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INDUSTRIES
&
MARKETSOptoelectronics:
market
data&
analysisMarket
Insights
reportSeptember2023Table
of
ContentsOverviewAppendixSummary567ProductOverviewAuthor1415MarketDefinitionKeyTakeawaysMarket
NumbersMarketsize9RegionalComparison102MARKET
INSIGHTSThis
report
is
part
ofour
Market
Insights
productGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,
regional,country,
and/orstatelevel.
Accessourdatavia
webinterface,download(XLS,
PDF,PPT),or
reports.Benefitfromour48-hourcustomerservice
guarantee.•
10
sectors:
advertising&media,consumers,countries,digital
sector,finance,health,
industrialsector,mobility,andtechnology•
1,000+
markets,
e.g.,
FinTech,Food,or
Robotics•
KPIs,
e.g.,
revenue,marketshares,prices,andvolume•
Features:Compare
countries®ions,
change
currencies,
selectvisualizations,
and/or
customize
downloads•
Usecases:
sales
planning,
investment
decision
support,resourceallocation,andportfolio
management10sectors190+geographicalentities1,000+markets400+reportsFind
out
more
on:https://www.Goto
Market
Insightscom/outlook/3CHAPTER
1OverviewThe
optoelectronics
market
will
continue
to
grow
over
the
next
five
years
due
toincreased
demand
for
electronicsOverview:
summarySummaryTheoptoelectronics
market
is
expected
tocontinueto
grow
inthe
next
fiveyears,driven
bytheincreasing
demand
andtechnological
advancements
inconsumerelectronics,
communication
electronics,
and
healthcare
device
electronics.
Theincreasing
demandfor
technologically
advanced
and
efficient
optoelectronics
inautomotive
electronics
applicationswould
furtheraddto
thisgrowth.Themarket
isexpected
togrow
with
aCAGRofmore
than
3%inthenextfiveyears,
slowly
recovering
fromtheissuesinthefabricationof
devices
inthismarket
duetoCOVID-19
andthetradewar
between
theU.S.andChina.TheAsianregion,
especially
China,
isexpected
to
remain
thelargest
market.5Sources:MarketInsights
2023Optoelectronics
is
an
important
part
of
the
Semiconductors
marketOverview:
market
definitionDefinition:TheOptoelectronics
market
includessemiconductor
devices
thatareused
forlightsensing
and
emitting
functionalities.
Thisincludesdevices
suchasdisplays,light-emitting
diodes
(LED),optical
switches,
etc.AdditionalInformation:TheOptoelectronics
market
comprises
revenue
andrevenue
changeas
the
keyperformance
indicators.
Onlytherevenues
thatare
generated
byprimaryvendors
atthemanufacturer
pricelevel
either
directly
or
throughdistributionchannels
(excludingvalue-added
tax)are
includedand
therevenues
generated
byresellers
areexcluded.
Revenues
are
generated
through
bothonlineandofflinesales
channelsandincludespending
byconsumers
(B2C),enterprises
(B2B),
andgovernments
(B2G).Key
players
inthis
market
includeOsram,Sony
Corporation,
ONSemiconductor,SharpCorporation,
etc.,6Sources:MarketInsights
2023Optoelectronics
accounted
for
7.65%
of
the
Semiconductors
market
revenue
in2022Overview:
key
takeaways
and
inscope
/outof
scopeKeyTakeawaysInscopeOutof
scopeRevenue
intheOptoelectronics
market
is
projected
to
reach
US$49bn
in2023.Thissegment
includes:Thissegment
excludes:Revenue
is
expected
toshow
anannualgrowth
rate(CAGR2023-2027)
of
2.08%,resulting
inamarket
volume
of
US$53bn
by2027.•Displays•Liquidcrystal
displays•Incandescent
lampsInglobalcomparison,
most
revenue
will
begenerated
inChina(US$16,760m
in2023).•Lasersensors
andtransmitters•Opticalcouplers
&isolators•Opticalswitches•Imagesensors•Infrared
emitters
and
detectors7Sources:MarketInsights
2023CHAPTER
2Market
NumbersOptoelectronics
revenues
are
estimated
to
increase
at
a
CAGR(1)
of
2.5%
from2016
to
2027Market
Size:
globalRevenue
forecast
inbillionUS$+2.5%(1)53.451.650.049.248.846.946.746.244.441.940.640.12016201720182019202020212022202320242025202620279Notes:(1)
CAGR:
Compound
Annual
GrowthRateSources:MarketInsights
2023With
revenue
of
US$
32.0
billion,
Asia
is
the
biggest
market
among
selectedregions
in
2022Market
Size:
regional
comparison
(1/2)Revenue
forecast
inbillionUS$+3.3%(1)37.732.0+1.4%(1)+1.5%(1)10.29.6+2.1%(1)0.0%(1)4.24.50.91.00.10.12022202720222027202220272022202720222027EuropeAfricaAmericasAsiaAustralia10
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarketInsights
2023With
revenue
of
US$
15.9
billion,
China
is
the
biggest
market
among
selectedcountries
in
2022Market
Size:
regional
comparison
(2/2)Revenue
forecast
inbillionUS$+2.9%(1)18.315.9+0.8%(1)+2.4%(1)6.7+5.2%(1)6.56.0+1.9%(1)5.33.42.62.42.22022202720222027202220272022202720222027ChinaUnited
StatesJapanIndiaSouthKorea11
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarketInsights
2023Optoelectronics
volume
is
estimated
to
increase
from2016
to
2027Market
Size:
globalVolume
forecast
inbillion300270.7260.9251.1241.325020015010050231.4221.6210.4203.7199.7186.1173.2150.1020162017201820192020202120222023202420252026202712
Notes:Sources:(1)
CAGR:
Compound
Annual
GrowthRateMarketInsights
2023CHAPTER
3AppendixMARKET
INSIGHTSMarket
Insights
–
market
data,forecasts,
and
qualitative
insightsGainabetterunderstandingofmarketsacross190+
geographicalentities
–
onaglobal,
regional,country,
and/orstatelevel.
Accessourdatavia
webinterface,download(XLS,
PDF,PPT),or
reports.Benefitfromour48-hourcustomerservice
guarantee.•
10
sectors:
advertising&media,consumers,countries,digital
sector,finance,health,
industrialsector,mobility,andtechnology•
1,000+
markets,
e.g.,
FinTech,Food,or
Robotics•
KPIs,
e.g.,
revenue,marketshares,prices,andvolume•
Features:Compare
countries®ions,
change
currencies,
selectvisualizations,
and/or
customize
downloads•
Usecases:
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