According to the market research firm Marketsand Markets research published in 2020, the global photoelectric device market forecast shows that from 2015 to 2015, photoelectric device market is expected to 9.41% compound annual growth rate (CAGR) to grow to $55.53 billion.

In 2014, the organic light emitting diode (LED) occupy the lion's share of the market, in 2020 is expected to continue to lead the market. At the same time, in the forecast period, laser diode is expected to be the highest growth rate to 12.98% growth.

The report shows, market of photoelectric device is mainly used in residential and commercial, consumer electronics, industrial, automotive, medical, telecommunications and aerospace and defense, and other fields. The market can be divided into the LED, image sensor, laser diode, photoelectric coupler, infrared (IR) components, etc. Due to its long service life, high efficiency and high durability advantages, LED is widely used in all kinds of lighting area. On the other hand, the image sensor is widely used in surveillance cameras, machine vision camera and car cameras. In addition, the laser diode has been widely used in telecommunications, measuring instruments and consumer electronics.

It is reported, by 2020, the asia-pacific region photoelectric device market is expected to 9.98% compound annual rate of growth to $22.31 billion. The market is expected to the maximum annual compound growth rate of 11.14% growth.

In addition, the main participants of the market, including the United States CREE (CREE), Germany Osram (Osram Licht AG), the United States, Vishay semiconductors (Vishay Intertechnology), various Semiconductor (ON Semiconductor) and Howe technology (OmniVision Technologies), Japan's Sony (Sony) and Sharp (Sharp), Samsung (Samsung Electronics) and royal Dutch Philips (Koninklijke Philips n.v), etc.