The North America Optoelectronic Components Market would witness market growth of 4.4% CAGR during the forecast period (2023-2029).
The wavelength is longer in optoelectronic components and devices. Therefore, they are affordable to produce and simple to do. These gadgets use powerful light sources. P-n junction devices, in which the carriers are produced by photons, are what make up optoelectronic junction devices. Optocouplers, LEDs, laser diodes, image sensors, photovoltaic cells, and other components are the primary categories of optoelectronics components.
Optoelectronics is utilized in LED devices such as indication lights, computer parts, watches, medical devices, switches, instrument panels, consumer electronics, home appliances, traffic signals, fiber-optic communication, and automotive brake lights. Among the various materials used are gallium nitride, gallium arsenide, gallium phosphide, silicon germanium, silicon carbide, and indium phosphide. These materials are used by end-users in the automotive, aerospace & defense, information technology, healthcare, consumer electronics, residential & commercial, industrial, and other sectors.
Automotive optoelectronic component sales are predicted to increase in the region. During the forecast period, the growing popularity of electric vehicles, the rise in sales of luxury vehicles, and increased auto production will all have an effect on market growth. The demand for laser diodes is likely to increase as electric mobility becomes more prevalent across substantial portions of North America. The use of laser diode technology in the region will likely be followed by Canada and Mexico after the United States. In addition to these, it is expected that the rising tendency of young people for high-end and luxury vehicles will create lucrative prospects.
The US market dominated the North America Optoelectronic Components Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $12,262 million by 2029. The Canada market is poised to grow at a CAGR of 6.7% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 5.8% during (2023 - 2029).
Based on Material, the market is segmented into Gallium Nitride, Gallium Arsenide & Gallium Phosphide, Silicon Carbide, Indium Phosphide, and Silicon Germanium. Based on Application, the market is segmented into Measurement, Lighting, Communication, Security & Surveillance, and Others. Based on Component, the market is segmented into Sensor, LED, and Laser Diode & Infrared Components. Based on Vertical, the market is segmented into Consumer Electronics, Telecommunication, Automotive, Military & Aerospace, Medical, Manufacturing, Commercial, Residential, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Optoelectronic Components Market is Projected to reach USD 60.9 Billion by 2029, at a CAGR of 5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hamamatsu Photonics K.K., OSRAM GmbH (AMS AG), TT electronics PLC, Vishay Intertechnology, Inc., ON Semiconductor Corporation, Cree, Inc. (SMART Global Holdings, Inc.), TRUMPF GmbH + Co. KG, Sick AG, Broadcom, Inc. and Samsung Electronics Co., Ltd. (Samsung Group).
Scope of the Study
Market Segments Covered in the Report:
By Material
- Gallium Nitride
- Gallium Arsenide & Gallium Phosphide
- Silicon Carbide
- Indium Phosphide
- Silicon Germanium
By Application
- Measurement
- Lighting
- Communication
- Security & Surveillance
- Others
By Component
- Sensor
- LED
- Laser Diode & Infrared Components
By Vertical
- Consumer Electronics
- Telecommunication
- Automotive
- Military & Aerospace
- Medical
- Manufacturing
- Commercial
- Residential
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Hamamatsu Photonics K.K.
- OSRAM GmbH (AMS AG)
- TT electronics PLC
- Vishay Intertechnology, Inc.
- ON Semiconductor Corporation
- Cree, Inc. (SMART Global Holdings, Inc.)
- TRUMPF GmbH + Co. KG
- Sick AG
- Broadcom, Inc.
