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Silicon PIC market growing at 45% CAGR from $95m in 2023 to $863m in 2029
Future of high-speed optical communication lies in SOI, LNOI and InP material platforms
Semiconductor laser market growing at 9% CAGR to over $5bn in 2029
Telecom & infrastructure segment growing at 18% to over $2.5bn, as consumer applications grow just 1% to $1.75bn
Micro-LED chip market to grow from $38.8m in 2024 to $489.5m by 2028
AR and automotive applications to drive growth
Silicon carbide prices plunge as Chinese SiC manufacturing capacity ramps
…but mid- to high-end Chinese EVs continue to favor SiC components from international IDMs
Micro-LEDs maintain momentum despite Apple’s withdrawal
New advances needed in die technology, transfer equipment and micro-LED manufacturing.
ST remains largest silicon carbide power device maker, with 32.6% market share
onsemi rises from fourth to second; top five players comprise 91.9% of revenue
Shipments of mini-LED backlight LCD displays to surpass OLED displays in 2025
LCD TV displays with mini-LED backlight unit to grow from 6.2 million in 2024 to 9.3 million in 2025
Micro-LED chip market growing at 84% CAGR to $579m by 2028
Increasing focus on head-mounted devices and automotive applications
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