Report Description

The global optoelectronics market is expected to expand in the upcoming years as a result of rising demand for optical solutions in the healthcare and automotive industries, rising demand for smart consumer electronics devices, and rising demand for long-lasting and low-power consuming components. However, high initial manufacturing and fabrication costs are expected to stifle market growth. Because of the proliferation of IIoT platforms, advancements in Li-Fi technology, and innovations in optoelectronic devices, the market is expected to see enormous growth opportunities.

Optoelectronics is the technology for light-emitting as well as light-detecting devices. The technology is widely considered a sub-discipline of photonics, basically applying the physical science of light. Optoelectronics is quickly becoming a fast-emerging technology field that involves using electronic devices to source, detect, and control light. These devices can be a part of numerous applications, including automatic access control systems, military services, medical equipment, and telecommunications. The optoelectronics field is widely broad ranged along with the variations in the devices that includes image pick-up devices, elements and LEDs, optical storage, information displays, remote sensing systems, and optical communication systems. The most common optoelectronic devices that directly converts the photons and electrons are LEDs, solar cells and photodiodes & laser-diodes.

Increased Demand for Miniaturized Electronic Devices is Fueling the Market Growth

The global optoelectronics market is escalating at a very high rate due to the growing demand for miniaturized semiconductor components such as ICs (Integrated Circuits). The consumer electronics industry is focusing on manufacturing miniaturized personal electronics using nanotechnology-based semiconductor chips, which have high efficiency and are less power-consuming. The semiconductor components manufactured from the photolithography equipment include ICs, semiconductor chips, sensors, and LED displays. Therefore, the growing demand for miniaturized electronic devices, is in turn anticipated to grow the adoption of high efficiency optoelectronics products for the forecast period.

Expansion of Semiconductor Industry is Driving the Market Growth

The emergence of advanced consumer products in the consumer electronics industry is expected to drive the global optoelectronics market during the forecast period. The transition of electronic goods from fully automated systems toward the emergence of a smart home that interconnects all the household devices to create a single controlling unit is expected to result in the high adoption of electronics products based on the light applications which, in turn, is expected to drive the growth of the global optoelectronics market.

Growing Strategic Partnerships are Driving the Market Growth

Strategic partnerships are happening in the market, shaping the optoelectronics market for the technologically developed population. Many companies operating in optoelectronics are undergoing partnerships to meet customer demands. For instance, in 2019, LITE-ON technology corporation, an optoelectronics components manufacturing company, signed a strategic partnership agreement with II-VI Incorporated, one of the lead manufacturers of optical materials and semiconductors in America. This partnership is expected to manufacture at high volume and commercialize packaged semiconductor lasers for capturing the mass market of light detection and ranging (LiDAR). Similarly, in 2021, Global Foundries, a semiconductor manufacturing company, improved and continued its strategic partnership with Raytheon, a commercial electronics manufacturing company, to develop a new gallium nitride on silicon.

Increasing Demand for Luxury and Ultra-Luxury Vehicles is Propelling the Market Growth

The increasing demand for luxury and ultra-luxury vehicles is expected to drive the growth of the optoelectronics market. Luxury vehicles refer to vehicles that provide comfort, luxury, and quality. The motivation to improve the safety and lighting of the vehicles and the continuous focus on the R&D activities is expected to lead to the growth of optoelectronics in luxury vehicles. Optoelectronics is used in new cars to automate the vehicle functions such as brake lights and headlights. As a result, increasing sales of luxury and ultra-luxury vehicles increase the demand for the optoelectronics market. According to FADA (Federation of Automobile Dealers Associations), a national body representing automobile dealers in India, in Dec 2021, retail luxury car sales increased by 19.7% due to high inventory and dealership growth with the OEMs. Therefore, the increasing sales of luxury and ultra-luxury vehicles drive the optoelectronics market.


