Optoelectronics Market - Forecast (2021 - 2026)
The development of the telecommunication industry is quite evident with the fact that the number of mobile Internet users is projected to catapult at a remarkable rate with 1.75 billion new users over the next eight years and the figure will reach a milestone of 5 billion mobile Internet users by 2025.[1] Optoelectronics is playing a vital role in developing telecommunication networks, and the devices are leveraged to lower the cost of high-speed network termination equipment. Furthermore, the future foresees an augmented application of optoelectronic devices in the telecommunication industry, which will create abundant opportunities in the optoelectronics market . The global optoelectronics market size has ballooned to $3.56 billion as of 2018. Additionally, the demand for optoelectronic devices in various sectors is estimated to observe a healthy compound annual growth rate (CAGR) of 16.59% during the forecast period of 2019 to 2025. Request Sample North America boasts of the most a...