Categories
Electronic Components Technology

Optoelectronics

Intro

Optoelectronic devices are products relating to the detection or creation of light. Chances are you deal with optoelectronics quite often, whether it’s in the form of LEDs in remote controls, solar panels, or fibre optic broadband.

Optoelectronic devices

A lot of markets utilise optoelectronics, namely military, consumer and industrial.

Laser radars, optical sonar systems, night vision equipment that uses infrared are all integral applications of optoelectronics for the military. There is also optoelectronics tech utilised for communication systems, both in military and consumer products.

Optoelectronics all work on the principle of the photovoltaic effect. This is when electrons are ejected from the material, creating electrical signals. This can also work the opposite way when components can use electricity to generate light.

It can only detect or emit certain waves of electromagnetic radiation, usually either visible light or near-infrared (NIR).

Advantages

The utilisation of optoelectronic components in the satellite industry has meant advancement in design. Satellite-to-satellite communication could one day happen with lasers. Solar cells also convert solar energy into electrical power, which could be the power source for large satellites one day.

Optoelectronics is already integral to the communications industry. Optical fibre communication systems is sometimes called one of the “greatest engineering achievements of the past century”. Need I say more? Well, I will. Optoelectronics was at the root of both high-quality voice communication and the internet. If that doesn’t prove how advantageous it is I, don’t know what will.

Disadvantages

Optoelectronics are temperature sensitive. As a result, at extreme temperatures components and circuits are at risk of damage. For applications including CMOS sensors, digital light processors and optical transceivers, a thermoelectric cooler has to be implemented.

Precise alignment is needed for coupling, too, as well as the difficulties that come with integrating optoelectronic devices on a substrate. All of these are potential deterrents from using the devices.

Market predictions

In 2020 the market was valued at $5.14 billion, increasing to $9.83 billion by 2026 at a 10.25% CAGR.

The surge is, in part, predicted due to the increase in electric vehicles (EVs) in production, which is forecast to continue. LED displays are now more common than ever, with even wearable tech featuring high-definition screens.

According to Market Insight Reports optoelectronics market expected to grow at a CAGR of 10.25% over the forecast period of 2019 to 2024.

As with many areas of electronics, the possibilities for advancement are endless. Especially in relation to satellites, the future may hold great things.

Cyclops has a vast stock of optoelectronic components, and can source any other components you need too! Too hear how Cyclops could help you, contact us on sales@cyclops-electronics.com, or call us on (+44) 01904 415 415.

Categories
Component Shortage

Active Electronic Components Market Growing Demand

Active electronic component demand is soaring. The market is expected to grow by a compound annual growth rate of 4.8% during 2021-2026, fuelled by new technologies and faster and more globally available internet connectivity.

What’s driving it?

An explosion of new products with AI and IoT support and tailwinds like 5G are fuelling demand for active components.

Semiconductor devices, optoelectronic devices, and display technologies are significant applications. Examples include smart home appliances, virtual reality headsets, connected medical devices, and electronic ordering systems.

Here’s a non-exhaustive list of active components in high demand:

  • Diodes
  • Transistors
  • Integrated circuits
  • Optoelectronics
  • Sensors
  • Digital and analogue circuits
  • Batteries and power supplies
  • Generators
  • Vacuum tubes
  • CRT / LCD / VFD / TFT / LED displays

The increasing trends of the Internet of Things (IoT), automation, artificial intelligence, machine learning and virtual/augmented reality are expected to fuel demand for active electronic components for years to come.

Challenges lie ahead

This growing demand is not without its challenges. How will manufacturers get a hold of active electronic components if there isn’t enough to go around? Will geopolitical tensions affect supply? How will COVID-19 play a role in the future?

COVID-19

COVID-19 can create supply chain and market disruption and have a financial impact on firms and financial markets. If the virus persists in causing global disruption, this is likely to cause a shortage of active components in the future.

Geopolitical tensions

The US and China’s trade war in 2020 affected chip supplies around the world. Geopolitical tensions remain a risk in the future. Who knows if certain brands will be banned? It’s important that manufacturers stay in the loop to avoid supply chain problems.

Manufacturing bottlenecks

The world is advancing at a rapid rate and electronics components manufacturers are struggling to keep up. While investment in new factories is ongoing, demand may exceed manufacturing capacity, causing a shortage of components.

Price increases

Inflation is making everything more expensive. Add wildly fluctuating exchange rates and increasing demand for active components and you have the perfect recipe for price increases. This could cause a bidding war.

Active components and the future

The future is filled with more technology than you can imagine. Everything will be connected, including your car to your smartphone and your TV speakers to your smart home assistant (e.g. Alexa). Anything electronic can have a chip these days and you can bet innovators will find a way to make everything smart and connected.

With the active electronic components market predicted to increase in value significantly over the next five years, it is essential that companies have a reliable way to source the active components they need.

This is not a matter of beating the competition but a matter of staying operational amid impending shortages. The current chip shortage is a prime example of what can happen if a perfect storm of industry issues occurs.

If you need to source active electronic components, we can help. Email us if you have any questions or call us on 01904 415 415 for a chat with our team.