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The global market for silicon photonics is witnessing a rapid growth due to its rising demand among the application sectors. The growing demand for live streaming and broadcasting, requiring quick and reliable wireless connectivity, is boosting the global demand for 5G. The market is especially expected to witness a robust growth in the Asia Pacific region due to the thriving consumer electronics industry in the region. The growth in the consumer electronics segments is supported by the rising disposable incomes of the consumers. The availability of affordable electronics, primarily by local manufacturers, along with the growing digitalisation trend in the region aided by several government programmes, is propelling the growth of the market.
In September 2018, Intel Corporation (NASDAQ: INTC), one of the leading key players, launched its silicon photonics products, which are designed to optimise data transmission through computer chips using optical rays, offering the largest cloud and corporate data centre 100 gigabit per second connectivity. Such developments are expected to aid the growth of the company in the industry, wlong with strengthening the overall market.
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The major players in the global silicon photonics market are Cisco Systems, Inc., Intel Corporation, IBM Corporation, NeoPhotonics Corporation, Hamamatsu Photonics K.K, and STMicroelectronics International N.V., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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