Optoelectronics Market Size , Share , Analysis and Forecasts To 2021
Market Research Analysts forecast global optoelectronics market to grow at a CAGR of 16.84 % during the period 2017-2021 .
According to the report , one of the major drivers for this market is growing adoption of LED for lighting due to government subsidies and projects undertaken . The governments of many countries are promoting the use of LED lamps by providing subsidies to the manufacturers as well as starting projects such as street lighting , which are promoting the use of LED lights .
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Further , the report states that one of the biggest growth opportunities for the communication service providers is the multi-dwelling units ( MDU ) category in the housing file , though there has been a different mechanism designed for fiber deployment based on the geography and earth stratum . However , one of the biggest challenges in the market is the deployment of fiber optics , especially in the existing apartments and condominiums .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
About Optoelectronics
Optoelectronics is the study of combined technology of electronic device and light . It is a sub-field of photonics . The study includes visible light as well as X-rays , gamma rays , ultra-violet ( UV ) rays , and infrared ( IR ) rays . Optoelectronic devices act as optical-to-electrical or electrical-to-optical transducers . LED , image sensors , optical switches , laser diodes , and optical isolators are some of the optoelectronics
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Covered in this report
The report covers the present scenario and the growth prospects of the global optoelectronics market for 2017-2021 . To calculate the market size , the report considers the revenue generated from shipment of various optoelectronics used for various applications .
The market is divided into the following segments based on geography :