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Global Opto Semiconductors Market to reach USD 118.97 billion by the end of 2030.

Global Opto Semiconductors Market Size study & Forecast, by ,Type (LED, Image Sensors, Infrared Component, Optocouplers, and Laser Diode), By Application (Residential & Commercial and Industrial) and Regional Analysis, 2023-2030

Product Code: EESC-39664804
Publish Date: 19-06-2023
Page: 200

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 player 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:
Ø 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.

Ø 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:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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:
Image Sensors
Infrared Component
Laser Diode

By Application:
Residential & Commercial

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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 Growing demand for electronic vehicle applications Rising adoption of LED devices
3.1.2. Market Challenges Heating and energy loss in devices High-cost of Opto Semiconductors
3.1.3. Market Opportunities Growing demand for smart consumer electronics 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 Type breakdown estimates & forecasts, 2020-2030 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) Key Information Overview Financial (Subject to Data Availability) Product Summary 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

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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