Silicon Photonics Devices Market Research Report, 2018-2024
The global market for silicon photonics devices is thronged with several industry giants such as Intel Corporation and IBM Corporation and small-medium enterprises such as Molex, LLC, and NeoPhotonics Corporation. With the increasing demand for the silicon photonics technology and its applications, companies have the opportunity to expand their services in the market through different strategic approaches. Some of the strategies followed by the contributors are product launches, joint ventures, collaborations, partnerships, acquisitions, and business expansions. In the past three years (January 2015 to May 2018), the market witnessed XX product launches, XX partnerships, and XX acquisitions that have contributed toward the growth of the global market for silicon photonics devices. Several small-medium enterprises are venturing into the market and sustaining the competition through the development of a wide range of applications in different areas such as healthcare and defense.
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The global market for silicon photonics devices has witnessed XX product launches (approximately XX% of the total key developments). Several small-medium enterprises, such as NeoPhotonics Corporation and Molex, LLC, are frequently updating their product portfolio with innovative and application-specific products to sustain the competition. With product launches from companies such as Intel Corporation, Luxtera, and Mellanox Technologies, the market now encompasses high-quality products which are contributing toward the growth of the global market for silicon photonics devices.
Luxtera acquired the major market share of XX% in the global market for silicon photonics devices. This dominance is attributed to the increased number of shipments of the company’s silicon photonics-based optical transceivers. Furthermore, partnerships with companies such as STMicroelectronics N.V. have also added to the growth of the company. On the other hand, Intel Corporation acquired the second largest market share, which can be attributed to the increasing number of significant developments pertaining to the silicon photonics industry using its 100Gbps optical transceivers. The high cost of optical modules from Acacia Communications Inc. has increased the company’s market share in the silicon photonics industry. Some of the other key players in the silicon photonics industry include Infinera Corporation, Finisar Corporation, Mellanox Technologies Ltd., and Cisco Systems, Inc.
BIS Research has conducted an extensive market research and the market intelligence report published by the company aims to provide an in-depth analysis of the key development strategies and market trend dynamics which includes drivers, restraints and opportunities prevailing in the industry. For further queries, please write to us at sales@bisresearch.com or call us at: +1-50-404-8135 and request a sample report.
