Fri 13, Jul 2018
Report Sellers has added a new market research report “Optoelectronics - Global Market Outlook (2017-2023)” to its offerings. The report is an in-depth market study providing accurate market insights including the latest trends, forecast, competitive insights, etc.
According to the report, the Global Optoelectronics Market is expected to grow at a CAGR of 18.3% during the forecast period i.e 2016 - 2023.
Factors such as Laser transmitters for high-speed optical networks, demand for digital cameras, increase in smart phones sales, low power consumption, growing use of optoelectronic systems in automotive sector and high-capacity batteries in cars are driving the market growth. Surge for Organic LEDs (OLEDs), innovations such as plasmanic nanostructures, perovskite transistors, optically active quantum dots, microscopic light bulbs and inexpensive 3D imaging will provide opportunities for optoelectronics market. However, high cost of energy efficient displays, complex operational usage and cheaper substitute technologies will hamper market growth.
Browse through the complete description and in-depth TOC on “Optoelectronics Market”
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