Optoelectronics semiconductors have wide applications in various products ranging from jet visors to data and audio communications devices. Most renowned applications include use of optoelectronics in plasma screens, optical storage devices (such as CDs and DVDs), laser printers, scanners and digital cameras. With rapidly surging demand for such products, the sales of optoelectronics semiconductors have escalated significantly over the past few years.
According to our new research report, “Semiconductor Industry Forecast to 2012”, the global market for optoelectronics semiconductors was estimated to reach between US$ 17.5 Billion and US$ 18 Billion in 2008, an increase of around 13%-15% over the previous year. This strong growth in sales of optoelectronics semiconductors is attributed to the growing demand for plasma TVs, CDs and DVDs, and digital cameras in the emerging markets of Asia.
As the demand for optoelectronics semiconductor devices continue to fall in countries like the US, the UK and Japan, manufacturers have started eyeing on the emerging markets such as China and India. These countries represent enormous growth prospects for optoelectronics semiconductor industry with potentially high demand for such products, says a Senior Research Analyst at RNCOS.
In wake of growing demand for optoelectronics semiconductor devices, we projects that the global optoelectronics semiconductors market will grow at a CAGR of 9.6% during 2009-2012. Besides, the report also covers other semiconductor segments such as integrated circuit (IC), sensors and discrete semiconductors which are anticipated to grow at a CAGR of more than 8%, 7% and 5% respectively during the forecast period.
“Semiconductor Industry Forecast to 2012”, provides exhaustive information comprising qualitative research and in-depth analysis on the global semiconductor market. It also gives insight into the current semiconductor market scenario across the world. The report provides clients an overview on the future outlook of semiconductor market at global as well as country level. Various countries covered in the research include: the US, the UK, Germany, France, Korea, Japan, Taiwan, China, India, Singapore and Russia.
The research report also offers thorough information on various potential applications of semiconductors across the world, including computers, mobile phones, WiMAX terminals, GPS chipsets, etc.
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About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.
