019 to 2025. Request Sample North America is positioned as the leading region in the silicon photonics market. As per a report by Cisco, North America leads all regions in network speeds and latency segment, wi