According to a new market research report, 'Global Silicon Photonics Market, 2009 - 2014, published by MarketsandMarkets, the total global silicon photonics product market is expected to be worth US$1.95 billion by 2014, and the U.S. market will account for nearly 52.9% of the total revenues. The global silicon photonics product market is expected to record a CAGR of 82.7% from 2009 to 2014.
The integration of photonics with electronics brought about a new lease of life to the industry. But with the high cost of optical fibers and other optoelectronic components, their adoption remained limited to the high end devices and applications. The search for a cheaper base material ended with silicon that began to be used for photonic applications, thus giving birth to the new science-silicon-photonics. When compared with conventional electronics, silicon photonics provide 90% of its efficiency with one-third of power consumption, at one-tenth of the cost and no requirement of additional manufacturing technology. This makes it more attractive for customers and lucrative for manufacturers. The silicon photonics product market is segmented into silicon waveguides, silicon modulators, silicon optical interconnects wavelength division multiplexer filters, silicon LED and silicon photo detector.
The high market size of wavelength division multiplex filters is due to its early commercialization and wide application area in telecommunication. The photo detector market is expected to be US$301 million in 2014.
Early commercialization of products and high absorption rate of electronic products have made U.S. the dominant market in 2008 with 56.7% share of the global silicon photonics product market. Increased research and developments in U.S. companies have also helped it dominate the silicon photonics market. Europe is estimated to be the second largest with 25% share of the market.
The report is titled ‘Global Silicon Photonics Market (2009-2014)' and was published in August 2009.