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Silicon Photonics Market worth $2.02 Billion by 2015 - New Report by MarketsandMarkets
Date:12/14/2013

(PRWEB) December 14, 2013

According to a new market research report, ‘Global Silicon Photonics Market (2010-2015), the total Silicon Photonics market is expected to be worth $2.02 million by 2015 with a CAGR of 78.2% from 2010 to 2015.

Browse 58 tables and in-depth TOC on Global Silicon Photonics Market.
http://www.marketsandmarkets.com/Market-Reports/silicon-photonics-116.html

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Silicon photonics technology is gaining ground as a low cost alternative technology that can address speed and bulk data transfer challenges faced by microelectronics. The silicon photonics market is in its infancy and is expected to be commercialized by 2016.

Amongst all the silicon photonics products, in 2010, the wavelength division multiplex filters contributed $35,212.3 thousand to the global silicon photonics market. This is mainly due to early commercialization and extensive usage in optical switches and transceivers devices. However, silicon photonics LED market is expected to grow with relatively high CAGR of 87.6% from 2010 to 2015 due to an increasing need of efficient light source in small distance communication networks.

At present, Northern America dominates the silicon photonics market generating $59,667 thousand in 2010 and is expected to reach $849,587 thousand in 2015 with a CAGR of 70.1% from 2010-2015.

Some of the major players in the global silicon photonics market are Kotura (U.S.), Lightwire (U.S.), Luxtera (U.S.), Chiral Photonics (U.S.), and others.

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