According to a report published in January by market research company Markets and Markets, the silicon photonics global market revenue is estimated to increase from $88.66 million in 2013 to $410.78 million by 2020 at a compound annual growth rate (CAGR) of 24.5 per cent.
The market research report, titled: ‘The Silicon Photonics Market by Products (Silicon Optical Interconnects & Wavelength Division Multiplexer Filters & Others), Applications (Telecommunication, Datacom, High Performance Computing & Others) & Geography - Analysis & Forecast (2013 - 2020)’, stated that the growth will be driven by market penetration of silicon photonics products in telecom and datacom application sector in the seven years.
By identifying the total potential market that can be tapped by silicon photonics, the report also predicted that the market penetration of silicon photonics wavelength division multiplexer filters will grow from $28.2 million in 2013 to $135.80 million in 2020. Likewise, the market penetration of silicon optical interconnects market is estimated to increase from $17.6 million in 2013 to $94.99 million in 2020.
The report gives a bird’s eye-view of the complete silicon photonics industry. Based on a research study of the international market and related semiconductor and products industries, the report aims to identify the entire market of silicon photonics-based systems in all the applications.