Optoelectronic Component Market Report: Trends, Forecast and Competitive Analysis to 2030

Optoelectronic Component Trends and Forecast

The future of the global optoelectronic component market looks promising with opportunities in the automotive, consumer electronics, telecommunication, military & aerospace, medical, residential, commercial, and manufacturing sectors. The global optoelectronic component market is expected to reach an estimated $56.0 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing use of infrared components in automobiles and consumer electronics and continuous technological advancements in LED communication.

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Optoelectronic Component by Segment

The study includes a forecast for the global optoelectronic component by type, material, application, end use industry, and region.

Optoelectronic Component Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Sensor
• LED
• Laser Diode
• Infrared Components

Optoelectronic Component Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Gallium Nitride
• Gallium Arsenide
• Silicon Carbide
• Indium Phosphide
• Silicon Germanium
• Gallium Phosphide

Optoelectronic Component Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Measurement
• Lighting
• Communications
• Security & Surveillance
• Others

Optoelectronic Component Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Consumer Electronics
• Telecommunication
• Military & Aerospace
• Medical
• Residential
• Commercial
• Manufacturing
• Others

Optoelectronic Component Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Optoelectronic Component Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies optoelectronic component companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the optoelectronic component companies profiled in this report include-

• Trumpf
• Osram
• Samsung
• Sony
• Vishay
• TT Electronics
• ON Semiconductor
• Hamamatsu
• Broadcom
• Cree

Optoelectronic Component Market Insights

Lucintel forecasts that measurement will remain the largest segment over the forecast period due to its wide variety of applications, such as machine vision, process and operation monitoring, control, and experimental engineering analysis.

Within this market, consumer electronics will remain the largest segment due to rising usage of optoelectronic components in various consumer products, such as cellphones, photocopiers, flat & flexible televisions, and high-end sophisticated cameras.

APAC will remain the largest region over the forecast period due to significant demand for optoelectronic component in various end use industries, such as automotive, medical, and industrial manufacturing sector of the region.

Features of the Global Optoelectronic Component Market

Market Size Estimates: Optoelectronic component market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Optoelectronic component market size by various segments, such as by type, material, application, end use industry, and region in terms of value ($B).

Regional Analysis: Optoelectronic component market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, materials, applications, end use industries, and regions for the optoelectronic component market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the optoelectronic component market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the optoelectronic component market size?

Answer: The global optoelectronic component market is expected to reach an estimated $56.0 billion by 2030.

Q2. What is the growth forecast for optoelectronic component market?

Answer: The global optoelectronic component market is expected to grow with a CAGR of 4.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the optoelectronic component market?

Answer: The major drivers for this market are growing use of infrared components in automobiles and consumer electronics and continuous technological advancements in LED communication.

Q4. What are the major segments for optoelectronic component market?

Answer: The future of the optoelectronic component market looks promising with opportunities in the automotive, consumer electronics, telecommunication, military & aerospace, medical, residential, commercial, and manufacturing sectors.

Q5. Who are the key optoelectronic component market companies?

Answer: Some of the key optoelectronic component companies are as follows:

• Trumpf
• Osram
• Samsung
• Sony
• Vishay
• TT Electronics
• ON Semiconductor
• Hamamatsu
• Broadcom
• Cree

Q6. Which optoelectronic component market segment will be the largest in future?

Answer: Lucintel forecasts that measurement will remain the largest segment over the forecast period due to its wide variety of applications, such as machine vision, process and operation monitoring, control, and experimental engineering analysis.

Q7. In optoelectronic component market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to significant demand for optoelectronic component in various end use industries, such as automotive, medical, and industrial manufacturing sector of the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the optoelectronic component market by type (sensor, LED, laser diode, and infrared components), material (gallium nitride, gallium arsenide, silicon carbide, indium phosphide, silicon germanium, and gallium phosphide), application (measurement, lighting, communications, security & surveillance, and others), end use industry (automotive, consumer electronics, telecommunication, military & aerospace, medical, residential, commercial, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?