Global Optoelectronics Market
Research Report – by component (LED, Laser diode, infrared component), a light
source (ultraviolet, infrared, visible), industry (healthcare, automotive,
telecommunication, consumer electronics) region – Forecast till 2023
Market Synopsis
Optoelectronics is a discipline that refers to the study,
design, and manufacture of hardware devices which convert electrical signals into
photon signals and vice versa. The light often includes invisible forms of
radiation such as gamma rays, X-rays, ultraviolet and infrared, in addition to
the visible light. In general, optoelectronic devices are electrical-to-optical
or optical-to-electrical transducers or instruments that use light-based
components in their operation. Optoelectronics is at a crossroad of
optical-communication, optical-storage, and optical imaging industries. The
cost of transmission is expected to reduce as the reach of internet and data
centers expands.
The increased use of infrared components in consumer
electronics like cameras, thermal imaging systems, in automobile positioning
sensors and many others are primarily driving the market for global
optoelectronics. Also, the technological advancements in the area of LEDs are
fuelling the market growth. However, high raw material cost and rapidly
surfacing substitutes can threaten the market and hinder the growth.
In March 2018, Samsung Electronics, a global leader in digital
component solutions has achieved the highest light efficacies for its
fillet-enhanced chip-scale package LED line up – LM101B, LH181B, and LH231B.
The LEDs are based on Samsung’s CSP technology which is capable of building
titanium oxide walls on the surface of the chip resulting direct light output.
With chip’s small form factor and reduced cross-talk, these devices can be
deployed in spotlighting applications. The CSP LED differs from a normal LED in
size, cost and emitting power. Samsung also made the LM101B series LEDs to
mount on to other mid-power CSP LEDs easily, by modifying the electrode pad.
Segmentation
The global optoelectronics market
is segmented on the basis of the component, light source, industry, and region.
On the basis of the component, the segment is further classified into LED,
laser diodes, infrared components, optocouplers, image sensors, photovoltaic
cells and many others. On the basis of the light source, the segment is further
classified into ultraviolet, infrared, X-rays, and visible light. On the basis
of industry, the segment is further classified into healthcare, automotive,
telecommunication, consumer electronics, aerospace and defense and many others.
On the basis of region, the market is studied for North America, Europe, Asia Pacific
and rest of the world.
SOURCE: Company websites, annual reports, white papers, MRFR
analysis
Global optoelectronics components market is estimated to
reach USD 75 billion at CAGR 12% through the forecast period 2023
Regional Analysis
The global optoelectronics market is observed for North
America, Europe, Asia Pacific and rest of the world. Asia Pacific region holds
the major market share in global optoelectronics market and is expected to
continue through the forecast period. The presence of major companies in the
region and increased use of components in consumer electronics are driving the
market in the region. The demand for optoelectronics in major regions like
Japan, South Korea, and Taiwan are fuelling the market growth. North America
holds a significant position in the global optoelectronics market. The low
power consumption of optoelectronics and their durability are driving many
organizations to deploy optoelectronics which is driving the market in this
region. The key players are undergoing through various merger and acquisition
and research activities to develop cost-effective product portfolio.
Some of the key players in the global optoelectronics market
are Cree, Inc. (U.S.), Osram Licht AG (Germany), Vishay Intertechnology, Inc.
(U.S.), ON Semiconductor (U.S.), OmniVision Technologies, Inc. (U.S.), Sony
Corporation (Japan), Sharp Corporation (Japan), Samsung Electronics Co., Ltd.
(South Korea), Koninklijke Philips N.V. (the Netherlands), General Electric
Company (U.S.).
Some of the key innovators in the global optoelectronics
market are Toshiba Corporation (Japan), Rohm Co., Ltd. (Japan), Panasonic
Corporation (Japan), Finisar Corporation (U.S.), Avago Technologies, Ltd.
(U.S.), Dialight Corp.(U.K), Merck KGaA (Germany), OSI Optoelectronics (U.S.),
Texas Instruments (U.S.), NXP Semiconductors (the Netherlands), Analog Devices
(U.S.), Taiwan Semiconductors (Taiwan), Fairchild Semiconductor International,
Inc. (U.S.) and many others.
Brows Full Report Details @ https://www.marketresearchfuture.com/reports/optoelectronics-market-5904
Intended Audience
- Technology investors
- OEM
- Optoelectronics equipment
manufacturers
- Research Organizations
- Integrators
- Telecommunication providers
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