Optoelectronics Industry with Highest growth in the near future by leading key players
Market Highlights
The demand for lower power consumption and deployment of
optoelectronics in consumer electronics are driving the global Optoelectronics Market.
The emerging technologies in the area of LCD and other consumer electronics are
driving overall demand for optoelectronics market.
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The global
optoelectronics market is segmented into the component, light source, industry,
and region.
Key players
Some of the key players in the global optoelectronics market are
Cree, Inc. (U.S.), Osram Licht AG (Germany), Vishay Intertechnology, Inc.
(U.S.), ON Semiconductor (U.S.), OmniVision Technologies, Inc. (U.S.), Sony
Corporation (Japan), Sharp Corporation (Japan), Samsung Electronics Co., Ltd.
(South Korea), Koninklijke Philips N.V. (the Netherlands), General Electric
Company (U.S.).
Some of the key
innovators in the global optoelectronics market are Toshiba Corporation
(Japan), Rohm Co., Ltd. (Japan), Panasonic Corporation (Japan), Finisar
Corporation (U.S.), Avago Technologies, Ltd. (U.S.), Dialight Corp.(U.K), Merck
KGaA (Germany), OSI Optoelectronics (U.S.), Texas Instruments (U.S.), NXP
Semiconductors (the Netherlands), Analog Devices (U.S.), Taiwan Semiconductors
(Taiwan), Fairchild Semiconductor International, Inc. (U.S.) and many others.
There have been recent
mergers and acquisitions among the key players, where the business entities
expect to strengthen their reach to their customers.
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Regional
Analysis
By geography, the
market is studied in North America, Europe, Asia Pacific and rest of the world.
Among these regions, the market is majorly dominated by Asia Pacific at present
due to a higher concentration of key players in countries like China, Japan,
and South Korea. Due to this, major contribution is made by Japan, particularly
in the development of energy efficient optoelectronic components.
On the other hand,
Europe is expected to show a decent market growth concerning the
optoelectronics market. The demand for optocouplers across various industries
like healthcare and automotive are pushing the demand for global
optoelectronics. However, the North America region is expected to show a
significant growth throughout the forecast period. Rising demand for energy
efficient LEDs and rising usage of LCDs are driving the market in this region.
The demand for consumer electronics across the developed countries like U.S. is
driving the market in this region.
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