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Optoelectronics - MENA

MENA
  • Revenue in the Optoelectronics market is projected to reach US$693.20m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.93%, resulting in a market volume of US$800.70m 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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In-Scope

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

Out-Of-Scope

  • Liquid crystal displays
  • Incandescent lamps
Optoelectronics: market data & analysis - Cover

Market Insights report

Optoelectronics: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Analyst Opinion

    The optoelectronics market is expected to continue to grow in the next five years, driven by the increasing demand and technological advancements in consumer electronics, communication electronics, and healthcare device electronics. The increasing demand for technologically advanced and efficient optoelectronics in automotive electronics applications would further add to this growth.

    The market is expected to grow with a CAGR of more than 3 % in the next five years, slowly recovering from the issues in the fabrication of devices in this market due to COVID-19 and the trade war between the U.S. and China. The Asian region, especially China, is expected to remain the largest market.

    Global Comparison

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Aug 2024

    Source: Statista Market Insights

    Methodology

    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.

    Technology

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    Semiconductors - statistics & facts

    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.
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