Deerfield Beach, FL -- (SBWIRE) -- 07/19/2017 -- Latest industry research report on Optoelectronic Components Market. Optoelectronic components are electronic components that detect & control light, and converts electrical signals into infrared or visible energy or vice versa. It is used in electric eyes, monitor & control circuits, photovoltaic power supplies, and optical fiber communications systems. Injection laser diodes and quantum cascade lasers use optoelectronic components for stimulated emission. Image sensors and LEDs are used for safety purposes, packaging, and digital imaging systems.

Increasing use of infrared components in cameras & automobiles and low power consumption of optoelectronic components are factors propelling the growth of the market.

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However, high cost of devices and inexpensive substitute technologies are obstructing the growth of the market. Technological advancements in LED communication and increasing R & D activities create huge opportunities in the market.

The world optoelectronic components market is segmented based on component type, application, and geography.

By Component Type

LED
Laser Diode
Image Sensor

By Application

Residential & Commercial
Consumer Electronics
Industrial
Healthcare

By Geography

North America
Asia-Pacific
Europe
Latin America, Middle East and Africa (LAMEA)

KEY MARKET PLAYERS:

Cree Inc.
Sony Corporation
Osram Licht AG
ON Semiconductor
OmniVision Technologies Inc.
Vishay Intertechnology Inc.
Sharp Corporation
Samsung Electronics Co. Ltd.
Koninklijke Philips N.V.

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