Optoelectronics Market By Product Type (Laser Diode, Optocouplers/ Optical Fibers, Photodetectors, Image Sensors, LED, Others), By End-Use Industry (Aerospace & Defense, Consumer Electronics, Information Technology, Residential & Commercial, Automotive, Healthcare, Industrial, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 – 2027
Key Market Insights
"Rising Adoption of Light Technology across Various Sectors predicted to uplift the demand of Optoelectronics Devices Globally"
The global optoelectronics market was stood at US$ 4.57 Bn in the year 2018 and expected to reach US$ 11.84 Bn by the year 2027, expanding at a CAGR of 11.2% during the forecast from 2019 to 2027.
Significant disruptions in electronic devices over the recent past along with the rising trend of renewable energy sources has triggered the growth of optoelectronics market. Optoelectronics are the electronics devices that uses optical interaction to generate an electronic response in presence of some optically active semiconductors. Its significant advantages over the traditional semiconductor devices has surged its adoption in various sectors such as automotive, medical, research, and many others. Some of its attractive features are low power consumption, high bandwidth for communication, and high sensitivity for temperature.
In addition, stringent regulations for electricity consumption along with increasing contamination of harmful gases in the atmosphere during electricity generation have triggered the application of light energy. European government including other regional governments has thrived their development pace of the photonic industry. For instance, the European government has designed its strategic roadmap for the adoption of light technology in various end-use sectors until 2027. They have projected the light technology market growth at 8.4% in the region up to the year 2027.
Product Type Analysis
"Laser Diode expected to witness a Flourishing Growth during the Forecast Period"
In 2018, LED held the largest revenue share in the global optoelectronics market. Its significant application in ICs, computers, microelectronics, display electronics, and in many other sectors is the prime factor contributing to its significant growth. However, laser diodes expected to witness frenetic growth during the forecast period owing to the increasing deployment of lasers in the industrial sector. In addition, laser diodes are the widely used optoelectronic component used for laser generation across various verticals. Furthermore, increasing investment in LiDAR technology anticipated to uplift the laser diode market growth in the coming years. For instance, in August 2019, Valeo, a France based car parts manufacturing company announced to invest US$ 555.37 in LiDAR sensors.
End-use Industry Analysis
"Automotive Industry foresees Lucrative Growth over the Analysis Period"
Despite sluggish growth in automotive sale new technology integration and innovations in the automotive industry has gained remarkable momentum over the past few years. The introduction of autonomous cars and driver assistance systems has made the industry vulnerable to the increased application of sensors. Furthermore, the rising concern for safety and security has surged the deployment of optoelectronic devices in the automotive sector. In addition, players are also expanding their reach in the automotive optoelectronics market seeing the exponential demand from customers. In December 2019, Tesla Inc. opened a new research & development facility in Taiwan. The new research center mainly focuses on the development of mini LED displays for automotive, automotive lighting, and large size displays.
Regional Analysis
"North America acquired Prominent Revenue Share in the Global Optoelectronics Market in 2018"
Increasing investment in smart infrastructure and automation technology has projected North America as the global leader in the optoelectronics market in 2018. North America leads the global smart building investment with around 36% share across the world. The region also witnesses an escalating growth in smart energy, smart city, and other smart solutions. Several smart city projects are running in North American cities including Detroit, Austin, San Diego, Portland, and many more.
The Asia Pacific anticipated registering the fastest growth in optoelectronics market during the forecast period. The exponential growth of the region is mainly due to the large consumer electronics and the automotive market. In addition, the growth of optoelectronic devices is also foreseen in other sectors such as running smart city projects, new technologies such as Internet of Things (IoT), big data, augmented & virtual reality, and smart industrial appliances.
Key Players & Competitive Landscape:
"Alluring Opportunity for Innovation has surged the Competition among the Optoelectronics Market Players"
The global optoelectronics market is a mature market but still ushers innovations and paradigm shifts in the coming years. Several unexplored areas in optoelectronics provide an alluring opportunity for research & development. Therefore, the market players are grapple in a close fight to strengthen their footprint in the global optoelectronics market.
List of Companies Covered:
- Toshiba Corp.
- Sony Corp.
- Samsung Electronics
- Osram Licht AG
- ROHM Co., Ltd.
- Sharp Corp.
