Transparency Market Research Optoelectronic Components Market Single User License: USD 4315.5 Flat 10% Discount!! Free Customization as per your requirement You will get Custom Report at Syndicated Report price Report will be delivered with in 15-20 working days Request Sample Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Request Brochure REPORT DESCRIPTION Optoelectronics is a branch of photonics that deals with the study and application of electronic devices that can be used source and control light, including invisible light such as infrared, UV, and X-rays. Optoelectronic components are transducers that can be used to either convert optical (electromagnetic) input into electricity or vice versa. The market of optoelectronic components was valued at USD 60.05 billion in 2014 and is anticipated to reach USD 137.44 billion by 2023, expanding at a CAGR of 9.7% from 2015 to 2023. Technical Knowledge of Optoelectronic Components- http://bit.ly/1T7khlG Factors such as growing application of optoelectronic components in various industries owing to reliability, efficiency and low power consumption is stimulating the demand for optoelectronic components at the global level. Moreover, rising usage of optoelectronic components in consumer electronics, industrial, medical and automotive applications is one of the important contributing factors for boosting the growth of this market. Increasing application wise penetration of optoelectronic components in defense and security and telecommunication sector is expected to drive the growth of this market during the forecast period, 2015 to 2023. Increasing demand for HV LEDs and general LEDs in industrial applications is one of the major factors contributing in the positive growth of optoelectronic components market globally. OLEDs are primarily used to create digital displays in devices such as computer monitors, television screens, and portable systems such as handheld game consoles and mobile phones. Furthermore, increasing application of optoelectronic components such as various types of sensors including throttle position sensor, speed sensor, transmission fluid temperature sensor and turbine speed sensors in powertrain systems has boosted the growth of the market. With the increasing penetration rate of highcapacity batteries and image sensor systems in automotive as well as process automation industries is stimulating the growth of optoelectronic components market globally. Increasing Investment in R&D Remains Best Competitive Strategy Due to the sophisticated technology used in the relatively nascent field of optoelectronic components, technological upgradation is of crucial importance for players to remain ahead of the competition in the global optoelectronic components market. The rising application of optoelectronic components in weapons and other defense equipment also holds importance in the expected growth trajectory of the global optoelectronics market in the coming years. Optoelectronic components also have crucial applications in telecommunications and industrial setups. This has propelled the optoelectronic components market in developed countries such as the U.S., which emerged as the largest market for optoelectronic components in North America in 2014, Germany, which was the dominant regional segment of the Europe optoelectronic components market the same year, the U.K., and Italy. The prosperous telecommunications networks in these countries are benefitting the North America and Europe optoelectronic components markets massively, with the two expected to be the largest regional segments of the global optoelectronic components market after Asia Pacific in the aforementioned forecast period. Some of the major companies operating in the optoelectronic components market are Nichia Corporation (Japan), Avago Technologies (U.S.),Vishay Intertechnology, Inc.(U.S.), Cree, Inc. (U.S.), EPISTAR Corporation (Taiwan), OSRAM (Germany), Royal Philips Electronics (Netherlands), Renesas Electronics Corporation (Japan), Toshiba Corporation (Japan), ROHM Semiconductor (Japan), Finisar Corporation (U.S.), Sharp Corporation (Japan), NXP Semiconductors N.V. (Netherlands), STMicroelectronics N.V. (Switzerland), Infineon Technologies AG(Germany), Diodes, Incorporated (U.S.), Sony Corporation (Japan), Maxim Integrated Products Inc. (U.S.), Fairchild Semiconductor (U.S.), Samsung Electronics Co., Ltd (South Korea), Panasonic Corporation (Japan), Maxwell Technologies, Inc (U.S.) and Texas Instruments, Inc. (U.S.). Market Trends of Optoelectronic Components- https://is.gd/Zb2txy About TMR Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact TMR Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/
Optoelectronic devices are optical-to-electrical or electrical-to-optical transducers, or instruments that use such devices in their operation. Growing adoption of optoelectronic components due to its reliability and scalability is one of the major factors contributing to the positive growth of the optoelectronic components market at the global level.
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