Silicon Photonics Market Size To Hit US$ 8,317 9 Million By 2030, At 23 03% CAGR: Coherent Market Insights menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Silicon photonics is an emerging technology that integrates photonic systems and electronic circuits on a single silicon chip to perform optical functions.
Major players in the gigabit passive optical network market are Huawei, Cisco, Calix, ADTRAN, Alcatel-lucent, Himachal Futuristic Communications, MACOM,.
The explosive growth of internet users across the globe is set to surge the demand in high speed internet connectivity thereby driving the photonic IC components in the telecommunication sector.
Photonic IC Market Estimated to Grow at a CAGR of 35.54% During 2019â2024 Growing Establishment of Data Centers is also Analyzed to Be One of the Major Market Drivers for Photonic IC Market.
BriefingWire.com, 1/13/2021 - The global Photonic IC Market is estimated to surpass $26 billion by 2024 growing at an astonishing CAGR of 35.54% during 2019-2024, from $4.4 billion in 2018. The explosive growth of internet users across the globe is set to surge the demand in high-speed internet connectivity thereby driving the photonic IC components in the telecommunication sector. Apart from this, the growing establishment of data centers is also analyzed to be one of the major market drivers for photonic IC market.