Published:
OIDA Releases Regional Market Data for the U.S. and Global Optoelectronics Industry
WASHINGTON - (BUSINESS WIRE) - Newly released data from the Optoelectronics Industry Development
Association (OIDA) shows that the U.S. market share for optoelectronics
remained steady at 10.3% in 2008. Michael Lebby, CEO and President,
noted that the United States remained in 4th place behind
Japan (30.5%), Taiwan (22.4%), and South Korea (17.5%).
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% market share, and is forecasted to surpass the U.S. in
2014. "We see that Asia dominated the optoelectronics industry in 2008,
with over 80% of the market share," Lebby said. "This figure is expected
to climb to 82%, or over $400 billion, by 2020."
"These numbers represent a huge challenge for the U.S. optoelectronics
industry as increasingly more products utilize optoelectronics in their
design and function," Lebby added. "The most exciting segment of the
U.S. optoelectronics industry is still the optical fiber communications
segment, which the U.S. led with a market share of 34%, or $7.5 billion,
in 2008."
About OIDA
OIDA is a Washington DC-based, non-profit association that promotes
optoelectronics. OIDA members include the leading providers of
optoelectronic components and systems enabled by optoelectronics, as
well as universities and research institutions. OIDA serves as the voice
of industry to government and academia, acts as liaison with other
industry associations worldwide, and provides a network for the exchange
of ideas and information within the optoelectronics community. Learn
more about OIDA at www.oida.org.
OIDA
David Iams, 202-785-4426
Communications Director
iams@oida.org
Copyright © 2009, Business Wire, Inc., All rights reserved.
Copyright © 2009, NewsBlaze,
Daily NewsTags: Business wire, High Tech, district of columbia, PDAs, Printers, Computer, Hardware, VOIP, Phones and Telecommunications
Search News
Daily News
