Optoelectronic Transistor Market Size & Share, by Type (Tank Enclosed, Resin Enclosed); Application (Circuit Coupling, Optical Sensors) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4013
  • Published Date: Apr 25, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Optoelectronic Transistor Market size is expected to surpass USD 22 Billion by the end of 2035 by growing at a CAGR of 20% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of the optoelectronic transistor was over USD 7 Billion. The growth of the market can be attributed to the increasing demand for smartphones and laptops. A variety of optoelectronics components, including transistors, are essential for the operation of computers and smartphones. Therefore, the demand for optoelectronic transistors rises as a result of the rising demand for these devices. According to statistics, in 2022, there were over 7 billion mobile subscribers worldwide. By 2025 it is predicted that the total number of mobile users is anticipated to reach around 8 billion.

In addition to these, factors that are believed to fuel the market growth of optoelectronic transistors include the rise in technological advancements. For instance, technology for optoelectronic devices has advanced significantly, owing to the creation of novel materials and fabrication methods. As a result, optoelectronic transistors are now being produced that are more effective and potent.


Optoelectronic Transistor Market
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Optoelectronic Transistor Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Shift towards Renewable Energy– The adoption of optoelectronic components in the solar sector is being driven by the transition towards renewable energy sources, which as a result is estimated to drive market growth. In 2020, renewable energy now accounted for over 15% of the electrical generation in the US.
  • Rising Adoption of the Internet of Things (IoT) – The growing popularity of the IoT is anticipated to increase the demand for optoelectronics components since they are being widely used in a variety of applications, such as smart home appliances, wearable technology, and industrial automation. By 2025, there will be over 38 billion Internet of Things (IoT)-connected gadgets globally.
  • Increasing Automotive Industry – As electric vehicles become more popular, the demand for optoelectronics transistors in battery management systems and charging stations is expected to increase. By 2026, the automobile industry in India is anticipated to generate over USD 250 billion.
  • Growing Prevalence of Chronic Diseases – It is expected that patients with chronic illnesses, including gastroesophageal reflux disease, celiac disease, or cancer, are anticipated drive the market growth. More than 27% of US people had several chronic illnesses in 2018.

Challenges

  • Exorbitant Cost of Optoelectronic Transistors- The high cost associated with optoelectronic transistors, is one of the major factors predicted to slow down the market growth. For instance, transistors made of optoelectronics frequently require sophisticated fabrication processes and materials, which might increase their cost relative to conventional electronic components. This may restrict their use in applications where cost is an issue.
  • Lack of Standardization
  • Highly Sensitive to Environmental Factors such as Temperature, Humidity, and Vibration

Optoelectronic Transistor Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~20%

Base Year Market Size (2022)

~ USD 7 Billion

Forecast Year Market Size (2035)

~ USD 22 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Optoelectronic Transistor Segmentation

Type (Tank Enclosed, Resin Enclosed)

The market  is segmented and analyzed for demand and supply by type into tank enclosed, resin enclosed, and others. Out of the three types of optoelectronic transistors, the resin-enclosed segment is estimated to gain the largest market share in the year 2035. The growth of the segment can be attributed to the growing demand for electronics across the globe. Owing to the rising demand for electrical devices across every industry in the world is anticipated to drive market growth. For instance, resin is widely employed to insulate electrical and electronic parts. Thus, the market will continue to rise in the coming years as more people throughout the world use electronic products where resin is often used. According to data, Indian domestic electronics production increased from over USD 65 billion in 2021.

