Global Opto Semiconductors Market is valued approximately at USD 48.74 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 11.8% over the forecast period 2023-2030. Opto-semiconductors are electronic components that convert light energy into electrical signals and vice versa. They are mainly used in the fields of communication and consumer electronics. The p-n junctions are a critical component of these devices. Furthermore, Opto semiconductor devices such as LEDs, solar cells, and semiconductor lasers are categorized as optoelectronic devices. The Opto Semiconductors market is expanding because of factors such as growing demand for electronic vehicle applications and rising adoption of LED devices. However, the surge in adoption of smart infrastructure solution-based LED and image sensors solution have led to the growth of the automotive and consumer electronics segments; thereby, enhancing the opto semiconductors market growth. Its importance has progressively increased during the last few decades.
According to the Statista, the size of the worldwide electric vehicle industry is anticipated to more than quadruple between 2021 and 2027, reaching an estimated global market size of 1.4 trillion US dollars by that year. Between 2022 and 2027, this equates into a remarkable compound annual growth rate (CAGR) of more than 19.19 percent. According to the Statista, the global market for LED lighting was estimated to be worth roughly 76 billion dollars in 2020. In the upcoming years, a compound annual growth rate (CAGR) of over 13 percent is predicted for the market. The market is anticipated to grow to a size of over 160 billion dollars in 2026.In addition, the growing demand for smart consumer electronics and next-generation technologies is expected to propel the Opto semiconductors market opportunity during the forecast period. However, the heating and energy loss and high cost of semiconductors in these stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Opto Semiconductors Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia-Pacific region is the dominating region for opto semiconductors owing to the evolving automobile, medical and industrial manufacturing companies. According to the Statista in 2021, in the Asia-Pacific area, the semiconductor sector made about 342.97 billion dollars in sales. Then it was predicted that by 2023, when the semiconductor sector in the Asia-Pacific area was anticipated to generate revenues of roughly 411.97 billion US dollars, this would increase. Asia pacific is fastest growing region also because of factors such as, increasing demand for electronics and growing adoption of automation.
Major market players included in this report are:
- Toshiba Electronic Devices & Storage Corporation (Japan)
- Rohm Co., Ltd. (Japan)
- Vishay Intertechnology, Inc. (United States)
- Renesas Electronics Corporation. (Japan)
- On Semiconductor (United States)
- Broadcom (United States)
- Mitsubishi Electric Corporation (Japan)
- Lite-On Technology, Inc. (Taiwan)
- Tyzack Turner Electronics (United Kingdom)
- Osram Opto Semiconductors Gmbh (Germany)
Recent Developments in the Market:
- In March 2021 - At Sanden Huayu's headquarters in Shanghai, China, ROHM and Sanden Huayu automobile Air-Conditioning Co., Ltd., China's largest producer of automobile air conditioners, conducted an opening ceremony to announce a joint technical laboratory.
- In December 2022, Toshiba Electronic Devices & Storage Corporation announced plans to build a new back-end production facility for power semiconductors at its Himeji Operations - Semiconductor site in Hyogo Prefecture, Japan. Development will begin in June 2024, with manufacturing kicking off in spring 2025.
Global Opto Semiconductors Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
- LED
- Image Sensors
- Infrared Component
- Optocouplers
- Laser Diode
By Application:
- Residential & Commercial
- Industrial
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Opto Semiconductors Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Opto Semiconductors Market, by Type , 2020-2030 (USD Billion)
- 1.2.3. Opto Semiconductors Market, by Application , 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Opto Semiconductors Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Opto Semiconductors Market Dynamics
- 3.1. Opto Semiconductors Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing demand for electronic vehicle applications
- 3.1.1.2. Rising adoption of LED devices
- 3.1.2. Market Challenges
- 3.1.2.1. Heating and energy loss in devices
- 3.1.2.2. High-cost of Opto Semiconductors
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand for smart consumer electronics
- 3.1.3.2. Technological advancements
Chapter 4. Global Opto Semiconductors Market: Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Opto Semiconductors Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Opto Semiconductors Market by Type , Performance - Potential Analysis
- 5.3. Global Opto Semiconductors Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Opto Semiconductors Market, Sub Segment Analysis
- 5.4.1. LED
- 5.4.2. Image Sensors
- 5.4.3. Infrared Component
- 5.4.4. Optocouplers
- 5.4.5. Laser Diode
Chapter 6. Global Opto Semiconductors Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Opto Semiconductors Market by Application , Performance - Potential Analysis
- 6.3. Global Opto Semiconductors Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Opto Semiconductors Market, Sub Segment Analysis
- 6.4.1. Residential & Commercial
- 6.4.2. Industrial
Chapter 7. Global Opto Semiconductors Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Opto Semiconductors Market, Regional Market Snapshot
- 7.4. North America Opto Semiconductors Market
- 7.4.1. U.S. Opto Semiconductors Market
- 7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Opto Semiconductors Market
- 7.5. Europe Opto Semiconductors Market Snapshot
- 7.5.1. U.K. Opto Semiconductors Market
- 7.5.2. Germany Opto Semiconductors Market
- 7.5.3. France Opto Semiconductors Market
- 7.5.4. Spain Opto Semiconductors Market
- 7.5.5. Italy Opto Semiconductors Market
- 7.5.6. Rest of Europe Opto Semiconductors Market
- 7.6. Asia-Pacific Opto Semiconductors Market Snapshot
- 7.6.1. China Opto Semiconductors Market
- 7.6.2. India Opto Semiconductors Market
- 7.6.3. Japan Opto Semiconductors Market
- 7.6.4. Australia Opto Semiconductors Market
- 7.6.5. South Korea Opto Semiconductors Market
- 7.6.6. Rest of Asia Pacific Opto Semiconductors Market
- 7.7. Latin America Opto Semiconductors Market Snapshot
- 7.7.1. Brazil Opto Semiconductors Market
- 7.7.2. Mexico Opto Semiconductors Market
- 7.8. Middle East & Africa Opto Semiconductors Market
- 7.8.1. Saudi Arabia Opto Semiconductors Market
- 7.8.2. South Africa Opto Semiconductors Market
- 7.8.3. Rest of Middle East & Africa Opto Semiconductors Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Toshiba Electronic Devices & Storage Corporation (Japan)
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Rohm Co., Ltd. (Japan)
- 8.3.3. Vishay Intertechnology, Inc. (United States)
- 8.3.4. Renesas Electronics Corporation. (Japan)
- 8.3.5. On Semiconductor (United States)
- 8.3.6. Broadcom (United States)
- 8.3.7. Mitsubishi Electric Corporation (Japan)
- 8.3.8. Lite-On Technology, Inc. (Taiwan)
- 8.3.9. Tyzack Turner Electronics (United Kingdom)
- 8.3.10. Osram Opto Semiconductors Gmbh (Germany)
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption