Latest report from IHS on optoelectronic components market
11 December 2013Tweet
According to the latest Optoelectronic Components report from Stewart Shinkwin of IHS, LEDs continue to dominate the optoelectronic components market, but there are a number of small high growth opportunities that could prove lucrative for a number of suppliers.
The summary of the report states: ‘LEDs currently account for 79 per cent of the total optoelectronic component market, in terms of revenue, with lighting and backlight applications making up the majority of this. By 2018, the percentage of total optoelectronic component revenue that is LED is expected to fall to 75 per cent, as new emerging growth opportunities exist in the market for other components.’
‘In the optical isolation market, revenue in the high performance optocoupler market to increase from $543 million in 2013 to $677 million by 2018, with particularly high growth expected in the gate driver market. New emerging applications areas such as Hybrid and Electric Vehicles (HEV), PV inverters and smart meters are driving this market growth. Although these applications currently only make up a relatively small proportion of the total high performance optocoupler market, with compound annual growth rates of up to 10 to 20 per cent from 2013 to 2018 they have attracted a number of existing suppliers of optocouplers to participate in the market,’ the report continues.
In 2013, mobile telecommunications dominated the lighting and sensor market, according to the report: 'Mobile telecommunications account for over 99 per cent of the total integrated ambient light and proximity sensor market. From 2014 onwards there will also be a new emerging application in gesture control for tablets, with revenues rising from near zero in 2013 to $244 million in 2018.’
‘If optoelectronic component manufacturers can gain an early share in these high growth areas, there is potential for significant gains over the coming years,' the report concludes.