2013 photovoltaic devices market will reach $31 billion

According to the electronic engineering world website reported that the global photovoltaic market is strong growth, more and more application design is using photoluminescence and optical detection of products of these light, resulting in the current global market for $17 billion in optoelectronic devices, has achieved the development potential of $31 billion in 2013. We are familiar with optoelectronic devices Market: DVD systems and digital cameras. But in addition to these hot applications, and some are not "xianshanlushui" applications, such as automotive, medical equipment and lighting etc..

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, the car is also becoming mainstream lighting. Mainly used in mobile phones and digital cameras, image sensors have also entered the vehicle, to increase its security features, such as lane departure warning and blind spots in the rearview mirror 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 lasers 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 increasing demand for image sensors in mobile applications, the communications industry will continue to promote the overall growth.

Source: Electronic Engineering World Network