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Global Optoelectronic Components Market (2020 to 2025) - Key Players Include Hamamatsu, Osram, TT Electronics & Vishay Among OthersDUBLIN, Feb. 14, 2020 /PRNewswire/ -- The "Optoelectronic Components Market by Component (Sensor, LED, Laser Diode, and Infrared Components), Application (Measurement, Lighting, Communications, and Security & Surveillance), Material, Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.  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 5.0%. Emerging opportunities of optoelectronic components, R&D leading to product innovation, and promising industrial IoT applications provide major growth opportunities to market players. The optoelectronic components market is mainly driven by the increased use of infrared components in consumer electronics & automobiles, long life & low power consumption, demand for improved imaging & optical sensing solutions in the healthcare vertical, and suitable physical properties of optoelectronic sensors to operate in harsh environments. The availability of cheaper substitute technologies to LED is expected to restrain the market growth. Major Players Profiled:
Consumer electronics to hold the largest share in the optoelectronic components market by 2025 The consumer electronics segment in the optoelectronic components industry is projected to hold the largest share during the forecast period. The adoption of optoelectronic components in the consumer electronics sectors has increased due to the technical advancements and the increasing use of consumer goods such as high-end sophisticated cameras, photocopy machines, smartphones, blue-ray storage devices, flat & flexible television displays, and more. The sensor component segment is projected to hold the majority of the optoelectronic components market share during the forecast period, owing to the usage of several types of sensors such as optical sensors, image sensors, phototransistors, photodiode, and photo relays for varied applications across several industries. The sensor component segment has been further sub-segmented into phototransistors, photodiodes, photo relays, image sensors, optical sensors, and ultraviolet sensors. The measurement application segment is projected to hold the largest share in the optoelectronic components industry during the forecast period. Measurement systems use optoelectronic sensors to convert light signals to electric currents and are used for several applications such as machine vision, monitoring of processes & operations, control of processes & operations, and experimental engineering analysis, among others. APAC is projected to hold the largest share in the market during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the optoelectronic components industry in APAC. The market in APAC is likely to be driven by the evolving automobile, medical, and industrial manufacturing companies and also the rising demand for optoelectronic components from the overseas markets of North America and Europe. Key Topics Covered: 1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increased use of Infrared Components in Consumer Electronics and Automobiles 5.2.1.2 Long Life and Low Power Consumption 5.2.1.3 Demand for Improved Imaging and Optical Sensing Solutions in Healthcare Vertical 5.2.1.4 Ability to Operate in Extreme Environment 5.2.2 Restraints 5.2.2.1 Availability of Cheaper Substitute Technologies to LED 5.2.3 Opportunities 5.2.3.1 Advancements in Technology Such as Li-Fi 5.2.3.2 Innovation for Improvements in Functional Capabilities 5.2.3.3 Promising Industrial IoT Applications 5.2.4 Challenges 5.2.4.1 High Cost of Raw Materials 5.2.4.2 Regulatory Barriers 5.3 Value Chain Analysis 6 Optoelectronic Components Market, By Component 6.1 Introduction 6.2 Sensors 6.2.1 Phototransistor 6.2.1.1 Low Cost and High Current Amplification Property Boost Demand for Phototransistors 6.2.2 Photodiode 6.2.2.1 Quick Response Time and Ability to Operate in High Temperatures Drive Demand for Photodiodes 6.2.3 Photo Relay 6.2.3.1 Ability to Work as Both, Forward and Reserve-Biased Components Boosts the Demand for Photo Relays 6.2.4 Image Sensor 6.2.4.1 CMOS Image Sensor 6.2.4.1.1 Low Price and Less Expensive Fabrication Drive the Demand for CMOS Image Sensors 6.2.4.2 CCD Image Sensor 6.2.4.2.1 Applications in Medical and Machine Vision Drive the Demand for CCD Image Sensors 6.2.4.3 Hybrid Image Sensor 6.2.4.3.1 Key Performance Parameters of Hybrid Image Sensors Include Sensitivity, Speed, Dynamic Range, High Efficiency & Resolution, and Field of View 6.2.5 Optical Sensor 6.2.5.1 Advantages Such as High Sensitivity, Electrical Passiveness, and Wide Dynamic Range Drive Market Growth for Optical Sensors 6.2.6 UV Sensor 6.2.6.1 UV Sensors Find Wide Application in Automobiles, Pharmaceuticals, and Robotics 6.3 LED 6.3.1 General LED 6.3.1.1 Lower Power Consumption and Longer Life Expectancy Boosting Demand for LEDs 6.3.2 UV LED 6.3.2.1 Applications Such as Sterilization and Counterfeit Detection Boost UV LED Demand 6.3.3 Organic LED 6.3.3.1 Low Power Consumption of Oled Drives the Market for This Segment 6.4 Laser Diode 6.4.1 Lightweight, Energy-Efficient, and Low Intensity Properties Drive Demand for Laser Diode 6.5 Infrared