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According to a new market research report “Optoelectronics Market by Device (LEDs, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application
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by Device (LED, Sensors), Device Material (Gallium Nitride, Indium Phosphide), Application (Measurement, Communication, Lighting), End User (Consumer Electronics, Healthcare), and Geography—Global Forecast to 2027", published by Meticulous Research® , the optoelectronics market is expected to grow at a CAGR of 9.6% from 2020 to 2027 to reach $77.9 billion by 2027. Optoelectronics technology has found applications across various industry verticals due to the high performance, high bandwidth, and low energy consumption of optoelectronic devices. The technology has witnessed high demand in ...