Overview and Scope
Opto-semiconductors refer to electronic devices that work or function through
light absorption and emission. They have a light-sensitive surface that can
both emit and absorb light. The device creates charge when light strikes its
p-n junction, which is an important component of these devices. They are most
commonly seen in automobile lights, room illumination, and pulsed laser power.
Sizing and Forecast
The opto semiconductors market size has grown rapidly in recent years. It will
grow from $53.27 billion in 2023 to $59.99 billion in 2024 at a compound annual
growth rate (CAGR) of 12.6%. The growth in the historic period can be
attributed to infrared technology development, early led innovations,
semiconductor laser origins, optical communication beginnings, photodetector
improvements.
The opto semiconductors market size is expected to see rapid growth in the next
few years. It will grow to $94.81 billion in 2028 at a compound annual growth
rate (CAGR) of 12.1%. The growth in the
forecast period can be attributed to environmental sensing and monitoring,
aerospace and defense applications, smart lighting and displays, augmented and
virtual reality adoption, renewable energy expansion. Major trends in the
forecast period include rise in optical sensing solutions, advances in display
technologies, hyperspectral imaging development, biomedical optics and imaging,
smart cities and iot expansion.
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Segmentation & Regional Insights
The opto semiconductors market covered in this report is segmented –
1) By Type: Optocouplers, LED, Image Sensor, Infrared Component, Laser Diode
2) By Material: Silicon, Gallium Arsenide, Gallium Phosphide, Indium Gallium
Arsenide
3) By Application: Residential, Commercial, Automotive, Consumer Electronics,
Telecommunication, Healthcare, Energy and Power
Asia-Pacific was the largest region in the opto semiconductors market in 2023.
The regions covered in the opto semiconductors market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa
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Major Driver Impacting Market Growth
The growing demand for fiber-optic communication is expected to propel the
growth of the optoelectronic semiconductors market. Fiber-optic communication
is a method of sending data from one location to another using light rather
than electricity. Light modulators are used in fiber optic communication to
transport data to their destination. The use of optoelectronic semiconductors
is expanding as a result of fiber-optic communication. Semiconductor fiber
optic technology enables data to be transported across great distances without
the need for intermediate processing stages, resulting in speedier data
communication. For instance, in April 2022, according to BT-PON, a China-based
fiber optical equipment and FTTX solutions company, the fiber optic cable
manufacturer's revenue in the first half of 2021 totaled $40.118 billion, up
from $34.716 billion in 2020. Therefore, the growing demand for fiber-optic
communication is driving the growth of the optoelectronic semiconductor market.
Key Industry Players
Major companies operating in the opto semiconductors market report are Jenoptik
AG, Epistar Corp., Vishay Intertechnology Inc., Osram Opto Semiconductors GmbH,
Renesas Electronics Corporation, Nichia Corporation, Toshiba Electronic Devices
& Storage Corporation, Mitsubishi Electric Corporation, Rohm Co. Ltd.,
Broadcom Inc., LITE-ON Technology Corporation, TT Electronics PLC, Littelfuse
Inc., Ushio America Inc., Sharp Corporation, Lumileds Holding B.V., General
Electric Company, Panasonic Corporation, Omnivision Technologies Inc., Sony
Corporation, Koninklijke Philips N.V., Texas Instruments Inc., Stanley Electric
Co., Everlight Electronics Co.Ltd., Cree Inc., Finisar Corporation, Lumentum
Holdings Inc., Applied Optoelectronics Inc., II-VI Incorporated, NeoPhotonics
Corporation, Accelink Technologies Co.Ltd., Kingbright Electronic Co. Ltd.,
Inphi Corporation, Oclaro Inc., Emcore Corporation
The opto semiconductors market report
table of contents includes:
1. Executive Summary
2. Opto Semiconductors
Market Characteristics
3. Opto Semiconductors
Market Trends And Strategies
4. Opto Semiconductors
Market - Macro Economic Scenario
5. Global Opto
Semiconductors Market Size and Growth
.
31. Global Opto
Semiconductors Market Competitive Benchmarking
32. Global Opto
Semiconductors Market Competitive Dashboard
33. Key Mergers And
Acquisitions In The Opto Semiconductors Market
34. Opto Semiconductors
Market Future Outlook and Potential Analysis
35. Appendix
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