7 January 2003 -- "The global consumption of optoelectronic integrated circuits will rebound from a 2002 low of USD320m to USD1.94bn in 2006," according to ElectroniCast's director, founder and chairman Jeff D Montgomery in its "Optoelectronic Integrated Circuits (OEICs) and Related Devices/Parts Rapid Reaction Report".
Montgomery adds: "Most consumption value will be achieved by hybrid OEICs; 59% in 2003. The fastest growth, however, will be by monolithic OEICs".
Telecom equipment transceivers will lead OEIC applications, but the fastest growth will be achieved in military/aerospace equipment consumption, gaining a 36% value share by 2006.
According to the report, competition in OEIC provision is now undergoing dramatic change, due to restructuring of traditional leading OEIC producers, emergence of start-ups to commercial shipments status, and the transition from silicon to compound semiconductor materials.