China poised to lead optoelectronic component market

According to Intex Management Services Ltd's (IMS) latest research analysis of the world markets for optoelectronic components, the market in the Greater China region is forecast to overtake Europe by mid-2005 and to reach North America by 2007.

"The growth of the Greater China region is led mainly by the increasing use of high brightness LED lamps in the mobile communications, consumer, and industrial markets," said Peter Cooney, analyst and author of IMS Research's latest report on the world markets for optoelectronic components. "High growth is also forecast for other optoelectronic products such as wireless IR components and optical interrupters in this region," he added.