Optoelectronics is a vibrant and exciting market and this last year has been no exception. At the Optoelectronics Industry Development Association (OIDA,) we are using a new phrase, "Optomistic," as the industry is showing signs of acceleration for optoelectronics in areas that were unimaginable a decade ago. OIDA chronicled this "optomism" with the release of our Global Optoelectronics Industry Market Report and Forecast last October, an updated edition of the 2005 review. Almost all segments of the market showed strong growth in 2005--with the greatest growth in consumer optoelectronics--as total optoelectronics components and enabled products grew 20percent to dollar364 billion, from dollar304 billion in 2004 (see figure). Components grew 17percent in 2005 to dollar104 billion, from dollar89 billion in 2004.
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