Optoelectronics set for 2.8% CAGR for 2020-2026
The optoelectronics market saw a milder decline in 2020 as the pandemic’s effects proved less drastic than previously believed, and revenues and unit shipments will return to relatively strong growth in 2021, according to a new report from industry researcher Omdia.
In the report, Optoelectronic Components Report – 2021 Analysis, Omdia estimates that the sector will see revenue growth of 2.8% from 2020 through 2026 on a CAGR basis. However, unit shipments are expected to grow by 5.9% on a CAGR basis during the same period, with ASPs dropping nearly 3% over that time.
This annual report provides a detailed quantitative analysis of the global market for optoelectronic components, including LEDs, optocouplers, wireless infrared components, optical switches (also known as photo interrupters) and LED displays. For each type of optoelectronic component, the market is analyzed in terms of application, region and feature historical and current market shares.
“This report allows users to gain a better understanding of the market so that they can make more informed purchasing and supply chain decisions, identify growth and investment opportunities, and compare company performance in a number of key end markets,” says Chee-Seng Tan, Omdia senior analyst and author of the report.
The report is based on very detailed data provided by most leading suppliers in the form of surveys of customer sales and telephone interviews. Each year, the report’s coverage is enhanced by adding to the core data as the market changes and customers’ needs adapt.
Key players mentioned in the report include:
- Analog Devices Inc
- LG Innotek
- ON Semiconductor
- Osram Opto
- Samsung Electronics
- Seoul Semiconductor
- Shenzhen MTC
- Stanley Electric
- Texas Instruments
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