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Optoelectronics Market Share

Report ID: GMI9844
Published Date: Jun 2024
Report Format: PDF

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Optoelectronics Market Share

Samsung Electronics, Sony Corporation, and Osram Licht AG hold a share of over 20% in the market. Samsung Electronics, a global leader in consumer electronics, leverages its expertise in display technologies, such as OLED and LED, to capture a substantial market share. Its diversified product portfolio, ranging from smartphones and televisions to automotive displays, contributes to its market dominance. Sony Corporation, known for its innovative imaging solutions, holds a prominent position in the optoelectronics market through its high-quality image sensors used in digital cameras, smartphones, and other electronic devices.

Sony's cutting-edge sensor technology and commitment to R&D enable it to meet the evolving demands of various industries including automotive and healthcare. Osram Licht AG, a leading provider of lighting solutions, plays a crucial role in the optoelectronics industry through its extensive range of LED products and solutions. With a focus on energy-efficient lighting and smart lighting systems, Osram serves diverse sectors, such as automotive, general lighting, and horticulture, catering to the growing demand for sustainable and connected lighting solutions globally.

Optoelectronics Market Companies

Major players operating in the optoelectronics industry are:

Samsung Electronics
Sony Corporation
Osram Licht AG
Sharp Corporation
Nichia Corporation
Broadcom Inc.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for optoelectronics was USD 45.1 billion in 2023 and is expected to register over 7% CAGR from 2024-2032 owing to the growing need for consumer devices such as laptops and smartphones worldwide.

Optoelectronics industry from the photovoltaic (PV) cells segment is expected to reach over USD 25 billion by 2032 due to growing emphasis on renewable energy sources, to fight climate change and reduce dependence on fossil fuels worldwide.

North America industry held over 35% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a strong and technologically advanced industrial foundation in the region.

Samsung Electronics, Sony Corporation, Osram Licht AG, Sharp Corporation, Nichia Corporation, and Broadcom Inc., are some of the major optoelectronics companies worldwide.