Market Overview

Global Optoelectronics Market 2018-2023: Lucrative Opportunities in Asia-Pacific -


The "Global
Optoelectronics Market - Segmented by Component Type (Photo Voltaic (PV)
Cells, Optocouplers, Image sensors), Application (Aerospace and Defense,
Automotive, Consumer Electronics), and Region - Growth, Trends, and
Forecast (2018 - 2023)"
report has been added to's

The optoelectronics market is expected to grow at a CAGR of 10.25% over
the forecast period (2018-2023).

Photo Voltaic Cell Demand is Increasing Due to Global Stress for
Renewable Energy

Owing to the increasing focus on environmental protection and green
energy sources, most of the investments in the optoelectronics industry
have been driven towards photovoltaic cells. Governments around the
world have been offering incentives to both companies and users,
encouraging the consumption of solar power, thus supporting the growth
of the technology in the market.

In the Asia-Pacific region, countries such as China and India are
aggressively opting for projects supporting the installment of solar
power. This is indirectly driving the optoelectronics market. The
International Energy Agency (IEA) suggests that rapid deployment of
solar photovoltaics (PV), led by China and India, is helping solar power
become the largest source of low-carbon capacity by 2040, by which time
the share of all renewables in total power generation is expected to
reach 40%.

Asia-Pacific is Emerging as the Market with Potential for High

The increasing spending from the consumers in Asia-Pacific is helping
the optoelectronics-based products demand. The developments in display
technology and increased demand for consumer electronics such as
smartphones, display devices, digital imaging devices, and photovoltaic
cells have helped Asia-Pacific take lead in the growth for
optoelectronics demand.

Notable Developments in the Market

  • Samsung enhances chip-scale LED package lineup with industry's highest
    luminous efficacies.
  • Samsung Electronics launched its flagship line of 2018 QLED TVs and AV
    products at the 2018 First Look New York event at the American Stock
    Exchange building in Manhattan.

Companies Profiled

  • Toshiba Corp.
  • Omnivison Technologies Inc.
  • Osram Licht AG
  • General Electric Company
  • On Semiconductors Corp
  • Cree Inc.
  • Sony Corporation
  • Finisar Corp.
  • Samsung Electronics Ltd.
  • Panasonic Corporation
  • Avago Technologies Ltd.
  • Finisar Corporation
  • Rohm Ltd.
  • Sharp Corp.
  • Philips
  • Mitsubishi Electric Ltd.
  • Suntech Corp.

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