OptoElectronics Market $25 billion in 5 years

The demand for opto-electronic components is going to top $25 billion in five years. The market for opto-electronic components was estimated at $9 billion in 2003. These are the findings of the third edition of the ‘Strategic Study of the Worldwide Semiconductor Optoelectronic Component Industry to 2008.’ The growth in demand for these components is going to come despite slow down in the communications related demand. The market for LEDs of all types will continue to see some of the best growth in the opto market. The annual growth rate will be 23% from a 2003 market of US$3.5 billion to US$9.9 billion by 2008.