The global opto semiconductors market revenue was around US$ 48.7 billion in 2022 and is estimated to reach US$ 130.7 billion by 2031, is growing at a compound annual growth rate (CAGR) of 11.8% during the forecast period from 2023 to 2031.

Opto semiconductors are improved semiconductor devices that are utilized for the emission and absorption of light. The p-n junctions are a crucial component of these devices. Opto semiconductor devices like solar cells, LEDs, and semiconductor lasers are categorized as optoelectronic devices. Optoelectronics like image sensors, laser diodes, and others are based on the quantum mechanical impacts of light on electronic materials.

Factors Influencing Market Growth

- The increasing use of optoelectronic devices in data storage and communications applications is anticipated to notice a significant growth of the opto semiconductors market in terms of revenue during the forecast period.

- The advancement of the laser-powered 3D display technology and electronic sector has pushed the growth of the opto semiconductors market

- Energy loss and heating in devices is one of the prime factors that hinder the growth of the opto semiconductors market.

- The growth in demand for electric vehicles is anticipated to deliver lucrative possibilities for the development of the opto semiconductors market forecast during the forecast period.

- The rising demand for next-generation technologies and smart consumer electronics is predicted to drive the growth of the opto semiconductors market opportunity during the forecast period.

Impact of COVID-19

The outbreak of the COVID-19 pandemic significantly affected the growth of the opto semiconductors market because of a significant influence on prime market players. The lack of availability of a professional workforce and partial and complete lockdowns enforced by governments limited the growth of the opto semiconductors market.

Regional Analysis

Asia-Pacific holds a notable share in the global opto semiconductors market because of the existence of prime players in this region. The adoption of next-generation laser diode solutions and LEDE lighting paired with solutions across the consumer electronics and industrial sector is anticipated to drive the growth of the opto semiconductors industry in this region.

Leading Companies

The leading prominent companies profiled in the global opto semiconductors market are: -

- OSRAM
- Littelfuse, Inc.
- ROHM Semiconductor
- TT Electronics plc
- IPG Photonics Corporation
- JENOPTIK
- Fairchild Semiconductor International
- Avago Corp
- Broadcom Inc.
- Coherent, Inc.
- Epistar Corporation
- Toshiba Corporation
- Vishay Intertechnology, Inc.
- Ushio America, Inc.
- Sharp Corporation
- Mitsubishi Electric Corporation
- LITE-ON Technology Corporation
- Other prominent key players

Segmentation Outline

The global opto semiconductors market segmentation focuses on Type, Application, and Region.

Segmentation based on Type

- Optocouplers
- LED
- Image Sensor
- Infrared Component
- Laser Diode

Segmentation based on Application

- Residential and Commercial
- Industrial
- Automotive
- Consumer Electronics
- Telecommunication
- Healthcare
- Energy and Power
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa