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Optoelectronics Market

Global Optoelectronics Market Size, Share, Growth, Forecast: By Component: Image Sensors, Laser Diode, LED, Optocouplers, Photovoltaic Cells, Others; By End Use: Automotive, Aerospace and Defence, Consumer Electronics, Information Technology, Healthcare, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Optoelectronics Market Outlook

The global optoelectronics market size attained a value of approximately USD 7.31 billion in 2023. The market is further projected to grow at a CAGR of 14.8% in the forecast period of 2024-2032, reaching a value of around USD 25.31 billion by 2032.

 

Key Trends in the Market

Optoelectronics, also known as optronics, is a branch of technology which combines the usage of electronics and optics or light, utilising electronic systems and devices that identify, detect, and manipulate light. Various wavelengths of light are utilised through electronics that are able to emit light or detect light, thereby enabling further applications.

 

  • The thriving consumer electronics market, supported by rising disposable incomes, is surging the demand for optoelectronics globally, particularly for high quality displays. Global trends of reducing sizes of various consumer electronics products and increased integration within systems are likely to provide impetus to market growth of optoelectronics.
  • Increasing development of autonomous vehicles is a key trend driving the optoelectronics market growth as optoelectronics are used for automating different operations in vehicles, such as brake signalling and headlights. Rising sales of luxury vehicles equipped with various optoelectronics would also aid the growth of the market.
  • Rising investments in research and development, aimed towards reducing the costs of different optoelectronics components and expanding their capabilities and applications, would augment the demand for optoelectronics. Various companies are working towards increasing precision, power, and flexibility of optoelectronics components while also improving durability and manufacturing processes.

 

Global Optoelectronics Market Analysis

Based on component the market is divided into image sensors, laser diode, LED, optocouplers, and photovoltaic cells, among others. On the basis of end use, the optoelectronics market segmentation is automotive, aerospace and defence, consumer electronics, information technology, and healthcare, among others. The regional markets for optoelectronics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the optoelectronics global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

 

  • Samsung Electronics Co., Ltd.
  • Panasonic Corporation
  • Sony Corporation
  • ams-OSRAM International GmbH 
  • OMNIVISION Technologies, Inc. 
  • General Electric Company 
  • Micropac Industries, Inc. 
  • Mitsubishi Electric Corporation 
  • Optoi Srl 
  • Rohm Co., Ltd
  • Others

 

Market Share by Component

Laser diode components of optoelectronics are anticipated to witness substantial growth in the market for optoelectronics in the coming years. This can be attributed to the growing demand for laser diodes for laser generation in applications such as optic communications, barcode readers, and networking and printing technologies. Highly versatile, laser diodes are utilised across numerous industries, with significant applications in the automotive sector which is bolstering the optoelectronics market demand. In automotives, laser diodes are increasingly being used in vehicle headlights which improve visibility while being compact in size. Rising focus on improving road safety and reducing accidents is likely to augment the demand for laser diodes in automotives, further aiding the overall market for optoelectronics.

 

Market Share by Region

The Asia Pacific region accounts for a sizable optoelectronics market share, supported by the growing production of consumer electronics and automotives in the region. Presence of a strong manufacturing base in countries such as China and various key players in Japan and South Korea are aiding the expansion of the market for optoelectronics in the Asia Pacific. Meanwhile, efforts towards lowering energy usage and facilitating a transition towards renewable energy are heightening the demand for optoelectronics components such as LEDs and photovoltaic cells. Increasing smart city initiatives, development of technologies for virtual reality, and adoption of industrial internet of things (IIoT) are offering lucrative growth opportunities to the regional market for optoelectronics.

 

Competitive Landscape

Samsung Electronics Co., Ltd., founded in 1969 with headquarters in Suwon, South Korea, is a leading electronics multinational corporation. Offering a wide range of consumer electronics products such as smartphones, tablets, TVs, and home appliances, the company also manufactures electronic components including semiconductors, batteries, displays, and image sensors.

 

Panasonic Corporation is a prominent developer of diverse technologies and solutions for electronics which was established in 1918. Currently based in Osaka, Japan, the company specialises in consumer electronics as well as products and services related to automotive and avionics systems, rechargeable batteries, and industrial systems.

