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Optoelectronics Industry Enjoying Steady Growth

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Michael A. Greenwood

The optoelectonics industry enjoyed robust growth in 2006, and a market report projects that steady expansion will continue over the next decade. The report, compiled by the Optoelectronics Industry Development Association (OIDA) of Washington, states that the market for optoelectronic components and enabled technologies reached $565 billion in 2006, a sales increase of 14.5 percent over the previous year. The $565 billion market for optoelectronic components and enabled technologies will grow to $1.2 trillion by 2017, according to a report prepared by OIDA. Courtesy of OIDA. The...Read full article

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