Global Optoelectronics Market Leveraging Strong Demand from Automotive Industry

Published By: IndustryARC Published On : 16-Apr-2019

Global Optoelectronics Market Outlook

Aesthetic appearance is one of the most important features when lighting is concerned. Lighting in automobiles, consumer electronics, and other end-user products is an essential part of its display technology. According to a recent report published by IndustryARC, the global optoelectronics market size was $3.56 billion as of 2018. Considering the current scenario and future prospects, the global optoelectronics market is evaluated to grow at a compound annual growth rate (CAGR) of 16.59% during the forecast period of 2019 to 2025.


The report is titled โ€œ

Optoelectronics Market: By Components (Phototransistors, Optocouplers and Others), By Devices (Photodiodes, LEDs and Others), By End User Industry (Medical, Telecommunication and Others) and By Geography โ€“ Forecast (2019 - 2025).

โ€ The report provides an in-depth analysis of optoelectronics market divisions such as drivers, applications, restraints, challenges, competition, and geographical distribution. 

 

Global Optoelectronics Market: Leading Segments

The North American region is growing faster than any other region wherever optoelectronics marketplace has some demand. In 2018, North America held 35.19% of the total demand market. According to the IndustryARC analyst, the optoelectronic market is still in nascent age and the comprehensive growth has shown in the market can be justified by the huge capital investment in the research and development to explore new possibilities.

By application, the automotive sector is the most lucrative segment in the optoelectronics market. The automotive application is projected for a healthy CAGR of 14.29% through the forecast period of 2019 to 2025. Increased application of light emitting diodes (LED) and photo voltaic (PV) cells at various exteriors and interior of the vehicle is the prominent reason for the growth of the segment. 


Global Optoelectronics Industry Analysis


Consumer Electronics:

Optoelectronics refers to electronic discipline, which focuses on light-detecting and light-emitting devices. Optoelectronics is an amalgamation of elements such as injection laser diodes, quantum cascade lasers, photoconductive camera tubes, photo-emissive camera tube, and the integrated optical circuit (IOC). Display screens used in numerous consumer electronics are a part of optoelectronics market products. A wide variety of consumer electronics such as mobile, tablets, smartphones, display monitors, are benefiting the global optoelectronics market. According to GSMA[KK1] , the apex of mobile devices surpassed the mark of 9 billion units till the year 2018. The consumer electronics sector is one of the paramount reasons for the growth in the global optoelectronics market.

 

Automobile:

Optoelectronic lighting equipment is extensively used in the automobile industry. Application of LEDs in vehicles optimizes the aesthetics, performance, and visibility for the vehicles. The sales of luxury vehicles also an important factor that induces profits in the optoelectronics markets. Changing lifestyles and increasing disposable income among the developing economies is changing the landscape of the global optoelectronics market. According to the World Economic Forum[KK2] , the global number of cars are expected to reach 2 billion, and the number of trucks will surpass the mark of 900 million by 2040. The rapidly increasing automobile production and demands from both the developed and developing economies is fuelling the global optoelectronics market growth.

 

Global Optoelectronics Market Trends

ยท    The optoelectronics products are now being wielded in the textile and apparels industry. A whole new segment of the latest technically inbound apparel industry is booming in the market. Lighted shoes, T-shirts, and jackets have started to take over sober garments available in the market. The increasing population is resonating the growth in the global textile market, and the same is subjected to benefit the trending techniques in the optoelectronics market.

Light emitting diode (LED) is the typically used technology in the optoelectronics market. However, advancement in the photonics industry introduced the organic light emitting diode (OLED) and active-matrix organic light emitting display (AMOLED). These displays are changing the way the population perceived display screens. These are high-efficient, high-performance and sustainable display techniques initiated. With the growing demands for advanced smartphones, smart-watches and televisions, the optoelectronics market demands will subsequently grow.

 Global Optoelectronics Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the automotive coatings market are Texas Instruments Inc., Broadcom Inc., Vishay Intertechnology, Inc, Hella KGaA Hueck & Co, OSRAM Licht AG, Grupo Antolin, Koito Manufacturing Co., Ltd., Koninklijke, Philips N.V., Stanley Electric Co., Ltd., Magneti Marelli, and S.p.A.

 

Talk to one of our sales representative about the full report by providing your details in the link below:

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What can you expect from the report?

The global optoelectronics market is prepared with the main agenda to cover the following 20 points:

 

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

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About IndustryARC

: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

References:

 [KK1]https://www.gsma.com/

 [KK2]https://www.weforum.org/agenda/2016/04/the-number-of-cars-worldwide-is-set-to-double-by-2040

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