- BetaLED
- Avago Technologies
- Panasonic
- Philips
Key Industry Development:
- On September 04, 2018, San’an Optoelectronics, a china-based optoelectronics manufacturing company announced to start its first production line of a micro-LED wafer in the year 2019. The company has developed 20-micron micro-LED and planning to develop 10 microns LED flip-chips and 4-micron LEDs. These micro LEDs were designed to be used in automotive taillights, wearables, and large-area displays.
- On April 25, 2017, Cree Inc. signed a joint venture agreement with San’an Optoelectronics Co., Ltd. to deliver high-performance LED in an attractive arrangement for the expanding markets in North America, Europe, Japan, China, Latin America, and the rest of the world.
Historical & Forecast Period
This research study provides qualitative as well as quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The research study titled optoelectronics market offers market size and forecasts based on market dynamics and predominant trends shaping the industry. The report provides all-round view of the global optoelectronics market based on product type, end-use industry, and geography. Key segments covered in the report are as follows:
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2017-2027 |
| Base Year | 2018 |
| Forecast Period | 2019-2027 |
| Historical Year | 2017 |
| Unit | US$ Billion |
| Segmentation |
Product Type Segment (2017–2027; US$ Bn) |
|
End-use Industry Segment (2017–2027; US$ Bn) |
|
|
Geography Segment (2017–2027; US$ Bn) |
Key questions answered in this report
- What was the global market size of optoelectronics in 2017 & 2018?
- What are the estimated forecast and market projections up to 2027?
- Which is the largest regional market for optoelectronics?
- Which optoelectronics product is largely preferred on a global scale?
- Which is the most lucrative end-use industry of optoelectronics?
- Which are the predominant trends shaping the global optoelectronics market?
- Which is the most promising, attractive, and less-explored region in the global optoelectronics market?
- Who are the leading players in the global optoelectronics market?
- What are the premiere strategies adopted by the leading players in the global optoelectronics market?
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Optoelectronics Market
2.2. Global Optoelectronics Market, by Product Type, 2018 (US$ Bn)
2.3. Global Optoelectronics Market, by End-use Industry, 2018 (US$ Bn)
2.4. Global Optoelectronics Market, by Geography, 2018 (US$ Bn)
3. Market Dynamics
3.1. Introduction
3.1.1. Global Optoelectronics Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players
4. Global Optoelectronics Market, by Product Type, 2017-2027 (US$ Bn)
4.1. Overview
4.2. Laser Diode
4.3. Optocouplers/ Optical Fibers
4.4. Photodetectors
4.4.1. Photodiodes
4.4.2. Phototransistor
4.5. Image Sensors
4.6. LED
4.7. Others (electro-optic modulators, etc.)
5. Global Optoelectronics Market, by End-use Industry, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Aerospace & Defense
5.3. Consumer Electronics
5.4. Information Technology
5.5. Residential & Commercial
5.6. Automotive
5.7. Healthcare
5.8. Industrial
5.9. Others
6. North America Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America Optoelectronics Market Value, 2017-2027, (US$ Bn)
6.2. North America Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
6.2.1. Laser Diode
6.2.2. Optocouplers/ Optical Fibers
6.2.3. Photodetectors
6.2.4. Image Sensors
6.2.5. LED
6.2.6. Others (electro-optic modulators, etc.)
6.3. North America Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
6.3.1. Aerospace & Defense
6.3.2. Consumer Electronics
6.3.3. Information Technology
6.3.4. Residential & Commercial
6.3.5. Automotive
6.3.6. Healthcare
6.3.7. Industrial
6.3.8. Others
6.4. North America Optoelectronics Market Value, By Country/ Region, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America
7. Europe Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe Optoelectronics Market Value, 2017-2027, (US$ Bn)
7.2. Europe Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
7.2.1. Laser Diode
7.2.2. Optocouplers/ Optical Fibers
7.2.3. Photodetectors
7.2.4. Image Sensors
7.2.5. LED
7.2.6. Others (electro-optic modulators, etc.)
7.3. Europe Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
7.3.1. Aerospace & Defense
7.3.2. Consumer Electronics
7.3.3. Information Technology
7.3.4. Residential & Commercial
7.3.5. Automotive
7.3.6. Healthcare
7.3.7. Industrial
7.3.8. Others
7.4. Europe Optoelectronics Market Value, By Country/ Region, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe
8. Asia Pacific Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific Optoelectronics Market Value, 2017-2027, (US$ Bn)
