Optoelectronics Market

Global demand for optoelectronic devices is expected to rise due to rising adoption of light technology across various sectors.

The global optoelectronics market was valued at US$ 4.57 billion in 2018 and is expected to reach US$ 11.84 billion by 2027, growing at a CAGR of 11.2% from 2019 to 2027.

Significant disruptions in electronic devices over the recent past, along with the rising trend of renewable energy sources, have triggered the growth of the optoelectronics market. Optoelectronics are electronic devices that use optical interaction to generate an electronic response when optically active semiconductors are present. Its significant advantages over traditional semiconductor devices have accelerated its adoption in a variety of industries, including automotive, medical, and research. Some attractive features are low power consumption, high communication bandwidth, and high-temperature sensitivity.

In addition, stringent regulations for electricity consumption and the increasing contamination of the atmosphere with harmful gases during electricity generation have triggered the application of light energy. As a result, Europe and other regional governments have thrived in their development of the photonic industry. For instance, the European government has designed its strategic roadmap to adopt light technology in various end-use sectors until 2027. As a result, they have projected the light technology market’s growth at 8.4% in the region up to 2022.

Market Synopsis

Laser Diode is expected to grow rapidly during the forecast period.

In 2018, LED held the largest revenue share in the global optoelectronics market. Its significant application in ICs, computers, microelectronics, display electronics, and many other sectors is the prime factor contributing to its significant growth. However, laser diodes are expected to witness frenetic growth during the forecast period owing to the increasing deployment of lasers in the industrial sector. In addition, laser diodes are the optoelectronic component used for laser generation across various verticals. Furthermore, increasing investment in LiDAR technology is anticipated to boost laser diode market growth in the coming years. For example, in August 2019, Valeo, a French auto parts manufacturer, announced a US$555.37 investment in LiDAR sensors.

end-use industry analysis

The Automotive Industry Expects Profitable Growth During the Analysis Period.

Despite sluggish growth in the automotive industry, new technology integration and innovations in the automotive industry have gained remarkable momentum over the past few years. The introduction of autonomous cars and driver assistance systems has made the industry vulnerable to the increased application of sensors. Furthermore, rising concern for safety and security has sparked the deployment of optoelectronic devices in the automotive sector. In addition, players are expanding their reach in the automotive optoelectronics market, seeing the exponential demand from customers. In December 2019, Tesla Inc. opened a new research and development facility in Taiwan. The new research center mainly focuses on the development of mini LED displays for automotive, automotive lighting, and large-size displays.

Regional Analysis

North America acquired a prominent revenue share in the global optoelectronics market in 2018.

Increasing investment in smart infrastructure and automation technology projected North America as the global leader in the optoelectronics market in 2018. North America leads global smart building investment with a 36% share across the world. The region also witnesses an escalating growth in smart energy, smart cities, and other smart solutions. Several smart city projects are running in North American cities, including Detroit, Austin, San Diego, Portland, and many more.

The Asia Pacific region is anticipated to register the fastest growth in the optoelectronics market during the forecast period. The region’s exponential growth is mainly due to the large consumer electronics and automotive markets. In addition, the growth of optoelectronic devices is also foreseen in other sectors, such as smart city projects, new technologies such as the Internet of Things (IoT), big data, augmented and virtual reality, and smart industrial appliances.

Key Players and Competitive Landscape:

The allure of innovation has increased competition among optoelectronics market players.

The global optoelectronics market is a mature market, but it will still usher in innovations and paradigm shifts in the coming years. Moreover, several unexplored areas in optoelectronics provide an alluring opportunity for research and development. Therefore, the market players are grappling in a close fight to strengthen their footprint in the global optoelectronics market.

List of Companies Covered:

• Toshiba Corp.
• Sony Corp.
• Samsung Electronics
• Osram Licht AG
• ROHM Co., Ltd.
• Sharp Corp.
• BetaLED
• Avago Technologies
• Panasonic
• Philips

Key Industry Development:

• On September 4, 2018, San’an Optoelectronics, a China-based optoelectronics manufacturing company, announced the launch of its first micro-LED wafer production line in 2019. The company has developed a 20-micron micro-LED and plans to develop 10-micron LED flip-chips and 4-micron LEDs. These micro LEDs were designed to be used in automotive taillights, wearables, and large-area displays.
• On April 25, 2017, Cree Inc. signed a joint venture agreement with San’an Optoelectronics Co., Ltd. to deliver high-performance LEDs in an attractive arrangement for the expanding markets in North America, Europe, Japan, China, Latin America, and the rest of the world.

