Asia Pacific Optoelectronics Market

The Asia Pacific Optoelectronics Market in terms of revenue was worth of USD 67.06 Billion in 2021 and is expected to reach USD 132.94 Billion in 2028, growing at a CAGR of 10.3% from 2022 to 2028. The Asia Pacific Optoelectronics Market is expected to grow at a substantial growth rate due to several driving factors.

Scope:

Optoelectronics is at the crossroads of electronics and optics. Using optical and electronic means, it generates, manipulates and converts light. Optoelectronics accepts communication between the electronics and the optics that involves constructing, studying, and engineering a hardware device that transforms electrical energy into light energy and light into energy through semiconductors. In this perspective, light often contains invisible modes of radiation such as X-rays, gamma rays, ultraviolet and infrared, and visible light. Optoelectronic devices are optical-to-electrical or electrical-to-optical transducers or instruments that use such devices in their procedure. Optoelectronic devices are used in a broad range of application areas, such as laser technology, optical fiber communications, and all types of optical metrology. Optoelectronics is generally centered on semiconductor materials. It is rapidly developing a fast-developing technology field. These devices can be a part of numerous applications like military services, automatic access control systems, telecommunications, therapeutic equipment, and more.

The study provides a crucial view of the Asia Pacific Optoelectronics Market by segmenting the market based on components type, application type and country level. Based upon the components type, Asia Pacific optoelectronics market is segmented into storage media, display modules, fiber & cable, transceiver modules, and source & detectors. Based upon application type, the Asia Pacific optoelectronics market is classified into automotive, computers, consumer electronics, communication, and industrial optical sensing equipment. On the basis of country level, the Asia Pacific Optoelectronics Market is sub divided China, Japan, India, and rest of Asia Pacific.

Several factors such as growing demand for smart consumer electronic devices, increasing demand for optical solutions in the healthcare & automotive industry, and increasing need for long-life & low power consuming components are driving the growth of the optoelectronics Market in the Asia Pacific. Increasing advancement and investments in laser diodes are also supplementing the market growth in this region. Laser diodes are the most extensively used optoelectronic components installed in laser generation around several applications involving fiber DVD/Blu-ray players, optic communications, printing and communication technologies, as well as bar code readers. In addition, high utilization of electronic devices has become average display technology, with customers demanding advanced resolution and performance has been the motive for the high demand for electronic devices which would, in turn, impact the optoelectronics market in the Asia Pacific positively. For instance, according to the People's Daily Online, on April 9^th, 2019, China remains the world’s biggest manufacturer, consumer, and exporter of electric devices respectively generating around 90 percent in 2018. China generated around 1.8 billion mobile phones, about 300 million computers, and nearly 200 million televisions in 2018. Optoelectronics is referred as the application of electronic devices which locate, identify, and monitor light typically believed a sub-field of photonics. Therefore, the high utilization of electronic devices is another factor augmenting the market growth in this region.

Moreover, rising number of advancements in Li-Fi technology, the increasing demand for automotive lighting for interior as well as exterior applications, and growing demand for head-up display units are also fostering the market growth. Intensifying the adoption of advanced smartphones and wearable is one of the major factors overall propelling the growth of the optoelectronics market in the Asia Pacific. For instance, according to The Mobile Economy Asia Pacific 2019, around 2.8 billion people in the Asia Pacific supported smartphones services, accounting for 67% of the population at end of 2018. The percentage of smartphone connections in 2018 was over 61% and the number is expected to reach about 83%. Likewise, it is estimated that, more than 370 million new smartphones and wearable subscribers to be increased by 2025. However, high initial costs related to manufacturing and fabrication are likely to impede the optoelectronics market growth in the Asia Pacific. Furthermore, advancements in Li-Fi technology and innovations in optoelectronic devices may create immense growth opportunities in Asia Pacific Optoelectronics Market.

The component type segment of the Asia Pacific Optoelectronics Market is dominated by LED drive with the largest market share of 39.45% in 2020. The end user segment of the Asia Pacific Optoelectronics Market is dominated by consumer electronic drive with the largest market share of XX in 2020.

Market Player Analysis:

• Sony Semiconductor Solutions Corporation
• SAMSUNG
• Mitsubishi Electric Corporation
• TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION
• OmniVision Technologies, Inc.
• STANLEY ELECTRIC CO., LTD.
• Dialight
• ROHM CO., LTD.
• Hamamatsu Photonics K.K
• Others

Segmentation:

The Asia Pacific optoelectronics market research reports segments as follows:

Asia Pacific Optoelectronics Market: By Components Type

• LED
• Image Sensors
• IR Component
• Laser Diodes
• Octocoupler
• Others

Asia Pacific Optoelectronics Market: By End User

• Automotive
• Telecommunication
• Consumer Electronic
• Military & Aerospace
• Industrial
• Others (Manufacturing, Utility, Pulp & Paper etc.)

