Optoelectronic components are electronic components that detect & control light, and converts electrical signals into infrared or visible energy or vice versa. It is used in electric eyes, monitor & control circuits, photovoltaic power supplies, and optical fiber communications systems. Injection laser diodes and quantum cascade lasers use optoelectronic components for stimulated emission. Image sensors and LEDs are used for safety purposes, packaging, and digital imaging systems.
Increasing use of infrared components in cameras & automobiles and low power consumption of optoelectronic components are factors propelling the growth of the market. However, high cost of devices and inexpensive substitute technologies are obstructing the growth of the market. Technological advancements in LED communication and increasing R & D activities create huge opportunities in the market.
The world optoelectronic components market is segmented based on component type, application, and geography. The component types included in the report are LED, laser diode, and image sensor. The applications covered in the report are residential and commercial, consumer electronics, industrial, and healthcare. Geographically, the market is divided into North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).
The prominent companies operating in the market are Cree Inc., Sony Corporation, Osram Licht AG, ON Semiconductor, OmniVision Technologies Inc., Vishay Intertechnology Inc., Sharp Corporation, Samsung Electronics Co. Ltd., and Koninklijke Philips N.V. They have adopted strategies, such as expansions, partnerships, collaborations, mergers & acquisitions, joint ventures, agreements, new product launches, and others to strengthen their position in the market.
KEY BENEFITS FOR STAKEHOLDERS:
KEY MARKET SEGMENTS:
KEY MARKET PLAYERS: