How big is the IT & Telecom Optoelectronics Market?

The IT & Telecom Optoelectronics Market size is expected to reach USD 6.80 billion in 2024 and grow at a CAGR of 4.40% to reach USD 8.44 billion by 2029. Read More

What is the current IT & Telecom Optoelectronics Market size?

In 2024, the IT & Telecom Optoelectronics Market size is expected to reach USD 6.80 billion. Read More

Who are the key players in IT & Telecom Optoelectronics Market?

Sony Corporation, Vishay Intertechnology Inc., Omnivision Technologies Inc., Samsung Electronics and SK Hynix Inc. are the major companies operating in the IT & Telecom Optoelectronics Market. Read More

What years does this IT & Telecom Optoelectronics Market cover, and what was the market size in 2023?

In 2023, the IT & Telecom Optoelectronics Market size was estimated at USD 6.50 billion. The report covers the IT & Telecom Optoelectronics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the IT & Telecom Optoelectronics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

IT & Telecom Optoelectronics Market Share

Statistics for the 2023 & 2024 IT & Telecom Optoelectronics market share, created by Mordor Intelligence™ Industry Reports. IT & Telecom Optoelectronics share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of IT & Telecom Optoelectronics Industry

The IT & telecom optoelectronics market is fragmented and features key players like Vishay Intertechnology Inc., Omnivision Technologies Inc., Samsung Electronics, SK Hynix Inc., and Sony Corporation. Market participants strategically leverage partnerships and acquisitions to bolster their product portfolios and establish a sustainable competitive edge.

July 2024: Marktech Optoelectronics, a frontrunner in optoelectronic solutions, unveiled its cutting-edge creation, silicon carbide (SiC) photodiodes, tailored for deep UVC sensing. These photodiodes boast solar-blind features, ideal for tracking far or deep UVC LEDs emitting at 235 nm and 255 nm.
July 2024: Standard Energy was expected to launch its new 3 GW smart factory in Thailand, with its photovoltaic (PV) cell production line slated to start operations. This facility's construction at the LK Rayong Industrial City Hub, valued at over USD 100 million, started in 2023. This expansion aims to bolster the production capacity for both 3 GW of silicon wafers and 3 GW of PV cells. As the project progressed, the focus shifted to the installation of equipment. After the PV cell line's inauguration, the company plans to transition to activating the N-type silicon wafer production line, with the target set for September 2024.