- Samsung Electronics Co., Ltd. (Samsung Group)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Optoelectronic Components Market, by Material
1.4.2 North America Optoelectronic Components Market, by Application
1.4.3 North America Optoelectronic Components Market, by Component
1.4.4 North America Optoelectronic Components Market, by Vertical
1.4.5 North America Optoelectronic Components Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Recent Strategies Deployed in Optoelectronic Components Market
Chapter 4. North America Optoelectronic Components Market by Material
4.1 North America Gallium Nitride Market by Country
4.2 North America Gallium Arsenide & Gallium Phosphide Market by Country
4.3 North America Silicon Carbide Market by Country
4.4 North America Indium Phosphide Market by Country
4.5 North America Silicon Germanium Market by Country
Chapter 5. North America Optoelectronic Components Market by Application
5.1 North America Measurement Market by Country
5.2 North America Lighting Market by Country
5.3 North America Communication Market by Country
5.4 North America Security & Surveillance Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Optoelectronic Components Market by Component
6.1 North America Sensor Market by Country
6.2 North America LED Market by Country
6.3 North America Laser Diode & Infrared Components Market by Country
Chapter 7. North America Optoelectronic Components Market by Vertical
7.1 North America Consumer Electronics Market by Country
7.2 North America Telecommunication Market by Country
7.3 North America Automotive Market by Country
7.4 North America Military & Aerospace Market by Country
7.5 North America Medical Market by Country
7.6 North America Manufacturing Market by Country
7.7 North America Commercial Market by Country
7.8 North America Residential Market by Country
7.9 North America Others Market by Country
Chapter 8. North America Optoelectronic Components Market by Country
8.1 US Optoelectronic Components Market
8.1.1 US Optoelectronic Components Market by Material
8.1.2 US Optoelectronic Components Market by Application
8.1.3 US Optoelectronic Components Market by Component
8.1.4 US Optoelectronic Components Market by Vertical
8.2 Canada Optoelectronic Components Market
8.2.1 Canada Optoelectronic Components Market by Material
8.2.2 Canada Optoelectronic Components Market by Application
8.2.3 Canada Optoelectronic Components Market by Component
8.2.4 Canada Optoelectronic Components Market by Vertical
8.3 Mexico Optoelectronic Components Market
8.3.1 Mexico Optoelectronic Components Market by Material
8.3.2 Mexico Optoelectronic Components Market by Application
8.3.3 Mexico Optoelectronic Components Market by Component
8.3.4 Mexico Optoelectronic Components Market by Vertical
8.4 Rest of North America Optoelectronic Components Market
8.4.1 Rest of North America Optoelectronic Components Market by Material
8.4.2 Rest of North America Optoelectronic Components Market by Application
8.4.3 Rest of North America Optoelectronic Components Market by Component
8.4.4 Rest of North America Optoelectronic Components Market by Vertical
Chapter 9. Company Profiles
9.1 Sick AG
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 SWOT Analysis
9.2 Broadcom, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 SWOT Analysis
9.3 ON Semiconductor Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 SWOT Analysis
9.4 Samsung Electronics Co., Ltd. (Samsung Group)
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 SWOT Analysis
9.5 Hamamatsu Photonics K.K.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisition and Mergers:
9.6 OSRAM GmbH (AMS AG)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Partnerships, Collaborations, and Agreements:
9.7 TT Electronics PLC
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Regional & Segmental Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Geographical Expansions:
9.8 Vishay Intertechnology, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research and Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.9 TRUMPF SE + Co. KG
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.9.5.2 Acquisition and Mergers:
