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.
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).
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.
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.
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.
Lantek has a vast stock of optoelectronic components, and can source any other components you need too! Too hear how Lantek could help you, contact us on email@example.com, or call us on 1-973-579-8100