Woodside Capital sees silicon photonics revenue rising to $15.5 billion by 2031
SMH•Woodside Capital Partners forecasts silicon photonics device revenue will rise to $15.5 billion by 2031 from $3.1 billion in 2026, a 38% compound annual growth rate. It projects the optical module market will reach $201 billion, with co-packaged optics accounting for 56% of module revenue by 2031.
1. Revenue forecasts
Woodside Capital Partners’ analysis forecasts silicon photonics device-level revenue will grow from $3.1 billion in 2026 to $15.5 billion in 2031, a 38% compound annual growth rate. It projects the optical module market will reach $201 billion, with co-packaged optics representing 56% of module revenue by 2031, and cites Marvell’s $3.54 billion Celestial AI deal as an example of intensifying investment and mergers and acquisitions.
