Opto Semiconductors Global Market Report 2024

Description

“Opto Semiconductors Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on opto semiconductors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for opto semiconductors? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The opto semiconductors market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Optocouplers; LED; Image Sensor; Infrared Component; Laser Diode
2) By Material: Silicon; Gallium Arsenide; Gallium Phosphide; Indium Gallium Arsenide
3) By Application: Residential; Commercial; Automotive; Consumer Electronics; Telecommunication; Healthcare; Energy and Power
Companies Mentioned: Jenoptik AG; Epistar Corp.; Vishay Intertechnology Inc.; Osram Opto Semiconductors GmbH; Renesas Electronics Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Opto-semiconductors are electronic devices functioning through the absorption and emission of light. Featuring a light-sensitive surface capable of both emitting and absorbing light, these devices generate charge upon light interaction with their p-n junction-an integral component. Common applications include automobile lighting, room illumination, and pulsed laser power mechanisms.

The primary types of opto-semiconductors encompass optocouplers, LEDs, image sensors, infrared components, and laser diodes. Optocouplers facilitate the transmission of electrical signals between isolated circuits using light. Crafted from materials such as silicon, gallium arsenide, gallium phosphide, and indium gallium arsenide, these components find diverse applications across residential, commercial, automotive, consumer electronics, telecommunications, healthcare, and energy sectors.

The opto semiconductors market research report is one of a series of new reports from The Business Research Company that provides opto semiconductors market statistics, including opto semiconductors industry global market size, regional shares, competitors with a opto semiconductors market share, detailed opto semiconductors market segments, market trends and opportunities, and any further data you may need to thrive in the opto semiconductors industry. This opto semiconductors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The opto semiconductors market size has grown rapidly in recent years. It will grow from $53.27 billion in 2023 to $59.99 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. In the historic period, growth can be attributed to several pivotal developments. Advancements in infrared technology, early innovations in LED technology, the origins of semiconductor lasers, the inception of optical communication, and notable improvements in photodetector technologies collectively contributed to this growth trajectory.

The opto semiconductors market size is expected to see rapid growth in the next few years. It will grow to $94.81 billion in 2028 at a compound annual growth rate (CAGR) of 12.1%. The anticipated growth in the forecast period is expected to stem from several key drivers. These include increased focus on environmental sensing and monitoring, expanded applications in aerospace and defense, the integration of smart lighting and displays, augmented and virtual reality adoption, and the ongoing expansion of renewable energy initiatives.

The optoelectronic semiconductor market is poised for growth due to the surging demand for fiber-optic communication. This method utilizes light instead of electricity to transmit data across locations. Light modulators within fiber optic communication systems are facilitated by optoelectronic semiconductors, enabling data transmission over long distances without intermediate processing. Notably, in the first half of 2021, a China-based fiber optic equipment company reported a revenue increase from $34.716 billion in 2020 to $40.118 billion, indicating the escalating demand driving the optoelectronic semiconductor market.

The upward trajectory of internet traffic is anticipated to fuel growth in the opto semiconductor market. Internet traffic denotes data packet movement among internet-connected devices. This surge, propelled by increased online users and the need for high-speed data transmission, amplifies the deployment of fiber-optic communication networks. Optoelectronic semiconductors such as LEDs and photodetectors are pivotal in these systems. Notably, mobile devices account for over 55% of website traffic, with 92.3% of internet users accessing it via mobile devices, totaling around 4.32 billion users, driving demand for opto semiconductors.

Technological advancements are a prevailing trend shaping the optoelectronic semiconductor market. Key industry players are adopting novel technologies to maintain their market position. For instance, in April 2023, Ams Osram unveiled the TOPLED D5140, SFH 2202, a superior photodiode catering to wearable health trackers and medical diagnostic devices. This advancement showcases enhanced sensitivity to green visible light and superior performance in the infrared spectrum, notably improving heart rate assessment accuracy.

Market leaders in the opto semiconductor arena focus on innovation, exemplified by products such as the LM10 chip, aimed at boosting profitability. The LM10 chip, a monolithic linear integrated circuit, consolidates operational and reference amplifiers onto a single chip. For instance, Lumotive Inc. launched the LM10 chip in August 2023, offering advanced scanning capabilities and dynamic region adjustment for 3D sensing applications in robotics, smart infrastructure, and automotive sectors. Its compact size and reliability enable digital beam steering, overcoming limitations of conventional lidar sensors.

In March 2021, Luminar Technologies, a US-based pioneer in vision-based lidar and machine perception technologies, completed the acquisition of Freedom Photonics for an undisclosed sum. This strategic merger bolsters Luminar's position in advancing vehicle safety and autonomy. Freedom Photonics, also US-based, specializes in crafting distinctive and inventive photonic components, modules, and subsystems.

