Opto Semiconductors Market (Updated Version Available)

Opto Semiconductors Market Size, Share & Trends Analysis, By Product (LEDs, Image Sensors, Infrared Emitters and Detectors, Laser Diodes, Optocouplers, and others), Material (Silicon, Gallium Arsenide, Indium Gallium Arsenide, and Gallium Nitride), End-Use (Residential, Commercial, and Industrial), By Region, Forecast Period 2023 – 2030

Report ID : RI_673737 | Date : February 2023 | Format : ms word ms Excel PPT PDF

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data

Key Market Overview:

Opto Semiconductors market is estimated to reach over 112.98 USD Billion by 2030 from a value of 48.19 USD Billion in 2022, growing at a CAGR of 11.80% from 2023 to 2030.

Opto Semiconductors are highly efficient semiconductors capable of converting electrical energy into light and vice versa, leading to low power consumption. The size of opto semiconductors is very small, making them suitable for compact and portable devices. Opto Semiconductors emit and detect light of specific wavelengths, making them suitable for specific applications such as color sensing, medical imaging, and spectroscopy.

Opto-semiconductors are essential components in data communication networks, owing to key features in providing of necessary optical signals for data transmission. The increasing demand for high-speed data transfer and communication technologies is driving the growth of the opto-semiconductor market. Moreover, the growing demand for high-speed communication devices and systems, such as 5G networks, is driving the demand for opto semiconductors in various end-use industries. Increasing use of sensors in automotive, industrial, and medical industries is expected to accelerate the growth of the opto semiconductors market. In addition to this, consumers’ shift towards technologically advanced gadgets such as smartphones, laptops, and smart home devices is further boosting the demand for opto semiconductors.

Opto Semiconductors Market Report Coverage:

Report Attributes

Report Details

Study Timeline


Market Size in 2030 (USD Billion)

112.98 USD Billion

CAGR (2023-2030)


By Product

LEDs, Image Sensors, Infrared Emitters and Detectors, Laser Diodes, Optocouplers

By Material

Silicon, Gallium Arsenide, Indium Gallium Arsenide, and Gallium Nitride

By End-Use

Residential, Commercial and Industrial

By Geography

Asia-Pacific, Europe, North America, South America, Middle East & Africa

Key Players

Nichia, Osram, Samsung, Lumileds, Cree, Seoul Semiconductor, Everlight, LG Innoteck, Epister, Liteon, Avago, Vishay, Fairchild, Renesas Electronics

Market Dynamics:


The growth of the automotive industry, including the development of autonomous vehicles, is driving the demand for opto semiconductors for use in sensors and lighting systems. Opto semiconductors are used in various sensors, such as proximity sensors, light detection and ranging (LiDAR) sensors, and ambient light sensors for safety and comfort applications in automotive vehicles. Moreover, the increasing application of laser diodes in medical such as surgical procedures and diagnostic imaging, is driving the demand for opto semiconductors. Another factor responsible for the growth of the global market is the demand for miniaturized opto semiconductors for use in compact and portable devices, such as wearable devices and internet of things (IoT) devices.


Opto semiconductors are relatively expensive compared to traditional semiconductors, which limits their adoption in cost-sensitive applications. Furthermore, presence of alternative technologies, such as traditional semiconductors and organic light-emitting diodes (OLEDs) is affecting the growth of the opto semiconductor market.


The growing demand for smart devices and the scope of incorporating the internet of things (IoT) in the existing technologies will provide new opportunities for the growth of opto semiconductors market. Furthermore, high-speed data transfer in various applications, such as 5G communications will increase the demand for opto semiconductors providing lucrative opportunities for the growth of the market in the forecast period.

Opto Semiconductors Market Segmentation:

By Product Type

Based on the product type, the market is segmented into LEDs, image sensors, infrared emitters and detectors, laser diodes, and optocouplers. LEDs hold the major share in the opto semiconductor market due to their wide variety of applications, such as automotive lighting, general lighting, displays, and backlighting owing to high energy efficiency, long lifespan, and compact size. The market for image sensors is expected to exhibit a strong growth rate in the forecast period. Image sensors have applications such as digital cameras, machine vision, and security systems, thus driving the growth of this segment. Image sensors, including CMOS and CCD sensors, are used in cameras and LiDAR sensors for advanced driver assistance systems. Laser diodes are another important type of semiconductor that are used in printing, barcode scanning, and data storage. Furthermore, optocouplers consist of an LED and a photodiode which are further used in power electronics, medical equipment, and telecommunications.

By Material

Based on the material, the market is segmented into silicon, gallium arsenide (GaAs), indium gallium arsenide (InGaAs), gallium nitride (GaN), and others. Silicon is the most commonly used material and holds the dominant share in the market. Silicon is used in the manufacture of opto semiconductors such as photodiodes, image sensors, and solar cells. Aforementioned material is also compatible with complementary metal-oxide-semiconductor (CMOS) technology, which is widely used in the manufacturing of microchips and other electronic devices. Gallium Arsenide (GaAs) is another semiconductor material that is expected to grow in the forecast period. GaAs is used in the manufacturing of high-performance opto-semiconductors, such as laser diodes and high-power infrared emitters, due to its high electron mobility and high-frequency properties.

By End-Use

Based on the end-user, the market is segmented into residential, commercial, and industrial. The industrial segment acquired the largest share in the market. Opto-semiconductors are used in various industrial applications, such as optical communication, data storage, and sensing. LED lights, laser diodes, and photodiodes are few of the key opto-semiconductor components used in industrial purposes as are energy-efficient, long-lasting, and produce minimal heat compared to traditional lighting technologies. The residential sector is a growing end-user segment wherein semiconductors are used in various residential applications, such as lighting, home automation systems, and security systems. Therefore, LED lighting is rapidly gaining popularity in the residential sector.

By Region

The Asia-Pacific region is the largest market for opto semiconductors, driven by the presence of major players such as Hitachi High-Tech in this region. Growing demand from various end-use industries and increasing investments in the opto semiconductor industry is further driving the growth of the regional market. The growth of the opto semiconductor market in Asia-Pacific is driven by factors such as the increasing demand for energy-efficient and growing trend towards automation and digitalization across industries such as consumer electronics, automotive, and others. In addition, the growing economies in the region, such as China and India, are also contributing to the growth of opto semiconductor market.

The European Market is expected to grow with fastest CAGR in the forecast period owing to the presence of leading technological companies and research institutions which are at the forefront of opto-semiconductor research and development. Thus, aforementioned factors are driving the growth of the market due to new and innovative opto-semiconductor products being developed and commercialized. For instance, in January 2021, OSRAM a German company introduced DALI sensors and couplers that can be integrated in lighting and building management system.

Opto Semiconductors Market Competitive Landscape:

Stakeholders have the opportunity to evaluate parameters such as SWOT analysis, merger acquisitions, and business strategies. Thus, the nature of the global market is primarily competitive or high due to the presence of large numbers of market industry players. Following are the prominent market players that consist of the latest market concentration in market circumstances.

  • Nichia
  • Osram
  • Samsung
  • Lumileds
  • Cree
  • Seoul Semiconductor
  • Everlight
  • LG Innoteck
  • Epister
  • Liteon
  • Avago
  • Vishay
  • Fairchild
  • Renesas Electronics

Recent Developments

  • In January 2021, ROHM Co. Ltd., a Japan-based company launched its new ultra-compact, infrared LED called CSL1501RW.
  • In October 2020, ON Semiconductor launched AR0234CS, CMOS image sensor featuring global shutter technology.
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