Optoelectronic Components Market

Optoelectronic Components Market worth $52.7 billion by 2025

According to the new research report "Optoelectronic Components Market by Component (Sensor, LED, Laser Diode, and Infrared Components), Application (Measurement, Lighting, Communications, and Security & Surveillance), Material, Vertical, and Region - Global Forecast to 2025" This market is expected to reach from USD 41.3 billion in 2020 to USD 52.7 billion by 2025, at a CAGR of 5.0%. The increased use of infrared components in consumer electronics and automobiles and ability to operate in extreme environment are key factors driving the growth of this market.

Browse 110 market data Tables and 74 Figures spread through 239 Pages and in-depth TOC on "Optoelectronic Components Market by Component (Sensor, LED, Laser Diode, and Infrared Components), Application (Measurement, Lighting, Communications, and Security & Surveillance), Material, Vertical, and Region - Global Forecast to 2025 - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/optoelectronics-market-450.html

Sensors segment is expected to grow at the highest CAGR in the forecast period.

The major function of an optoelectronic sensor is to convert light signals into electrical signals. Optoelectronic sensors measure the quantity of light as input and convert it into electrical signals that are readable by instruments such as lamps, switches, smartwatches, and others. Osram (Germany), ON Semiconductor (US), Vishay (US), ams AG (Austria), and Sick AG (Germany) are some of the key players that offer different optoelectronic sensors. Optoelectronic sensors can be segmented into phototransistor, photodiode, photo relay, image sensors, optical sensor, and UV sensor.

Indium Phosphide to witness highest CAGR during the forecast period.

Indium Phosphide (InP) is a binary compound semiconductor material comprising indium and phosphorous. It has a zinc-blended crystal structure similar to GaAs. InP possesses properties such as superior electron velocity and direct bandgap, which make it a suitable base material in high-frequency & high-power electronics, and optoelectronics devices such as laser diodes. Indium phosphide is used as a substrate for epitaxial indium gallium arsenide, which is used in optoelectronic components.
Measurement application to grow at highest growth rate

Optoelectronic components used for measurement applications include sensors (image sensors, optical sensors, phototransistors, photodiodes, photo relays, and UV sensors) and infrared detectors. These measurement systems use optoelectronic sensors to convert light signals to electric current and are used for applications such as machine vision, monitoring and controlling processes & operations, and experimental engineering analysis, among others. Some of the prominent companies that offer optoelectronic components for measurement applications include Sick AG (Germany), Hamamatsu (Japan), OmniVision (US), and STMicroelectronics (Switzerland).

Automotive vertical to witness highest growth rate.

The automotive vertical includes the use of various LEDs, infrared components, image sensors, and laser diodes. Light sensors are used to detect ambient light to enable automatic switching of lights in vehicles. These sensors are also used to detect the presence of rain to enable the activation of windshield wipers. The use of LEDs in lighting applications has also increased in the automotive sector. LEDs offer more freedom in terms of design to improve aesthetics, compatibility, life, and power efficiency, which makes them a suitable solution for lighting in the automotive sector.

North America to account for the highest growth rate of the overall Optoelectronic Components Market during the forecast period

North America is one of the most technologically advanced markets for optoelectronic components owing to the presence of prominent system suppliers, large semiconductor companies, as well as LED, laser, and sensor manufacturers in the region. The size of the region, the high standard of living, and the competitiveness of military & aerospace, industrial, and medical original equipment manufacturers (OEMs) make this region a flourishing market for optoelectronic components.

The report profiles the most promising players in the Optoelectronic Components Market. The markets competitive landscape presents an interesting picture of strategies adopted by many players. Hamamatsu (Japan); Osram (Germany); TT Electronics (UK); Vishay (US); ON Semiconductor (US);  CREE (US); Trumpf (Germany); Sick AG (Germany); Samsung (South Korea) and Sony (Japan) are few dominant players in the Optoelectronic Components Market.

Don’t miss out on business opportunities in Optoelectronic Components Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Optoelectronic Components Market Size,  Share & Growth Report
Report Code
SE 1667
PR Published ON
Choose License Type
Request Customization
Speak to Analyst
Speak to Analyst
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
  • What are the Known and Unknown Adjacencies Impacting the Optoelectronic Components Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status

Digital Virtual Assistant - MarketsandMarkets