Optoelectronics is an emerging technology for electronic devices that source, detect and control light. These devices can either convert electrical energy to optical energy or vice versa. In the past few years, the optoelectronics market has witnessed rise in demand due to tremendous use of this technology in compact disc players, smoke detectors, spectroscopy, night vision equipment and many others. This technology is also used for data transmission over specific range of distance. Optoelectronic components are used in Electric, Gas and water meters to measure the usage and to perform maintenance diagnostics
The Global Optoelectronics market can be segmented on basis of components, devices and end user industry. Prime components that comprise optoelectronic devices are phototransistors, photodiodes, photo-resistors, LEDs, different visual indicators, light emitters and detectors, opto-couplers, sensors and few others. Optoelectronic devices such as photodiodes, solar cells, LEDs, laser diodes and others are fabricated to improve the light absorption and emission which results in a high conversion efficiency. Optoelectronics has expanded its market in medical, commercial, telecommunication, entertainment and few other industries.
The market is also analyzed based on geographic regions which are grouped into Americas, APAC, Europe as well as RoW regions. Due to need for highly advanced technologies America is leading producer of the optoelectronics products. In APAC, China and Japan are expected to grow in this field due the increasing demand of laser transmitters. In Europe, Germany has the largest manufacturer of optoelectronic objects.
The major trends driving the growth of Optoelectronics market are the demand of high brightness LEDs, CMOS image sensors and fiber optic laser transmitter.
The key players of the optoelectronics market are
- General Electric Company (U.S.),
- Samsung Electronics Co., Ltd (South Korea),
- Panasonic Corporation (Japan),
- Toshiba Corporation (Japan)
- Sony Corporation (Japan) amongst others.