Automotive Optoelectronics Market Sales and Revenue Share by Countries

Automotive optoelectronics deals with application of electronic system and devices in automobiles, which use, detect and control light. Optoelectronics is increasingly being used in modern cars for advanced automated services. Automated headlights for better visibility, automatic brakes for higher safety, advanced driving assistance systems, night vision systems and active or passive infrared systems are some of the major applications of automotive optoelectronics in automobiles. The major components of automotive optoelectronics are infrared emitters, photo detectors, LEDs, solid state relays, optical interrupters and ambient light sensors. Infrared emitters are used in night time illumination for heads-up displays, occupant sensing arrays, driver assist systems and rain sensors. Ambient light sensors allows the headlights, backlights and other automotive systems to sense and respond to light just like a human eye. Optical interrupters are used for gear shift position sensors, climate and radio control knobs, and in steering wheel sensor.

The automotive optoelectronics market can be classified by components, by application and by geography. The component segment can be classified into infrared emitters, photo detectors, LEDs, solid state relays, optical interrupters and ambient light sensors. By application, the market can be segregated as passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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The growth in the global automotive optoelectronics market is directly related to the growth of the global automobiles market. In addition, increasing production and usage of hybrid and electric vehicles are set to increase the application areas of automotive optoelectronics, globally. Therefore, with the increasing sales of automobiles globally, the demand for automotive optoelectronics are set to grow. In regions such as Asia Pacific and Latin America, an immense rise in the usage of passenger vehicles is expected over the forecast period, which is set to bolster the growth of the automotive optoelectronics market in such areas. In addition, economic reforms in countries coupled with growth in the automotive sector and increasing private equity investments in automotive optoelectronics manufacturing companies are crucial factors influencing the growth of global automotive optoelectronics market. Rising concern for road safety and increasing stringent automobile standards and guidelines is another major driving factor for the automotive optoelectronics market.