Optoelectronics - Eastern Asia | Statista Market Forecast

Revenue in the Optoelectronics market is projected to reach US$20.59bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.46%, resulting in a market volume of US$24.41bn by 2029.
In global comparison, most revenue will be generated China (US$13.32bn in 2024).

Definition:

The Optoelectronics market includes semiconductor devices that are used for light sensing and emitting functionalities. This includes devices such as displays, light-emitting diodes (LED), optical switches, etc.

Additional Information:

The Optoelectronics market comprises revenue and revenue change as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G).

Key players in this market include Osram, Sony Corporation, ON Semiconductor, Sharp Corporation, etc.,

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Displays
Laser sensors and transmitters
Optical couplers & isolators
Optical switches
Image sensors
Infrared emitters and detectors

Liquid crystal displays
Incandescent lamps

The Optoelectronics market in Eastern Asia is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this growth. Customer preferences in the Optoelectronics market in Eastern Asia are driving the demand for innovative and high-quality products. Consumers in this region have a strong preference for advanced technology and are willing to invest in optoelectronic devices that offer superior performance and functionality. They are also increasingly concerned about energy efficiency and environmental sustainability, leading to a growing demand for optoelectronic products that are energy-efficient and eco-friendly. Trends in the market are also playing a key role in the development of the Optoelectronics market in Eastern Asia. One major trend is the increasing adoption of optoelectronic devices in various industries, including telecommunications, automotive, healthcare, and consumer electronics. This is driven by the need for faster and more reliable communication networks, advanced driver assistance systems, medical imaging technologies, and high-resolution displays. Another trend is the miniaturization of optoelectronic devices, which allows for their integration into smaller and more portable devices such as smartphones, tablets, and wearable devices. Local special circumstances in Eastern Asia are also contributing to the growth of the Optoelectronics market. The region is home to several major manufacturers of optoelectronic devices, including Japan, South Korea, and Taiwan. These countries have a strong technological base and are known for their expertise in the development and production of high-quality optoelectronic products. The presence of these manufacturers has created a competitive environment and has led to the continuous innovation and improvement of optoelectronic devices in the region. Underlying macroeconomic factors are also driving the development of the Optoelectronics market in Eastern Asia. The region has experienced rapid economic growth in recent years, leading to an increase in disposable income and consumer spending. This has fueled the demand for optoelectronic products, as consumers are more willing and able to invest in these advanced technologies. Additionally, government initiatives and policies aimed at promoting the development and adoption of optoelectronic devices have further supported the growth of the market. Overall, the Optoelectronics market in Eastern Asia is experiencing significant growth and development due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The region's strong technological base, increasing demand for advanced technology, and favorable economic conditions are all contributing to the expansion of the market. As the market continues to evolve, it is expected to offer new opportunities for both manufacturers and consumers in Eastern Asia.

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Governments and companies across the entire semiconductor value chain have had to navigate changing demands, supply chain imbalances, and geopolitical factors in recent times. As a result, action plans and policies have had to be established to safeguard the supply of semiconductors. In 2024, global semiconductor sales surpassed 600 billion U.S. dollars, a jump from the previous year as the industry reaps the rewards from the artificial intelligence (AI) revolution sweeping across the world.