Optoelectronics Market by Devices, Application, Vehicle, Aftermarket and Region - Global Forecast 2025
[148 Pages Report] Optoelectronics Market report categorizes the global market for Automotive by Devices (LED, Image Sensor, Optocoupler), Application (Position Sensor, Safety, Lighting), Vehicle, EV Type, Aftermarket, and Region
(EMAILWIRE.COM, January 17, 2019 ) According to the 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 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.
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Browse and in-depth TOC on "Optoelectronics Market"
53 - Tables
53 - Figures
148 - Pages
“The passenger car segment is estimated to be the largest segment of the automotive optoelectronics market, by value”
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 automotive optoelectronics market.
“North America is estimated to account for the largest market share and Asia Pacific is estimated to be the fastest growing region in 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 such as Tesla (US), Waymo (US), and Toyota (Japan) have introduced various 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.
High demand and increasing sales of luxury and ultra-luxury vehicles
The improving global economic conditions have changed the overall lifestyle of consumers. With increasing disposable income, the demands of consumers have changed in line with new lifestyles, leading to a change in their preferences. This has positively affected the sales of luxury and ultra-luxury cars across the globe. The difference in lifestyle is noticeable, especially in developing countries such as China and India.
The sales of Mercedes-Benz increased from 155.9 thousand units in 2016 to 442.9 thousand units in 2017. Based on the 2017 sales figures, BMW China plans to double its production capacity by 2020. Optoelectronics devices such as LED lights, OLED and LED displays, and ambient lighting are the key highlights of the luxury vehicle segment. These devices increase comfort and convenience of the vehicle. Along with improving visibility, they also provide a congenial atmosphere in the cabin, thus reducing driver fatigue and increasing vehicle safety.
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The key players in the automotive optoelectronics market are Osram (Germany), Texas (US), Vishay (US), Broadcom (US), Hella (Germany), and Magneti Marelli (Italy).
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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/optoelectronic-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Get Free 10% customization @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=144954147
Browse and in-depth TOC on "Optoelectronics Market"
53 - Tables
53 - Figures
148 - Pages
“The passenger car segment is estimated to be the largest segment of the automotive optoelectronics market, by value”
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 automotive optoelectronics market.
“North America is estimated to account for the largest market share and Asia Pacific is estimated to be the fastest growing region in 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 such as Tesla (US), Waymo (US), and Toyota (Japan) have introduced various 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.
High demand and increasing sales of luxury and ultra-luxury vehicles
The improving global economic conditions have changed the overall lifestyle of consumers. With increasing disposable income, the demands of consumers have changed in line with new lifestyles, leading to a change in their preferences. This has positively affected the sales of luxury and ultra-luxury cars across the globe. The difference in lifestyle is noticeable, especially in developing countries such as China and India.
The sales of Mercedes-Benz increased from 155.9 thousand units in 2016 to 442.9 thousand units in 2017. Based on the 2017 sales figures, BMW China plans to double its production capacity by 2020. Optoelectronics devices such as LED lights, OLED and LED displays, and ambient lighting are the key highlights of the luxury vehicle segment. These devices increase comfort and convenience of the vehicle. Along with improving visibility, they also provide a congenial atmosphere in the cabin, thus reducing driver fatigue and increasing vehicle safety.
Inquiry Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=144954147
The key players in the automotive optoelectronics market are Osram (Germany), Texas (US), Vishay (US), Broadcom (US), Hella (Germany), and Magneti Marelli (Italy).
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.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/optoelectronic-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Shelly Singh
Tel: 18886006441
Email us
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MarketsandMarkets™
Mr. Shelly Singh
Tel: 18886006441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results