Home › News Updates › BNL Finance Quotes MnM as their Major Source for Market Trends in Optoelectronics Component Market
MarketsandMarkets was recently cited by BNL Finance for future market trends in optoelectronic component market.
Optoelectronic components, majorly used in various applications such as indoor and outdoor lighting, mobile phones, fiber optics, and measurement instruments, among others, have the ability to interact with light, making them suitable for use in many applications. The optoelectronic component market being a highly competitive one is expected to be worth $55.53 Billion by 2020, growing at a CAGR of 9.41% during the forecast period 2015-2020, owing to the increased use of infrared components in cameras, consumer electronic goods, and automobiles and emerging opportunities of LED in communication.
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Report mentioned in the above news is,
Optoelectronic Components Market by Component (LED, Laser Diode, Image Sensor), Application (Residential and Commercial, Consumer Electronics, Industrial, Healthcare), and Geography (North America, Europe, APAC, and RoW) - Global Forecast to 2020
Other Related Report
Optical Communication and Networking Market by Component (Fiber, Transceiver, Amplifier, Switch, Splitter, Circulator), Technology (WDM, SONET, and Fiber Channel), Application (Telecom, Data Center, and Enterprise) and Geography - Global Forecast to 2023
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