Download Free Sample Report

Market Segmentation

Based on component, the market is fragmented into light-emitting diode (LED), laser diode, sensors, optocouplers, photovoltaic cells, and others. Based on material, the market is further split into gallium nitride, gallium arsenide, gallium phosphide, silicon germanium, silicon carbide and indium phosphide. Based on the end-user, the market is segmented into automotive, aerospace & defense, consumer electronics, information technology, healthcare and others. On the basis of region, the market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

General Electric Company, Panasonic Corporation, Samsung Electronics, Omnivision Technologies Inc., Sony Corporation, Hamamatsu Photonics K.K., Osram Licht AG, ON Semiconductor, Texas Instruments, Micropac Industries, are among the major market players driving the growth of the global optoelectronics market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

Component

Material

End-User

Region

Regional Scope

Asia-Pacific, North America, Europe, Middle East & Africa, and South America

Country Scope

China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, South Africa, Brazil, Argentina, Colombia

Key Companies Profiled

General Electric Company, Panasonic Corporation, Samsung Electronics, Omnivision Technologies Inc., Sony Corporation, Hamamatsu Photonics K.K., Osram Licht AG, ON Semiconductor, Texas Instruments, Micropac Industries

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, the global optoelectronics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Optoelectronics Market, By Component:
    • Light-Emitting Diode (LED)
    • Laser Diode
    • Sensors
    • Optocouplers
    • Photovoltaic Cells
    • Others
  • Optoelectronics Market, By Material:
    • Gallium Nitride
    • Gallium Arsenide
    • Gallium Phosphide
    • Silicon Germanium
    • Silicon Carbide
    • Indium Phosphide
  • Optoelectronics Market, By End User:
    • Automotive
    • Aerospace & Defense
    • Consumer Electronics
    • Information Technology
    • Healthcare
    • Others
  • Optoelectronics Market, By Region:
    • Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Italy
    • Middle East & Africa
      • Israel
      • Turkey
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global optoelectronics market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Optoelectronics Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Key Factors for Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Key Challenges Faced

6.    Global Optoelectronics Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component (Light-Emitting Diode (LED), Laser Diode, Sensors, Optocouplers, Photovoltaic Cells, Others)

6.2.2.    By Material (Gallium Nitride, Gallium Arsenide, Gallium Phosphide, Silicon Germanium, Silicon Carbide, Indium Phosphide)

6.2.3.    By End-User (Automotive, Aerospace & Defense, Consumer Electronics, Information Technology, Healthcare, Others)

6.2.4.    By Region

6.2.5.    By Company

6.3.  Market Map

7.    North America Optoelectronics Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Material

7.2.3.    By End-User

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Optoelectronics Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Material

7.3.1.2.3.           By End-User

7.3.2.    Canada Optoelectronics Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Material

7.3.2.2.3.           By End-User

7.3.3.    Mexico Optoelectronics Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Material

7.3.3.2.3.           By End-User

8.    Asia-Pacific Optoelectronics Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Material

8.2.3.    By End-User

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Optoelectronics Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Material

8.3.1.2.3.           By End-User

8.3.2.    Japan Optoelectronics Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Material

8.3.2.2.3.           By End-User

8.3.3.    South Korea Optoelectronics Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Material

8.3.3.2.3.           By End-User

8.3.4.    India Optoelectronics Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Material

8.3.4.2.3.           By End-User

8.3.5.    Australia Optoelectronics Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Material

8.3.5.2.3.           By End-User

9.    Europe Optoelectronics Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Material

9.2.3.    By End-User

9.2.4.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Optoelectronics Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Material

9.3.1.2.3.           By End-User

9.3.2.    United Kingdom Optoelectronics Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Material

9.3.2.2.3.           By End-User

9.3.3.    France Optoelectronics Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Material

9.3.3.2.3.           By End-User

9.3.4.    Italy Optoelectronics Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Component

9.3.4.2.2.           By Material

9.3.4.2.3.           By End-User

9.3.5.    Spain Optoelectronics Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value 

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Component

9.3.5.2.2.           By Material

9.3.5.2.3.           By End-User

10. South America Optoelectronics Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Material

10.2.3. By End-User

10.2.4. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Optoelectronics Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Material

