According to a market report by Lucintel, the future of the global optoelectronic component market looks promising with opportunities in the automotive, consumer electronics, telecommunication, military & aerospace, medical, residential, commercial, and manufacturing sectors. The global optoelectronic component market is expected to reach an estimated $56.0 billion by 2030 from $42.3 billion in 2024, at a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are growing use of infrared components in automobiles and consumer electronics and continuous technological advancements in LED communication.
A more than 150-page report to understand trends, opportunity and forecast in optoelectronic component market to 2030 by type (sensor, LED, laser diode, and infrared components), material (gallium nitride, gallium arsenide, silicon carbide, indium phosphide, silicon germanium, and gallium phosphide), application (measurement, lighting, communications, security & surveillance, and others), end use industry (automotive, consumer electronics, telecommunication, military & aerospace, medical, residential, commercial, manufacturing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the application category, measurement will remain the largest segment over the forecast period due to its wide variety of applications, such as machine vision, process and operation monitoring, control, and experimental engineering analysis.
Within the end use industry category, consumer electronics will remain the largest segment due to rising usage of optoelectronic components in various consumer products, such as cellphones, photocopiers, flat & flexible televisions, and high-end sophisticated cameras.
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In terms of regions, APAC will remain the largest region over the forecast period due to significant demand for optoelectronic component in various end use industries, such as automotive, medical, and industrial manufacturing sector of the region.
Trumpf, Osram, Samsung, Sony, Vishay, TT Electronics, ON Semiconductor, Hamamatsu, Broadcom, Cree are the major suppliers in the optoelectronic component market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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