$77.9 Billion Worldwide Optoelectronics Industry to 2027 - Featuring ON Semiconductor, Cree & TT Electronics Among Others
DUBLIN, June 21, 2021 /PRNewswire/ -- The "Optoelectronics Market by Device (LEDs, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application (Measurement, Communication, Lighting), End User (Consumer Electronics, Healthcare), and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The optoelectronics market is expected to record a CAGR of 9.6% from 2020 to 2027 to reach $ 77.9 billion by 2027.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities. Factors such as the growing adoption of smart consumer electronics devices, increasing demand for optical solutions in the healthcare and automotive industries, and rising need for durable, low power consuming components are the factors driving the growth of this market. However, high initial costs associated with manufacturing and fabrication are expected to hamper the growth of the market to an extent.
Optoelectronics is a fast-emerging technology dealing with the sourcing, detection, and control of light. The technology has become increasingly important in a wide range of applications across the automotive, telecommunications, and other industry verticals. Optoelectronics is a broad field, and it covers many devices such as LEDs and elements, information displays, optical storages, remote sensing systems, and optical communication systems. Optoelectronics technology offers superior performance with high beam quality and low energy consumption at minimal costs. Moreover, as sensitive optoelectronic components operate in potentially high-temperature environments, active thermoelectric coolers are used for temperature stabilization to ensure maximum performance and longevity of the components.
The COVID-19 pandemic has drastically hit the manufacturing and processing industries worldwide. Governments worldwide imposed lockdowns to minimize the spread of the virus, resulting in the shutting down of manufacturing facilities and disruptions in supply chains owing to trade restrictions. The market witnessed a dip in 2020 due to the factors above. Moreover, as the market slowly and steadily opened up with relaxations in the lockdown, a demand-supply gap was witnessed due to the shutting down of production facilities and halted manufacturing operations. However, the market is expected to gain traction by 2021, with the manufacturing facilities operating at full capacity to cater to the growing demand.
The optoelectronics market has been segmented based on device, device material, application, end user, and geography.
The key players operating in the optoelectronics market are Rohm Co., Ltd (Japan), Renesas (Japan), Vishay Intertechnology, Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Osram Licht AG (Germany), ON Semiconductor (U.S.), Cree, Inc. (U.S.), TT Electronics (U.K.), Samsung Electronics Co., Ltd. (South Korea), Sony Corporation (Japan), Panasonic Corporation (Japan), General Electric Company (U.S.), Sharp Corporation (Japan), Broadcom (U.S.), and Texas Instruments (U.S.).
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. COVID-19: Impact Assessment
4.1. Scenario A: Severe Impact
4.2. Scenario B: Moderate Impact
4.3. Scenario C: Low Impact
5. Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Growing Demand for Smart Consumer Electronic Devices
5.2.1.2. Increasing Need for Long Life and Low Power Components
5.2.1.3. Optoelectronics in Healthcare and Automotive
5.2.2. Restraints
5.2.2.1. High Initial Costs Associated with Manufacturing and Fabrication
5.2.3. Opportunities -
5.2.3.1. Rising IoT Applications
5.2.3.2. Advancements in Li-Fi Technology
5.2.3.3. Innovations in Optoelectronic Devices
5.3. Value Chain Analysis
6. Global Optoelectronics Market, by Device
6.1. Introduction
6.2. Sensors
6.2.1. Phototransistor
6.2.2. Photodiode
6.2.3. Image Sensor
6.2.3.1. CMOS Image Sensor -
6.2.3.2. CCD Image Sensor
6.2.3.3. Hybrid Image Sensor
6.2.4. Optical Sensors
6.2.5. UV Sensor
6.2.6. Photo Relay
6.3. LED
6.3.1. General LED
6.3.2. UV LEDs
6.3.3. OLED
6.4. Infrared Components
6.4.1. Infrared Detectors
6.4.2. Infrared Trans-Receivers
6.4.3. Infrared Emitters
6.5. Displays
6.6. Optocoupler
6.7. Other Devices
6.8. Photovoltaic Cells/ Solar Cells
7. Global Optoelectronics Market, by Device Material
7.1. Introduction
7.2. Gallium Nitride
7.3. Gallium Arsenide
7.4. Silicon Carbide
7.5. Silicon Germanium
7.6. Gallium Phosphide
7.7. Indium Phosphide
8. Global Food Automation Market, by Application
8.1. Introduction
8.2. Measurement
8.3. Lighting
8.4. Displays
8.5. Security & Surveillance
8.6. Communication
8.7. Other Applications
9. Global Optoelectronics Market, by Industry Vertical
9.1. Introduction
9.2. Consumer Electronics
9.3. Residential
9.4. IT & Telecommunication
9.5. Commercial
9.6. Automotive
9.7. Healthcare
9.8. Aerospace & Defense
9.9. Industrial
9.10. Energy & Utility
9.11. Food & Beverage
9.12. Other Industry Verticals
10. Global Optoelectronics Market, by Geography
10.1. Introduction
10.2. Asia-Pacific
10.2.1. Japan
10.2.2. China
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Indonesia
10.2.7. Rest of Asia-Pacific
10.3. North America
10.3.1. U.S.
10.3.2. Canada
10.4. Europe
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Italy
10.4.5. Russia
10.4.6. Spain
10.4.7. Rest of Europe
10.5. Middle East & Africa
10.5.1. Saudi Arabia
10.5.2. South Africa
10.5.3. Rest of Middle East & Africa
10.6. Latin America
10.6.1. Brazil
10.6.2. Mexico
10.6.3. Argentina
10.6.4. Rest of Latin America
11. Competitive Landscape
11.1. Introduction
11.2. Key Growth Strategies
11.3. Market Share Analysis (2019)
11.3.1. Sony Corporation
11.3.2. Sharp Corporation
11.3.3. On Semiconductor Corporation
11.3.4. Samsung Electronics Co., Ltd.
11.3.5. Osram Licht Group
12. Company Profiles
12.1. ROHM Co., Ltd.
12.2. Renesas Electronics Corporation
12.3. Vishay Intertechnology, Inc.
12.4. Hamamatsu Photonics K.K.
12.5. Osram Licht Group
12.6. ON Semiconductor Corporation
12.7. Cree, Inc.
12.8. TT Electronics plc
12.9. Texas Instruments Incorporated
12.10. Sharp Corporation
12.11. Broadcom Inc.
12.12. General Electric Company
12.13. Panasonic Corporation
12.14. Sony Corporation
12.15. Samsung Electronics Co., Ltd.
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/nouuj
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article