Asia Pacific Optoelectronics Market: By Country

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Market Trends

In Asia Pacific region, Optoelectronics play a most essential role in the electronics industry. There are various ranges of devices that fall under optoelectronics such as image pick up devices, information displays, optical storages, LEDs and elements, remote sensing systems, optical communication systems and more. Optoelectronics consist of light emitting devices which convert electrical signals to visible or infrared radiation energy, or vice-versa. Also, Optoelectronics can be used for a variety of purposes, home appliances such as LCD-TV, business machines such as decoders, instruments, and medical equipment. Other optoelectronic devices available in the market are; telecommunication laser, optical fibre, blue laser, LED traffic lights, photodiodes and solar cells. Among all, LED lighting has greater features like compact size, lower energy consumption, the release of less heat and longer life increase market demand for LED lighting.  Optoelectronics allows the transmission of data around the world using fibre optic cables. Moreover, rising use of electronic gadgets, growing demand for power-efficient devices and high demand and increasing sales of luxury and ultra-luxury vehicles in the region are the major factors driving the growth of optoelectronics market in the Asia Pacific region.

Major trends in Asia Pacific optoelectronics market are as follows:

A) High-brightness LEDs (HB-LEDs):

High-brightness LEDs also referred as high-power LEDs. It is frequently used to replace incandescent bulbs in torches or can be set in an array to form a powerful LED lamp. High-brightness LEDs are most widely used optoelectronics due to its features like it is cost-effective, energy-efficient lighting solutions across the entire visible spectrum. High-brightness LEDs (HB-LEDs) have reached the luminous efficacy of fluorescent lights. Currently, HB-LEDs are more popular in demand because these are used into backlighting systems for tablets, LCD TVs, cellphones and computer displays. In optoelectronics market, HB-LEDs have strong sales in these applications. Also, it is used in various application areas including buildings, homes, businesses, outdoor lighting, and other applications, such as automotive headlamps and digital signs. HB-LEDs offer major advantages like it is an environmentally friendly because mercury or other hazardous substances are absent in it and it is controllable when it comes to brightness and color.

B) CMOS Image Sensors:

CMOS image sensors are one of major trends of the Optoelectronics market in this region. It is a semiconductor image sensor that converts light into electrical signals. It is showing strong sales growth as digital imaging moves into new automotive-safety systems, video security and surveillance networks, medical equipment, human-recognition user interfaces, wearable body cameras, and other embedded applications as well as in camera phones and stand-alone digital cameras. CMOS sensors work as a smaller digital circuitry that uses less power. These CMOS (Complementary metal–oxide–semiconductor) imaging sensors offer a broad range of applications and markets include traffic management, scientific instrumentation machine vision, medical electronics, broadcast equipment and photography. Applications of CMOS image sensors can be found nowadays in an incredibly large range of domains like medicine, astronomy, automotive field, digital photography etc.

C) Fiber-Optic Laser Transmitters:

Fiber optic laser transmitters are used to convert electrical signals into optical signals and then transfer these optical signals into light-Fiber Optic Transmitter image directing cable. These are mainly used light emitting diodes (LED) or laser diodes as their optical source and designed for use with either single-mode or multi-mode fiber. Fiber optic laser transmitters consist of an interface circuit, an optical source and a source drive circuit. The interface circuit receives electrical signals that converts them to optical signals and generates the LED or laser diode that then transfer the light signals to the fiber optic cable. Fiber-optic laser transmitters are the fastest growing optoelectronics product category. These lasers support to create an optical signal with minimum spectrum width. It has   huge demands in video streaming and download, Internet traffic, cloud-computing services and the potential for billions of new connections in the Internet of Things (IoT). Today, there are three main types of lasers in the optoelectronics market for fiber optic transmitters like VCSELs, FP lasers and DFB lasers. VCSELs have the advantage of low power consumption and high coupling efficiency with optical fibers. Among all of, DFBs are more expensive than FP lasers. FP lasers and DFB lasers are suitable for longer distances than VCSELs and generally used for long distance transmission.

D) Light Emitting Diode:

A light emitting diode (LED) is a semiconductor device that produces visible light of a certain color. It is the conversion of electrical energy into light. The usage of LED is beneficial as it consumes less power and produces less heat. LEDs last longer than incandescent lamps. Todays, LEDs have become the next generation of lighting and used anywhere like in medical devices, watches, instrument panels, switches, fiber-optic communication, indication lights, computer components, consumer electronics, household appliances, traffic signals, automobile brake lights, seven segment displays and inactive displays, and also used in different electronic and electrical engineering projects such as  propeller display of message by virtual LEDs, display of dialed telephone numbers on seven segment display, LED based automatic emergency light, mains operated LED light and  solar powered led street light with auto intensity control.