Major companies operating in the opto semiconductors market report are Jenoptik AG, Epistar Corp., Vishay Intertechnology Inc., Osram Opto Semiconductors GmbH, Renesas Electronics Corporation, Nichia Corporation, Toshiba Electronic Devices & Storage Corporation, Mitsubishi Electric Corporation, Rohm Co. Ltd., Broadcom Inc., LITE-ON Technology Corporation, TT Electronics PLC, Littelfuse Inc., Ushio America Inc., Sharp Corporation, Lumileds Holding B.V., General Electric Company, Panasonic Corporation, Omnivision Technologies Inc., Sony Corporation, Koninklijke Philips N.V., Texas Instruments Inc., Stanley Electric Co., Everlight Electronics Co.Ltd., Cree Inc., Finisar Corporation, Lumentum Holdings Inc., Applied Optoelectronics Inc., II-VI Incorporated, NeoPhotonics Corporation, Accelink Technologies Co.Ltd., Kingbright Electronic Co. Ltd., Inphi Corporation, Oclaro Inc., Emcore Corporation

Asia-Pacific was the largest region in the opto semiconductors market in 2023. The regions covered in the opto semiconductors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the opto semiconductors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The opto semiconductor market consists of sales of photodiodes, laser diodes, and solar cells. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11975

1. Executive Summary

2. Opto Semiconductors Market Characteristics

3. Opto Semiconductors Market Trends And Strategies

4. Opto Semiconductors Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Opto Semiconductors Market Size and Growth

5.1. Global Opto Semiconductors Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Opto Semiconductors Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Opto Semiconductors Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Opto Semiconductors Market Segmentation

6.1. Global Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Optocouplers
LED
Image Sensor
Infrared Component
Laser Diode
6.2. Global Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Silicon
Gallium Arsenide
Gallium Phosphide
Indium Gallium Arsenide
6.3. Global Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Automotive
Consumer Electronics
Telecommunication
Healthcare
Energy and Power

7. Opto Semiconductors Market Regional And Country Analysis

7.1. Global Opto Semiconductors Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Opto Semiconductors Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Opto Semiconductors Market

8.1. Asia-Pacific Opto Semiconductors Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Opto Semiconductors Market

9.1. China Opto Semiconductors Market Overview
9.2. China Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Opto Semiconductors Market

10.1. India Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Opto Semiconductors Market

11.1. Japan Opto Semiconductors Market Overview
11.2. Japan Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Opto Semiconductors Market

12.1. Australia Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Opto Semiconductors Market

13.1. Indonesia Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Opto Semiconductors Market

14.1. South Korea Opto Semiconductors Market Overview
14.2. South Korea Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Opto Semiconductors Market

15.1. Western Europe Opto Semiconductors Market Overview
15.2. Western Europe Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Opto Semiconductors Market

16.1. UK Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Opto Semiconductors Market

17.1. Germany Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Opto Semiconductors Market

18.1. France Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Opto Semiconductors Market

19.1. Italy Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Opto Semiconductors Market

20.1. Spain Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Opto Semiconductors Market

21.1. Eastern Europe Opto Semiconductors Market Overview
21.2. Eastern Europe Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Opto Semiconductors Market

22.1. Russia Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Opto Semiconductors Market

23.1. North America Opto Semiconductors Market Overview
23.2. North America Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Opto Semiconductors Market

24.1. USA Opto Semiconductors Market Overview
24.2. USA Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Opto Semiconductors Market

25.1. Canada Opto Semiconductors Market Overview
25.2. Canada Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Opto Semiconductors Market

26.1. South America Opto Semiconductors Market Overview
26.2. South America Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Opto Semiconductors Market

27.1. Brazil Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Opto Semiconductors Market

28.1. Middle East Opto Semiconductors Market Overview
28.2. Middle East Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Opto Semiconductors Market

29.1. Africa Opto Semiconductors Market Overview
29.2. Africa Opto Semiconductors Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Opto Semiconductors Market, Segmentation By Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Opto Semiconductors Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Opto Semiconductors Market Competitive Landscape And Company Profiles

30.1. Opto Semiconductors Market Competitive Landscape
30.2. Opto Semiconductors Market Company Profiles
- 30.2.1. Jenoptik AG
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Epistar Corp.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Vishay Intertechnology Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Osram Opto Semiconductors GmbH
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Renesas Electronics Corporation
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Opto Semiconductors Market Competitive Benchmarking

32. Global Opto Semiconductors Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Opto Semiconductors Market

34. Opto Semiconductors Market Future Outlook and Potential Analysis

34.1 Opto Semiconductors Market In 2028 - Countries Offering Most New Opportunities
34.2 Opto Semiconductors Market In 2028 - Segments Offering Most New Opportunities
34.3 Opto Semiconductors Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer