The global Optoelectronic components market size is projected to grow from USD 41.4 billion in 2020 to USD 52.7 billion by 2025, recording a CAGR of 4%. The growth of the optoelectronic components industry is mainly driven by the increased use of infrared components in consumer electronics & automobiles, the long life & low power consumption, demand for improved imaging & optical sensing solutions in the healthcare vertical, and the suitable physical properties of optoelectronic sensors to operate in harsh environments.
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Optoelectronic Components Market Segments
By Component:
• Sensor
• LED
• Laser Diode
• Infrared Components
By Application
• Measurement
• Lighting
• Communications
• Security & Surveillance
• Others (geographical survey, scanning, and spectrometry)
By Material:
• Gallium Nitride
• Gallium Arsenide
• Silicon Carbide
• Indium Phosphide
• Silicon Germanium
• Gallium Phosphide
By Vertical:
• Automotive
• Consumer Electronics
• Telecommunication
• Military & Aerospace
• Medical
• Residential
• Commercial
• Manufacturing
• Others (utility, food & beverages, and pulp & paper)
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
