"New research by Technavio analysts forecasts the global silicon photonics market will see a compound annual growth rate (CAGR) of more than 48% for 2016-2020. The study also segments the market into three categories on the basis of application – communications, consumer electronics and others – with communications accounting for 95% of the market.
Although consumer electronics accounts for only 1% of the market, Technavio predicts that segment will grow at a CAGR of more than 48% through the forecast period. The "Others" sectors, such as medical, military and robotics, also present considerable growth potential at a CAGR of close to 61% through the same period.
The Technavio report, Global Silicon Photonics Market 2016-2020, highlights four factors that are contributing to the growth of the global silicon photonics market:
- the need for higher network bandwidth
- a reduction in transportation costs and scalability beyond 40 Gbps
- huge investments through public funding
- the ability of silicon photonics to improve energy efficiency."
Full article here:
http://www.lightwaveonline.com/articles/2016/08/silicon-photonics-market-to-enjoy-48-cagr-through-2020-technavio.html
