Optoelectronics Market Size, Application, Power Output, End-User Industry, and Region -Forecast to 2030

Posted by Marvila Lit on January 18th, 2023

Optoelectronics Market Highlights

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 size is segmented into the component, light source, industry, and region.

Key players

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.

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Market Segmentations

The market segment of the Optoelectronics Market is divided into the light source, components, and industry. On the basis of Light Source, the Optoelectronics Market is divided into Visible Light, Ultraviolet, X-Rays, and Infrared.

On the basis of Components, the Optoelectronics Market is segment is divided into Photovoltaic Cells, Optocouplers, Infrared Components, Laser Diodes, Image Sensors, LED, and others

On the basis of Industry, the Optoelectronics Market is bifurcated into Telecommunication, Automotive, Defense and Aerospace, Consumer Electronics, Healthcare, and others

Regional Analysis

The Optoelectronics Market Size on the basis of region is divided into North America, Europe, Asia-Pacific, and the Middle East, and Africa. According to the Optoelectronics Market Analysis, the Asia-Pacific region will hold the largest market share in the upcoming years. The growing presence of several major companies in countries such as India, China, Japan, Taiwan, and South Korea are driving the market. Along with that, the rising use of various components in consumer electronics is also fuelling the Optoelectronics Market Growth.

Furthermore, the North American region also holds a significant Optoelectronics Market Share during the forecast period. Some positive factors such as durability and low power consumption are the major reason for the growing demand in this region. Along with that, the presence of major key players and the availability of skilled laborers will be helpful to provide cost-effective solutions.