Market Research Report
Optoelectronic Components - Global Market Outlook (2018-2027)
|Optoelectronic Components - Global Market Outlook (2018-2027)|
Published: February 20, 2020
Stratistics Market Research Consulting
Content info: 152 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Optoelectronic Components Market is accounted for $37.55 billion in 2018 and is expected to reach $66.19 billion by 2027 growing at a CAGR of 6.5% during the forecast period. While the factors like growing usage of infrared components in cameras and automobiles and low power consumption of optoelectronic machinery are driving the growth of the market. However, high cost of raw materials is restraining the market growth.
Optoelectronic components are electronic components that identify and control light, and changes over electrical signs into infrared or visible energy or vice versa. It is utilized in electric eyes, screen and control circuits, photovoltaic force supplies, and optical fibres communications systems. Infusion laser diodes and quantum course lasers use optoelectronic components for stimulated emission. Picture sensors and LEDs are utilized for safety purposes, packaging, and digital imaging systems.
Based on end user, consumer electronic devices sub segment in the devices segment is likely to have a huge demand due to technological advancements and the increasing use of consumer goods such as high-end stylish cameras, photocopy kit, smartphones and more. By geography, Europe is estimated to have a lucrative growth due to high growth in emerging countries in this region such as rapid industrialization and modernization in Japan and increasing manufacturing activity in India are driving the market in this region.
Some of the key players in Global Optoelectronic Components market include Vishay, TT Electronics, Trumpf, Sony, SICK AG, Sharp, Samsung, Rohm, Osram, OSI System, ON Semiconductor, Omnivision, Newport, Micropac, Himax, Hamamatsu, Cree and Broadcom.
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.