Global Optoelectronic Components Market, By Component (Sensors, LED, Laser Diode, Infrared Components), Material (Gallium Nitride, Gallium Arsenide, Indium Phosphide, Silicon Germanium, Gallium Phosphide, Silicon Carbide), Application (Measurement, Lighting, Communications, Security and Surveillance, Others), Vertical (Consumer Electronics, Residential, Commercial, Industrial, Automotive, Telecommunication, Military and Aerospace, Medical, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Optoelectronic Components Market
Optoelectronic components market is expected to reach USD 60.70 billion by 2028 witnessing market growth at a rate of 4.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on optoelectronic components market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.
Optoelectronic components are electronic components that sense and monitor light and transform electrical signals, or vice versa, into infrared or visible energy. It is used in electric eyes, photovoltaic power supplies, display and control circuits, and optical fibre communications systems. Optoelectronic elements of stimulated emission are used by injection laser diodes and quantum cascade lasers.
Increasing demand for improved imaging and optical sensing solutions in healthcare vertical, rising use of infrared components in consumer electronics and automobiles, increasing ability to operate in extreme environment, prevalence of favourable regulatory norms imposed by the several federal and state governments to ensure security and safety at production facilities, long life as well as low power consumption of the product are some of the major as well as vital factors which will likely to augment the growth of the optoelectronic components market in the projected timeframe of 2021-2028. On the other hand, increasing number of advanced technology such as Li-Fi along with increasing number of internet of things applications which will further contribute by generating massive opportunities that will lead to the growth of the optoelectronic components market in the above mentioned projected timeframe.
Increasing prevalence of cheaper substitute along with volatility in the prices of raw material which will likely to act as market restraints factor for the growth of the optoelectronic components in the above mentioned projected timeframe. Increasing number of regulatory barrier which will become the biggest and foremost challenge for the growth of the market.
This optoelectronic components market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on optoelectronic components market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Optoelectronic Components Market Scope and Market Size
Optoelectronic components market is segmented on the basis of component, material, application and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Optoelectronic components market on the basis of component has been segmented as sensors, LED, laser diode, and infrared components. Sensors have been further segmented into phototransistor, photodiode, photo relay, image sensor, optical sensor, and UV sensor. Image sensor has been further sub segmented into CMOS image sensor, CCD image sensor, and hybrid image sensor. LED has been further segmented into general LED, UV LED, and organic LED. Infrared components have been further segmented into infrared (IR) detector, infrared emitting diode (IRED), and irda transceiver.
- Based on material, the optoelectronic components market has been segmented into gallium nitride, gallium arsenide, indium phosphide, silicon germanium, gallium phosphide, and silicon carbide.
- On the basis of application, the optoelectronic components market has been segmented into measurement, lighting, communications, security and surveillance, and others.
- Optoelectronic components has also been segmented on the basis of vertical into consumer electronics, residential, commercial, industrial, automotive, telecommunication, military and aerospace, medical, and others. Consumer electronics have been further segmented into consumer electronic devices, smart home devices, and wearable devices. Others have been further segmented into utility, food and beverages, pulp and paper.
Optoelectronic Components Market Country Level Analysis
Optoelectronic components market is analysed and market size, volume information is provided by country, component, material, application and vertical as referenced above.
The countries covered in the optoelectronic components market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the optoelectronic components market due to the expansion of automobile, medical, and industrial manufacturing companies in the region while Europe region will expect to grow in the forecast period of 2021-2028 due to the rapid industrialization as well as modernization in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Optoelectronic Components Market Share Analysis
Optoelectronic components market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to optoelectronic components market.
The major players covered in the optoelectronic components market report are Hamamatsu Photonics K.K.; OSRAM Opto Semiconductors GmbH.; TT Electronics; Vishay Intertechnology, Inc.; Semiconductor Components Industries, LLC; Cree, Inc.; TRUMPF; SICK AG; SAMSUNG; Broadcom.; OmniVision Technologies, Inc.; Micropac Industries, Inc.; ROHM CO., LTD.; OSI Optoelectronics; Sharp Devices Europe.; Newport Corporation.; Himax Technologies, Inc.; Renesas Electronics Corporation.; LITE-ON Technology, Inc.; SK HYNIX INC.; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.