WASHINGTON, USA: Newly released data from the Optoelectronics Industry Development Association (OIDA) shows that the US market share for optoelectronics remained steady at 10.3 percent in 2008. Michael Lebby, CEO and President, noted that the United States remained in 4th place behind Japan (30.5 percent), Taiwan (22.4 percent), and South Korea (17.5 percent).
OIDA is monitoring the impact of China, where the majority of OIDA members are manufacturing their products. China is currently in 5th place, with 7.5 percent market share, and is forecasted to surpass the US in 2014.
“We see that Asia dominated the optoelectronics industry in 2008, with over 80 percent of the market share,” Lebby said. “This figure is expected to climb to 82 percent, or over $400 billion, by 2020.”
“These numbers represent a huge challenge for the US optoelectronics industry as increasingly more products utilize optoelectronics in their design and function,” Lebby added.
“The most exciting segment of the US optoelectronics industry is still the optical fiber communications segment, which the US led with a market share of 34 percent, or $7.5 billion, in 2008.”
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