Optoelectronics in the Global Automotive Market - Forecast to 2025: High Demand and Increasing Sales of Luxury and Ultra-Luxury Vehicles is a Major Driver - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The “Optoelectronics Market for Automotive by Devices, Application, Vehicle, EV Type, Aftermarket, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The automotive optoelectronics market is estimated to be USD 3.88 billion in 2018 and is projected to grow at a CAGR of 14.13% during the forecast period, to reach a market size of USD 9.80 billion by 2025.
The increasing sales of luxury and ultra-luxury vehicles would drive the growth of automotive optoelectronics market. However, the high cost of raw material is inhibiting the growth of the automotive optoelectronics market.
The passenger car segment is estimated to be the largest segment, by value, of the automotive optoelectronics market from 2018 to 2025. The increasing focus of vehicle manufacturers on R&D activities to enhance the safety and lighting application is fostering the growth of the automotive optoelectronics market.
The North American market for EV segment is estimated to have the largest share, by value, of the automotive optoelectronics market during the forecast period. Increasing number of optoelectronics components in EVs, coupled with the high demand for safety features, is likely to drive the North American EV optoelectronics market. The manufacturers of EVs have introduced a variety EVs, thereby pushing the growth of the optoelectronics market.
The Asia Pacific market is estimated to grow at the highest CAGR, by value, during the forecast period from 2018 to 2025. The increase in installation of LED for various safety applications in countries such as China, India, Thailand, and others would drive the automotive optoelectronics market in the region.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Optoelectronics Market, By Application
7 Automotive Optoelectronics Market, By Devices
8 Automotive Optoelectronics Market, By Vehicle Type
9 Automotive Optoelectronics Market, By Market Channel
10 Automotive Optoelectronics Market, By Electric Vehicle
11 Automotive Optoelectronics Market, By Region
12 Competitive Landscape
13 Company ProfilesTexas Instruments Hella Osram Vishay Broadcom Grupo Antolin Koito Manufacturing Koninklijke Philips Stanley Electric Magneti Marelli Renesas Excellence Optoelectronics Fosp Optoelectronics San’an Optoelectronics Foryard Optoelectronics Sharp Corporation Sony Corporation Selectronic Zizala Lichtsysteme Isocom Components Merck Jenoptik Varroc Lighting Endicott Research Osi Optoelectronics Proton-Orel
For more information about this report visit https://www.researchandmarkets.com/research/lh7rqd/optoelectronics?w=4
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Related Topics:Automotive Aftermarket,Electric and Hybrid Vehicles,Optoelectronics
INDUSTRY KEYWORD: ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE AFTERMARKET
SOURCE: Research and Markets
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PUB: 08/20/2018 07:24 AM/DISC: 08/20/2018 07:24 AM