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
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.
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.
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.
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.
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.
Segments
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
Competitive Landscape
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.
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.
Our Clients
Related Reports
Some other reports from this category!
