Optoelectronics Market

Optoelectronics Market by Types (Photo Voltaic (PV) Cells, Optocouplers, Image Sensors, Light Emitting Diodes (LEDs), Laser Diodes (LDs), and Infrared Components (IR)), End-users (Aerospace & Defense, Automotive, Consumer Electronics, Information Technology, Healthcare, Residential and Commercial, and Industrial), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021–2028

  • Report ID: ICT-SE-265
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 8
  • No. Of Pages: 198
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The global optoelectronics market was valued at USD 5.14 billion in 2020 and is anticipated to expand at a CAGR of 10.2% during the forecast period, 2021 - 2028. The growth of the market is attributed to the increasing demand for advanced consumer electronics. Moreover, technological advancements are expected to spur the market growth.

Optoelectronics Market key takeaways


Optoelectronic devices are deployed in areas such as LED lighting, optical sensors, optical interconnects, and photonic cells. These are the devices that either covert light energy to electricity or electricity to light energy through semiconductors. These devices are expected to replace traditional electronics due to their cost effectiveness, high performance, and durability.

Market Drivers, Restraints, Trends, and Opportunities

  • Increasing demand for optoelectronic equipment in consumer electronics such as CD/DVD & Blu-ray storage technologies, flexible television display panels, photocopy machines, and smartphones.
  • Rising demand for sophisticated devices that offer efficient solutions, dynamics areas of applications and portable devices is anticipated to spur the market growth.
  • Low customization rate, complex operational usage, and high deployment costs are some of the key factors that are expected to drive market growth during the forecast period.
  • High cost physical & thermal testing are the major restraints of the market growth.
  • The COVID-19 pandemic has adversely affected the market growth due to the suspension of manufacturing operations and slowdown of transportation across the globe.

Scope of the report

The report on the global optoelectronics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
 

Attributes Details
Report Title Optoelectronics Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Base Year 2020
Historic Data 2018–2019
Forecast Period 2021–2028
Segmentation Types (Photo Voltaic (PV) Cells, Optocouplers, Image Sensors, Light Emitting Diodes (LEDs), Laser Diodes (LDs), and Infrared Components (IR)), End-users (Aerospace & Defense, Automotive, Consumer Electronics, Information Technology, Healthcare, Residential and Commercial, and Industrial)
Regional Scope Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered Avago Technologies, JDSU, Fujitsu, Oplink Communications LLC, Broadex Technologies, Sony Corp., Finisar, Sharp Corp., Oclaro Inc., Toshiba Corp., Accelink Technologies, Panasonic Corp., Avago Technologies, NeoPhotonics, BetaLED, Browave, and Philips.


Global optoelectronic market segment insights

Based on types, the market is segmented into photo voltaic (PV) cells, optocouplers, image sensors, light emitting diodes (LEDs), laser diodes (LDs), and infrared (IR) components. The light emitting diodes (LEDs) segment is expected to witness substantial growth during the forecast period. On the other hand, the increasing demand for LDs in the industrial sector is expected to spur the laser diodes (LDs) segment.

Optoelectronics Market By Types


On the basis of end-users, the market is segmented into aerospace & defense, automotive, consumer electronics, information technology, healthcare, residential, commercial and industrial. The healthcare segment is expected to witness and impressive growth owing to the increasing use of optoelectronics in endoscopic medicine and surgery. Furthermore, pulse oximetry, blood diagnostics, and dental diagnosis are the other areas of application in the healthcare sector, which is propelling the segment growth.

Optoelectronics Market By End Users


The automotive segment is anticipated to account for a large market share in the foreseeable future owing to increasing consumer spending on luxury vehicles and adoption of electric vehicles, trucks, and autonomous vehicles. These devices boost the comfort and convenience of the vehicles. The commercial segment is expected to boom during the forecast period owing to increasing demand for optoelectronic devices in this sector.

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to emerge as a major region in the optoelectronic market during the forecast period. This is due to increasing investments in the development of smart infrastructure and focus in automation technologies in this region. North America accounted for a market share of 36.2% in 2019.The growth of the market in Europe is attributed to the increasing use of optoelectronic in industrial sectors, avionics, and cinematography.

