Pune, October 16, 2024 (Globe Newswire) — Market size and growth prospects:
According to S&S Insider, “Opto semiconductor market size was valued at USD 56.78 billion in 2023 and will reach USD 154.39 billion by 2032, growing at a CAGR of 11.8% over the forecast period 2024-2032. It is expected that.”
Growing adoption in automotive and consumer electronics applications
The rapid expansion of automotive and consumer electronics industries is the main market driving factor for opto-semiconductors. As automakers move toward electric vehicles (EVs) and advanced driver assistance systems (ADAS), opto-semiconductors are becoming integral to vehicle safety, infotainment, and lighting systems. At the same time, consumer electronics are increasingly adopting optoelectronic components such as LEDs, sensors, and display technologies to improve energy efficiency and performance. This trend is expected to further expand with innovations in smart home, wearables, and IoT connected devices, providing solid growth opportunities for the optical semiconductor market.
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The key market players mentioned in this research report are:
Samsung Electronics Co., Ltd. (LED, optical sensor)Sony Corporation (image sensor, optical device)Osram Licht AG (LED, laser diode)Broadcom Inc. (optical transceiver, infrared emitter)ON Semiconductor Corporation (photodiode, LED Drivers) Vishay Intertechnology, Inc. (Optocouplers, infrared emitters)ROHM Semiconductor (Laser diodes, LEDs)Cree, Inc. (Wolfspeed) (Silicon carbide (SiC) LEDs, power semiconductors)Lumentum Holdings Inc. (Laser diodes, optical communication components ) AMS AG (Ambient light sensors, proximity sensors) Nichia Corporation (High-brightness LEDs, laser diodes) Infineon Technologies AG (Light sensors, LED drivers) Toshiba Corporation (Optoelectronic devices, laser diodes) Renesas Electronics Corporation ( LED drivers, optical sensors) II -VI Incorporated (laser diodes, photonic devices) Lite-On Technology Corporation (LEDs, optocouplers) Panasonic Corporation (LEDs, phototransistors) Acuity Brands, Inc. (LED lighting solutions, intelligent lighting control) ) Sharp Corporation (optical sensors, LED) Fujitsu Limited (optoelectronic components, laser diodes)
Scope of the Optical Semiconductor Market Report:
Report Attribute Details Market Size in 2023 USD 56.78 Billion Market Size by 2032 USD 154.39 Billion CAG of 11.8% from 2024 to 2032 RCAGR Report Scope and Scope Market Size, Segment Analysis, Competitive Environment; Regional Analysis, DROC and SWOT Analysis, Forecast Outlook Key Segments By Type (LED and Li-Fi) Equipment, Image Sensors, Infrared Components, Optocouplers, Laser Diodes, Optical Downconverters, Laser Leveling and Gyroscopes, Others)
• Key drivers by application (Consumer Appliances, Information Processing & Telecommunications, Automotive Applications, Industrial, Medical Applications, Aerospace & Defense, Others) • Changing Impact of UV-C Technology on Health and Safety in Optical Semiconductor Market
• Increasing popularity of outsourcing optoelectronic manufacturing services.
Opto-semiconductor market to grow due to growing demand for UV-C LEDs, contactless technology, and energy-efficient lighting
The opto-semiconductor market is expected to witness strong growth due to increasing demand for UV-C LEDs in medical and public spaces, as well as increased adoption of non-contact technology and LED lighting. Advances in optoelectronic materials and miniaturization will drive market expansion, while energy-efficient solutions such as LED lighting are expected to reduce energy usage by 50-75%, making opto-semiconductors an increasingly sustainable option. and is positioned as an important element for realizing innovation.