Periods of History and Forecast

This research study provides qualitative and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. The CAGR (compound annual growth rate) for each segment and sub-segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

Optoelectronics market research offers market size and forecasts based on market dynamics and predominant trends shaping the industry. In addition, the report provides an all-around view of the global optoelectronics market based on product type, end-use industry, and geography. Key segments covered in the report are as follows:

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Optoelectronics Market
2.2. Global Optoelectronics Market, by Product Type, 2018 (US$ Bn)
2.3. Global Optoelectronics Market, by End-use Industry, 2018 (US$ Bn)
2.4. Global Optoelectronics Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global Optoelectronics Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Optoelectronics Market, by Product Type, 2017-2027 (US$ Bn)
4.1. Overview
4.2. Laser Diode
4.3. Optocouplers/ Optical Fibers
4.4. Photodetectors
4.4.1. Photodiodes
4.4.2. Phototransistor
4.5. Image Sensors
4.6. LED
4.7. Others (electro-optic modulators, etc.)

5. Global Optoelectronics Market, by End-use Industry, 2017-2027 (US$ Bn)
5.1. Overview
5.2. Aerospace & Defense
5.3. Consumer Electronics
5.4. Information Technology
5.5. Residential & Commercial
5.6. Automotive
5.7. Healthcare
5.8. Industrial
5.9. Others

6. North America Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America Optoelectronics Market Value, 2017-2027, (US$ Bn)
6.2. North America Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
6.2.1. Laser Diode
6.2.2. Optocouplers/ Optical Fibers
6.2.3. Photodetectors
6.2.4. Image Sensors
6.2.5. LED
6.2.6. Others (electro-optic modulators, etc.)
6.3. North America Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
6.3.1. Aerospace & Defense
6.3.2. Consumer Electronics
6.3.3. Information Technology
6.3.4. Residential & Commercial
6.3.5. Automotive
6.3.6. Healthcare
6.3.7. Industrial
6.3.8. Others
6.4. North America Optoelectronics Market Value, By Country/ Region, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.3. Rest of North America

7. Europe Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe Optoelectronics Market Value, 2017-2027, (US$ Bn)
7.2. Europe Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
7.2.1. Laser Diode
7.2.2. Optocouplers/ Optical Fibers
7.2.3. Photodetectors
7.2.4. Image Sensors
7.2.5. LED
7.2.6. Others (electro-optic modulators, etc.)
7.3. Europe Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
7.3.1. Aerospace & Defense
7.3.2. Consumer Electronics
7.3.3. Information Technology
7.3.4. Residential & Commercial
7.3.5. Automotive
7.3.6. Healthcare
7.3.7. Industrial
7.3.8. Others
7.4. Europe Optoelectronics Market Value, By Country/ Region, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.3. Germany
7.4.4. France
7.4.5. Rest of Europe

8. Asia Pacific Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific Optoelectronics Market Value, 2017-2027, (US$ Bn)
8.2. Asia Pacific Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
8.2.1. Laser Diode
8.2.2. Optocouplers/ Optical Fibers
8.2.3. Photodetectors
8.2.4. Image Sensors
8.2.5. LED
8.2.6. Others (electro-optic modulators, etc.)
8.3. Asia Pacific Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
8.3.1. Aerospace & Defense
8.3.2. Consumer Electronics
8.3.3. Information Technology
8.3.4. Residential & Commercial
8.3.5. Automotive
8.3.6. Healthcare
8.3.7. Industrial
8.3.8. Others
8.4. Asia Pacific Optoelectronics Market Value, By Country/ Region, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.3. China
8.4.4. India
8.4.5. Rest of Asia Pacific

