Optoelectronic Components - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Optoelectronic Components Market is accounted for $37.55 billion in 2018 and is expected to reach $66.19 billion by 2027 growing at a CAGR of 6.5% during the forecast period. While the factors like growing usage of infrared components in cameras and automobiles and low power consumption of optoelectronic machinery are driving the growth of the market. However, high cost of raw materials is restraining the market growth.
Optoelectronic components are electronic components that identify and control light, and changes over electrical signs into infrared or visible energy or vice versa. It is utilized in electric eyes, screen and control circuits, photovoltaic force supplies, and optical fibres communications systems. Infusion laser diodes and quantum course lasers use optoelectronic components for stimulated emission. Picture sensors and LEDs are utilized for safety purposes, packaging, and digital imaging systems.
Based on end user, consumer electronic devices sub segment in the devices segment is likely to have a huge demand due to technological advancements and the increasing use of consumer goods such as high-end stylish cameras, photocopy kit, smartphones and more. By geography, Europe is estimated to have a lucrative growth due to high growth in emerging countries in this region such as rapid industrialization and modernization in Japan and increasing manufacturing activity in India are driving the market in this region.
Some of the key players in Global Optoelectronic Components market include Vishay, TT Electronics, Trumpf, Sony, SICK AG, Sharp, Samsung, Rohm, Osram, OSI System, ON Semiconductor, Omnivision, Newport, Micropac, Himax, Hamamatsu, Cree and Broadcom.
• Silicon Germanium
• Silicon Carbide
• Indium Phosphide
• Gallium Phosphide
• Gallium Nitride
• Gallium Arsenide
Component Types Covered:
• Light-Emitting Diode (LED)
• Infrared Components
• Laser Diode
• Security & Surveillance
• Geographical Survey
End Users Covered:
• Pulp & Paper
• Military & Aerospace
• Food & Beverages
• Residential & Commercial
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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