Optoelectronics SIC Code: Industry Classification

The optoelectronics industry is classified under a specific SIC (Standard Industrial Classification) code for industry classification and statistics purposes. The SIC code for optoelectronics is 3827, falling under the “Manufacturing” division. This classification includes establishments primarily engaged in manufacturing instruments and apparatus that measure optical properties and optically project, measure, or magnify images.

Products within this classification range from binoculars, microscopes, prisms, lenses, to optical sighting and fire control equipment. In the United States, there are 103 companies classified under SIC code 3827 in the optoelectronics industry, employing an estimated 6,801 individuals.

Optoelectronics Industry Overview

The optoelectronics industry plays a crucial role in the manufacturing of instruments and apparatus that measure optical properties and optically project, measure, or magnify images. This diverse industry encompasses a wide range of products, including binoculars, microscopes, prisms, lenses, and optical sighting and fire control equipment.

Optoelectronic devices manufactured by this industry are essential for various applications, such as scientific research, photography, medical imaging, and defense. These devices are used to enhance vision, capture and analyze light, and enable precise measurements in different fields.

In the United States, the optoelectronics industry boasts 103 companies classified under SIC code 3827. These companies employ approximately 6,801 people, highlighting the significance of the industry in terms of job creation and economic growth.

Key products manufactured in the optoelectronics industry:

• Binoculars
• Microscopes
• Prisms
• Lenses
• Optical sighting and fire control equipment

By producing these instruments and apparatus, the optoelectronics industry supports various sectors, contributing to advancements in technology, scientific discoveries, medical breakthroughs, and national security.

Optoelectronics SIC Code vs. NAICS Code

The optoelectronics industry is classified under the SIC code 3827 for industry classification purposes.

However, this industry is also associated with the NAICS (North American Industry Classification System) code 334413, which specifically covers “Semiconductor and Related Device Manufacturing”.

Under the NAICS code 334413, the optoelectronics industry includes the manufacturing of semiconductors and solid-state devices such as integrated circuits, memory chips, microprocessors, diodes, transistors, solar cells, and other optoelectronic devices.

There are currently 1,380 active companies in the USA that fall under the NAICS code 334413 for optoelectronics manufacturing, employing an estimated 113,975 people.

Optoelectronics Industry Examples

The optoelectronics industry encompasses a wide range of products and devices used in various applications. Some common examples within the industry include:

• Binoculars
• Microscopes
• Lenses
• Optical sensors
• Optical sighting and fire control equipment
• Photovoltaic cells
• Laser diodes
• LED (Light Emitting Diode) devices

These devices play a crucial role in scientific research, medical imaging, telecommunications, and consumer electronics. Binoculars and microscopes enable enhanced vision and observation, while lenses and optical sensors focus and capture light for various purposes. The optoelectronics industry continuously evolves and innovates to meet the demands of technological advancements and market needs.

Optoelectronics Industry Statistics and Export/Import Data

The optoelectronics industry plays a crucial role in the US economy, contributing significantly to its growth and development. In 2018, the total revenue generated by the semiconductor and related device manufacturing industry, which includes optoelectronics, amounted to an impressive $53,052,319,000. This thriving industry also boasts an annual payroll of $12,348,381,000, supporting the employment of approximately 113,975 skilled workers.

As for international trade, the United States imported optoelectronic devices and related components worth $44,255,560,650, reflecting the demand for innovative products and technologies. Simultaneously, the domestic optoelectronics industry has been actively contributing to global markets, with exports valued at $46,250,685,079. Notably, the main importers of optoelectronic products were Malaysia, China, and Taiwan, while Mexico, China, and Hong Kong emerged as the top exporters, showcasing a dynamic and interconnected global supply chain.

These compelling statistics underscore the significance of the optoelectronics industry, not only in terms of its economic impact but also in fostering technological advancements and strengthening international relationships. Through its manufacturing prowess and continuous innovation, the optoelectronics industry continues to shape the digital landscape, empower various sectors, and elevate global connectivity.