8.2. Asia Pacific Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
8.2.1. Laser Diode
8.2.2. Optocouplers/ Optical Fibers
8.2.3. Photodetectors
8.2.4. Image Sensors
8.2.5. LED
8.2.6. Others (electro-optic modulators, etc.)
8.3. Asia Pacific Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
8.3.1. Aerospace & Defense
8.3.2. Consumer Electronics
8.3.3. Information Technology
8.3.4. Residential & Commercial
8.3.5. Automotive
8.3.6. Healthcare
8.3.7. Industrial
8.3.8. Others
8.4. Asia Pacific Optoelectronics Market Value, By Country/ Region, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific
9. Rest of the World Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World Optoelectronics Market Value, 2017-2027, (US$ Bn)
9.2. Rest of the World Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
9.2.1. Laser Diode
9.2.2. Optocouplers/ Optical Fibers
9.2.3. Photodetectors
9.2.4. Image Sensors
9.2.5. LED
9.2.6. Others (electro-optic modulators, etc.)
9.3. Rest of the World Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
9.3.1. Aerospace & Defense
9.3.2. Consumer Electronics
9.3.3. Information Technology
9.3.4. Residential & Commercial
9.3.5. Automotive
9.3.6. Healthcare
9.3.7. Industrial
9.3.8. Others
9.4. Rest of the World Optoelectronics Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America
10. Company Profiles
10.1. Toshiba Corp.
10.2. Sony Corp.
10.3. Samsung Electronics
10.4. Osram Licht AG
10.5. ROHM Co., Ltd.
10.6. Sharp Corp.
10.7. BetaLED
10.8. Avago Technologies
10.9. Panasonic
10.10. Philips
TABLE 1 Market Snapshot: Global Optoelectronics Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 5 Global Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 6 Global Optoelectronics Market, by Geography, 2017–2027 (US$ Bn)
TABLE 7 North America Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 8 North America Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 9 North America Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 10 Europe Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 11 Europe Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 12 Europe Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 16 Rest of the World Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 17 Rest of the World Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 18 Rest of the World Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 19 Toshiba Corp.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Sony Corp. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Samsung Electronics: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Osram Licht AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 ROHM Co., Ltd. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Sharp Corp. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 BetaLED: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Avago Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Panasonic: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Philips: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
FIG. 1 Global Optoelectronics Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Optoelectronics Market Segmentation
FIG. 4 Global Optoelectronics Market, by Product Type, 2018 (US$ Bn)
FIG. 5 Global Optoelectronics Market, by End-use Industry, 2018 (US$ Bn)
FIG. 6 Global Optoelectronics Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key Optoelectronics Market Players, 2018
FIG. 9 Global Optoelectronics Market Value Share, by Product Type, 2018 & 2027 (Value %)
FIG. 10 Global Optoelectronics Market for Laser Diode, 2017–2027 (US$ Bn)
FIG. 11 Global Optoelectronics Market for Optocouplers/ Optical Fibers, 2017–2027 (US$ Bn)
FIG. 12 Global Optoelectronics Market for Photodetectors, 2017–2027 (US$ Bn)
FIG. 13 Global Optoelectronics Market for Image Sensors, 2017–2027 (US$ Bn)
FIG. 14 Global Optoelectronics Market for LED, 2017–2027 (US$ Bn)
FIG. 15 Global Optoelectronics Market for Others, 2017–2027 (US$ Bn)
FIG. 16 Global Optoelectronics Market Value Share, by End-use Industry, 2018 & 2027 (Value %)
FIG. 17 Global Optoelectronics Market for Aerospace & Defense, 2017–2027 (US$ Bn)
FIG. 18 Global Optoelectronics Market for Consumer Electronics, 2017–2027 (US$ Bn)
FIG. 19 Global Optoelectronics Market for Information Technology, 2017–2027 (US$ Bn)
FIG. 20 Global Optoelectronics Market for Residential & Commercial, 2017–2027 (US$ Bn)
FIG. 21 Global Optoelectronics Market for Automotive, 2017–2027 (US$ Bn)
FIG. 22 Global Optoelectronics Market for Healthcare, 2017–2027 (US$ Bn)
FIG. 23 Global Optoelectronics Market for Industrial, 2017–2027 (US$ Bn)
FIG. 24 Global Optoelectronics Market for Others, 2017–2027 (US$ Bn)
FIG. 25 North America Optoelectronics Market, 2017–2027 (US$ Bn)
FIG. 26 Europe Optoelectronics Market, 2017–2027 (US$ Bn)
FIG. 27 Asia Pacific Optoelectronics Market, 2017–2027 (US$ Bn)
FIG. 28 RoW Optoelectronics Market, 2017–2027 (US$ Bn)
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