OIDA says 2004 ‘one of best’ for optoelectronics
In its seventh annual market review report, the Optoelectronics Industry Development Association (OIDA) says 2004 was one of the strongest years for the optoelectronics market in the past decade.
WASHINGTON, DC - In its seventh annual market review report, the Optoelectronics Industry Development Association (OIDA) says 2004 was one of the strongest years for the optoelectronics market in the past decade. And according to OIDA, 2005 looks to bring more of the same.
OIDA research and analysis revealed that in 2004 almost all categories, applications, and technologies demonstrated growth over 2003, according to Michael Lebby, OIDA executive director, who assembled the report in conjunction with Strategies Unlimited (Mountain View, CA). Further research and a review of industry trends indicate that 2005 will yield a similar market performance.
“2004 was a very good year for optoelectronics in general, with virtually all components categories and enabled product applications showing positive growth,” Lebby said. “Display products have led the marketplace, and our initial research shows that they will continue to climb. The outlook for the optoelectronics business in 2005 continues to strengthen.”
OIDA’s 2004 Optoelectronics Market Review provides a comprehensive worldwide market analysis in optoelectronics. Expanded to include new chapters on nanotechnology, solar cells and image sensors on the technology side, and venture capital activities on the business side, this year’s report includes enhanced chapters on long wavelength transceivers, high brightness LEDs and lasers. Key findings include:
- Total optoelectronic components and optoelectronic-enabled products grew 39% in 2004 to $236 billion, from $170 billion in 2003.
- There was strong growth in each of the three application segments for optoelectronics in 2004: components, computing and consumer/entertainment.
- In 2004, the optical communications business grew by 10%, computing grew 31%, and consumer/entertainment grew 72%.
- The segment of optoelectronics components, including displays, grew 33% in 2004.
The driving engine for these numbers has been the successful penetration of display-based products and technologies into both the consumer and computer markets. In particular, the products that have seen strong growth have been LCD TVs and camera phones. Within the components segment, much of the growth has been driven by high-brightness LEDs, image sensors, modules, and flat panel displays.
A number of specific types of applications that are particularly dependent upon optoelectronics have strong potential for market growth in 2005. These include the Internet and computing; cellular telephony; wireline telecommunications; and emerging applications such as games, healthcare and sensors.
For more information or a complete copy of this year’s market report, contact David Iams at (202) 785-4426 or firstname.lastname@example.org.