PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535681
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535681
Optoelectronics Market - By Type (Photo Voltaic (PV) Cells, Optocouplers, Image Sensors, Light Emitting Diodes (LED)), By End Use (Residential & Commercial, Industrial), By Industry & Forecast, 2024 - 2032
Global Optoelectronics Market will show over 7% CAGR from 2024 to 2032, backed by innovations in the automotive industry. Advanced driver-assistance systems (ADAS) and autonomous vehicles utilize optoelectronic components to enhance safety and driving efficiency. These systems rely on sensors, cameras, and lidar, which depend on optoelectronic innovations for accurate data collection and processing. Quoting an instance, in April 2023, Bosch Sensortec unveiled the BMA490L and BMI323 sensors, targeting automotive ADAS applications. The BMA490L accelerometer and BMI323 sensor, integrating accelerometer and gyroscope, enhance environmental perception and driver assistance, crucial for advanced vehicle safety systems.
The increasing adoption of optoelectronics in applications like data transmission, imaging systems, and display technologies, combined with the rising need for high-speed communication and smart technologies, fuels market expansion. Additionally, advancements in optical sensors and the integration of optoelectronic devices in emerging technologies, such as augmented reality and autonomous vehicles, is shaping the industry outlook.
The optoelectronics market is grouped based on type, end-use, and region.
The optocouplers segment will register a notable CAGR through 2032, owing to their critical role in enhancing electronic system reliability and safety. Optocouplers provide essential isolation between different circuit sections, preventing signal interference and protecting sensitive components from high voltages. As electronic devices become more complex and integrated, the need for reliable isolation in communication systems, power supplies, and industrial automation increases, boosting the demand for optocouplers.
The industrial segment will garner a significant market share by 2032, driven by the incorporation of advanced automation and precision in manufacturing processes. Optoelectronic components are essential for enhancing process control, monitoring, and data acquisition systems. Industries are adopting these technologies to improve operational efficiency, reliability, and safety in their production lines. As industries seek to optimize performance and reduce downtime, there is wider integration of optoelectronics to support sophisticated applications such as real-time monitoring, quality control, and predictive maintenance.
Europe optoelectronics market will record a noteworthy CAGR during the forecast period, due to increased investments in advanced manufacturing and technological innovation. The region's focus on digital transformation and automation drives the need for optoelectronic components in various applications, from smart infrastructure to advanced transportation systems. Additionally, the commitment to sustainability and energy efficiency is propelling the technology adoption in environmental monitoring and renewable energy solutions. The growing emphasis on enhancing connectivity and integrating sophisticated technologies stimulates the industry expansion in Europe.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Base estimates & calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Rising demand for consumer electronics
- 3.8.1.2 Expansion of telecommunications infrastructure
- 3.8.1.3 Advancements in automotive technology
- 3.8.1.4 Push for renewable energy
- 3.8.1.5 Emergence of smart technologies
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 High initial investment costs
- 3.8.2.2 Complex manufacturing processes and quality control
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Type, 2021 - 2032 (USD Million)
- 5.1 Key trends
- 5.2 Photovoltaic (PV) cells
- 5.3 Optocouplers
- 5.4 Image sensors
- 5.5 Light-emitting Diodes (LED)
- 5.6 Others
Chapter 6 Market Estimates & Forecast, By End Use, 2021 - 2032 (USD Million)
- 6.1 Key trends
- 6.2 Residential & commercial
- 6.3 Industrial
Chapter 7 Market Estimates & Forecast, By Industry, 2021 - 2032 (USD Million)
- 7.1 Key trends
- 7.2 Automotive
- 7.3 Aerospace & defense
- 7.4 Consumer electronics
- 7.5 Information technology
- 7.6 Healthcare
- 7.7 Others
Chapter 8 Market Estimates & Forecast, By Region, 2021 - 2032 (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Avago Technologies
- 9.2 Broadcom Inc.
- 9.3 Coherent Inc
- 9.4 Cree Inc.
- 9.5 Epistar Corporation
- 9.6 Finisar Corporation
- 9.7 Hamamatsu Photonics
- 9.8 Kyocera Corporation
- 9.9 LG Innotek
- 9.10 Lumileds
- 9.11 Luminit
- 9.12 NeoPhotonics Corporation
- 9.13 Nichia Corporation
- 9.14 ON Semiconductor
- 9.15 Osram Licht AG
- 9.16 Panasonic Corporation
- 9.17 Renesas Electronics
- 9.18 Rohm Semiconductor
- 9.19 Samsung Electronics
- 9.20 Sharp Corporation
- 9.21 Sony Corporation
- 9.22 STMicroelectronics
- 9.23 Texas Instruments
- 9.24 Toshiba Corporation
- 9.25 Vishay Intertechnology
