Silicon Photonics Market to See Tremendous Growth to 2022, Forecasts BCC Research in Its New Report Available at MarketPublishers.com
24 Aug 2017 • by Natalie Aster
LONDON – As of 2016, the value of the world’s photonic integrated circuits market was estimated at appr. USD 426 million. In 2017, it stands at USD 539 million. This market is projected to keep on gaining traction during 2017-2022 registering a tremendous growth rate (a 27.5% CAGR) to touch USD 1.8 billion.
The optical communications sector is anticipated to increase from USD 320 billion in the current year to USD 1 billion in 2022, exhibiting significant growth at a 26.5% CAGR.
Meantime, the optical signal processing sector is poised to grow at a 29.3% CAGR, to increase in value from USD 68 million in 2017 to USD 246 million in 2022.
New research report “Silicon Photonics: Technologies and Global Markets” prepared by BCC Research presents a detailed coverage of the world’s market for photonic integrated circuits with a special focus on silicon photonics. It provides a comprehensive regional breakdown, includes an in-depth overview of the key market segments, estimates the market shares and values as well as uncovers growth rates. This publication describes the key trends, discusses emerging opportunities and challenges, offers insights into the market and technology background as well as gives an extensive market assessment on the basis of components, types of integration, raw materials, applications and region. Moreover, this study includes valuable data on patents, scrutinises competitive environment and grants access to informative profiles of the leading market participants. Additionally, a future outlook is at hand.
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