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More Information @ https://bit.ly/37jX8Xe <br><br>Due to the ongoing COVID-19 pandemic, telecom operators are witnessing a heavy demand for high-speed internet connections around the world. This might also boost the use of silicon photonics Market as it helps in transmitting high-speed data over the internet.<br>
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Global Silicon Photonics Market: Factors Helping to Maintain Strong Position Globally 2020-2026 Accordingly, to Global Market Insights research report the silicon photonics market is expected to register sizable revenue growth owing to rising adoption of innovative technologies like 5G. The advent of 5G technology is likely to intensify the demand for high bandwidth to provide enhanced network communication, supporting the demand for silicon photonics. Due to the ongoing COVID-19 pandemic, telecom operators are witnessing a heavy demand for high-speed internet connections around the world. This might also boost the use of silicon photonics industry as it helps in transmitting high-speed data over the internet. Considering the benefits of silicon photonics Market, various investors have begun to pour in funds to expedite new innovation and development activities. Citing an instance, in March 2020, SiLC Technologies revealed that it has secured USD 12 million funding from Dell Technologies Capital. With the help of this funding, SiLC would enhance its operations and research & development process for the development of Frequency Modulated Continuous Wave (FMCW) silicon photonics Market vision chip system for self-driving vehicles. Silicon Photonics Market
Based on such advancements, Global Market Insights, projects that the silicon photonics market might touch USD 3 billion by the year 2026. Development of new technologies that utilize silicon photonics and cater to the needs of the medical sector may aid market growth. Taking January 2019 for instance, research and innovation hub in digital technology and nanoelectronics, Imec partnered with Ghent University alongside CARDIS project partners like Medtronic to develop a prototype medical instrument built using silicon photonics Market. The device would be used for diagnosing cardiovascular diseases like heart failure and arterial stenosis, as well as for screening of arterial stiffness. Prominent players operating in the silicon photonics are focusing on developing innovative products by investing in multiple R&D activities geared towards improving the technology’s performance. Companies are also looking to enter into new strategic relationships with an aim to expand their product portfolio and geographical presence. In March 2017, Luxtera, one of the leading silicon photonics solution providers, inked a strategic partnership deal with TSMC for the manufacturing of next-generation silicon photonics Market. Together, both the firms would concentrate on developing an advanced silicon photonics technology platform that would offer unparalleled optical link performance. Currently, companies like Cisco Systems Inc., Intel Corporation, Hamamatsu Photonics K.K., Global Foundries, Juniper Networks Inc., IBM Corporation, Broadcom, NeoPhotonics Corporation and STMicroelectronics are at the forefront of the global silicon photonics market. Browse key industry insights spread across 140 pages with 130 market data tables and 20 figures & charts from the report, “Silicon Photonics Market Size By Product (Transceiver, Variable Optical Attenuator, Switch, Cable, Sensor), By Component (Active {Laser, Modulator, Photodetector}, Passive {Filter, Waveguide}), By Application Telecommunication, Medical), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026” in detail along with the table of contents: https://bit.ly/2Af0FtM (Data Center & HPC,
About Global Market Insights Global Market Insights, Inc., headquartered in Delaware, U.S., is a global Market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable Market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. Contact Us: Arun Hegde Corporate Sales, USA Global Market Insights, Inc. Phone: 1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com