DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m294v2/breakthrough) has announced the addition of the "Breakthrough Innovations in Optoelectronics (Technical Insights)" report to their offering.
The research service profiles key breakthrough innovations in optoelectronics that have the potential to highly impact product functionality and/or reduce cost of components. Along with that, the report also covers a basic overview of optoelectronics, key application areas, drivers and challenges, innovation indicators (Funding and IP scenario), and insights on impact on megatrends and potential technology convergence opportunities.
Optoelectronics (which involves components that detect, source, or control visible or invisible light for transmitting and receiving data) has been widely adopted in various applications such as automation, imaging, consumer electronics. security and surveillance. The technology is expected to grow in automotive applications. Optoelectronics devices enabled by different materials are making inroads into this sector and are expected to be adopted on a large scale.
The patent landscape is dominated by Samsung, Corning Optical Communication LLC followed by Lockheed Martin Corporation. Companies are building a strong IP portfolio with patents related to advancements in optoelectronics technologies. This is seen as one of the strategies employed by the companies to maintain their competitive edge.
Government support programs play an important role in funding the research and development activities of the various innovations in optoelectronics. Currently, funding is mainly focused on developing this technology to meet the growing needs of customers and making devices more feasible for integration into various consumer products.
Optoelectronics has been implemented in a large number of products in the consumer electronics market. In the electronics arena, there has been prolific adoption of image and infrared sensing. Cross industrial adoption of this technology is also expanding.
In building automation, there has been an increase in the demand for lighting. Optoelectronics is seen as a solution to address these growing user needs. This technology has the potential to open up or expand the industrial, automotive, commercial, and healthcare sectors, where it could be adopted on a large scale.
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