Global Optoelectronics Market to 2027 - by Device, Device Material, Application, End-user and Geography - ResearchAndMarkets.com

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DUBLIN, Jun 18, 2021--(BUSINESS WIRE)--The "Optoelectronics Market by Device (LEDs, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application (Measurement, Communication, Lighting), End User (Consumer Electronics, Healthcare), and Geography - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The optoelectronics market is expected to record a CAGR of 9.6% from 2020 to 2027 to reach $ 77.9 billion by 2027.

Companies Mentioned

  • Rohm Co. Ltd (Japan)

  • Renesas (Japan)

  • Vishay Intertechnology Inc. (U.S.)

  • Hamamatsu Photonics K.K. (Japan)

  • Osram Licht AG (Germany)

  • ON Semiconductor (U.S.)

  • Cree Inc. (U.S.)

  • TT Electronics (U.K.)

  • Samsung Electronics Co. Ltd. (South Korea)

  • Sony Corporation (Japan)

  • Panasonic Corporation (Japan)

  • General Electric Company (U.S.)

  • S.A.P Corporation (Japan)

  • Broadcom (U.S.)

  • Texas Instruments (U.S.)

Optoelectronics is a fast-emerging technology dealing with the sourcing, detection, and control of light. The technology has become increasingly important in a wide range of applications across the automotive, telecommunications, and other industry verticals. Optoelectronics is a broad field, and it covers many devices such as LEDs and elements, information displays, optical storages, remote sensing systems, and optical communication systems. Optoelectronics technology offers superior performance with high beam quality and low energy consumption at minimal costs. Moreover, as sensitive optoelectronic components operate in potentially high-temperature environments, active thermoelectric coolers are used for temperature stabilization to ensure maximum performance and longevity of the components.

The COVID-19 pandemic has drastically hit the manufacturing and processing industries worldwide. Governments worldwide imposed lockdowns to minimize the spread of the virus, resulting in the shutting down of manufacturing facilities and disruptions in supply chains owing to trade restrictions. The market witnessed a dip in 2020 due to the factors above. Moreover, as the market slowly and steadily opened up with relaxations in the lockdown, a demand-supply gap was witnessed due to the shutting down of production facilities and halted manufacturing operations. However, the market is expected to gain traction by 2021, with the manufacturing facilities operating at full capacity to cater to the growing demand.

The optoelectronics market has been segmented based on device, device material, application, end user, and geography.

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Executive Summary

4. COVID-19: Impact Assessment

4.1. Scenario A: Severe Impact

4.2. Scenario B: Moderate Impact

4.3. Scenario C: Low Impact

5. Market Insights

5.1. Introduction

5.2. Market Dynamics

5.2.1. Drivers

5.2.1.1. Growing Demand for Smart Consumer Electronic Devices

5.2.1.2. Increasing Need for Long Life and Low Power Components

5.2.1.3. Optoelectronics in Healthcare and Automotive

5.2.2. Restraints

5.2.2.1. High Initial Costs Associated with Manufacturing and Fabrication

5.2.3. Opportunities -

5.2.3.1. Rising IoT Applications

5.2.3.2. Advancements in Li-Fi Technology

5.2.3.3. Innovations in Optoelectronic Devices

5.3. Value Chain Analysis

6. Global Optoelectronics Market, by Device

7. Global Optoelectronics Market, by Device Material

8. Global Food Automation Market, by Application

9. Global Optoelectronics Market, by Industry Vertical

10. Global Optoelectronics Market, by Geography

11. Competitive Landscape

11.1. Introduction

11.2. Key Growth Strategies

11.3. Market Share Analysis (2019)

11.3.1. Sony Corporation

11.3.2. Sharp Corporation

11.3.3. On Semiconductor Corporation

11.3.4. Samsung Electronics Co., Ltd.

11.3.5. Osram Licht Group

12. Company Profiles

13. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ykwhxv

View source version on businesswire.com: https://www.businesswire.com/news/home/20210618005293/en/

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