 

Sony Corporation, headquartered in Tokyo, Japan, is a subsidiary of the global Sony Group brand, specialising in electronics with a focus on research and development. Founded in 1946, Sony Corporation is a renowned manufacturer of professional and consumer electronic products as well as video games and video game console.

 

Other market players include ams-OSRAM International GmbH, OMNIVISION Technologies, Inc., General Electric Company, Micropac Industries, Inc., Mitsubishi Electric Corporation, Optoi Srl, and Rohm Co., Ltd, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • End Use
  • Region
Breakup by Component
  • Image Sensors
  • Laser Diode
  • LED
  • Optocouplers
  • Photovoltaic Cells
  • Others
Breakup by End Use
  • Automotive
  • Aerospace and Defence
  • Consumer Electronics
  • Information Technology
  • Healthcare
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Samsung Electronics Co., Ltd.
  • Panasonic Corporation
  • Sony Corporation
  • ams-OSRAM International GmbH 
  • OMNIVISION Technologies, Inc. 
  • General Electric Company 
  • Micropac Industries, Inc. 
  • Mitsubishi Electric Corporation 
  • Optoi Srl 
  • Rohm Co., Ltd
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
  
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Optoelectronics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Optoelectronics Historical Market (2018-2023) 
    8.3    Global Optoelectronics Market Forecast (2024-2032)
    8.4    Global Optoelectronics Market by Component
        8.4.1    Image Sensors
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Laser Diode
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    LED
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Optocouplers
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Photovoltaic Cells
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Optoelectronics Market by End Use
        8.5.1    Automotive
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Aerospace and Defence
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Consumer Electronics
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Information Technology
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Healthcare
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Optoelectronics Market by Region
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
9    North America Optoelectronics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Optoelectronics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Optoelectronics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Optoelectronics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Optoelectronics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price  
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Samsung Electronics Co., Ltd. 
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Panasonic Corporation 
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Sony Corporation 
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    ams-OSRAM International GmbH
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    OMNIVISION Technologies, Inc. 
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    General Electric Company
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Micropac Industries, Inc. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Mitsubishi Electric Corporation 
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Optoi Srl
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Rohm Co., Ltd
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Optoelectronics Market: Key Industry Highlights, 2018 and 2032
2.    Global Optoelectronics Historical Market: Breakup by Component (USD Million), 2018-2023
3.    Global Optoelectronics Market Forecast: Breakup by Component (USD Million), 2024-2032
4.    Global Optoelectronics Historical Market: Breakup by End Use (USD Million), 2018-2023
5.    Global Optoelectronics Market Forecast: Breakup by End Use (USD Million), 2024-2032
6.    Global Optoelectronics Historical Market: Breakup by Region (USD Million), 2018-2023
7.    Global Optoelectronics Market Forecast: Breakup by Region (USD Million), 2024-2032
8.    North America Optoelectronics Historical Market: Breakup by Country (USD Million), 2018-2023
9.    North America Optoelectronics Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Europe Optoelectronics Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Europe Optoelectronics Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Asia Pacific Optoelectronics Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Asia Pacific Optoelectronics Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Latin America Optoelectronics Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Latin America Optoelectronics Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Middle East and Africa Optoelectronics Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Middle East and Africa Optoelectronics Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Global Optoelectronics Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 7.31 billion.

The market is expected to grow at a CAGR of 14.8% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 25.31 billion by 2032.

The major drivers of the market include rising disposable incomes, increasing sale of consumer electronics, and growing usage in automotives.

The key optoelectronics market trends include increasing focus on renewable energy sources, advancements in optoelectronics technology, rising applications in healthcare, and expansion of optoelectronics production capacities.

The various components in the market for optoelectronics are image sensors, laser diode, LED, optocouplers, and photovoltaic cells, among others.

The significant end uses of optoelectronics in the market are automotive, aerospace and defence, consumer electronics, information technology, and healthcare, among others.

The major market players, according to the report, are Samsung Electronics Co., Ltd., Panasonic Corporation, Sony Corporation, ams-OSRAM International GmbH, OMNIVISION Technologies, Inc., General Electric Company, Micropac Industries, Inc., Mitsubishi Electric Corporation, Optoi Srl, and Rohm Co., Ltd, among others.

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