The Asia Pacific Optoelectronic Components Market would witness market growth of 5.3% CAGR during the forecast period (2023-2029).
The market expansion is anticipated to be aided by the aerospace and defense sector's expansion. The industry uses optoelectronics to increase production volumes while lowering manufacturing costs. In order to boost their market revenue, optoelectronics manufacturers are extending their photonics manufacturing capabilities. New reflecting optical sensors are also being introduced for use in automobiles and smart homes.
Manufacturing of optoelectronic materials and components, including the production of plasma panels, LEDs, solar cells, liquid crystal displays, and their components. Optoelectronic components are used for stimulating emission in quantum cascade lasers and injection laser diodes. Huge market prospects have been established as a result of the technological development of LED communication and rising R&D activity.
Currently, a variety of products are produced by the optoelectronic component and materials manufacturing sectors. Related product applications include those liquid crystal displays, TV screens, optical communication systems, smart gadgets, energy-saving lighting equipment, etc. Numerous new technologies have been created as a result of the quick growth of technology. In addition, the manufacturing of optoelectronic materials and components has been improved and developed due to research and development projects, including AMOLED, Micro LED, and Mini LED.
The region's leading marketplaces for consumer electronics and automobiles are chiefly responsible for the region's rapid expansion. Additionally, progress in optoelectronic devices is anticipated in other fields, such as smart city initiatives, cutting-edge technologies like virtual and simulated reality, the Internet of Things (IoT), smart industrial appliances, and big data. Throughout the forecast period, rising government initiatives in developing nations like China and India are anticipated to support market expansion. The demand for optoelectronics is anticipated to expand significantly in South Asian nations as they become centers for the production of automobiles. The market also benefits from the simple availability of raw materials. Thus, the optoelectronic components market will grow rapidly in the region due to the aforementioned factors.
The China market dominated the Asia Pacific Optoelectronic Components Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $6,817.9 million by 2029. The Japan market is estimated to grow a CAGR of 4.7% during (2023 - 2029). Additionally, The India market would experience a CAGR of 6% during (2023 - 2029).
Based on Material, the market is segmented into Gallium Nitride, Gallium Arsenide & Gallium Phosphide, Silicon Carbide, Indium Phosphide, and Silicon Germanium. Based on Application, the market is segmented into Measurement, Lighting, Communication, Security & Surveillance, and Others. Based on Component, the market is segmented into Sensor, LED, and Laser Diode & Infrared Components. Based on Vertical, the market is segmented into Consumer Electronics, Telecommunication, Automotive, Military & Aerospace, Medical, Manufacturing, Commercial, Residential, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Optoelectronic Components Market is Projected to reach USD 60.9 Billion by 2029, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hamamatsu Photonics K.K., OSRAM GmbH (AMS AG), TT electronics PLC, Vishay Intertechnology, Inc., ON Semiconductor Corporation, Cree, Inc. (SMART Global Holdings, Inc.), TRUMPF GmbH + Co. KG, Sick AG, Broadcom, Inc. and Samsung Electronics Co., Ltd. (Samsung Group).
Scope of the Study
Market Segments Covered in the Report:
By Material
- Gallium Nitride
- Gallium Arsenide & Gallium Phosphide
- Silicon Carbide
- Indium Phosphide
- Silicon Germanium
By Application
- Measurement
- Lighting
- Communication
- Security & Surveillance
- Others
By Component
- Sensor
- LED
- Laser Diode & Infrared Components
By Vertical
- Consumer Electronics
- Telecommunication
- Automotive
- Military & Aerospace
- Medical
- Manufacturing
- Commercial
- Residential
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Hamamatsu Photonics K.K.
- OSRAM GmbH (AMS AG)
- TT electronics PLC
- Vishay Intertechnology, Inc.
- ON Semiconductor Corporation
- Cree, Inc. (SMART Global Holdings, Inc.)
