Optoelectronic Transducers Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


Future Market Insights

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The demand within the global optoelectronic transducers market is rising on account of advancements in the field of optical sensing and fiber optics. The use of optoelectronic transducers for manufacturing a multitude of products pertaining to the photoelectric domain has aided market growth. Furthermore, manufacturing of devices based on optoelectronic phenomenon has gathered swing in recent times. This owes to the conceptualisation of new techniques within optoelectronic transduction. The optoelectronic transducers market is expected to witness an influx of new vendors over the years to follow. 

  • Growing relevance of smart technologies and energy-efficient products such as solar cells has driven demand for optoelectronic transducers. Photodiodes and phototransistors are in great demand across a range of industries, and this trend has pushed market growth. 
  • Bulk manufacturing of electronic devices has also given a thrust to the growth of the global optoelectronic transducers market. The relevance of light-emitting diodes and OLEDs across the energy sector has also generated stellar demand within the market. 
  • Photo-emissive cameras are also manufactured through the use of optoelectronic transducers. Moreover, optical fiber communications have gathered swing in recent times. There is a high possibility of radical changes in the manufacturing of optical products. This projection is based on the emergence of new applications of optoelectronic transducers. 

Vendors in the global optoelectronic transducers market are expected to capitalise on inducting the latest modes of manufacturing. These vendors could be tying up with several end-use industries in order to reap the benefits of collaborative growth and strategic development.

Optoelectronic is a critical foundation technology used to encompass electronic devices for the emission, modulation, transmission of light signals. Optoelectronic transducers detect the light wave and convert the light wave into a form of voltage or current in order to measure the light intensity. Optoelectronic transducers consist of transmitters and receivers for sensing the optical attenuation. Optoelectronic transducers family which includes the sensors.

Transducers which consist of both (sensor/actuator) with signal conditioning, therefore, transducers are superior to sensors. A sensor can only detect the signal whereas a transducer can work both ways sensing, and signal conditioning. Optoelectronic transducers are optical-to-electrical transducers or instruments, electrical-to-optical transducers which converts light source to voltage or current vice versa and it is considered as sub-field of photons. In addition to this, optoelectronics technology is crucial for gathering information, transmitting and, displaying information, it can store the information and can process the information further. Optoelectronics technology is necessary for the competitive alternative in the electronics industry to existing systems. This optoelectronics technology is also used for the next generation systems.

Global Optoelectronic Transducers Market: Segmentation

Global optoelectronic transducer market segmented as follows

By Component optoelectronic transducers market is segmented into

  • LED
  • Laser Diode
  • Image sensor
  • Opto-coupler

By Application optoelectronic transducers market is segmented into

  • Residential
  • Commercial
  • Telecommunication
  • Consumer electronics
  • Healthcare
  • Other Industrial Process
  • Defence

Global Optoelectronic Transducers Market: Drivers

Rising innovations in semiconductors, widened the scope to incorporate photonics and electro-optics, usage of optoelectronic components in end-use applications exclusively in electronics are going to surge the growth of the optoelectronic transducers market. Optoelectronic transducers with the unique features for measuring the light source by detecting and converting to voltage or current and signal conditioning drives the growth of the market. Optoelectronic components are semiconductor devices highly used in all electronic applications such as television, cameras, CD-DVD, laptops, Xerox machines and, smartphones, its components used in various applications LED, Laser diode, and the image sensor which are highly used in drives the growth of the market. Components like LED is used in residential and commercial due to their high efficiency, durability. The laser diode is used in telecommunication and other semiconductor devices. The image sensor is used in machine vision cameras, surveillance cameras, and automotive cameras. This product can further increase applications and help further growth of the market.

Global Optoelectronic Transducer: Trends

The intensifying demand for optoelectronic sensors in developed countries gained attention in the 21st century, and it created a big impact in the area of smart structures, embedded systems. In the last couple of years these optoelectronic sensors gained huge potential and constitutes multimillion market. Wide variety of optical sensors, optical materials, optical transducers and, multifarious applications with crucial technological advancements increased due to investments in strong R&D. Developments are necessary for the expansion of optoelectronics market for optical storage, optical imaging, optical computing, and optical sensing systems. Optoelectronic transducer owing to its characteristics to detect and transmit the light source dynamics with latest advanced transducers gained traction in semiconductors. Monitoring the power light source and transmit the light wave source in loop control mode. Modulated laser diode, LED, a photo diode is measured even the extremely bright surroundings. OLED’s anticipated to grow into huge opportunity.

Global Optoelectronic Transducer: Regional Outlook

The regional coverage of optoelectronic transducer market which includes North America, Latin America, Europe, APAC and, MEA. Optoelectronic transducer market witness a high demand and production in APAC. APAC holds the dominant market share in optoelectronic transducers market. Increased trading of electronic components such as LED, Laser Diode, Opto coupler with cheaper cost and also increasing use of optoelectronics in end-use applications in India, China consumer electronics, residential, commercial, communications etc., are the key reasons for the growth of the market in APAC. North America and Europe holds the prominent market share due to high usage of optoelectronic in telecommunication, smart grids, microprocessor based, and application in the residential and commercial use of LED increasing efficiency reducing load by using the LED lights, implementations of government regulations over the energy sector and highly using laser diodes in telecommunication.  Latin America & MEA holds the significant market share.

Global Optoelectronic Transducers Market: Market Participants

Examples of some of the market participants identified across the value chain include, Avago Technologies, Oplink Communications LLC, Finisar, Sharp Corp., Toshiba Corp., Accelink Technologies, JDSU,Fujitsu,Broadex Technologies, Sony Corp., Oclaro Inc., BetaLED,Philips., NeoPhotonics.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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