Optoelectronic Components Market Size, Share, Opportunities, And Trends By Components (LED, Image Sensor, Laser Diode, Infrared Component, Others), By Application (Consumer Electronics, Aerospace, Automotive, Telecommunication, Others), And By Geography - Forecasts From 2025 To 2030

Description

Optoelectronic Components Market Size:

The Optoelectronic Components Market is expected to grow from USD 49.223 billion in 2025 to USD 63.240 billion in 2030, at a CAGR of 5.14%.

Optoelectronic devices and components are electronic devices that operate on both light and electrical currents. These electronic components detect and regulate light, as well as transform electrical signals into infrared or visible energy, or vice versa.

Optoelectronics has become an essential component of many modern technologies. Healthcare and automotive are two prominent industries that have begun to employ optoelectronics in recent years. The use of optical sensors for biosensing applications in the healthcare industry allows monitoring of the heart rate as well as the functioning of other critical organs in the human body. As a result, the adoption of non-intrusive, low-cost sensors across advanced healthcare applications has resulted in a paradigm shift in consumer wellness. The increasing demand for optoelectronic devices in the automotive sector, especially with the growing use of electric cars, self-driving trucks, and autonomous vehicles, is anticipated to push the market further.

Other industries that employ this technology are aerospace and defense, IT and telecommunication, food and beverage, etc., with major applications including measurement, lighting, communications, and security & surveillance. Optoelectronic components have also found their way into consumer electronics due to increased technological advancements and the increasing use of consumer goods such as high-end sophisticated cameras, photocopy machines, smartphones, blue-ray storage devices, flat & flexible television displays, and more.

The key players in the market implement growth strategies such as product launches, mergers, and acquisitions, etc. to gain a competitive advantage over their competitors. For instance, in February 2019, Osram (Germany) acquired Ring Automotive, a British manufacturer and distributor of vehicle lighting and auto-electrical parts. The acquisition enabled OSRAM to strengthen its expertise in automotive lighting and tap into additional sales potential by utilizing the distribution channels of Ring Automotive. Later that year in April, Vishay (US) added two new series of optocouplers, DIP-6 and SMD-6. The off-state voltage of both optocouplers is 800 V.

Also, in August 2018, TT Electronics (UK) expanded its product portfolio by launching OP207CL under its optoelectronics product line. The OP207CL is an infrared LED emitter with a spot diameter of 7mm. The emitter offers up to 10mW radiated power at a maximum drive current of 100mA. In the same year in October, Hamamatsu (Japan) expanded its product portfolio by adding a 4-channel pulsed laser diode to its laser diode product line. The laser diode can operate at temperatures as high as to 105°C.

Geographically, the market is divided into North America, South America, Europe, Asia-Pacific, and the Middle East, and Africa. Asia-Pacific is the hub of semiconductor component manufacturing, and the majority of key players operating in the optoelectronic component market such as Samsung Electronics Co., Ltd., Sony Corporation, and Sharp Corporation are based here.

Optoelectronic Components Market Growth Factors:

• Durable and power-saving

Low power consumption, longer life, and ability to operate in extreme environments are the major factors driving the growth of the optoelectronic components market. Optoelectronic components are used in commercial electronic devices as well as in major industries such as healthcare, and automotive industries. There is an increasing demand for such durable and power-saving technologies.

• Technological advancement

Recent advancements in LED technology have resulted in the development of Li-Fi, which can transfer data using visible light. Because of its capacity to transport data by light, this technology is much more energy-efficient than other wireless data transmission systems. As a result, industry participants in the optoelectronic components market will have more opportunities to grow.

Optoelectronic Components Market Restraints

• Availability of substitutes

The availability of user-friendly and cheaper substitute technologies is expected to restrain the positive growth of the optoelectronic components market. The high price of raw materials along with the huge initial investment required for developing energy-efficient LED displays are likely to negatively affect the growth of the optoelectronic components market.

Optoelectronic Components Market Segments:

• By Components
  • LED
  • Photodiodes
  • Phototransistors
  • Optocouplers
  • Solar Cell
  • Image Sensors
  • Laser Diodes
• By Application
  • Consumer Electronics
  • Aerospace and Defense
  • Healthcare
  • Automotive
  • Telecommunication
  • Industrial
  • Others
• By Material
  • Gallium Arsenide
  • Gallium Nitride
  • Silicon Carbide
  • Indium Phosphide
  • Silicon
• By End User
  • Original Equipment
  • Electronics Contract Manufacturers
  • Government and Defense Organizations
  • Research Institutes

Table Of Contents

1. EXECUTIVE SUMMARY

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations

3.7. Strategic Recommendations

4. OPTOELECTRONIC COMPONENTS MARKET BY COMPONENTS

4.1. LED

4.2. Photodiodes

4.3. Phototransistors

4.4. Optocouplers

4.5. Solar Cell

4.6. Image Sensors

4.7. Laser Diodes

5. OPTOELECTRONIC COMPONENTS MARKET BY APPLICATION

5.1. Consumer Electronics

5.2. Aerospace and Defense

5.3. Healthcare

5.4. Automotive

5.5. Telecommunication

5.6. Industrial

5.7. Others

6. OPTOELECTRONIC COMPONENTS MARKET BY MATERIAL

6.1. Gallium Arsenide

6.2. Gallium Nitride

6.3. Silicon Carbide

6.4. Indium Phosphide

6.5. Silicon

7. OPTOELECTRONIC COMPONENTS MARKET BY END USER

7.1. Original Equipment

7.2. Electronics Contract Manufacturers

7.3. Government and Defense Organizations

7.4. Research Institutes

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Competitive Dashboard

9. COMPANY PROFILES

9.1. Sony Corporation

9.2. Samsung Electronics Co., Ltd.

9.3. Sharp Corporation

9.4. Advanced Optoelectronics Technology Inc.

9.5. Cree LED, Inc.

9.6. Osram Opto Semiconductors GmbH

9.7. OmniVision Technologies Inc.

9.8. Vishay Intertechnology Inc.

9.9. Koninklijke Philips N.V.

9.10. Hamamatsu Photonics K.K.

9.11. Broadcom Inc.

9.12. ON Semiconductor Corporation

10. RESEARCH METHODOLOGY

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Sony Corporation

Samsung Electronics Co., Ltd.

Sharp Corporation

Advanced Optoelectronics Technology Inc.

Cree LED, Inc.

Osram Opto Semiconductors GmbH

OmniVision Technologies Inc.

Vishay Intertechnology Inc.

Koninklijke Philips N.V.

Hamamatsu Photonics K.K.

Broadcom Inc.

ON Semiconductor Corporation

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