9. Rest of the World Optoelectronics Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World Optoelectronics Market Value, 2017-2027, (US$ Bn)
9.2. Rest of the World Optoelectronics Market Value, By Product Type, 2017-2027 (US$ Bn)
9.2.1. Laser Diode
9.2.2. Optocouplers/ Optical Fibers
9.2.3. Photodetectors
9.2.4. Image Sensors
9.2.5. LED
9.2.6. Others (electro-optic modulators, etc.)
9.3. Rest of the World Optoelectronics Market Value, By End-use Industry, 2017-2027 (US$ Bn)
9.3.1. Aerospace & Defense
9.3.2. Consumer Electronics
9.3.3. Information Technology
9.3.4. Residential & Commercial
9.3.5. Automotive
9.3.6. Healthcare
9.3.7. Industrial
9.3.8. Others
9.4. Rest of the World Optoelectronics Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.3. Latin America

10. Company Profiles
10.1. Toshiba Corp.
10.2. Sony Corp.
10.3. Samsung Electronics
10.4. Osram Licht AG
10.5. ROHM Co., Ltd.
10.6. Sharp Corp.
10.7. BetaLED
10.8. Avago Technologies
10.9. Panasonic
10.10. Philips

List of Figures

FIG. 1 Global Optoelectronics Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Optoelectronics Market Segmentation
FIG. 4 Global Optoelectronics Market, by Product Type, 2018 (US$ Bn)
FIG. 5 Global Optoelectronics Market, by End-use Industry, 2018 (US$ Bn)
FIG. 6 Global Optoelectronics Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key Optoelectronics Market Players, 2018
FIG. 9 Global Optoelectronics Market Value Share, by Product Type, 2018 & 2027 (Value %)
FIG. 10 Global Optoelectronics Market for Laser Diode, 2017–2027 (US$ Bn)
FIG. 11 Global Optoelectronics Market for Optocouplers/ Optical Fibers, 2017–2027 (US$ Bn)
FIG. 12 Global Optoelectronics Market for Photodetectors, 2017–2027 (US$ Bn)
FIG. 13 Global Optoelectronics Market for Image Sensors, 2017–2027 (US$ Bn)
FIG. 14 Global Optoelectronics Market for LED, 2017–2027 (US$ Bn)
FIG. 15 Global Optoelectronics Market for Others, 2017–2027 (US$ Bn)
FIG. 16 Global Optoelectronics Market Value Share, by End-use Industry, 2018 & 2027 (Value %)
FIG. 17 Global Optoelectronics Market for Aerospace & Defense, 2017–2027 (US$ Bn)
FIG. 18 Global Optoelectronics Market for Consumer Electronics, 2017–2027 (US$ Bn)
FIG. 19 Global Optoelectronics Market for Information Technology, 2017–2027 (US$ Bn)
FIG. 20 Global Optoelectronics Market for Residential & Commercial, 2017–2027 (US$ Bn)
FIG. 21 Global Optoelectronics Market for Automotive, 2017–2027 (US$ Bn)
FIG. 22 Global Optoelectronics Market for Healthcare, 2017–2027 (US$ Bn)
FIG. 23 Global Optoelectronics Market for Industrial, 2017–2027 (US$ Bn)
FIG. 24 Global Optoelectronics Market for Others, 2017–2027 (US$ Bn)
FIG. 25 North America Optoelectronics Market, 2017–2027 (US$ Bn)
FIG. 26 Europe Optoelectronics Market, 2017–2027 (US$ Bn)
FIG. 27 Asia Pacific Optoelectronics Market, 2017–2027 (US$ Bn)
FIG. 28 RoW Optoelectronics Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Optoelectronics Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 5 Global Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 6 Global Optoelectronics Market, by Geography, 2017–2027 (US$ Bn)
TABLE 7 North America Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 8 North America Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 9 North America Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 10 Europe Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 11 Europe Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 12 Europe Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 16 Rest of the World Optoelectronics Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 17 Rest of the World Optoelectronics Market, by End-use Industry, 2017–2027 (US$ Bn)
TABLE 18 Rest of the World Optoelectronics Market, by Country/ Region, 2017–2027 (US$ Bn)
TABLE 19 Toshiba Corp.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 20 Sony Corp. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Samsung Electronics: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Osram Licht AG: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 ROHM Co., Ltd. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 Sharp Corp. : Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 BetaLED: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Avago Technologies: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Panasonic: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 Philips: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)