PUBLISHER: Allied Market Research | PRODUCT CODE: 1179775
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179775
The global opto semiconductors market was valued at $43.59 billion in 2021 and is projected to reach $130.67 billion by 2031, registering a CAGR of 11.8% from 2022 to 2031. Opto-semiconductors have a light-sensitive surface that absorbs and emits light. LEDs, solar cells, semiconductor lasers, and others are all categorized as optoelectronic devices.
The growth of the global opto semiconductors market is majorly driven by the advancement of the electronic sector and laser-powered 3D display technology paired with growth in demand for smart consumer electronics and next-generation technologies. Further, the increasing use of optoelectronic devices in communications and data storage applications is anticipated to drive the growth of the opto semiconductors market. However, the heating and energy loss in devices act as a prime restraint of the global market. On the contrary, the rising demand for electric vehicles is anticipated to provide lucrative opportunities for the opto semiconductors industry during the forecast period.
The opto semiconductors market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into LED, image sensors, infrared components, optocouplers, and laser diodes. By application, the market is fragmented into residential & commercial and industrial. Region-wise, the opto semiconductors market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operate in the market include OSRAM, Littelfuse, Inc., ROHM Semiconductor, TT Electronics plc, IPG Photonics Corporation, JENOPTIK, Fairchild Semiconductor International, Avago Corp, Broadcom Inc., Coherent, Inc., Epistar Corporation, Toshiba Corporation, Vishay Intertechnology Inc, Ushio America, Inc., Sharp Corporation, Mitsubishi Electric Corporation, and LITE-ON Technology Corporation.
Key Benefits For Stakeholders
By Type
By Application
By Region