Optoelectronics Market Research Report – Forecast to 2027

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 2027

ID: MRFR/SEM/4448-HCR | February 2021 | Region: Global | 100 pages

 Optoelectronics Market Synopsis


Optoelectronics Market is estimated to reach USD 75 billion at CAGR 12% through the forecast period 2023.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 optoelectronics market.  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.


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  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  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 optoelectronics market is studied for North America, Europe, Asia Pacific and rest of the world.


 Optoelectronics Market


SOURCE: Company websites, annual reports, white papers, MRFR analysis


 


Regional Analysis


The  market is observed for North America, Europe, Asia Pacific and rest of the world. Asia Pacific region holds the major market share in  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  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  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  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.


Intended Audience



  • Technology investors

  • OEM

  • Optoelectronics equipment manufacturers

  • Research Organizations

  • Integrators

  • Telecommunication providers


 



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 75 Billion (2023)
  CAGR   12% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by component
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.).
  Key Market Opportunities   The demand for optoelectronics in major regions like Japan, South Korea, and Taiwan are fuelling the market growth.
  Key Market Drivers   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 optoelectronics market.


Frequently Asked Questions (FAQ) :


The optoelectronics market is predicted to grow at a 12% CAGR between 2017- 2023.

The optoelectronics market is predicted to touch USD 75 billion by 2023.

The APAC region will lead the optoelectronics market.

Availability of substitutes and high price of raw materials may limit the optoelectronics market growth.

Key players profiled in the optoelectronics market include 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.). Leading innovators include 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.