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Analysis Finds Strong Optoelectronics Market

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One of the strongest years in the past decade for the optoelectronics market was 2004, according to a report from the Optoelectronics Industry Development Association. Market analysis revealed that the total revenue for optoelectronic components and enabled products reached $236 billion, an increase of 39 percent over 2003. It showed strong growth in optoelectronic applications, including the optical communications business, which grew by 10 percent, the computing sector, by 31 percent, and the consumer/entertainment segment, by 72 percent. The area of optoelectronic components, including...Read full article

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    Published: October 2005
    Glossary
    optical communications
    The transmission and reception of information by optical devices and sensors.
    optoelectronics
    Optoelectronics is a branch of electronics that focuses on the study and application of devices and systems that use light and its interactions with different materials. The term "optoelectronics" is a combination of "optics" and "electronics," reflecting the interdisciplinary nature of this field. Optoelectronic devices convert electrical signals into optical signals or vice versa, making them crucial in various technologies. Some key components and applications of optoelectronics include: ...
    BusinessCommunicationscomponentsConsumerimaging array sensor applicationlight speedoptical communicationsoptoelectronicsSensors & Detectors

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