McClean Report September 2025: Optoelectronics, Sensors/Actuators, Discretes Forecast Update

Total O-S-D sales dropped 7% in 2024 but are expected to rise 5% in 2025, growing steadily to reach $140.5 billion by 2029, with unit shipments increasing.

Total O-S-D sales fell 7% in 2024, snapping a seven-year streak of consecutive increases, but are forecast to climb 5% in 2025 to $97.6 billion and continue growing each year through 2029. Between 2024 and 2029, the total O-S-D market is projected to grow by a compound annual growth rate (CAGR) of 9%, with combined O-S-D sales reaching $140.5 billion in 2029MR. Total O-S-D unit shipments are forecast to increase from 600.5 billion in 2024 to 904.6 billion in 2029, which equates to a CAGR of 8.5%.