Optoelectronics Market
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.
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
To know about the assumptions considered for the study, download the pdf brochure
Key Players of Optoelectronics Market:
- Texas Instruments
- Hella
- Osram
- Vishay
- Broadcom
- Grupo Antolin
- Koito Manufacturing
- Koninklijke Philips
- Stanley Electric
- Magneti Marelli
- Renesas
- Excellence Optoelectronics
Target Audience of Optoelectronics Market
- Automotive optoelectronics manufacturers
- Raw material suppliers
- Component manufacturers
- Distributors and suppliers of automotive optoelectronics components/parts
New Product Developments, 2015–2018
Texas Instruments
Expanding on its industry-leading gallium nitride (GaN) power portfolio, Texas Instruments announced two high-speed GaN field-effect transistor (FET) drivers to create more efficient, higher-performing designs in speed-critical applications such as light detection and ranging (LIDAR) and 5G radio-frequency (RF) envelope tracking. The LMG1020 and LMG1210 can deliver switching frequencies of 50 MHz while improving efficiency and enabling five times smaller solution sizes previously not possible with silicon MOSFETs.
Hella
Audi (Germany) and HELLA developed a striking lighting technology for the new Audi A7 Sportback. The headlamps of the four-door coupé are available as LED, Matrix LED, and HD Matrix LED with laser high beam variants. The system uses a new control unit, which takes care of all lighting functions. Audi and HELLA have additionally developed a new interior lighting concept together.
Osram
OSRAM’s new LED chip factory in Kulim (Malaysia) began operations. The factory was planned in November 2015. An investment of USD 435 million was made in the first stage of completion.
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By market channel, OE market segment is estimated to be the largest segment of the automotive optoelectronics market during the forecast period. The growth of this segment can be attributed to the offering of features such as ambient lighting, convenience & climate features, and safety features as standard fitment by the automakers. OE is expected to remain an attractive market in the near future due to the increase in demand for such features by the consumers.
The North American region is projected to be the largest market for automotive optoelectronics by 2025. The increasing production of automobiles and a significant rise in demand for premium segment passenger cars are driving the market growth in this region. The Asia Pacific region is anticipated to register the fastest growth in automotive optoelectronics by 2025. The adoption rate of applications such as safety and lighting in vehicles is expected to show incremental growth in the region in the coming years. The increased adoption rate makes the Asia Pacific region the fastest growing market during the forecast period.
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