Components 6.5.1 Infrared (IR) Detector 6.5.1.1 Applications Such as Flame & Gas Detection and Night Vision Boost the Demand for IR Detectors 6.5.2 Infrared Emitting Diode (IRED) 6.5.2.1 Applications in Security Cameras and Surveillance Boost Demand for IRED 6.5.3 Irda Transceiver 6.5.3.1 Application in Telecommunication is Boosting the Demand for Irda Transceivers 7 Optoelectronic Components Market, By Material 7.1 Introduction 7.2 Gallium Nitride 7.2.1 Gan Accounted for the Largest Share in the Market 7.3 Gallium Arsenide 7.3.1 Gaas has Application in Diodes, Field Effect Transistors (FETS), and Integrated Circuits (ICS) 7.4 Indium Phosphide 7.4.1 Indium Phosphide Serves as a Substrate for Epitaxial Indium Gallium Arsenide, Which is Used in Optoelectronic Components 7.5 Silicon Germanium 7.5.1 Sige is a Commonly Used Compound Semiconductor Material in Integrated Circuits 7.6 Gallium Phosphide 7.6.1 a Short Life Span at High Current Makes Gallium Phosphide Suitable for Low Current and Low Power Applications 7.7 Silicon Carbide 7.7.1 Silicon Carbide to Have the Highest Growth Rate 8 Optoelectronic Components Market, By Application 8.1 Introduction 8.2 MEAsurement 8.2.1 Measurement Application to Grow at the Highest Growth Rate 8.3 Lighting 8.3.1 LEDs are Widely Used in Several Lighting Applications 8.4 Communications 8.4.1 Optoelectronic Components Such as Infrared Detectors and Laser Diodes are Widely Used for Communication Applications 8.5 Security & Surveillance 8.5.1 Optoelectronic Components are Being Used for Security & Surveillance in CCTV Cameras and for Facial Recognition 8.6 Others 8.6.1 Laser Diodes, Image Sensors, Infrared Transmitters, and Detectors are Used in Scanning and Spectrometry Applications 9 Optoelectronic Components Market, By Vertical 9.1 Introduction 9.2 Consumer Electronics 9.2.1 Consumer Electronic Devices 9.2.1.1 Optoelectronic Components Such as LEDs, Image Sensors, IR Components, Laser Diodes, and Phototransistors are Extensively Used in 9.2.2 Smart Home Devices 9.2.2.1 Optoelectronic Components Such as Sensors, LEDs, and IR Components are Used for Smart Home Devices 9.2.3 Wearable Devices 9.2.3.1 LEDs, Image Sensors, and Optical Sensors are Used By Wearable Devices 9.3 Residential 9.3.1 LED is One of the Prominent Components Used in the Residential Vertical 9.4 Commercial 9.4.1 Laser Didoes, Image Sensors, Phototransistors, Photo Diodes, Photo Relays are Widely Used in the Commercial Vertical 9.5 Industrial 9.5.1 Cameras Supported By Infrared Sensors are Used in Industrial Vertical for Applications Like Machine Vision, Industrial Surveillance, and Robotic Vision 9.6 Automotive 9.6.1 LEDs and Image Sensors Find Application in Autonomous and Semi-Autonomous Vehicles 9.7 Telecommunication 9.7.1 Optoelectronic Components Find Application in Transmitters, Receivers, and Optical Amplifiers 9.8 Military & Aerospace 9.8.1 Military 9.8.1.1 Flexibility, Easy Integration, Ability to Work in Harsh Environments, and Durability Make Optoelectronic Components Suitable in the Military Vertical 9.8.2 Aerospace 9.8.2.1 Optoelectronic Components Find Usage in Aerospace for Distance Measurement Applications 9.9 Medical 9.9.1 Optoelectronic Components Such as LEDs and CCD & CMOS Image Sensors are Used Extensively Across a Wide Range of Medical Devices 9.10 Others 9.10.1 Utility 9.10.1.1 Optical Sensors are Used in Cable Tunnels, Cable Bridges, and Substation & Transformer Cables 9.10.2 Food & Beverages 9.10.2.1 LED Fixtures Find Application in Food & Beverage Companies 9.10.3 Pulp & Paper 9.10.3.1 Optical Sensors Can be Used to Measure Wood-Free Pulp 10 Geographic Analysis 10.1 Introduction 10.2 North America 10.2.1 US 10.2.1.1 US Held Largest Share of Optoelectronic Components Market in North America 10.2.2 Canada 10.2.2.1 Robust Aviation Industry and Presence of Prominent Manufacturing and Automotive Players Likely to Increase Demand for Pressure Sensors in Canada 10.2.3 Mexico 10.2.3.1 Market in Mexico to Grow at the Highest Rate in North America 10.3 Europe 10.4 Asia Pacific 10.5 Rest of the World 11 Competitive Landscape 11.1 Introduction 11.2 Ranking Analysis of Players in Optoelectronic Components Market 11.3 Competitive Leadership Mapping 11.3.1 Visionary Leaders 11.3.2 Dynamic Differentiators 11.3.3 Innovators 11.3.4 Emerging Companies 11.4 Strength of Product Portfolio (25 Companies) 11.5 Business Strategy Excellence (25 Companies) 11.6 Competitive Scenario 11.6.1 Expansions 11.6.2 Product Launches 11.6.3 Mergers & Acquisitions 11.6.4 Partnerships, Collaborations, Joint Ventures, Strategic Alliances, Contracts 12 Company Profiles 12.1 Key Players 12.1.1 Hamamatsu 12.1.2 Osram 12.1.3 TT Electronics 12.1.4 Vishay 12.1.5 ON Semiconductor 12.1.6 Cree 12.1.7 Trumpf 12.1.8 SICK AG 12.1.9 Samsung 12.1.10 Sony 12.1.11 Broadcom 12.2 Right to Win 12.2.1 Hamamatsu 12.2.2 Osram 12.2.3 TT Electronics 12.2.4 Vishay 12.2.5 ON Semiconductor 12.3 Other Key Players 12.3.1 Omnivision 12.3.2 Micropac 12.3.3 Rohm 12.3.4 OSI System 12.3.5 Sharp 12.3.6 Newport 12.3.7 Himax 12.3.8 Renesas 12.3.9 Lite-On 12.3.10 SK Hynix For more information about this report visit https://www.researchandmarkets.com/r/6wdp0z Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. 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