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Optoelectronics Market worth $9.80 billion by 2025

The report "optoelectronics market for automotive by devices (LED, image sensor, infrared, laser diode, opt coupler), application (position sensor, convenience & climate, safety, lighting), vehicle (PC, CV), EV type, aftermarket, and region - global forecast to 2025" the automotive optoelectronics 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.

Target Audience Of Optoelectronics Market • • • •

Automotive optoelectronics manufacturers Raw material suppliers Component manufacturers Distributors and suppliers of automotive optoelectronics components/parts

Optoelectronics Market, By Application • • • • •

Position Sensor Convenience & Climate Safety Lighting Backlight Control

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Objectives Of The Optoelectronics Market Report • To define, describe, and project the automotive optoelectronics market (2018– 2025), in terms of value (USD million) • To provide detailed information regarding the major factors influencing the growth of the automotive optoelectronics market, such as drivers, restraints, opportunities, and industry-specific challenges • To analyze and forecast the automotive optoelectronics market and estimate the market size, by value, based on devices, application, EV type, vehicle type, market channel type, and region • To track and analyze competitive developments such as joint ventures, mergers & acquisitions, new product developments, and expansions

Key players of Optoelectronics Market • Osram (Germany) • Texas (US), Vishay (US) • Broadcom (US) • Hella (Germany) • Magneti Marelli (Italy)

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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).

Browse 53 market data tables and 53 figures spread through 148 pages and in-depth TOC on "optoelectronics market for automotive"

This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

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Optoelectronics Market  

The automotive optoelectronics market was valued at USD 3.50 billion in 2017 and is projected to reach USD 9.80 billion by 2025, at a CAGR o...

Optoelectronics Market  

The automotive optoelectronics market was valued at USD 3.50 billion in 2017 and is projected to reach USD 9.80 billion by 2025, at a CAGR o...