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Opto Semiconductors Market Size, Share, Analysis, Growth, Trends And Industry Forecast 2023-2032 | Jenoptik AG, Epistar Corp, Vishay Intertechnology Inc., Osram Opto Semiconductors GmbH, Renesas Electronics Corporation
Opto Semiconductors Market Report
The Business Research Company's Opto Semiconductors Global Market Report 2023 identifies the growing demand for fiber-optic communication as the major driver for the opto semiconductors market's growth in the forecast period. Fiber-optic communication is a method of sending data from one location to another using light rather than electricity. Light modulators are used in fiber optic communication to transport data to their destination. The use of optoelectronic semiconductors is expanding as a result of fiber-optic communication. Semiconductor fiber optic technology enables data to be transported across great distances without the need for intermediate processing stages, resulting in speedier data communication.
The global opto semiconductors market size is expected to grow from $47.21 billion in 2022 to $53.27 billion in 2023 at a compound annual growth rate (CAGR) of 12.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global opto semiconductors market size is expected to reach $84.7 billion in 2027 at a CAGR of 12.8%.
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Major competitors in the opto semiconductors market are Jenoptik AG, Epistar Corp, Vishay Intertechnology Inc., Osram Opto Semiconductors GmbH, Renesas Electronics Corporation.
A key trend in the opto semiconductors market includes technological advancement. Major companies operating in the optoelectronic semiconductor market are adopting new technologies to sustain their position in the market. For instance, in April 2023, Ams Osram, a Germany-based producer of optical solutions, launched the TOPLED D5140, SFH 2202, a new photodiode for wearable health trackers and medical diagnostics devices. It performs better than current conventional photodiodes, including increased sensitivity to green visible light and linearity. In the infrared (IR) spectrum, the TOPLED D5140 and SFH 2202 outperform conventional photodiodes by 30. The photoplethysmography (PPG) technique, which records the peaks and troughs of light absorption by blood vessels, also demonstrates increased sensitivity in the laboratory at the green wavelength employed for heart rate assessment. The TOPLED D5140, SFH 2202, enclosed in a specially designed container with black sidewalls, considerably lowers optical measuring errors and increases the stability of heart rate readings by minimizing internal crosstalk.
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The opto semiconductors market is segmented -
•By Type: Optocouplers, LED, Image Sensor, Infrared Component, Laser Diode
•By Material: Silicon, Gallium Arsenide, Gallium Phosphide, Indium Gallium Arsenide
•By Application: Residential, Commercial, Automotive, Consumer Electronics, Telecommunication, Healthcare, Energy and Power
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the opto semiconductors market.
The Business Research Company's "Global Opto Semiconductors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Opto Semiconductors Market Include:
1. Executive Summary
2. Opto Semiconductors Market Characteristics
3. Opto Semiconductors Market Trends And Strategies
4. Opto Semiconductors Market - Macro Economic Scenario
5. Opto Semiconductors Market Size And Growth
……
26. Africa Opto Semiconductors Market
27. Opto Semiconductors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Opto Semiconductors Market
29. Opto Semiconductors Market Future Outlook and Potential Analysis
30. Appendix
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