2013 optoelectronic devices market will reach $31 billion, LED will become one of the angles

According to DataBeans forecasts, the world photovoltaic devices market will grow to $17 billion 400 million in 2008, while in 2007 was $15 billion 900 million. This represents a 9.3% growth rate, but DataBeans is forecast in 2008 ~2013 CAGR of 12%, the time of the electrical parts market will be $31 billion 200 million.

In the automotive market, LED (light emitting diode) is widely used in car lighting, and with the progress of science and technology, car lighting is becoming mainstream. The image sensors, which are mainly used in mobile phones and digital cameras, have been added to the vehicle to increase the security features, such as lane departure warning and blind spot assistance.

In the rapidly growing industrial market, medical electronics, optoelectronic devices are being used in oncology, endoscopy and imaging. With the rapid development of medical devices used in cosmetic surgery and Department of Dermatology, optoelectronic devices have become the key components.

LED lamps will grow in many areas. With the continuous growth of the demand for LED backlight, LED is increasingly replacing traditional light sources, while manufacturers are also constantly improving the performance of white LED.

Databeans revenue forecast global photovoltaic devices in lighting and other consumer applications in the next five years will increase at a compounded annual growth rate of 12%, this performance is 13% of the growth rate of medical electronic and automobile based on the growth rate of 12%. With the growth in demand for image sensors in mobile applications, the communications industry will continue to promote the overall growth.

Source: LEDinside