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Review and Forecast of Global Optoelectronics Markets

November 27, 2007

Research report forecasts strong growth in both optoelectronic-enabled products and components, mostly driven by increased adoption of display-based devices such as LCD TVs and camera phones.


DUBLIN, Ireland--(BUSINESS WIRE)--Research and Markets has announced the addition of 2006 Global Optoelectronics Industry Market Report and Forecast to their offering.

Annual review and forecast of global optoelectronics markets
The optoelectronics market for 2005 is reviewed in this report. Total optoelectronics components and enabled products grew 20% in 2005 to $364 billion, from $304 billion in 2004. Components grew 17% in 2005 to $104 billion, from $89 billion in 2004. When flat panel displays are excluded as components, components grew 10% in 2005 to $30 billion, from $27 billion in the previous year. Enabled products grew 21% to $260 billion in 2005, from $215 billion in 2004.

The driving engine for these numbers has again been the successful penetration of display-based products and technologies into both the consumer and computer markets, as it was in 2004. The products with the strongest growth were liquid crystal display (LCD) TVs (79%) and camera phones/personal digital assistants (PDA) (41%). Within the components segment, much of the growth has been driven by solar cells (24%), display modules (20%), and sources and detectors (10%). The sources and detectors segment includes optoelectronics components with strong growth rates such as image sensors (26%), nondiode lasers (9%), and diode lasers (6%). All segments exhibited growth in 2005 except optical storage media, which declined (3%) due to strong competition.

There was also strong growth in 2005 in each of the three application segments for optoelectronics. The optical communications business grew to $26 billion in 2005, up 14% from $23 billion in 2004. Computing grew 9% in 2005 to $195 billion from $179 billion in 2004. Consumer/entertainment grew to $144 billion in 2005, up 40% from $103 billion in 2004. These segments, representing the optoelectronics market segmented by application, totaled $364 billion in 2005.

Optoelectronics technology has demonstrated remarkable flexibility in influencing new applications. Examples from 2005 include:

  • The development of flat panel displays that are used in computers and television achieved $74 billion in 2005 growing nearly 20% over 2004, and is a good indicator that this is indeed a vibrant application. The use of small displays in mobile handheld devices has grown quickly and has opened up new opportunities.

     

  • The development of high-brightness light emitting diodes (HB LED) is expected to provide new market opportunities in large signs, signals, general illumination, and in the automotive segment for both passenger and industrial vehicles. The use of HB LEDs for backlighting displays, especially small displays for handhelds, is growing quickly.

     

  • The imaging array sensor has enabled digital cameras and the technology is placing strong pressure on the traditional photography industry. The camera phone is one area that grew quickly in 2005 and is providing an opportunity to leverage digital technology in different applications. As cameras in mobile phones are becoming popular, the use of white HB LEDs for camera flash to replace filament flash expected to become the norm in 2006.

     

  • Diode lasers were historically designed for optical communications. With the growth in diode laser-based optical storage, however, product revenue has now exceeded those for the more expensive communications lasers. Advances in optical disk technology with blue diode lasers are expected to fuel the growth of DVD players. Optical storage pricing for standard compact disc (CD) and digital versatile disc (DVD) lasers suffered in 2005 and affected revenue growth.

Optoelectronics is quickly penetrating a number of products across many markets, with a trend toward convergence. Optoelectronics technologies are utilized in products that span communications, computing, and consumer/entertainment. A significant enabler driving convergence is the LCD flat panel display, which is today found not only in notebook personal computers (PC), but also in televisions, mobile cellular phones, PDAs, and desktop monitors.

A number of specific types of applications that are particularly dependent upon optoelectronics have strong potential for market growth in 2006. These include the Internet and computing, cellular telephony, wireline telecommunications, and emerging applications such as games, healthcare, and sensors.

In summary, the optoelectronics market in 2005 was again vibrant, with almost all categories, applications, and technologies demonstrating solid revenue progress over 2004. It is expected that a similar performance in the market will continue in 2006 and beyond.


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