The Global Optoelectronics Market is expected to grow from US$42.650 billion in 2025 to US$54.954 billion in 2030, at a CAGR of 5.20%.
Optoelectronics, also known as photoelectric components, are semiconductor devices that can either create or respond to light. The demand for photoelectric components is expected to expand throughout the projected period as the global demand for cameras rises. Furthermore, rising smartphone adoption internationally, as well as ongoing camera advancements in the same, will drive market expansion in the future years.
Additionally, the growing need for optoelectronic devices in the automotive sector, especially with the increased use of electric cars, self-driving trucks, and autonomous vehicles, is projected to push the market further. The optoelectronics market is anticipated to grow rapidly as expenditures in LiDAR and additive manufacturing technologies increase. Therefore, recent advances in the field of optoelectronics, such as plasmonic nanostructures, perovskite circuit boards, luminescent quantum dots, microscopic light bulbs, low-cost 3D imaging, beam 3D display technology, and Laser Li-Fi, are expected to cause a quantum shift in the dynamic scope of application areas of optoelectronic equipment.
Optoelectronics, which is widely utilized in automotive, telecommunications, and industrial applications, provides excellent beam-quality light with minimal power consumption and energy. Optoelectronics is employed in a variety of industrial applications, including proximity sensing, color quality assurance, scanners, and robotics. Many industrial businesses have turned to optoelectronic components for improved performance at a cheap cost and long-term operation. The ease of availability and rapidly increasing demand for these goods are the primary reasons translating into the potential for optoelectronics industry participants.
Furthermore, the ever-increasing expenditure on electricity by consumers in the Asia Pacific is predicted to contribute significantly to the market's high revenue. Japan is the world leader in robot manufacturing and factory automation technologies. Five of the top ten worldwide manufacturers are Japanese, including Softbank Robotics, Mitsubishi Motors Corporation, Yaskawa Electric Corporation, and others. Many enterprises in a variety of sectors are utilizing industrial automation to alter their operations. For example, in a Fanuc factory in Japan, the company has used automated manufacturing to produce industrial robots. This has enabled the corporation to decrease its human personnel to four people every shift. Because optoelectronics is a key component of robotics and industrial automation, it is in great demand in the region. Additionally, Mitsubishi Electric Corporation introduced the ML562G86 pulse laser diode (LD) for projectors in December 2019, with a vivid 638-nanometer (nm) red light, a pulse output power of 3.0W, and a mean time to failure1 (MTTF) of over 20,000 hours.
QTO has agreed to sell for $97.8 million, with 12.5 percent paid in cash and the remainder in Fairchild shares. QTO will be renamed QT Optoelectronics, a Fairchild firm, and will become a completely owned subsidiary of Fairchild. QTO's product lines include optocouplers, LED lights and displays, and infrared components. The lines generate around 750 components and employ about 1500 workers worldwide.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Optoelectronics Market Size in 2025 | US$42.650 billion |
| Optoelectronics Market Size in 2030 | US$54.954 billion |
| Growth Rate | CAGR of 5.20% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Optoelectronics Market | |
| Customization Scope | Free report customization with purchase |
Segmentation