A market research report by Transparency Market Research provides an in-depth analysis of the global optoelectronics market. The research study, titled, “Optoelectronics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” analyzes the market with the help of specific parameters such as market overview, market drivers, challenges, opportunities, historical data, and forecast figures. The report has also included inputs from industry experts and professionals to aid the existing players as well as new entrants in designing their business strategies.
On the basis of application, the global optoelectronics market has been segmented into light-emitting diodes (LEDs), internet and compact disk, lasers, image sensors, DVDs, optical fibers, OLEDs, optical discs, and Blue-Ray devices on computers. Currently, optoelectronics market is growing at a fast pace in the semiconductor industry and the revenues collected from these products are rising extensively annually. The huge application scope within the semiconductors industry and especially those who are focusing towards energy-efficiency solutions are taking efforts for product development and innovations in image sensors, LEDs, and other optoelectronics products. Rising income and increased demand for high-end technological products have augmented the growth of this market.
One of the major factors hampering the growth of the global optoelectronics market is their high cost in comparison with the conventional products. Liquid crystal displays (LCDs) are the main substitutes for light-emitting diodes (LEDs), which are more reasonable in spite of a quality difference. In addition, the cost of replacement of the spare parts of these products is very high, which acts as the main hurdle for the sale of LEDs.
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The research report on the global optoelectronics market has been further segmented on the basis of geography into Europe, Asia Pacific, North America, and Rest of the World. Among these regions, Asia Pacific has remained dominant in recent years, thanks to the tremendously growing demand for optoelectronics products and their easy availability, which are the major aspects fueling the global optoelectronics market. Moreover, the rising disposable income of consumers in Asia Pacific is again a major factor that is boosting the demand for optoelectronics resulting in an increase in sales and the growth of optoelectronics market as a whole.
Furthermore, the research report talks about the key players operating in the global optoelectronics market. The report has provided a clear picture of these players including company information, business overview, financial overview, SWOT analysis, and recent developments. Some of the prominent players mentioned in this research report include Philips, Toshiba Corp., BetaLED, ROHM, Panasonic, Avago Technologies, Sharp Corp., and Sony Corp. Having spotted the profit margins in this market, many new companies are entering the global optoelectronics market in order to gain a higher share in the market revenue.
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