The development of the telecommunication industry is quite evident with the fact that the number of mobile Internet users is projected to catapult at a remarkable rate with 1.75 billion new users over the next eight years and the figure will reach a milestone of 5 billion mobile Internet users by 2025.[1] Optoelectronics is playing a vital role in developing telecommunication networks, and the devices are leveraged to lower the cost of high-speed network termination equipment. Furthermore, the future foresees an augmented application of optoelectronic devices in the telecommunication industry, which will create abundant opportunities in the optoelectronics market. The global optoelectronics market size has ballooned to $3.56 billion as of 2018. Additionally, the demand for optoelectronic devices in various sectors is estimated to observe a healthy compound annual growth rate (CAGR) of 16.59% during the forecast period of 2019 to 2025. North America boasts of the most advanced telecomm...