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Global Silicon Photonics Market to Reach US$1.95 billion in 2014

MarketsandMarkets has released a report titled, ‘Global Silicon Photonics Market (2009 - 2014) whose, market is likely to realize US$1.95 billion by 2014.

The U.S.market being a leader due to its high assimilation rate of electronics products, will contribute to about 52.9% of the entire revenues while the global market for silicon photonics product is forecasted at 82.7% CAGR from 2009 through 2014.as compared to 56.7% share of the US in 2008.

The integration of photonics, with electronics, though gave a new lease of life to the industry, was short lived due to its steep cost and restricted applications, thus giving rise to new science silicon photonics which are economical, requiring no additional manufacturing techniques and provide 90% of efficiency.

The largest segment in the silicon photonics market is the wavelength division multiplex filter, which is estimated to reach US$620 million in 2014 at 106% CAGR due to its broad spectrum of applications in the telecommunication field and premature commercialization. The global photo detector market is forecasted to reach US$301 million by 2014 with Europe being the second largest market with a share of 25%

The report has classified the silicon photonics market into the following categories: silicon photonics’ product market, product device market, applications market and technology market. The report offers the spirited stance, key players, top-selling products, trends, market drivers, and market data. In addition, the report provides over 50 market tables for a number of regions with the micro-markets and sub-segments. For every single sub-segment, the market report offers 20 company profiles.

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