23 January 2014

Silicon photonics market to grow at 24.5% from $88.6m in 2013 to $410m by 2020

The global silicon photonics market is expected to increase at a compound annual growth rate (CAGR) of 24.5% from $88.6m in 2013 to $410.78m in 2020, according to the report ‘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)’ from MarketsandMarkets Inc.

Such growth is heralded by telecom and datacom applications. The datacom sector for silicon photonics products is expected to grow rapidly in the coming seven years.

When the geographical markets of North America, Europe, Asia Pacific (APAC) and the Rest of the World are considered, North America has the major share, with revenue of about $47.1m in 2013, and is expected to grow at a CAGR of 22.7% to 2020. However, APAC and Europe are forecasted to be the fastest-growing regions, with CAGRs of 27.4% and 26.1%, respectively, from 2013 to 2020, due to the major growth spurts expected in datacom applications.

The report covers both CMOS-based silicon photonic devices and hybrid silicon photonic products and devices. The key players in the market include US/Israel-based Mellanox Technologies, and Intel Corp, Luxtera Inc, IBM Corp and Molex Inc in the USA, according to the report.

Tags: silicon photonics

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