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After falling 2% in 2007 to $15.9bn, the optoelectronics market is set to grow 9.3% to $17.4bn in 2008, then at a compound annual growth rate (CAGR) of 12% to $31.2bn in 2013, according to market research firm DataBeans Inc.

High-volume applications (e.g. DVD systems and digital cameras) are being joined by applications in cars, medical instruments, and lamps.

Databeans predicts that optoelectronics revenue growth over the next five years (to 2013) will continue to be driven by the communications segment (a CAGR of 15%), followed by lighting and other consumer applications (14%), medical applications (13%) and automotive applications (12%).

In the automotive market, LEDs are being used extensively in interior lighting and, due to advances in technology, use in exterior illumination will become mainstream, reckons the market research firm. In addition, image sensors (found mainly in mobile phone and digital cameras) are also making their way into vehicles, adding extra safety features such as lane departure warning and rearview/blind spot assistance.

In medical electronics (a fast-growing segment of the industrial market) optoelectronics are being used in oncology, endoscopy, and imaging. Also, cosmetic surgery and dermatology represent a quickly advancing market for medical lasers.

LED lamps are set to grow in many markets, says DataBeans. While demand for LEDs in backlighting will continue to be strong, applications that use LEDs as replacements for more traditional lighting sources offer a chance for significant growth, as manufacturers continue to advance performance of white LEDs, concludes the firm.

Worldwide optoelectronics revenue forecast by market segment ($m)

	2008	2009	2010	2011	2012	2013	08-13 CAGR%
Automotive	514	567	612	707	814	921	12%
Computer	2,803	2,881	3,025	3,294	3,549	3,859	7%
Consumer	6,912	7,651	8,613	9,924	11,626	13,078	14%
Communications	5,303	6,348	7,076	7,903	9,328	10,798	15%
Test & Measurement	679	773	850	904	1,008	1,082	10%
Process Control	423	448	475	520	555	570	6%
Medical	216	261	275	314	346	395	13%
Mil/Aero	69	70	78	89	99	110	10%
Other Industrial	450	452	399	364	378	398	-2%
Total	17,370	19,451	21,403	24,020	27,701	31,211	12%

Estimated figures courtesy of DataBeans.

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