Press Release / Technology / Optoelectronics Market 2019 Analysis, Growth, Trends, Opportunities and Forecast To 2023

Optoelectronics Market 2019 Analysis, Growth, Trends, Opportunities and Forecast To 2023

Market Insights

Market Research Future’s report on the global optoelectronics market has revealed a CAG of 12% during the forecast period of 2017 to 2023. Optoelectronics are advanced technology which use optical to electrical transducers and are used extensively for a variety of rapidly growing end-user industries. The global optoelectronics market is expected to cross the USD 75 Bn mark by the end of 2023. Technological advancements of the various components of optoelectronics are key among the drivers which influence market growth. The demand for lower power consumption and deployment of optoelectronics in consumer electronics are driving the global optoelectronics market. The emerging technologies in the area of LCD and other consumer electronics are driving overall demand for optoelectronics market. The global optoelectronics market is segmented into the component, light source, industry, and region

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LED is an optoelectronic component which has been witnessing extensive use and have been undergoing considerable advancements. Moreover, increasing use of infrared components in consumer electronics, automotive and several others are expected to drive growth for the market. The rapid urbanization occurring across the globe, with a focus in emerging economies, have resulted in rise of disposable income which has in turn increased the demand for a wide variety of consumer electronics. Moreover rapid advancements in display technology offer the market ample opportunities for growth.

However, the global optoelectronics market is hindered by the comparative expense of adopting optoelectronics over conventional versions of the same.

Market Segmentation

Market Research Future has segmented the global optoelectronics market on the basis of component, light source, industry, and region, By component, the market is segmented into LED, infrared components, optocouplers, image sensors, photovoltaic cells, and laser diodes. LEDs are used extensively in consumer electronics. Photovoltaic cells carry huge promise as globally, there is a demand for renewable energy sources which do not rely on fossil fuels.

By light source, the market is segmented to include X-rays, infrared, ultraviolet, and visible light. By industry, the market is categorized into aerospace & defense, consumer electronics, telecommunication, automotive, healthcare, and others.

Geographical analysis of the market divides the global optoelectronics market into North America, Europe, Asia Pacific and the Rest of the World.

Key Players

Prominent players in the global optoelectronics market that have been profiled in MRFR’s competitive analysis include Sony Corporation, Koninklijke Philips N.V., Osram Licht AG, OmniVision Technologies, Inc., Vishay Intertechnology, Inc., General Electric Company, ON Semiconductor, Cree, Inc., Samsung Electronics Co., Ltd., and Sharp Corporation. Other innovaters in the market are Rohm Co. Ltd., Toshiba Corporation, Texas Instruments, Taiwan Semiconductors, Dialight Corp, NXP Semiconductors, Finisar Corporation, Fairchild Semiconductor International, Inc., Panasonic Corporation, OSI Optoelectronics, Merck KGaA, Avago Technologies, Ltd., and Analog Devices

Regional Analysis

By geography, the market is studied in North America, Europe, Asia Pacific and rest of the world. Among these regions, the market is majorly dominated by Asia Pacific at present due to a higher concentration of key players in countries like China, Japan, and South Korea. Due to this, major contribution is made by Japan, particularly in the development of energy efficient optoelectronic components.

On the other hand, Europe is expected to show a decent market growth concerning the optoelectronics market. The demand for optocouplers across various industries like healthcare and automotive are pushing the demand for global optoelectronics. However, the North America region is expected to show a significant growth throughout the forecast period. Rising demand for energy efficient LEDs and rising usage of LCDs are driving the market in this region. The demand for consumer electronics across the developed countries like U.S. is driving the market in this region.

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Latest Industry News

ProPhotonic has extended its laser diode range with new releases of cost effective red & IR laser diodes.

LightPath Technologies Inc. has revealed a large quantity of thermal imaging assemblies worth USD 455,000 is ready to ship on a monthly basis for a massive order from an OEM in the U.S.

TABLE OF CONTENTS

1 Executive Summary

2 The Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

Continued…

LIST OF TABLES

Table 1 Global Optoelectronics Market: By Region, 2017-2023

Table 2 North America Optoelectronics Market: By Country, 2017-2023

Table 3 Europe Optoelectronics Market: By Country, 2017-2023

Table 4 Asia Pacific Optoelectronics Market: By Country, 2017-2023

Table 5 The Middle East & Africa Optoelectronics Market: By Country, 2017-2023

Continued…

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LIST OF FIGURES

FIGURE 1 Global Optoelectronics Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Optoelectronics Market

FIGURE 4 Value Chain Of Global Optoelectronics Market

Continued…

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