Optoelectronics - Global Market Outlook (2017-2023)
According to Stratistics MRC, the Global Optoelectronics Market is expected to grow at a CAGR of 18.3% during the forecast period i.e 2016 - 2023. Factors such as Laser transmitters for high-speed optical networks, demand for digital cameras, increase in smart phones sales, low power consumption, growing use of optoelectronic systems in automotive sector and high-capacity batteries in cars are driving the market growth. Surge for Organic LEDs (OLEDs), innovations such as plasmanic nanostructures, perovskite transistors, optically active quantum dots, microscopic light bulbs and inexpensive 3D imaging will provide opportunities for optoelectronics market. However, high cost of energy efficient displays, complex operational usage and cheaper substitute technologies will hamper market growth.
By Components, LED segment is expected to lead the market. The features like long operational life, efficiency and high durability making LEDs use in a broad variety of lighting applications. Further, image sensors are widely used in machine vision cameras, surveillance cameras and automotive cameras which make image sensors widely used segment other than LEDs.
By region, Asia Pacific is anticipated to grow at a significant rate during the forecast period. Increasing opportunities in China’s optoelectronics market, along with the rising demand from other nations such as India, Japan, and South Korea, will support the Asia Pacific market gain significant momentum.
Some of the key players in global Optoelectronics market are Sharp Corp, On Semiconductors Corp, Fairchild Semiconductor International Inc, Applied Optoelectronics, Inc, Mouser Electronics, OSI Optoelectronics, Friedrich Lütze GmbH & Co. KG, Murr Electronik GmbH, Avago Technologies Ltd, Finisar Corporation, Isocom Components 2004 Ltd, Jameco Electronics, Ltd, Mitsubishi Electric Ltd, OSRAM Opto Semiconductors GmbH & Co, Samsung Electronics Ltd, Panasonic Corporation, San'an Optoelectronics Co., Ltd., Sony Corporation, MaxWell Technologies, Inc., Standex Meder Electronics, Inc, Texas Instruments, Vishay Intertechnology Inc and Toshiba Corp.
Regions Covered: • North America US Canada Mexico • Europe Germany France Italy UK Spain Rest of Europe • Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific • South America Argentina Brazil Chile Rest of South America • Middle East & Africa Saudi Arabia UAE Qatar South Africa Rest of Middle East & Africa
What our report offers: - Market share assessments for the regional and country level segments - Market share analysis of the top industry players - Strategic recommendations for the new entrants - Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets - Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations) - Strategic recommendations in key business segments based on the market estimations - Competitive landscaping mapping the key common trends - Company profiling with detailed strategies, financials, and recent developments - Supply chain trends mapping the latest technological advancements