Global Optoelectronics Market 2023-2027

Global Optoelectronics Market 2023-2027
The optoelectronics market is forecasted to grow by USD 30.64 bn during 2022-2027, accelerating at a CAGR of 9.27% during the forecast period. The report on the optoelectronics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expanding automotive industry, rapid increase in use of high-brightening LEDs in consumer electronics, and efficiency of optoelectronic products.

Technavio's optoelectronics market is segmented as below:

By ComponentLEDImage sensorsLaser diodeOptocouplersOthersBy End-userConsumer electronicsAutomotiveInformation technology and communicationAerospace and defenseOthersBy GeographyAPACNorth AmericaEuropeSouth AmericaMiddle East and AfricaThis study identifies the increasing application of optoelectronic components in medical sector as one of the prime reasons driving the optoelectronics market growth during the next few years. Also, increasing government investments in renewable energy and surge in R and D spending on automation and smart infrastructure will lead to sizable demand in the market.

The report on the optoelectronics market covers the following areas:Optoelectronics market sizingOptoelectronics market forecastOptoelectronics market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading optoelectronics market vendors that include AC Photonics Inc., AFW Technologies Pty Ltd, Agiltron Inc., ams OSRAM AG, Canon Inc., Coherent Inc., Corning Inc., FOCI Fiber Optic Communications Inc., General Electric Co., IPG Photonics Corp., LG Innotek Co. Ltd., Luna Innovations Inc., Nichia Corp., OmniVision Technologies Inc., Samsung Electronics Co. Ltd., Seoul Semiconductor Co. Ltd., Sony Group Corp., TRUMPF SE Co. KG, Vishay Intertechnology Inc., and Lumileds Holding BV. Also, the optoelectronics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.