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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Optoelectronics Market Analysis
The growing consumer electronics market, fuelled by rising disposable incomes, is driving up global demand for optoelectronics, particularly high-quality displays. Global trends of smaller consumer electronics items and more integration inside systems are projected to drive the demand of optoelectronics, ensuring the continued optoelectronics industry growth.
The growing development of autonomous vehicles is a crucial trend driving the optoelectronics market, since optoelectronics are utilized to automate many processes in automobiles, such as brake signals and headlights. Rising sales of luxury vehicles equipped with various optoelectronics which further enables the growth of the optoelectronics industry.
Optoelectronics Market Report Snapshots
Optoelectronics Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global ethylene glycol market attained a value of nearly USD 7.31 billion.
The global ethylene glycol market is assessed to grow at a CAGR of 14.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 25.31 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing sale of consumer electronics, and growing usage in automotives.
The key optoelectronics market trends include increasing focus on renewable energy sources, advancements in optoelectronics technology, rising applications in healthcare, and expansion of optoelectronics production capacities.
The leading component in the market are Image Sensors, Laser Diode, LED, Optocouplers, Photovoltaic Cells, and Others.
The significant modes of End Use of ethylene glycol in the market are Automotive, Aerospace and Defence, Consumer Electronics, Information Technology, Healthcare, and others.
The competitive landscape consists of Samsung Electronics Co., Ltd., Panasonic Corporation, Sony Corporation, ams-OSRAM International GmbH, OMNIVISION Technologies, Inc., General Electric Company, Micropac Industries, Inc., Mitsubishi Electric Corporation, Optoi Srl, Rohm Co., Ltd., and among others.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
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