The emergence of IoT across all applications, including electronics, software, sensors, and network connectivity, is becoming a major optoelectronics market trend.
Optoelectronics is turning out to be a critical part of several advanced technologies. Healthcare and automotive are the prominent industries that have started adopting optoelectronics in recent years.
The use of optical sensors for biosensing applications in the healthcare industry allows for monitoring the heart rate and the functioning of other vital organs in the human body. Thus, using non-intrusive, inexpensive sensors across advanced healthcare applications has led to a paradigm change in consumer wellness.
Moreover, the growing demand for automotive lighting for interior and exterior applications and head-up display units is expected to propel the demand for optoelectronic components such as LEDs and display panels.
With many other momentous innovations, the optoelectronics market is expected to grow at a CAGR of 10.25 percent by 2026 to reach $9.83 billion.
To put the spotlight on key developments in the industry, Semiconductor Review illustrates how optoelectronics is leveraging the newest tech trends and applications. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Peter McNeil, Senior Marketing Communications Manager, Infinite Electronics; Francis C. Ndi, Product Line Manager, HORIBA; and Scott D’Cruze, Global Supplier Account Manager at Newark Electronics. They shed some light on emerging strategies in the field.
In this edition of Semiconductor Review, we also bring you the stories of top optoelectronics solution providers. In the list, ESPROS Photonics stands out for serving non-captive, high-performance complementary metal-oxide semiconductor (CMOS) processes with optical frontends worldwide.
Through the following pages, we aim to shine a light on the innovative trends and latest developments in the optoelectronics space. We would like to know your thoughts.