9.10. Cree, Inc. (SMART Global Holdings, Inc.)
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
TABLE 1 North America Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 2 North America Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 3 North America Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 4 North America Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 5 North America Gallium Nitride Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Gallium Nitride Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Gallium Arsenide & Gallium Phosphide Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Gallium Arsenide & Gallium Phosphide Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Silicon Carbide Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Silicon Carbide Market by Country, 2023 - 2029, USD Million
TABLE 11 North America Indium Phosphide Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Indium Phosphide Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Silicon Germanium Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Silicon Germanium Market by Country, 2023 - 2029, USD Million
TABLE 15 North America Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 16 North America Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 17 North America Measurement Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Measurement Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Lighting Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Lighting Market by Country, 2023 - 2029, USD Million
TABLE 21 North America Communication Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Communication Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Security & Surveillance Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Security & Surveillance Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 28 North America Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 29 North America Sensor Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Sensor Market by Country, 2023 - 2029, USD Million
TABLE 31 North America LED Market by Country, 2019 - 2022, USD Million
TABLE 32 North America LED Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Laser Diode & Infrared Components Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Laser Diode & Infrared Components Market by Country, 2023 - 2029, USD Million
TABLE 35 North America Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 36 North America Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 37 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Consumer Electronics Market by Country, 2023 - 2029, USD Million
TABLE 39 North America Telecommunication Market by Country, 2019 - 2022, USD Million
TABLE 40 North America Telecommunication Market by Country, 2023 - 2029, USD Million
TABLE 41 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Automotive Market by Country, 2023 - 2029, USD Million
TABLE 43 North America Military & Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 44 North America Military & Aerospace Market by Country, 2023 - 2029, USD Million
TABLE 45 North America Medical Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Medical Market by Country, 2023 - 2029, USD Million
TABLE 47 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 48 North America Manufacturing Market by Country, 2023 - 2029, USD Million
TABLE 49 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Commercial Market by Country, 2023 - 2029, USD Million
TABLE 51 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 52 North America Residential Market by Country, 2023 - 2029, USD Million
TABLE 53 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 55 North America Optoelectronic Components Market by Country, 2019 - 2022, USD Million
TABLE 56 North America Optoelectronic Components Market by Country, 2023 - 2029, USD Million
TABLE 57 US Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 58 US Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 59 US Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 60 US Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 61 US Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 62 US Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 63 US Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 64 US Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 65 US Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 66 US Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 67 Canada Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 68 Canada Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 69 Canada Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 70 Canada Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 71 Canada Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 72 Canada Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 73 Canada Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 74 Canada Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 75 Canada Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 76 Canada Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 77 Mexico Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 78 Mexico Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 79 Mexico Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 80 Mexico Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 81 Mexico Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 82 Mexico Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 83 Mexico Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 84 Mexico Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 85 Mexico Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 86 Mexico Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 87 Rest of North America Optoelectronic Components Market, 2019 - 2022, USD Million
TABLE 88 Rest of North America Optoelectronic Components Market, 2023 - 2029, USD Million
TABLE 89 Rest of North America Optoelectronic Components Market by Material, 2019 - 2022, USD Million
TABLE 90 Rest of North America Optoelectronic Components Market by Material, 2023 - 2029, USD Million
TABLE 91 Rest of North America Optoelectronic Components Market by Application, 2019 - 2022, USD Million
TABLE 92 Rest of North America Optoelectronic Components Market by Application, 2023 - 2029, USD Million
TABLE 93 Rest of North America Optoelectronic Components Market by Component, 2019 - 2022, USD Million
TABLE 94 Rest of North America Optoelectronic Components Market by Component, 2023 - 2029, USD Million
TABLE 95 Rest of North America Optoelectronic Components Market by Vertical, 2019 - 2022, USD Million
TABLE 96 Rest of North America Optoelectronic Components Market by Vertical, 2023 - 2029, USD Million
TABLE 97 Key Information – Sick AG
TABLE 98 Key Information – Broadcom, Inc.
TABLE 99 Key Information – ON Semiconductor Corporation
TABLE 100 Key Information – Samsung Electronics Co., Ltd.
TABLE 101 key information – Hamamatsu Photonics K.K.
TABLE 102 Key Information – OSRAM GmbH
TABLE 103 Key Information – TT Electronics PLC
TABLE 104 key Information – Vishay Intertechnology, Inc.
TABLE 105 Key Information – TRUMPF SE + Co. KG
TABLE 106 Key Information –Cree, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: Sick AG
FIG 3 SWOT Analysis: Broadcom, Inc.
FIG 4 SWOT Analysis: ON Semiconductor Corporation
FIG 5 SWOT Analysis: Samsung Electronics CO. Ltd.