Opto Semiconductors Market By Type (LED, Image Sensor, Infrared Component, Optocouplers, Laser Diode), By Application (Residential and Commercial, Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global opto semiconductors market was valued at $43.59 billion in 2021 and is projected to reach $130.67 billion by 2031, registering a CAGR of 11.8% from 2022 to 2031. Opto-semiconductors have a light-sensitive surface that absorbs and emits light. LEDs, solar cells, semiconductor lasers, and others are all categorized as optoelectronic devices.
The growth of the global opto semiconductors market is majorly driven by the advancement of the electronic sector and laser-powered 3D display technology paired with growth in demand for smart consumer electronics and next-generation technologies. Further, the increasing use of optoelectronic devices in communications and data storage applications is anticipated to drive the growth of the opto semiconductors market. However, the heating and energy loss in devices act as a prime restraint of the global market. On the contrary, the rising demand for electric vehicles is anticipated to provide lucrative opportunities for the opto semiconductors industry during the forecast period.
The opto semiconductors market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into LED, image sensors, infrared components, optocouplers, and laser diodes. By application, the market is fragmented into residential & commercial and industrial. Region-wise, the opto semiconductors market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The key players that operate in the market include OSRAM, Littelfuse, Inc., ROHM Semiconductor, TT Electronics plc, IPG Photonics Corporation, JENOPTIK, Fairchild Semiconductor International, Avago Corp, Broadcom Inc., Coherent, Inc., Epistar Corporation, Toshiba Corporation, Vishay Intertechnology Inc, Ushio America, Inc., Sharp Corporation, Mitsubishi Electric Corporation, and LITE-ON Technology Corporation.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the opto semiconductors market analysis from 2021 to 2031 to identify the prevailing opto semiconductors market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the opto semiconductors market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global opto semiconductors market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Optocouplers
LED
Image Sensor
Infrared Component
Laser Diode
By Application
Residential and Commercial
Industrial
Industrial
Automotive
Consumer Electronics
Telecommunication
Healthcare
Energy and Power
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Taiwan
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Littelfuse, Inc.
ROHM Semiconductor
TT Electronics plc
IPG Photonics
JENOPTIK
Fairchild Semiconductor International
Broadcom Inc
Epistar Corporation
TOSHIBA Corporation
Vishay Intertechnology, Inc.
Ushio America, Inc.
SHARP CORPORATION
LITE-ON Technology Corporation
OSRAM
Mitsubishi Electric Corporation
Renesas electronics corporation
Coherent, Inc.
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