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

Optoelectronic Trends and Forecast

The future of the global optoelectronic market looks promising with opportunities in the aerospace & defense, automotive, consumer electronics, information technology, healthcare, residential & commercial, and industrial markets. The global optoelectronic market is expected to reach an estimated $64.4 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are growing optoelectronics demand across diverse sectors and increased utilization of infrared components in consumer electronics.

A more than 150-page report is developed to help in your business decisions.

Optoelectronic by Segment

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

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

• LEDs
• Sensors
• Infrared Components
• Others

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

• Gallium Nitride
• Gallium Arsenide
• Silicon Carbide
• Other

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

• Aerospace & Defense
• Automotive
• Information Technology
• Healthcare
• Residential & Commercial
• Industrial

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

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

List of Optoelectronic 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 companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the optoelectronic companies profiled in this report include-

• Alfa Chemistry Materials
• OpenLight
• Veeco Instrument
• Bolite Optoelectronics
• Nisshinbo Micro Devices
• General Electric Company
• Panasonic
• Samsung Electronics
• Omnivision Technologies
• Sony

Optoelectronic Market Insights

Lucintel forecasts that sensors will remain the largest segment over the forecast period due to swift integration of various sensors such as photodiodes, optical sensors, and image sensors across diverse industry sectors.

Within this market, consumer electronics will remain the largest segment due to increase in the use of a number of electronic components, including cameras, displays, optical storage, remote sensing systems, and optical communication systems.

North America is expected to witness highest growth over the forecast period due to escalating production of automobiles and a substantial rise in demand for premium passenger vehicles in this area.

Features of the Global Optoelectronic Market

Market Size Estimates: Optoelectronic 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 market size by device, material, and region in terms of value ($B).

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

Growth Opportunities: Analysis of growth opportunities in different device, material, end use industry, and regions for the optoelectronic market.

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

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

FAQ

Q1. What is the optoelectronic market size?

Answer: The global optoelectronic market is expected to reach an estimated $64.4 billion by 2030.

Q2. What is the growth forecast for optoelectronic market?

Answer: The global optoelectronic market is expected to grow with a CAGR of 5.6% from 2024 to 2030.

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

Answer: The major drivers for this market are growing optoelectronics demand across diverse sectors and increased utilization of infrared components in consumer electronics.

Q4. What are the major segments for optoelectronic market?

Answer: The future of the global optoelectronic market looks promising with opportunities in the aerospace & defense, automotive, consumer electronics, information technology, healthcare, residential & commercial, and industrial markets.

Q5. Who are the key optoelectronic market companies?

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

• Alfa Chemistry Materials
• OpenLight
• Veeco Instrument
• Bolite Optoelectronics
• Nisshinbo Micro Devices
• General Electric Company
• Panasonic
• Samsung Electronics
• Omnivision Technologies
• Sony

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

Answer: Lucintel forecasts that sensors will remain the largest segment over the forecast period due to swift integration of various sensors such as photodiodes, optical sensors, and image sensors across diverse industry sectors.

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

Answer: North America is expected to witness highest growth over the forecast period due to escalating production of automobiles and a substantial rise in demand for premium passenger vehicles in this area.

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 market by device (LEDs, sensors, infrared components, and others), material (gallium nitride, gallium arsenide, silicon carbide, and other), end use industry (aerospace & defense, automotive, consumer electronics, information technology, healthcare, residential & commercial, and industrial, 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?