Optoelectronic components have the capability to source, identify,
detect, and control light. The interaction of these components with
light makes them ideal to be used in a wide range of applications.
These components are primarily used in automatic control systems,
aerospace and defense, telecommunications, and healthcare among
others.
Worldwide Description of Optoelectronic Components Market -
Optoelectronic devices are optical-to-electrical or
electrical-to-optical transducers, or instruments that use such
devices in their operation. The application of optoelectronic
components such as image sensors in consumer electronics is having a
positive impact on the growth of the market globally. The growing
demand for optoelectronic components based webcams in tablets and
laptops and dual camera mobile phones among youngsters is fueling the
application wise penetration of the market. Furthermore, increasing
demand of high-capacity batteries and image sensor systems in
automotive industry, coupled with the exploration of power efficient
LEDs is stimulating the optoelectronic components market globally.
Rising technological advancement and preference for upgraded
electrical components is also driving the growth of the market for
optoelectronic components.
Product innovation by leading players and increasing application of
optoelectronic components such as image sensors, laser diodes, and
LEDs in the industrial set ups, medical sector, defense and security,
automotive sector and in consumer electronics are fueling the growth
of the market for optoelectronic components globally. Growing
adoption of optoelectronic components due to its reliability and
scalability is one of the major factors contributing to the positive
growth of the optoelectronic components market at the global level.
By components, the market can be segmented into LED Driver and IC
(General LED, HV LED), OLED, Image Sensor (CMOS Image Sensor, CCD
Image Sensor, Others), Infrared Component (Infrared Emitting Diode,
Irda Transceiver, Infrared Detector), Optocouplers (High Speed
Optocoupler, 4 Pin Optocoupler, IGBT Gate Driver, 6 Pin Optocoupler,
Isolation Amplifier, Others), Laser Diode (Near Infrared, Red Laser
Diode, Blue Laser Diode, Green Laser Diode) and others. As of 2014,
LED Driver and IC held largest share in the market. Increasing
application of high end components and tools in different industry
verticals is major driver for growth of optoelectronic components.
Increasing demand for HV LEDs and general LEDs in industrial
applications is one of the major factors contributing in the positive
growth of optoelectronic components market globally. OLEDs are
primarily used to create digital displays in devices such as computer
monitors, television screens, and portable systems such as handheld
game consoles and mobile phones. Furthermore, increasing application
of optoelectronic components such as various types of sensors
including throttle position sensor, speed sensor, transmission fluid
temperature sensor and turbine speed sensors in powertrain systems
has boosted the growth of the market. With the increasing penetration
rate of high-capacity batteries and image sensor systems in
automotive as well as process automation industries is stimulating
the growth of optoelectronic components market globally.
The market for optoelectronic components has been segmented into
broad geographic regions which include North America, Europe, Europe,
Asia Pacific, and Rest of the World (RoW). Asia Pacific led the
market for optoelectronic components in 2014, followed by North
America and Europe and is expected to maintain its position over the
forecast period from 2015 to 2023. China, Japan, U.S., Germany and
Italy are the major contributors of the optoelectronic components
market globally. Increasing awareness about the benefits of
optoelectronic components is one of the major reasons for the growing
prominence of optoelectronic components in the residential,
commercial sector, consumer electronics and healthcare sector
globally.
Some of the major companies operating in the optoelectronic
components market are Nichia Corporation (Japan), Avago Technologies
(U.S.),Vishay Intertechnology, Inc.(U.S.), Cree, Inc. (U.S.), EPISTAR
Corporation (Taiwan), OSRAM (Germany), Royal Philips Electronics
(Netherlands), Renesas Electronics Corporation (Japan), Toshiba
Corporation (Japan), ROHM Semiconductor (Japan), Finisar Corporation
(U.S.), Sharp Corporation (Japan), NXP Semiconductors N.V.
(Netherlands), STMicroelectronics N.V. (Switzerland), Infineon
Technologies AG(Germany), Diodes, Incorporated (U.S.), Sony
Corporation (Japan), Maxim Integrated Products Inc. (U.S.), Fairchild
Semiconductor (U.S.), Samsung Electronics Co., Ltd (South Korea),
Panasonic Corporation (Japan), Maxwell Technologies, Inc (U.S.) and
Texas Instruments, Inc. (U.S.).