E) Laser Diode:

A laser diode is a major type optoelectronic component, which is used to converts electrical energy into light energy to produce high-intensity coherent light. Laser diodes are also known as junction lasers, semiconductor lasers, junction diode lasers or injection lasers. Laser diodes are playing an important role in our everyday lives. The laser diodes are used in fiber optic communication, surgical procedures, local area networks, long distance communications, optical memories, military applications, CD players, optical memories, laser printing, barcode readers, laser pointers, CD/DVD/Blu-ray disc reading/recording, laser scanning and light beam illumination and in electrical projects such as RF controlled robotic vehicle with laser beam arrangement and more. It has low power as compared to other types of laser diodes and gives high optical power.

F) Integrated Circuit (IC):

Integrated circuit (IC) is an association of electronic components, fabricated as a single unit. It is also called microelectronic circuit, microchip, or chip. IC optoelectronics are integrated circuits that combine optical components (i.e. laser optocoupler, LEDs, etc.) with electronic devices or circuits (i.e. transistors, diodes, etc.). An Integrated circuit (IC) can function as an oscillator, timer, counter, amplifier, computer memory or microprocessor.

G) Telecommunication Laser:

Telecommunications laser is one of the largest optoelectronics products categories which commonly used in telecommunication application sectors for lasers and laser amplifiers worldwide. Today, telecommunication lasers are the key components of any broadband communication systems. These are used as high speed transmitter in digital and analogue fiber optic networks, to pump lasers in Erbium doped amplifiers (EDFAs), or as high-power pulsed lasers in test and measurement field. This laser is better than radio as light wavelengths and it transmit more information per second with a stronger signal. Telecommunications laser is used in communication with the optical fibers instead of telephone cables.

I) Blue laser:

Blue lasers are used in Blu-ray, which is used as a storage standard in DVD and related applications. Blue lasers also have a wide scope of application in printing, as they allow for a higher resolution compared to the red lasers used in laser printers. Blue lasers are used in interferometers, data recording like Blu-ray Disc, holographic memory, in laser microscopy, for laser printing and digital photofinishing, in laser projection displays, in flow cytometry, and for spectroscopic measurements. There are many devices that used blue laser light. It has various applications in many areas ranging from optoelectronic data storage at high density to medical applications.

K) Photodiodes:

A photodiode is a semiconductor light sensor that generates a voltage or current when light falls on the junction. Photodiodes can be used in three modes: photovoltaic as a solar cell, forward biased as an LED and reverse biased as a photo detector. Also, it is used in many types of circuits and different applications such as safety equipments, industries, communication devices, cameras, medical instruments and industrial equipments. Currently, silicon photodiodes are most commonly used for both civilian and defense related applications due to its small size, low noise, high speed and good spectral response. Photodiode is an operational amplifier combination which is widely developed for the detection of very low light intensities to be introduced.

L) Solar cells:

A solar cell is also known as photo-voltaic cell. It is an optoelectronic device that directly converts sun’s energy into electricity. Its working process is when sunlight falls on a solar cell then it produces both a current and a voltage to create electric power. The solar cell is the combination of two layers which are hit together. The first layer is loaded with electrons, so these electrons are ready to jump from the first layer to the second layer. The second layer of solar cell has some electrons taken away and so, it is ready to take more electrons. The advantages of solar cells are cost effective and fuel free. These are very dependable and require little maintenance as compared to others devices. The solar cells are applicable in rural electrification, electric power generation system in space, telecommunication systems, ocean navigation aids, and remote monitoring and control systems.

Thus, these are some of the major trends in the Asia Pacific Optoelectronics market.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 67.06 Billion
Base year considered	2021
Forecast Period CAGR %:	10.3%
Market Size Expected in 2028:	USD 132.94 Billion
Tables, Charts & Figures:	175
Pages	200
Companies	Sony Semiconductor Solutions Corporation, SAMSUNG, Mitsubishi Electric Corporation, TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION, OmniVision Technologies, Inc., STANLEY ELECTRIC CO., LTD., Dialight, ROHM CO., LTD., Hamamatsu Photonics K.K, Others,
Segments Covered	By Components Type, By End User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits–

• Asia Pacific Optoelectronics Market report covers in-depth historical and forecast analysis
• Asia Pacific Optoelectronics Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Asia Pacific Optoelectronics Market report helps to identify opportunities in marketplace.
• Asia Pacific Optoelectronics Market report covers extensive analysis of emerging trends and competitive landscape.