News

16 July 2010

 

Opto market to reach $932bn by 2015

The global optoelectronics market is projected to reach $932bn by 2015, according to ‘Optoelectronics: A Global Strategic Business Report’ from Global Industry Analysts Inc (GIA). The market is being driven by expanding applications in several areas, including consumer products, medical, and automotive, as well as the foray of flat-panel displays into new market segments, the shrinking size of personal computers, and the explosive growth of mobile data.

GIA lists the wide array of applications spanned by optoelectronics as including lasers, light-emitting diodes, light detectors, communication transport systems, laptop computers, compact disk storage drives, digital cameras, optical fibres, cables, and optical disk players. The pivotal role played by optoelectronics in the IT industry can be illustrated by the fact that optoelectronic components such as lasers, optical discs, image sensors and optical fibres constitute a vital part of modern telecommunications, the Internet, and CD/DVD/Blue-Ray drives on computers, without which reading data is virtually impossible, says the firm.

The global optoelectronics market is led by Japan. Of the other leading markets (the USA, Asia-Pacific, and Europe), the Asia-Pacific is the fastest-growing optoelectronics market globally.

Regarding the optical equipment and systems market, optical disk equipment and optical input–output equipment are the two main segments, while medical lasers represent the fastest-growing segment.

Meanwhile, the optical component market is projected to exhibit lucrative growth in future, driven mainly by growth in the display device and optical fiber market segments.

Major players profiled in the report include Abbott Medical Optics Inc, Agilent Technologies Inc, Alcatel-Lucent SA, Avago Technologies Ltd, Ciena Corp, Coherent Inc, Corning Inc, Fairchild Semiconductor International Inc, Huawei Technologies, II-VI Inc, JDS Uniphase Corp, Keyence Corp, Lite-On Technology Corp, NEC Corp, Oclaro Inc, Optokon Co Ltd, OSRAM Opto Semiconductors GmbH, Rohm Company Ltd, Sharp Corp, Tellabs Inc, Texas Instruments Inc, Toshiba America Electronic Components Inc, and Vishay Intertechnology Inc.

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