Optoelectronics Market By Regions


 In Asia Pacific, China is expected to dominate the market due to the increasing demand for electronic devices. The country is also anticipated to be the leading manufacturers of optoelectronic devices during the forecast period.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Optoelectronics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Optoelectronics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Optoelectronics Market - Supply Chain
  4.5. Global Optoelectronics Market Forecast
     4.5.1. Optoelectronics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Optoelectronics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Optoelectronics Market Absolute $ Opportunity
5. Global Optoelectronics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Optoelectronics Market Size and Volume Forecast by Types
     5.3.1. Photo Voltaic (PV) Cells
     5.3.2. Optocouplers
     5.3.3. Image sensors
     5.3.4. Light Emitting Diodes (LED)
     5.3.5. Laser Diode (LD)
     5.3.6. Infrared Components (IR)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Optoelectronics Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Optoelectronics Market Size and Volume Forecast by End Users
     6.3.1. Aerospace & Defense
     6.3.2. Automotive
     6.3.3. Consumer Electronics
     6.3.4. Information Technology
     6.3.5. Healthcare
     6.3.6. Residential and Commercial
     6.3.7. Industrial
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Optoelectronics Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Optoelectronics Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Optoelectronics Demand Share Forecast, 2019-2026
8. North America Optoelectronics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Optoelectronics Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Optoelectronics Market Size and Volume Forecast by Types
     8.4.1. Photo Voltaic (PV) Cells
     8.4.2. Optocouplers
     8.4.3. Image sensors
     8.4.4. Light Emitting Diodes (LED)
     8.4.5. Laser Diode (LD)
     8.4.6. Infrared Components (IR)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Optoelectronics Market Size and Volume Forecast by End Users
     8.7.1. Aerospace & Defense
     8.7.2. Automotive
     8.7.3. Consumer Electronics
     8.7.4. Information Technology
     8.7.5. Healthcare
     8.7.6. Residential and Commercial
     8.7.7. Industrial
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Optoelectronics Demand Share Forecast, 2019-2026
9. Latin America Optoelectronics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Optoelectronics Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Optoelectronics Market Size and Volume Forecast by Types
     9.4.1. Photo Voltaic (PV) Cells
     9.4.2. Optocouplers
     9.4.3. Image sensors
     9.4.4. Light Emitting Diodes (LED)
     9.4.5. Laser Diode (LD)
     9.4.6. Infrared Components (IR)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Optoelectronics Market Size and Volume Forecast by End Users
     9.7.1. Aerospace & Defense
     9.7.2. Automotive
     9.7.3. Consumer Electronics
     9.7.4. Information Technology
     9.7.5. Healthcare
     9.7.6. Residential and Commercial
     9.7.7. Industrial
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Optoelectronics Demand Share Forecast, 2019-2026
10. Europe Optoelectronics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Optoelectronics Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Optoelectronics Market Size and Volume Forecast by Types
     10.4.1. Photo Voltaic (PV) Cells
     10.4.2. Optocouplers
     10.4.3. Image sensors
     10.4.4. Light Emitting Diodes (LED)
     10.4.5. Laser Diode (LD)
     10.4.6. Infrared Components (IR)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Optoelectronics Market Size and Volume Forecast by End Users
     10.7.1. Aerospace & Defense
     10.7.2. Automotive
     10.7.3. Consumer Electronics
     10.7.4. Information Technology
     10.7.5. Healthcare
     10.7.6. Residential and Commercial
     10.7.7. Industrial
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Optoelectronics Demand Share Forecast, 2019-2026
11. Asia Pacific Optoelectronics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Optoelectronics Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Optoelectronics Market Size and Volume Forecast by Types
     11.4.1. Photo Voltaic (PV) Cells
     11.4.2. Optocouplers
     11.4.3. Image sensors
     11.4.4. Light Emitting Diodes (LED)
     11.4.5. Laser Diode (LD)
     11.4.6. Infrared Components (IR)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Optoelectronics Market Size and Volume Forecast by End Users
     11.7.1. Aerospace & Defense
     11.7.2. Automotive
     11.7.3. Consumer Electronics
     11.7.4. Information Technology
     11.7.5. Healthcare
     11.7.6. Residential and Commercial
     11.7.7. Industrial
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Optoelectronics Demand Share Forecast, 2019-2026
12. Middle East & Africa Optoelectronics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Optoelectronics Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Optoelectronics Market Size and Volume Forecast by Types
     12.4.1. Photo Voltaic (PV) Cells
     12.4.2. Optocouplers
     12.4.3. Image sensors
     12.4.4. Light Emitting Diodes (LED)
     12.4.5. Laser Diode (LD)
     12.4.6. Infrared Components (IR)
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Optoelectronics Market Size and Volume Forecast by End Users
     12.7.1. Aerospace & Defense
     12.7.2. Automotive
     12.7.3. Consumer Electronics
     12.7.4. Information Technology
     12.7.5. Healthcare
     12.7.6. Residential and Commercial
     12.7.7. Industrial
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Optoelectronics Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Optoelectronics Market: Market Share Analysis
  13.2. Optoelectronics Distributors and Customers
  13.3. Optoelectronics Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Types

  • Photo Voltaic (PV) Cells
  • Optocouplers
  • Image sensors
  • Light Emitting Diodes (LED)
  • Laser Diode (LD)
  • Infrared Components (IR)

End-users

  • Aerospace & Defense
  • Automotive
  • Consumer Electronics
  • Information Technology
  • Healthcare
  • Residential and Commercial
  • Industrial

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players in the global optoelectronic market are Avago Technologies, JDSU, Fujitsu, Oplink Communications LLC, Broadex Technologies, Sony Corp., Finisar, Sharp Corp., Oclaro Inc., Toshiba Corp., Accelink Technologies, Panasonic Corp., Avago Technologies, NeoPhotonics, BetaLED, Browave, and Philips.

Companies are focusing on improving their product offerings by engaging in mergers and acquisitions.

Optoelectronics Market By Key Players

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