North America Dominate the Highest Growth Region

According to a new market intelligence report by BIS Research titled ‘Global Silicon Photonics Market − Analysis and Forecast, 2019-2025’, the global silicon photonics market was estimated to be $520.0 Million in 2019 and is expected to reach $3.07 Billion by the end of 2025, growing at a CAGR of 33.95% during the forecast period.

BIS Research Report: https://bisresearch.com/industry-report/silicon-photonics-market.html

In terms of regional demand, North America and Europe together hold more than 60% of the total market share. The dominance of North America is attributable to the increasing adoption of silicon photonic products across the data communication and telecommunication industries. China also holds a notable share in the silicon photonics market in terms of revenue generation due to strong focus on research and development, well-established closed knit supply chain, and the massive growth in emerging end-use markets in China. The rapid growth in India is attributed to the support from Government of India in terms of tax exemptions, huge investment in R&D, rising spending on the healthcare sector, along with support from private entities for the installation of silicon photonics-based technology in all verticals.

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