Optoelectronics Market to be Worth $600 Billion by 2010, According to New Report by Global Industry Analysts, Inc.

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The global optoelectronics market is expected to register rapid growth in the coming years. Expanding scope of applications of optoelectronics in several entertainment and consumer product areas such as medical, automotive, illumination signals, signs and devices, and mobile appliances is expected to be the major drivers of this growth. Further, the optoelectronics market is expected to witness merger of applications with the strong foray of flat panel displays into new market segments, in addition to the rapid substitution of cathode ray television. The portable feature is likely to gain significance with personal computers shrinking in size with very small projection displays and virtual keyboards.

Optoelectronics: A Global Strategic Business Report

With safety and convenience ruling the design of modern vehicles, the automobile industry is increasingly leaning onto optoelectronics for solutions. The global optoelectronics market is expected to be worth $600 billion by 2010. A wide range of optoelectronic devices are finding their way into automobiles to provide safety, convenience and ease to the driver. An apt example is optoelectronics enabled adaptive cruise control system, an intelligent automobile technology designed to manipulate the speed of the vehicle by detecting approaching traffic, and its proximity to the vehicle in question. This technology is expected to be ingrained into all of the next generation cars. Optoelectronic devices are also utilized in HID headlamps, liquid crystal display for speedometer, tachometer, navigation, audio system, and climate controls, and infrared eye-sensors to automatically adjust seat position of an individual in seconds. Moreover LEDs, based on optoelectronics are being utilized for interior and rear lighting in automobiles, and would eventually be used in automotive headlamps.

On the horizon appears a steep rising demand for optical components, vast scope for expansion of production activities and lucrative corporate profit margins. Expanded functionality of fiber optics, hitherto predominantly utilized only for transmission is likely to kindle the need for optical components. Global optical components market is portended to feature a lucrative CAGR of over 14% for the period 2000-2010, reaching $260 billion by 2010. Global optical disk equipment market and optical input-output equipment market represent the two major segments within the optical equipment and systems market. Market for optical disk equipment is expected to grow at a compounded annual rate of 10.6% for the period 2000-2010.

Telecommunications and consumer products have been determining the technological and business success in the Japanese optoelectronics market, which has played a key role in optical communications. With focus on large-scale, low-cost production, Japan has been able to gain leadership positions in products such as optoelectronic displays, fiber-optic gyros, and compact disk players. Japan is likely to maintain its leadership position in optoelectronics market. Japan represents the world's largest market for optoelectronics, garnering about a third of the global share. Japanese optoelectronics market is expected to grow at a compounded annual rate of about 10% through the period 2000-2010. Optoelectronics market in the US is estimated at about US$102 billion.

Major players in the marketplace include Advanced Medical Optics (AMO) Inc., Agilent Technologies Inc., Alcatel-Lucent SA, Alcatel Shanghai Bell, Avago Technologies Limited, Ciena Corporation, Coherent, Inc., Corning Incorporated, Fairchild Semiconductor International, Inc., FCI, II-VI Incorporated, JDS Uniphase Corporation, Keyence Corp., Lite-On Technology Corporation, NEC Corp., Nortel Networks Co., LTD., Optokon Co., Ltd., OSRAM Opto Semiconductors GmbH, Planar Systems Inc., Rohm Company Limited, Sharp Corporation, Sony Corporation, Synrad Inc., Tellabs Inc., Texas Instruments Inc., Toshiba America Electronic Components, Inc., Vishay Intertechnology, Inc., and Yangtze Optical Fibre and Cable Company Ltd.

"Optoelectronics: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product profile, recent developments, mergers, acquisitions, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, Europe and Asia-Pacific. Analytics for the period 2000 through 2015 are provided in terms of product segments including Optical Equipment & Systems (Optical Transmission Equipment, Optical Measuring Instruments, Installation Equipment, Optical Sensing Equipment, Optical Disk Equipment, Optical Input-Output Equipment, Medical Laser Equipment, Laser Processing Equipment, Printing Process and Plate-making Equipment, and Other Optical Equipment) and Optical Components (Light Emitting Devices, Light Receiving Devices, Hybrid Optical Devices, Display Devices, Solar Cells, Optical Fibers, Optical Connectors, Optical Passive Components, and Other Optical Components).

For more details about this research report, please visit http://www.strategyr.com/Optoelectronics_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site http://www.StrategyR.com/

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