Optoelectronics Market to 2020 - Push for Energy Efficiency to Increase Demand for LED based Applications29 Oct 2010 • by Natalie Aster
London - “Optoelectronics Market to 2020 - Push for Energy Efficiency to Increase Demand for LED based Applications” by GBI Research provides the key information and analysis on the market opportunities in the Optoelectronics industry. The report covers the latest information on the revenues of the Optoelectronic Market. The report provides Optoelectronic product - based forecast up to 2020. The study gives an analysis on the basis of geography up to 2020, it covers the key market trends and growth forecasts for a wide range of Optoelectronic applications in computing, communication, life sciences, consumer electronics, and automobile sectors.
The automotive industry will be a key consumer of optoelectronic devices during the forecast period of 2009-2020 The automobile industry will increasingly depend on the optoelectronic industry for safety and convenience solutions.
This research work provides a comprehensive assessment of the technological landscape, consumer requirements and competitive structure prevailing in the Optoelectronic market. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
Published: Nov, 2010
Price: US$ 3,500.00
Report Sample Abstract:
LED Based Lighting Market Is Expected To Drive Optoelectronic Sales
The increasing demand for energy efficient systems is expected to drive the sales of Light Emitting Diodes (LED) based lighting devices. The display and lamp market is expected to grow at a Compound Annual Growth Rate (CAGR) of 9.41% over the period 2009-2020. Lighting accounts for 20% of the world’s electricity consumption and there is an increasing demand for energy efficient and environmentally friendly technologies. These requirements are largely fulfilled by optoelectronic applications such as Light Emitting Diodes (LEDs) which consume only 20% of the energy when compared to a traditional incandescent bulb and they can last up to 25,000 hours.
Sales Growth of Smart Phones is Expected to Cause Increased Sales of Optoelectronic Products
Increase in the use of consumer devices that require solid state lighting and image sensors is expected to boost optoelectronics sales during the forecast period 2010-2020. Optoelectronic devices are used in consumer devices such as smart phones, digital cameras, mp3s, iPods, and LCD TVs. The rapid adoption of smart phones with LED backlight is expected to boost the demand of optoelectronic products, especially LEDs and image sensors. Smart phone usage is set to increase dramatically with the sales volume forecasted to rise from 174 million in 2009 to 500 million in 2014.
Image Sensor Market is Expected To Set Record Growth in 2010
The sales revenue of image-sensor devices is predicted to reach an unprecedented $8.3 billion at a Year on Year (YoY) growth rate of 29% in 2010, with demand for digital cameras, camera phones, and machine-vision systems recovering with the global economy.
CMOS based devices that held a revenue share of 61% revenue in 2010 while charge-coupled devices (CCDs) accounted for the remaining 39%. Complementary metal-oxide-semiconductor (CMOS) image sensors dominate the high-growth portable systems applications, such as camera phones, webcams in notebook computers and other embedded cameras in handheld products and will drive the demand growth of Image Sensors. New specialized and high-speed CMOS imagers are being increasingly used in automotive systems, medical equipments and wireless video security networks. CMOS imaging devices are also employed in optical mouse, toys and video games.
Automotive Industry will Boost the Consumption of Optoelectronic Devices
The automotive industry will be a key consumer of optoelectronic devices during the forecast period of 2009-2020. The automotive industry held a revenue share of 8% in 2010, and the revenues from the automotive sector are expected to grow at a CAGR of 11.22% from 2009 to 2020.
The application of optoelectronic devices in the automotive industry has started to gain momentum. The automobile industry will increasingly depend on the optoelectronic industry for safety and convenience solutions.
LEDs are extensively used in the automobile sector for interior as well as exterior lighting. Other optoelectronic devices such as image sensors, which are mainly used in mobile phones and digital cameras, are also being used in vehicles to provide additional safety features such as lane departure warning and blind spot assistance.
Government Incentives are Anticipated to Drive the Demand for Solar Cells
The support from governments in countries like Japan and China is expected to boost the sales of solar cells. Incentives in these countries are given in the form of tax credits, relief or exemption. Japanese companies in particular undertake large scale research and development programs in the field of Optoelectronics which are supported extensively by the Japanese Government.
China plans to generate 10 gigawatts of energy from solar cells by 2020. The Chinese government subsidizes the costs of installing solar energy systems on buildings. Solar technology which was previously limited to applications in satellites is now being used in a wide range of industrial and home applications.
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