Application (Circuit Coupling, Optical Sensors)

The global optoelectronic transistor market is also segmented and analyzed for demand and supply by application into circuit coupling, optical sensors, and others. Amongst these three segments, the optical sensors segment is expected to garner a significant share in the year 2035. In a variety of applications, such as medical devices, automotive systems, and environmental monitoring, optical sensors are being employed more and more. The need for high-performance optoelectronic transistors rises as these sensors become more complex. Besides this, in the creation of optical sensors, optoelectronic transistors are becoming more and more significant. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments:

          By Type

  • Tank Enclosed
  • Resin Enclosed
  • Others

          By Application

  • Circuit Coupling
  • Optical Sensors
  • Others

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Optoelectronic Transistor Industry - Regional Synopsis

The market share of optoelectronic transistor in North America, amongst the market in all the other regions, is projected to hold the largest share by the end of 2035. The growth of the market can be attributed majorly to the growing adoption of optical fibers across a variety of businesses in developed nations. The need for optoelectronic transistors is projected to increase as optical fibers become more widely used in the region. For instance, optical fibers, which are often constructed of glass or plastic fibers that use light to transport data, are essential elements in the design of optical communication systems. They are used for high-speed data transmission over large distances. Further, the growing demand for optoelectronic transistors in the production of electrical industrial machinery and medical equipment in the region, along with the surging adoption of LED lights, is also anticipated to contribute to the market growth in the region.  In North America, the adoption rate of fiber optic connections in a variety of end-use applications is over 8 %, and it is anticipated to rise by 2025.

APAC Market Statistics

The Asian Pacific optoelectronic transistor industry is estimated to hold the second largest, registering a share by the end of 2035. The growth of the market can be attributed majorly to the increasing need for optoelectronics-based products. The market for optoelectronic transistors is probably going to increase since there is a greater requirement for products based on optoelectronics in the region. For instance, in many products based on optoelectronics, optoelectronic transistors play a crucial role. For optical communication systems, optical sensing devices, and other optoelectronics-based products to operate properly, they are utilized to amplify and detect optical signals. Moreover, with the presence of nations such as China, Japan, and South Korea being prominent players in the industry, the Asia Pacific region is known to be a crucial market for products based on optoelectronics. Further, the growing advancements in technology, such as the development of 5G networks, and the Internet of Things (IoT), are also anticipated to contribute to the market growth in the region. In addition, the region's expanding electronic industry is also anticipated to boost the market growth during the forecast period.

Europe Market Forecast

Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed majorly to the increasing optoelectronics industry. Owing to the rising demand for energy-efficient lighting, displays, and sensors in the region, the optoelectronics sector is expanding quickly. For instance, the demand for these devices in the area may be fueled as optoelectronic transistors are a necessary component of these devices. Further, the growing investment by the government in research and development in the region, along with the increasing technological advancements, are also anticipated to contribute to the market growth in the region.

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Optoelectronic Transistor Market Size
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Companies Dominating the Optoelectronic Transistor Landscape

top-features-companies

    Osram Licht AG

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
    • Honeywell International Inc.
    • KODENSHI Corporation
    • Cypress Semiconductor Corporation
    • Diodes Incorporated
    • STMicroelectronics
    • Infineon Technologies AG
    • Renesas Electronics Corporation
    • SHARP Fukuyama Semiconductor Co., Ltd.
    • Vishay Intertechnology Inc.

In-the-news

In The News

  • April 2020: Infineon Technologies AG acquired Cypress Semiconductor Corporation, to provide clients with the most complete portfolio available on the market for bridging the physical and digital worlds and influencing digitalization.
  • July 2022: Diodes Incorporated launched a new transistor array The DIODES ULN62003A, which is capable of driving a wide range of loads, including solenoids, relays, DC motors, and LED displays. Further, the product can be used in air conditioners, microwaves, dryers, and washing machines.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4013
  • Published Date: Apr 25, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Growing shift towards renewable energy and the rising adoption of Internet of Things (IoT) are the major factors driving the market growth.

The market size of optoelectronic transistor is anticipated to attain a CAGR of 20% over the forecast period, i.e., 2023-2035.

Exorbitant cost of optoelectronic transistors and the lack of standardization are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Honeywell International Inc., KODENSHI Corporation, Cypress Semiconductor Corporation, Diodes Incorporated, STMicroelectronics, Infineon Technologies AG, and Renesas Electronics Corporation, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, application, and by region.

The resin enclosed segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Optoelectronic Transistor Market Report Scope
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