Optoelectronics - Sweden | Statista Market Forecast

Revenue in the Optoelectronics market is projected to reach US$42.66m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 3.16%, resulting in a market volume of US$49.85m 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 Sweden has been experiencing steady growth in recent years, driven by customer preferences for advanced technology and the country's favorable economic conditions. Customer preferences in the Optoelectronics market in Sweden are largely influenced by the demand for high-quality and innovative products. Swedish consumers are known for their tech-savviness and willingness to adopt new technologies. They value products that offer superior performance, energy efficiency, and durability. As a result, there is a strong demand for optoelectronic devices that provide cutting-edge features and functionalities. Trends in the Optoelectronics market in Sweden are closely aligned with global trends. The market is witnessing a shift towards miniaturization and integration of optoelectronic components, leading to the development of smaller and more efficient devices. This trend is driven by the increasing demand for portable and wearable devices, such as smartphones, smartwatches, and fitness trackers. Additionally, there is a growing interest in optoelectronic sensors and imaging technologies for applications in industries such as healthcare, automotive, and consumer electronics. Local special circumstances in Sweden also contribute to the growth of the Optoelectronics market. The country has a strong research and development ecosystem, with several universities and research institutes focusing on optoelectronics and related fields. This fosters innovation and drives the development of new technologies and products. Furthermore, Sweden has a well-developed infrastructure and a highly skilled workforce, which enables efficient manufacturing and production of optoelectronic devices. Underlying macroeconomic factors play a significant role in the growth of the Optoelectronics market in Sweden. The country has a stable and prosperous economy, with high disposable incomes and a strong purchasing power. This enables consumers to invest in high-end optoelectronic devices and fuels the demand for advanced technology. Additionally, Sweden has a favorable business environment, with supportive government policies and incentives for research and development, which attract investments in the optoelectronics industry. In conclusion, the Optoelectronics market in Sweden is experiencing steady growth due to customer preferences for advanced technology, global trends towards miniaturization and integration, local special circumstances such as a strong research and development ecosystem, and underlying macroeconomic factors including a stable economy and favorable business environment. This positive market outlook is expected to continue in the coming years, driven by ongoing technological advancements and increasing consumer demand for innovative optoelectronic products.

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.