This market segment covers LEDs, laser diodes, photodetectors, infrared components, imaging sensors, and fiber-optic devices. Reports highlight breakthroughs in high-speed optical communication, automotive LiDAR for autonomous vehicles, advanced imaging systems for medical devices, and energy-efficient lighting solutions. With robust demand across telecommunications, automotive, aerospace, defense, and consumer electronics, optoelectronics plays a key role in enabling next-generation connectivity and sensing technologies.