What is the target for the photonics business revenue in 2021 and 2022 
ing to see that the pipeline grow, where we see Micro LED becoming a really big deal in, I don't know, one to three or four years. How do you look at that?
Russell Ellwanger -- Chief Executive Officer
Well, we know that our customers -- I mentioned again today, our customer there is Aledia. And as I stated, I really don't want to talk about Aledia's guidance to us. Number one, it's not proper for me to. As far as Micro LED, I think it's the right way to go. I think nanowire is a very, very exciting technology. I think that Aledia has an incredible technology and very strong differentiation. But will Micro LED grow? Certainly. Is it done 2021? I don't think so. Is it 2022? I think that that will start and I think 2023, 2024 will be very big or will become very big during those years. But I don't think 2021 is going to be huge at all for that. But I think it will start to grow in '22 and will become significant in '23, '24, '25. What is your thought?
Richard Shannon -- Craig-Hallum Capital Group LLC -- Analyst
I'm hearing similar timeframes but just want to get your sense as well and that's helpful. I'm glad it fits roughly speaking there. So, I think that's all my questions. Thank you, Russell.
Russell Ellwanger -- Chief Executive Officer
Thank you.
Operator
Next question is from David Duley a Steelhead Securities. Please go ahead.
Russell Ellwanger -- Chief Executive Officer
Hey, David.
David Duley -- Steelhead Securities -- Analyst
Hey. Thanks for taking my question. Nice results. Could you help just frame what you think or help us understand what the size of the photonics business is now perhaps in 2020, and what your goals or aspirations are for that business?
Russell Ellwanger -- Chief Executive Officer
Okay. I know exactly what it was in 2020 for us. In 2020, it was just shy of $8 million. If I look at 2021 by forecast, it's -- a substantial increase of that maybe close to 3 times increase in what we're seeing. Where do I think it will get to? I think it will get to, for us, I mean our targets would be to be in the several hundred million. So, I think that it's very possible for it get there. But yeah, that would be our target is for the photonics business to be sitting within some small amount of years, certainly upwards of $100 million. And I think with the target of getting between $200 million and $300 million.
David Duley -- Steelhead Securities -- Analyst
And does this -- would the photonics revenue have above-average gross margin similar to silicon germanium?
Russell Ellwanger -- Chief Executive Officer
Presently it certainly has well above average gross margin. It's very, very high margins at present. As anything goes into high volume, margins come down but I believe it will stay very high margin. It'll -- yeah, I think it will be among the highest margins we have in the company.
David Duley -- Steelhead Securities -- Analyst
Excellent. And then in your prepared remarks you mentioned something about a long-term contract and I had some audio difficulties and so I just don't -- could you just elaborate about what you were talking about there?
Russell Ellwanger -- Chief Executive Officer
If I recall the exact statements it was -- I'm now paraphrasing, it said that as a validation to the strength of the power platforms that we have, we have multiple customers asking us for a long-term supply agreements. Now, when they're asking for a long term supply agreement that takes on some term or some type of a take-or-pay agreement to where there's a certain volume that they're committed to buy and there's a certain volume that we committed to them. Now, customer really won't give you that unless your platform's very powerful because they're committed to use that platform. So, that was the statement that I made. And to add color to it, that is color now, that it would be involving to some level a take-or-pay agreement.
David Duley -- Steelhead Securities -- Analyst
So we would expect the customer deposit liability number to be going up over time.
Russell Ellwanger -- Chief Executive Officer
Not necessarily. A take-or-pay
ing to see that the pipeline grow, where we see Micro LED becoming a really big deal in, I don't know, one to three or four years. How do you look at that?
Russell Ellwanger -- Chief Executive Officer
Well, we know that our customers -- I mentioned again today, our customer there is Aledia. And as I stated, I really don't want to talk about Aledia's guidance to us. Number one, it's not proper for me to. As far as Micro LED, I think it's the right way to go. I think nanowire is a very, very exciting technology. I think that Aledia has an incredible technology and very strong differentiation. But will Micro LED grow? Certainly. Is it done 2021? I don't think so. Is it 2022? I think that that will start and I think 2023, 2024 will be very big or will become very big during those years. But I don't think 2021 is going to be huge at all for that. But I think it will start to grow in '22 and will become significant in '23, '24, '25. What is your thought?
Richard Shannon -- Craig-Hallum Capital Group LLC -- Analyst
I'm hearing similar timeframes but just want to get your sense as well and that's helpful. I'm glad it fits roughly speaking there. So, I think that's all my questions. Thank you, Russell.
Russell Ellwanger -- Chief Executive Officer
Thank you.
Operator
Next question is from David Duley a Steelhead Securities. Please go ahead.
Russell Ellwanger -- Chief Executive Officer
Hey, David.
David Duley -- Steelhead Securities -- Analyst
Hey. Thanks for taking my question. Nice results. Could you help just frame what you think or help us understand what the size of the photonics business is now perhaps in 2020, and what your goals or aspirations are for that business?
Russell Ellwanger -- Chief Executive Officer
 Okay. I know exactly what it was in 2020 for us. In 2020, it was just shy of $8 million. If I look at 2021 by forecast, it's -- a substantial increase of that maybe close to 3 times increase in what we're seeing. Where do I think it will get to? I think it will get to, for us, I mean our targets would be to be in the several hundred million. So, I think that it's very possible for it get there. But yeah, that would be our target is for the photonics business to be sitting within some small amount of years, certainly upwards of $100 million. And I think with the target of getting between $200 million and $300 million.
David Duley -- Steelhead Securities -- Analyst
And does this -- would the photonics revenue have above-average gross margin similar to silicon germanium?
Russell Ellwanger -- Chief Executive Officer
Presently it certainly has well above average gross margin. It's very, very high margins at present. As anything goes into high volume, margins come down but I believe it will stay very high margin. It'll -- yeah, I think it will be among the highest margins we have in the company.
David Duley -- Steelhead Securities -- Analyst
Excellent. And then in your prepared remarks you mentioned something about a long-term contract and I had some audio difficulties and so I just don't -- could you just elaborate about what you were talking about there?
Russell Ellwanger -- Chief Executive Officer
If I recall the exact statements it was -- I'm now paraphrasing, it said that as a validation to the strength of the power platforms that we have, we have multiple customers asking us for a long-term supply agreements. Now, when they're asking for a long term supply agreement that takes on some term or some type of a take-or-pay agreement to where there's a certain volume that they're committed to buy and there's a certain volume that we committed to them. Now, customer really won't give you that unless your platform's very powerful because they're committed to use that platform. So, that was the statement that I made. And to add color to it, that is color now, that it would be involving to some level a take-or-pay agreement.
David Duley -- Steelhead Securities -- Analyst
So we would expect the customer deposit liability number to be going up over time.
Russell Ellwanger -- Chief Executive Officer
 Not necessarily. A take-or-pay