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Global
Optoelectronics Market Outlook
Aesthetic
appearance is one of the most important features when lighting is concerned. Lighting
in automobiles, consumer electronics, and other end-user products is an
essential part of its display technology. According to a recent report
published by IndustryARC, the global optoelectronics market size was $3.56
billion as of 2018. Considering the current scenario and future prospects, the global
optoelectronics market is evaluated to grow at a compound annual growth rate
(CAGR) of 16.59% during the forecast period of 2019 to 2025.
The report is
titled “Optoelectronics Market: By Components (Phototransistors, Optocouplers
and Others), By Devices (Photodiodes, LEDs and Others), By End User Industry
(Medical, Telecommunication and Others) and By Geography – Forecast (2019 -
2025).” The report provides an in-depth analysis of optoelectronics market
divisions such as drivers, applications, restraints, challenges, competition,
and geographical distribution.
Global
Optoelectronics Market: Leading Segments
The North American region is growing faster than any other region wherever optoelectronics marketplace has some demand. In 2018, North America held 35.19% of the total demand market. According to the IndustryARC analyst, the optoelectronic market is still in nascent age and the comprehensive growth has shown in the market can be justified by the huge capital investment in the research and development to explore new possibilities.
By application,
the automotive sector is the most lucrative segment in the optoelectronics market. The automotive application is projected for a healthy CAGR of 14.29% through the forecast period of 2019 to 2025.
Increased application of light emitting diodes (LED) and photo voltaic (PV)
cells at various exteriors and interior of the vehicle is the prominent reason
for the growth of the segment.
Global
Optoelectronics Industry Analysis
Consumer
Electronics: Optoelectronics refers to electronic discipline, which focuses on light-detecting and light-emitting devices. Optoelectronics is an amalgamation of elements such as injection laser diodes,
quantum cascade lasers, photoconductive camera tubes, photo-emissive camera
tube, and the integrated optical circuit (IOC). Display screens used in
numerous consumer electronics are a part of optoelectronics market products. A
wide variety of consumer electronics such as mobile, tablets, smartphones,
display monitors, are benefiting the global optoelectronics market. According
to GSMA[KK1] , the
apex of mobile devices surpassed the mark of 9 billion units till the year
2018. The consumer electronics sector is one of the paramount reasons for the
growth in the global optoelectronics market.
Automobile: Optoelectronic
lighting equipment is extensively used in the automobile industry. Application
of LEDs in vehicles optimizes the aesthetics, performance, and visibility for
the vehicles. The sales of luxury vehicles also an important factor that
induces profits in the optoelectronics markets. Changing lifestyles and
increasing disposable income among the developing economies is changing the
landscape of the global optoelectronics market. According to the World
Economic Forum[KK2] , the
global number of cars are expected to reach 2 billion, and the number of trucks
will surpass the mark of 900 million by 2040. The rapidly increasing automobile
production and demands from both the developed and developing economies is
fuelling the global optoelectronics market growth.
Global
Optoelectronics Market Trends
· The
optoelectronics products are now being wielded in the textile and apparels
industry. A whole new segment of the latest technically inbound apparel
industry is booming in the market. Lighted shoes, T-shirts, and jackets have
started to take over sober garments available in the market. The increasing
population is resonating the growth in the global textile market, and the same
is subjected to benefit the trending techniques in the optoelectronics market.
Light
emitting diode (LED) is the typically used technology in the optoelectronics
market. However, advancement in the photonics industry introduced the organic
light emitting diode (OLED) and active-matrix organic light emitting display
(AMOLED). These displays are changing the way the population perceived display
screens. These are high-efficient, high-performance and sustainable display
techniques initiated. With the growing demands for advanced smartphones,
smart-watches and televisions, the optoelectronics market demands will
subsequently grow.
Some of the key
companies identified in the report that are currently holding majority shares
in the automotive coatings market are Texas Instruments Inc., Broadcom Inc.,
Vishay Intertechnology, Inc, Hella KGaA Hueck & Co, OSRAM Licht AG, Grupo
Antolin, Koito Manufacturing Co., Ltd., Koninklijke, Philips N.V., Stanley
Electric Co., Ltd., Magneti Marelli, and S.p.A.
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=15031
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What
can you expect from the report?
The
global optoelectronics market is prepared
with the main agenda to cover the following 20 points:
1.
Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2.
Market trends & Relevant Market Data 12. Country level Analysis
3.
Manufacturer Landscape 13. Competitor Analysis
4.
Distributor Landscape 14. Market Shares Analysis
5.
Pricing Analysis 15. Value Chain Analysis
6.
Top 10 End user Analysis 16. Supply Chain Analysis
7.
Product Benchmarking 17. Strategic Analysis
8.
Product Developments 18. Current & Future Market
Landscape Analysis
9.
Mergers & Acquisition Analysis 19. Opportunity Analysis
10.
Patent Analysis 20. Revenue and Volume Analysis
Frequently
Asked Questions:
Q.
Does IndustryARC provide customized reports and charge additionally for limited
customization?
Response: Yes, we can
customize the report by extracting data from our database of reports and annual
subscription databases. We can provide the following free customization:
1.
Increase the level of data in application or end user industry.
2.
Increase the number of countries in geography chapter.
3.
Find out market shares for other smaller companies or companies which are of
interest to you.
4.
Company profiles can be requested based on your interest.
5.
Patent analysis, pricing, product analysis, product benchmarking, value and
supply chain analysis can be requested for a country or end use segment.
Any
other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a quotel, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=15031
Media
Contact:
Mr.
Venkat Reddy
Sales
Manager
Email
1: [email protected]
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Email 2: [email protected]
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Sales: +1-614-588-8538 (Ext-101)
About
IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500
reports annually, in various industries such as Agriculture, Automotive,
Automation & Instrumentation, Chemicals and Materials, Energy and Power,
Electronics, Food and Beverages, Information Technology, and Life sciences and
Healthcare.
References:
[KK1]https://www.gsma.com/
[KK2]https://www.weforum.org/agenda/2016/04/the-number-of-cars-worldwide-is-set-to-double-by-2040