Dallas, TX -- (SBWIRE) -- 03/20/2014 -- According to the new market research 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).
Browse 70 market data tables and 24 figures spread through 204 pages and in-depth TOC on “Silicon Photonics Market"
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The global market revenue is estimated to grow from $88.66 million in 2013 to $410.78 million in 2020 at a CAGR of 24.5%. This growth is heralded by the growing telecom and Datacom applications market for silicon Photonics market. The silicon Photonics applications in the high performance computing sector are expected to grow rapidly in the coming seven years with a CAGR of 48%.
This report also looks into the whole value chain of the market. It also focuses on the parent markets and the sub-markets of this industry and thus identifies the total potential market that can be tapped by Silicon Photonics. The market penetration of Silicon Photonics wavelength division multiplexer filter is estimated to grow from $28.2 million in 2013 to $135.80 million in 2020. Similarly, the market penetration of silicon optical interconnects market is estimated to grow from $17.6 million in 2013 to $94.99 million in 2020.
Silicon Photonics products in this report have been classified into six types, namely: Silicon Photonic Waveguide, Optical modulators, Optical Interconnects, Wavelength division multiplexer filters, silicon LED’s and Silicon Photo-detectors. The major revenue component of the total silicon Photonics market comes from the Wavelength division multiplexer filters, mainly due to their extensive use in the telecom and Datacom applications.
Silicon Photonics is comparatively new technology which got commercialized in the last decade. Basically Silicon Photonics is the technology which uses optical rays to communicate with other computer chips. This technology has the potential to satisfy ever growing need of bandwidth requirement of the communication and data networks. Silicon photonics will be a key element in future Datacom and telecom network.
With the development in technology and easy availability of the communication devices, data traffic is increasing rapidly and is expected to increase exponentially in coming future. This is creating an extra burden on existing infrastructure as these infrastructures are not designed to handle load of data.
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These continuously increasing bandwidth requirements in computing and data processing application and they are seriously threatening the future of the traditional IC industry. Silicon Photonics technology can provide a low cost approach to high data rate communication system by replacing traditional circuits with silicon photonic integrated circuits.
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