Press release
Optoelectronics Market 2021 Size, Status and Global Outlook - Sony Corporation, Samsung Electronics, Osram Licht AG, Koninklijke Philips N.V.
The Optoelectronics Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The optoelectronics market was valued at USD 5.14 billion in 2020 and is expected to reach USD 9.83 billion by 2026, and grow at a CAGR of 10.25% over the forecast period (2021 - 2026).
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Top Leading Companies of Optoelectronics Market are Sony Corporation, Samsung Electronics, Osram Licht AG, Koninklijke Philips N.V., Vishay Intertechnology, Inc, Omnivision Technologies Inc, Panasonic Corporation, Texas Instruments Inc, Stanley Electric Co, Rohm Co., Ltd (ROHM SEMICONDUCTOR), Mitsubishi Electric and others.
Regional Outlook of Optoelectronics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
Industry News and Developments:
- In November 2018, Solid state PLC acquired optoelectronics and displays specialist Pacer Technologies Ltd. In a move which has allowed the Solid State to access the US markets through an already established Pacer's US subsidiary.
Key Market Trends:
Laser Diodes are Expected to Witness a Significant Growth
- Laser diodes are the most widely used optoelectronic components deployed in laser generation across various applications including fiber optic communications, DVD/Blu-ray players, Bar Code readers, Printing and Communication technologies. While growing demand for Lasers in the industrial sector has also been identified to boost the market growth.
- With Increasing investments in LiDAR and additive manufacturing technologies, the optoelectronics market is expected to grow significantly. For instance, in 2018, the BMW venture capital fund in the LIDAR start-up Blackmore (USA).
- High Power lasers are finding extensive demand in industrial sectors, for a wide range of applications including cutting, welding, and fabrication. Companies are moving towards Laser technologies to take advantage of high performance and reliability, which is driving the demand for high power laser diodes.
- In December 2019, Mitsubishi Electric Corporation launched the ML562G86 pulse laser diode (LD) for projectors, featuring a vibrant 638-nanometer (nm) red light, the output power of 3.0W under pulse operation and mean time to failure1 (MTTF) of over 20,000 hours.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Optoelectronics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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