Optoelectronic Components Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1541 | Report Format : | Status : Upcoming |

Abstract

Global Optoelectronic Components Market: Overview

Optoelectronic component is an electronics device which is designed to detect and control the light signals. It converts the electrical signals into visible energy and vice versa. Optoelectronic components are used in the monitor & control circuits, optical fiber communications systems, electric eyes, and photovoltaic power supplies. Quantum cascade lasers and injection laser diodes utilize optoelectronic components for stimulated emission. LEDs and image sensors are used for packaging, digital imaging systems, and safety purposes.

Global Optoelectronic Components Market: Growth Factors

Increasing use of the infrared components in the automobile and camera increases the demand for the optoelectronic components market. Low power consumption is one of the major driving factors that contribute to the market growth. Increasing investments in R&D and the technological advancements in the LED communication offer new growth opportunities to the market. Consumer electronics is the major consumer of optoelectronic components which are used in the various LED drivers and ICs, image sensors, laser diodes, and others is expected to propel the market. Companies are focusing on adopting strategies, such as new product launches, expansions, joint ventures, partnerships, agreements, collaborations, mergers & acquisitions to strengthen their position in the market. However, the high cost of devices and easy availability of the low-cost substitute technologies are hampering the market optoelectronic components growth.

Global Optoelectronic Components Market: Segmentation

The global optoelectronic components market is categorized based on the application, component types, and geography. The application segment is segregated into healthcare, residential and commercial, industrial, and consumer electronics. The component types segment is fragmented into the image sensor, LED, and the laser diode. The LED segment dominates the global market. Geographically, the global optoelectronic components market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

Global Optoelectronic Components Market: Regional Analysis

The availability of cheap and reliable LED drivers and ICs in the market and its increasing popularity drives the optoelectronic components market in Europe and the North America. The global market expects a higher growth in the near future due to the rise in the lighting and backlighting applications in European regions. High adoption of optoelectronic components in numerous applications in Asia Pacific region positively influences the global market. New emerging application areas in this region such as PV inverters, hybrid & electric vehicles, and smart meters are enhancing the global market. OEM manufacturers are focusing on implementing ambient light in televisions, smartphones, and tablets. Growing usage of optoelectronic components in the automotive sector in the Latin American region increases the demand of optoelectronic components market. There is an increasing demand for optoelectronic components from the aerospace, defense, and healthcare sectors thus have opened up new growth opportunities in the Middle East and Africa.

Global Optoelectronic Components Market: Competitive Players

The major leading players that are operating in the global optoelectronic components market are Koninklijke Philips N.V., Cree Inc., Samsung Electronics Co. Ltd., ON Semiconductor, Sony Corporation, Vishay Intertechnology Inc., Osram Licht AG, Sharp Corporation, and OmniVision Technologies Inc.

Global Optoelectronic Components Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Related Reports

Hazardous Area Sensors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3610 | Report Format:

Global Hazardous Area Sensors Market: Overview The operation of electrical gear in dangerous or hazardous areas has been a significant issue since the beginning of the twentieth century. Due to the need to achieve precision and security in unstable zones and the implementation of governmental ru...Read More

Wireless Charging ICs Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3606 | Report Format:

Global Wireless Charging ICs Market: Overview Wireless charging technology comprises transmission of power to electrical devices, through an air gap for energy transfer. Wireless technology helps in the elimination of using physical cables and connectors. This technology provides reliable and sa...Read More

Commercial Satellite Imaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026

Price : $ 3999.00 | Report Code: ZMR-3579 | Report Format:

Global Commercial Satellite Imaging Market: Overview Satellite imagery is termed as the earth pictures or pictures of other planets taken by imaging satellites carrying their operations under the regulation and auspices of various governments and private businesses across the globe. Satellite im...Read More

Tunnel Automation Market by Component (Hardware, Software, and Services), by Tunnel Type (Railway Tunnel, Roadway Tunnel, and Others (Underwater Tunnel)), and by System (HVAC, Lighting & Power Supply Signalization, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024

Nov-2018 | Price : $ 4899.00 | Pages: 155 | Report Code: ZMR-3577 | Report Format:

The report covers a forecast and an analysis for the tunnel automation market on a global and regional level. The study provides historical data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers, challenges, and restraints for the ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.