Optoelectronics market to be worth $600 billion by 2010, according to Global Industry Analysts report

With safety and convenience ruling the design of modern vehicles, the automobile industry is increasingly leaning onto optoelectronics for solutions. The global optoelectronics market is expected to be worth $600 billion by 2010. A wide range of optoelectronic devices are finding their way into automobiles to provide safety, convenience and ease to the driver. An apt example is optoelectronics enabled adaptive cruise control system, an intelligent automobile technology designed to manipulate the speed of the vehicle by detecting approaching traffic, and its proximity to the vehicle in question. This technology is expected to be ingrained into all of the next generation cars. Optoelectronic devices are also utilized in HID headlamps, liquid crystal display for speedometer, tachometer, navigation, audio system, and climate controls, and infrared eye-sensors to automatically adjust seat position of an individual in seconds. Moreover LEDs, based on optoelectronics are being utilized for interior and rear lighting in automobiles, and would eventually be used in automotive headlamps.

On the horizon appears a steep rising demand for optical components, vast scope for expansion of production activities and lucrative corporate profit margins. Expanded functionality of fiber optics, hitherto predominantly utilized only for transmission is likely to kindle the need for optical components. Global optical components market is portended to feature a lucrative CAGR of over 14% for the period 2000-2010, reaching $260 billion by 2010. Global optical disk equipment market and optical input-output equipment market represent the two major segments within the optical equipment and systems market. Market for optical disk equipment is expected to grow at a compounded annual rate of 10.6% for the period 2000-2010.

Telecommunications and consumer products have been determining the technological and business success in the Japanese optoelectronics market, which has played a key role in optical communications. With focus on large-scale, low-cost production, Japan has been able to gain leadership positions in products such as optoelectronic displays, fiber-optic gyros, and compact disk players. Japan is likely to maintain its leadership position in optoelectronics market. Japan represents the world's largest market for optoelectronics, garnering about a third of the global share. Japanese optoelectronics market is expected to grow at a compounded annual rate of about 10% through the period 2000-2010. Optoelectronics market in the US is estimated at about US$102 billion.

Major players in the marketplace include Advanced Medical Optics (AMO) Inc., Agilent Technologies Inc., Alcatel-Lucent SA, Alcatel Shanghai Bell, Avago Technologies Limited, Ciena Corporation, Coherent, Inc., Corning Incorporated, Fairchild Semiconductor International, Inc., FCI, II-VI Incorporated, JDS Uniphase Corporation, Keyence Corp., Lite-On Technology Corporation, NEC Corp., Nortel Networks Co., LTD., Optokon Co., Ltd., OSRAM Opto Semiconductors GmbH, Planar Systems Inc., Rohm Company Limited, Sharp Corporation, Sony Corporation, Synrad Inc., Tellabs Inc., Texas Instruments Inc., Toshiba America Electronic Components, Inc., Vishay Intertechnology, Inc., and Yangtze Optical Fibre and Cable Company Ltd.

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Global Industry Analysts, Inc.