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Global Optoelectronics Market 2017-2021: Market to Grow at a CAGR of 16.84% - Research and MarketsDUBLIN, Jan 17, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Optoelectronics Market 2017-2021" report to their offering. The global optoelectronics market to grow at a CAGR of 16.84% during the period 2017-2021. According to the report, one of the major drivers for this market is growing adoption of LED for lighting due to government subsidies and projects undertaken. The governments of many countries are promoting the use of LED lamps by providing subsidies to the manufacturers as well as starting projects such as street lighting, which are promoting the use of LED lights. The latest trend gaining momentum in the market is upcoming technological trends in LED. The demand for LEDs is set to rise amd the trend of green lighting, which promotes energy-efficient lighting solutions. Smart lighting and Light Fidelity (Li-Fi) technology are two important upcoming technologies in the LED industry. Smart lighting technology helps in energy saving automatically switching on or off when sensing the presence of an individual. Further, the report states that one of the biggest growth opportunities for the communication service providers is the multi-dwelling units (MDU) category in the housing file, though there has been a different mechanism designed for fiber deployment based on the geography and earth stratum. However, one of the biggest challenges in the market is the deployment of fiber optics, especially in the existing apartments and condominiums. Key Vendors:
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