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Optoelectronics Market Worth $9.80 Billion by 2025
[August 10, 2018]

Optoelectronics Market Worth $9.80 Billion by 2025


PUNE, India, August 10, 2018 /PRNewswire/ --

According to a new market research report "Optoelectronics Market for Automotive by Devices (LED, Image Sensor, Infrared, Laser Diode, Optocoupler), Application (Position Sensor, Convenience & Climate, Safety, Lighting), Vehicle (PC, CV), EV Type, Aftermarket, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the market is estimated to be USD 3.88 billion in 2018 and is projected to reach a market size of USD 9.80 billion by 2025, growing at a CAGR of 14.13% during the forecast period. The major factors driving the growth of the global Automotive Optoelectronics Market are the increase in sales of luxury and ultra-luxury vehicles and high demand for LEDs lighting and safety application.

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Browse 53 market data Tables and 53 Figures spread through 148 Pages and in-depth TOC on "Optoelectronics Market for Automotive"

https://www.marketsandmarkets.com/Market-Reports/optoelectronic-market-144954147.html

Early buyers will receive 10% customization on this report 

The safety application segment is estimated to be the fastest growing market in the Automotive Optoelectronics Market during the forecast period, by application 

The safety segment is estimated to witness the highest growth because of the rising demand for safety features by consumers to enhance the vehicle safety performance. Also, OEMs are offering vehicles equipped with safety features, which in turn would drive the optoelectronics market.

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The LED segment is estimated to be the fastest growing market in the Automotive Optoelectronics Market during the forecast period, by devices 

The LED segment is estimated to be the fastest growing segment, by value, of the Automotive Optoelectronics Market during the forecast period. The high demand for aesthetic lighting to improve the comfort and safety inside the vehicle for the occupants is governing the growth of LED segment devices.


Asia Pacific is estimated to be the fastest growing regional market for Automotive Optoelectronics Market 

The Asia Pacific region is projected to be the fastest growing market for automotive optoelectronics during the forecast period. The market growth in the region can be attributed to the rapid growth of the automotive sector in countries such as China, Japan, India, and South Korea. Moreover, the improved lifestyle of consumers and rapid urbanization have boosted the demand for passenger cars and commercial vehicles, thus, driving growth of the Automotive Optoelectronics Market in the region.

The key players in the Automotive Optoelectronics Market are Osram (Germany), Texas (US), Vishay (US), Broadcom (US), Hella (Germany), and Magneti Marelli (Italy).

Know more about the Optoelectronics Market:
https://www.marketsandmarkets.com/Market-Reports/optoelectronic-market-144954147.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Research Insight: https://www.marketsandmarkets.com/ResearchInsight/optoelectronic-market.asp
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