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Polymatec’s strategic investment fuels opto-semiconductor market growth amid rising demand for 5G, energy efficiency and advanced solutions
The optical semiconductor market is rapidly expanding across telecommunications, automotive, and medical fields. Polymatec Electronics’ US$16.2 million investment in a new semiconductor manufacturing facility in Bahrain signals increased focus on optical semiconductors such as LEDs and lasers due to 5G/6G advances and sustainability needs . Polymatec’s move to increase chip production highlights the market’s shift toward smaller, more efficient devices and cutting-edge solutions.
Rapid growth of opto-semiconductor market driven by innovations in LED, Li-Fi, and consumer electronics
In 2023, LED and Li-Fi equipment dominated the opto-semiconductor market, capturing a revenue share of 35%. The widespread use of energy-efficient LED technology in lighting, automobiles, and consumer electronics, as well as advances in Li-Fi for high-speed data transmission, are key growth drivers. Companies like Philips Lighting and pureLiFi are driving innovation in smart lighting and secure wireless communications. Increasing research and development efforts in LED and Li-Fi for IoT and augmented reality will further propel the market growth.
In 2023, the consumer electronics segment dominated the opto-semiconductor market with a 40% revenue share due to the rising demand for high-tech gadgets such as smartphones, tablets, and smart home devices. Companies like Samsung and Apple have fueled this growth by enhancing visuals and augmented reality through innovations such as Samsung’s Galaxy S23 OLED screen and Apple’s iPhone 15 LiDAR technology. The rise of smart home devices such as Amazon Echo and Google Nest equipped with optoelectronic sensors is further driving market expansion and driving continued innovation in this space.
Regional dynamics of the optical semiconductor market: Asia-Pacific dominance and North America’s rapid growth
In 2023, Asia Pacific led the opto-semiconductor market with a revenue share of 35%, driven by a strong electronics manufacturing base and increasing demand for consumer electronics. Companies such as Sony and Panasonic are at the forefront of innovation, with Sony introducing advanced optoelectronic image sensors and Panasonic introducing next-generation OLED displays. Growth in the region is further fueled by the increasing adoption of smart devices and IoT in countries such as China, Japan, and South Korea, as well as massive 5G infrastructure investments by companies such as Huawei and ZTE, giving them market dominance. It is firmly established.
In 2023, North America emerged as the fastest growing region for the opto-semiconductor market, driven by technological innovation and strong demand for advanced solutions. Companies such as Intel and Broadcom are leading this growth, with Intel introducing photonic integrated circuits for data centers and Broadcom launching optical transceivers for 5G. Furthermore, in the automotive sector, demand for optoelectronic components in advanced driver assistance systems is increasing.
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recent developments
(August 12, 2024): Indian opto-semiconductor manufacturer Polymatec has acquired a US-based semiconductor equipment provider specializing in packaging and testing. The acquisition is aimed at building an integrated chip manufacturing business across various sectors. Additionally, Tata has started construction of its first integrated circuit (IC) back-end facility in Assam, strengthening India’s semiconductor manufacturing capacity. (September 16, 2024): Chennai-based Polymatec plans to expand its fiber optic business by setting up a semiconductor unit in Bahrain. -Presence of semiconductors. The company, which specializes in optical semiconductor chips for LEDs, lasers and photodetectors, is now focusing on power semiconductors and data transmission technologies, including 5G and 6G chips, after acquiring a California company. Recent Developments (August 12, 2024): Intel’s communications division faces significant cost cuts following disappointing financial results. Analysts worry that these cuts could have a major impact, with many carriers questioning Intel’s general purpose processing (GPP) approach.
Table of contents – main points
1. Introduction
2. Executive summary
3. Research method
4. Analysis of the impact of market dynamics
5. Statistical insights and trend reports
5.1 Key Vendors and Feature Analysis, 2023
5.2 Performance Benchmark, 2023
5.3 Integration features by software
5.4 Usage Statistics, 2023
6. Competitive environment
7. Segmentation of the optical semiconductor market by type
8. Optical Semiconductor Market Segmentation by Application
9. Regional analysis
10. Company profile
11. Use cases and best practices
12. Conclusion
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