10.3.1.2.3.         By End-User

10.3.2. Argentina Optoelectronics Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Material

10.3.2.2.3.         By End-User

10.3.3. Colombia Optoelectronics Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Material

10.3.3.2.3.         By End-User

11. Middle East & Africa Optoelectronics Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Component

11.2.2. By Material

11.2.3. By End-User

11.2.4. By Country

11.3.             Middle East & Africa: Country Analysis

11.3.1. Israel Optoelectronics Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Material

11.3.1.2.3.         By End-User

11.3.2. Turkey Optoelectronics Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Material

11.3.2.2.3.         By End-User

11.3.3. UAE Optoelectronics Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Material

11.3.3.2.3.         By End-User

11.3.4. Saudi Arabia Optoelectronics Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value 

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Component

11.3.4.2.2.         By Material

11.3.4.2.3.         By End-User

12. Market Dynamics

12.1.     Drivers

12.1.1. Increased demand for miniaturized electronic device

12.1.2. Expansion of semiconductor industry

12.1.3. Growing strategic partnerships

12.2.     Challenges

12.2.1. High manufacturing costs

12.2.2. Lack of skilled manpower

13. Market Trends & Developments

13.1.        Increasing demand for luxury and ultra-luxury vehicles

13.2.        Growing government initiatives

13.3.        Rising demand for optical solutions in healthcare industry

13.4.        Expanding consumer electronics sector

13.5.        Trend of rising sensor technology in electronics products

14. Porter's Five Force Analysis

15. Mergers& Acquisitions/Recent Developments/New Entrants

16. Company Profiles

16.1.                 General Electric Company

16.1.1.    Business Overview

16.1.2.    Key Revenue

16.1.3.    Recent Developments

16.1.4.    Key Personnel

16.1.5.    Key Product/Service Offered

16.1.6.    Target Market Segments

16.2.                 Panasonic Corporation

16.2.1.    Business Overview

16.2.2.    Key Revenue

16.2.3.    Recent Developments

16.2.4.    Key Personnel

16.2.5.    Key Product/Service Offered

16.2.6.    Target Market Segments

16.3.                 Samsung Electronics

16.3.1.    Business Overview

16.3.2.    Key Revenue

16.3.3.    Recent Developments

16.3.4.    Key Personnel

16.3.5.    Key Product/Service Offered

16.3.6.    Target Market Segments

16.4.                 Omnivision Technologies Inc.

16.4.1.    Business Overview

16.4.2.    Key Revenue

16.4.3.    Recent Developments

16.4.4.    Key Personnel

16.4.5.    Key Product/Service Offered

16.4.6.    Target Market Segments

16.5.                 Sony Corporation

16.5.1.    Business Overview

16.5.2.    Key Revenue

16.5.3.    Recent Developments

16.5.4.    Key Personnel

16.5.5.    Key Product/Service Offered

16.5.6.    Target Market Segments

16.6.                 Hamamatsu Photonics K.K.

16.6.1.    Business Overview

16.6.2.    Key Revenue

16.6.3.    Recent Developments

16.6.4.    Key Personnel

16.6.5.    Key Product/Service Offered

16.6.6.    Target Market Segments

16.7.                 Osram Licht AG

16.7.1.    Business Overview

16.7.2.    Key Revenue

16.7.3.    Recent Developments

16.7.4.    Key Personnel

16.7.5.    Key Product/Service Offered

16.7.6.    Target Market Segments

16.8.                 ON Semiconductor

16.8.1.    Business Overview

16.8.2.    Key Revenue

16.8.3.    Recent Developments

16.8.4.    Key Personnel

16.8.5.    Key Product/Service Offered

16.8.6.    Target Market Segments

16.9.                 Texas Instruments

16.9.1.    Business Overview

16.9.2.    Key Revenue

16.9.3.    Recent Developments

16.9.4.    Key Personnel

16.9.5.    Key Product/Service Offered

16.9.6.    Target Market Segments

16.10.               Micropac Industries

16.10.1. Business Overview

16.10.2. Key Revenue

16.10.3. Recent Developments

16.10.4. Key Personnel

16.10.5. Key Product/Service Offered

16.10.6. Target Market Segments

17. Strategic Recommendations

17.1.     Fastest Growing Market by Component

17.2.     Dominating Market by End-User

17.3.     Dominating Market by Region & Country

17.4.     Growing Technologies for Optoelectronics

18. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

down-arrow

Key players in the Global Optoelectronics Market are General Electric Company, Panasonic Corporation, Samsung Electronics, Omnivision Technologies Inc., Sony Corporation, Hamamatsu Photonics K.K., Osram Licht AG, ON Semiconductor, Texas Instruments, and Micropac Industries, among others.

down-arrow

The main end-use types of optoelectronics are automotive, aerospace & defense, consumer electronics, information technology, healthcare, and others.

down-arrow

The optoelectronics advantages includes a new dimension in designing satellites of future, a high bandwidth for communications, less power consumption, among others.

down-arrow

Increased demand for miniaturized electronic device, expansion of semiconductor industry, and growing strategic partnerships are the main factors expected to drive the growth of the Global Optoelectronics Market during the forecast period.

profile

Sakshi Bajaal

Business Consultant
Press Release

Optoelectronics Market to be Dominated by Blockchain Technology Through 2028

Feb, 2023

Growing adoption of optical-based electronics devices in healthcare and automotive industries are driving the implementation of the Optoelectronics market across the globe.