Rising demand for global optoelectronic products strong growth in automotive applications

The global market for optoelectronic products is growing strongly. More and more applications are designed to use optical emission and light detection products, the global market size has reached $17 billion in 2013 will reach $31 billion.

The DVD system and the digital camera is still using photoelectric products more areas, but at present most closely optoelectronic products in the application of the most innovative design is the automotive, medical electronics and lights and photoelectric products is not the category of contact.

Automotive applications continue to grow

LED has been widely used in the automotive market, and with the continuous development of technology, external lighting will become the mainstream application of LED. LED low power consumption, long service life, it is the advantage of the application of the design of the incentive to continue to improve the technology to a new level, and to provide a lower cost of products and better component solutions. Mainly used in mobile phones and digital camera image sensor also began to enter the automotive field, can achieve more security features, such as lane departure warning system and rear / blind area auxiliary system.

In the rapidly growing medical electronics market, optoelectronic products have begun to be used in the fields of oncology, endoscopy and medical imaging. At the same time, as the core part of the medical laser is also rapidly advancing the progress of cosmetic surgery and dermatology.

LED lighting will continue to grow in many areas of the market, backlight demand for LED is still strong. In addition, the use of LED instead of traditional lighting sources show a substantial increase in business opportunities, and enhance the performance of white LED to promote the development of this alternative trend.

Future forecast

According to Databeans forecast, in the field of optoelectronic products, lighting and other consumer applications in the next 5 years the fastest growth, the global compound annual growth rate of up to 14%. Second, the medical market is expected to grow at 13%, followed by a car of 12%. As the demand for mobile phone image sensor has always been strong, the field of communication will continue to be one of the main forces to promote the overall growth of the market.

Source: a lot of