- TRUMPF GmbH + Co. KG
- Sick AG
- Broadcom, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
TABLE 1 Asia Pacific Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Gallium Nitride Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Gallium Nitride Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Gallium Arsenide & Gallium Phosphide Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Gallium Arsenide & Gallium Phosphide Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Silicon Carbide Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Silicon Carbide Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Indium Phosphide Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Indium Phosphide Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Silicon Germanium Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Silicon Germanium Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Measurement Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Measurement Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Lighting Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Lighting Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Communication Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Communication Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Security & Surveillance Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Security & Surveillance Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 27 Asia Pacific Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 29 Asia Pacific Sensor Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Sensor Market by Country, 2023 - 2029, USD Million
TABLE 31 Asia Pacific LED Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific LED Market by Country, 2023 - 2029, USD Million
TABLE 33 Asia Pacific Laser Diode & Infrared Components Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Laser Diode & Infrared Components Market by Country, 2023 - 2029, USD Million
TABLE 35 Asia Pacific Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 36 Asia Pacific Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 37 Asia Pacific Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Consumer Electronics Market by Country, 2023 - 2029, USD Million
TABLE 39 Asia Pacific Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 40 Asia Pacific Telecommunication Market by Country, 2023 - 2029, USD Million
TABLE 41 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Automotive Market by Country, 2023 - 2029, USD Million
TABLE 43 Asia Pacific Military & Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 44 Asia Pacific Military & Aerospace Market by Country, 2023 - 2029, USD Million
TABLE 45 Asia Pacific Medical Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Medical Market by Country, 2023 - 2029, USD Million
TABLE 47 Asia Pacific Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 48 Asia Pacific Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 49 Asia Pacific Commercial Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Commercial Market by Country, 2023 - 2029, USD Million
TABLE 51 Asia Pacific Residential Market by Country, 2019 - 2022, USD Million
TABLE 52 Asia Pacific Residential Market by Country, 2023 - 2029, USD Million
TABLE 53 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 55 Asia Pacific Optoelectronic Components Market by Country, 2019 - 2022, USD Million
TABLE 56 Asia Pacific Optoelectronic Components Market by Country, 2023 - 2029, USD Million
TABLE 57 China Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 58 China Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 59 China Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 60 China Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 61 China Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 62 China Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 63 China Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 64 China Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 65 China Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 66 China Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 67 Japan Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 68 Japan Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 69 Japan Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 70 Japan Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 71 Japan Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 72 Japan Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 73 Japan Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 74 Japan Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 75 Japan Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 76 Japan Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 77 India Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 78 India Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 79 India Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 80 India Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 81 India Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 82 India Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 83 India Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 84 India Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 85 India Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 86 India Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 87 South Korea Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 88 South Korea Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 89 South Korea Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 90 South Korea Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 91 South Korea Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 92 South Korea Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 93 South Korea Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 94 South Korea Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 95 South Korea Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 96 South Korea Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 97 Singapore Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 98 Singapore Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 99 Singapore Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 100 Singapore Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 101 Singapore Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 102 Singapore Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 103 Singapore Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 104 Singapore Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 105 Singapore Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 106 Singapore Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 107 Malaysia Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 108 Malaysia Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 109 Malaysia Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 110 Malaysia Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 111 Malaysia Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 112 Malaysia Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 113 Malaysia Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 114 Malaysia Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 115 Malaysia Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 116 Malaysia Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 117 Rest of Asia Pacific Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 118 Rest of Asia Pacific Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 119 Rest of Asia Pacific Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 120 Rest of Asia Pacific Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 121 Rest of Asia Pacific Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 122 Rest of Asia Pacific Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 123 Rest of Asia Pacific Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 124 Rest of Asia Pacific Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 125 Rest of Asia Pacific Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 126 Rest of Asia Pacific Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 127 Key Information – Sick AG
TABLE 128 Key Information – Broadcom, Inc.
TABLE 129 Key Information – ON Semiconductor Corporation
TABLE 130 Key Information – Samsung Electronics Co., Ltd.
TABLE 131 key information – Hamamatsu Photonics K.K.
TABLE 132 Key Information – OSRAM GmbH
TABLE 133 Key Information – TT Electronics PLC
TABLE 134 key Information – Vishay Intertechnology, Inc.
TABLE 135 Key Information – TRUMPF SE + Co. KG
TABLE 136 Key Information –Cree, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Sick AG
FIG 3 SWOT Analysis: Broadcom, Inc.
FIG 4 SWOT Analysis: ON Semiconductor Corporation
FIG 5 SWOT Analysis: Samsung Electronics CO. Ltd.