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LED and Lighting (Optoelectronics) Market Research Reports & Consulting
Optoelectronics is a sub-segment of photonics that combines physics of light with electronics. Optoelectronics encompasses electronic devices that have the ability to source, detect, and control light. In addition to this, any device that functions as optical to electrical transducer and vice versa fall under the category of optoelectronics. Optoelectronics finds it applications in very advanced and niche technologies such as lasers, fiber optic system communications, medical diagnostics systems and also in other common applications such as automotive, computers, consumer electronics, communications, and industrial optical sensing equipment as well as medical laser equipment. Consumer electronics and entertainment applications are high growth segments and are expected to showcase increased traction in the future. The components used in optoelectronics range from image sensor, photo detectors, IrDA transreceivers, opto-couplers, solid state relays, LEDs, and laser transmitters to laser pick-ups, infrared, and displays. The market for optoelectronics is experiencing a high growth rate due to its varied applications which are more energy efficient. Such products are easily available and are registering an increase in demand which is driving the growth of the optoelectronics industry. Additionally, market growth drivers along with current market trends and their projections have also been studied for this industry.see less
Optoelectronics is a sub-segment of photonics that combines physics of light with electronics. Optoelectronics encompasses electronic devices that have the ability to source, detect, and control light. In addition to this, any device that functions as optical to electrical tra ....see more
Light Control Switches Market by Product Type (Manual Switches, Electronic Switches and Dimmers), Light Source (Incandescent & Halogen, Fluorescent, LED, HID), End Users and Geography - Global Forecasts to 2022
The global light control switches market is expected to reach USD 6.25 Billion (in terms of value) and 2.85 Billion units (in terms of volume) by 2022, at a CAGR of 7.9% and 8.8%, respectively, between 2016 and 2022. The increasing consumer demand for energy-saving lighting systems, convergence of IoT and lighting, acceptance of standard protocols for lighting control, and favorable government initiatives are driving the growth of this market.
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