The silicon photonics market is expected to reach a value of the $2.02 billion by 2015, reflecting a five-year compound annual growth rate of 78.2 percent, according to the report Global Silicon Photonics Market (2010-2015), published by MarketsandMarkets. Highlights of the market report include the following: • Silicon photonics technology is gaining ground as a low-cost alternative for addressing the speed and bulk data transfer challenges faced by microelectronics. The market is in its infancy and is expected to be commercialized by 2016. • In 2010, the wavelength division multiplex filters contributed $35,212 to the global silicon photonics market, mainly because of early commercialization and extensive usage in optical switches and transceiver devices. • The silicon photonics LED market is expected to experience the relatively high compound annual growth rate of 87.6 percent from 2010 to 2015 because of an increasing need for an efficient light source in small-distance communication networks. • At present, North America dominates the silicon photonics market, having generated $59,667 in 2010. The worth of the market in the region is projected to reach $849,587 in 2015 with a compound annual growth rate from 2010 to 2015 of 70.1 percent. • Major players in the global silicon photonics market include Kotura, Lightwire, Luxtera and Chiral Photonics, all US companies. The report analyzes the global silicon photonics markets based on the following categories: Products: silicon photonic waveguides, silicon optical modulators, silicon optical interconnects, silicon LEDs, silicon photodetectors and others Product devices: 0ptical switches, transceivers, ICs, sensors, solar cells and others Geographical areas: North America, Europe, Asia-Pacific and elsewhere. Applications: telecommunications, information processing, displays, sensing, metrology, medicine, consumer electronics and others. In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth. For additional information, visit: www.marketsandmarkets.com