In 2008, the market size of global silicon photonics market was at $23.21 million that is expected to grow exponentially at a CAGR of 105.3% from 2009 to 2014
Online PR News – 07-October-2009 – – 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.
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With high fragmentation and intense competition in the microelectronics industry manufacturers of chips and integrated circuits are working to improve the quality and reduce the prices of their products. Therefore, the expensive ingredients and large R&D investments required for silicon photonics act as a major restraint for the growth of this market. However, the evolution of the silicon photonics market into a mainstream market is expected to overcome all these restraints.
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.
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