Market Overview

Optoelectronics for Automotive - $9.8 Billion Global Market Analysis & Forecast (2018-2025) by Devices, Application, Vehicle, EV Type, Aftermarket, and Region

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Dublin, Aug. 20, 2018 (GLOBE NEWSWIRE) -- 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 reach USD 9.8 billion by 2025, at a CAGR of 14.13% from 2018 to 2025.

The key growth drivers for the market are the increasing awareness regarding vehicle safety and rising demand for luxury and ultra-luxury vehicles.

The key factor restraining the growth of the automotive optoelectronics market is the easy availability of affordable substitutes for the optoelectronics technology for automotive applications.

The passenger car segment is estimated to hold the largest market share during the forecast period. The increasing sales of passenger cars globally are leading to the exponential growth of the automotive optoelectronics market. Also, the growing trend of integrating high-end electronics for in-vehicle features is inflating the demand for automotive optoelectronics.

The LED devices segment is projected to register the fastest growth, in terms of value, in the automotive optoelectronics market during the forecast period. The growth of the LED segment can be attributed to the increasing demand for ambient lighting to enhance the comfort & convenience in the vehicle.

By application, the safety segment is expected to register the fastest growth, by value, in the automotive optoelectronics market during the forecast period. The increasing number of safety mandates by several governments across the globe along with the high consumer preference for safety applications is driving the growth of the automotive optoelectronics market.

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.

The automotive optoelectronics market is dominated by a few global players and comprises several regional players. Some of the key manufacturers operating in the market are Osram (Germany), Hella (Germany), Texas (US), Broadcom (US), and Vishay (US). Leading automotive optoelectronics manufacturers/software providers are focused to develop innovative solutions for existing and new applications of automobiles to drive the industry forward.

Lighting

Automotive lighting has witnessed substantial growth in the recent past due to high demand in comfort and convenience features in the vehicles. Osram is one of the companies that is at the forefront of developing advanced lighting application for automobiles. The company has added the Oslon Compact PL to its portfolio of lighting products for the automotive sector. Designed primarily for vehicle headlights, the LED can be used in adaptive, glare-free high beam, daytime running lights. low beam, and standard high beam lighting. This comprehensive LED combines improved design with low system costs, making it suitable for a wide variety of vehicle classes and a broad spectrum of customers.

LED

LED light is a recent innovation in automotive lighting technology. Compared to xenon/HID lights, LEDs offer a better reflection in terms of light returns from road signs. In vehicles, LEDs can be used for lighting, safety, and convenience & climate applications. LEDs are primarily used in headlights, daytime running light (DRL), side indicators, and ambient lighting. Continuous innovations in the lighting sector are leading to the adoption of new technologies like adaptive LED lighting.

Audi (Germany) and HELLA developed a striking lighting technology. The headlamps of the four-door coup 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.

Optocoupler

Increased in the electrification inside the vehicles has paved the way for integrating advance electronics components for smooth functioning of technology. Optocoupler is one such component integrated in the electronics architecture of the vehicles which prevents high voltages from affecting the system receiving the electrical signal. Thus, key market players are developing advanced optocouplers to gain traction in the global automotive optoelectronics market.

For instance, Vishay launched its first Automotive Grade phototransistor optocoupler. The new device combines a high current transfer ratio (CTR) with a low forward current. The phototransistor optocoupler is designed for battery management, signal transmission, and system control in automotive applications, including hybrid and electric vehicles.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Automotive Optoelectronics Market
4.2 Market Share of the Automotive Optoelectronics Market, By Country
4.3 Automotive Optoelectronics Market, By Devices
4.4 Automotive Optoelectronics Market, By Application
4.5 Automotive Optoelectronics Market, By Vehicle Type
4.6 Automotive Optoelectronics Market, By Ev Type
4.7 Automotive Optoelectronics Market, By Market Channel
4.8 Automotive Optoelectronics Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Demand and Increasing Sales of Luxury and Ultra-Luxury Vehicles
5.2.1.2 Increase in Awareness About Vehicle Safety
5.2.1.3 Long Life and Low Power Consumption of Optoelectronics Devices
5.2.2 Restraints
5.2.2.1 Easily Available and Affordable Substitutes for the Technology
5.2.3 Opportunities
5.2.3.1 Increasing R&D in the Field of Optoelectronics Technology
5.2.3.2 Rising Demand for Electric Vehicles
5.2.3.3 Advent of Semi-Autonomous and Autonomous Vehicles
5.2.4 Challenges
5.2.4.1 Aftermarket Installation
5.2.4.2 High Raw Material Cost

6 Automotive Optoelectronics Market, By Application
6.1 Introduction
6.2 Backlight Control
6.3 Convenience & Climate
6.4 Lighting
6.5 Position Sensors
6.6 Safety

7 Automotive Optoelectronics Market, By Devices
7.1 Introduction
7.2 LED
7.3 Image Sensor
7.4 Infrared Components
7.5 Laser Diode
7.6 Optocoupler

8 Automotive Optoelectronics Market, By Vehicle Type
8.1 Introduction
8.2 Passenger Car
8.3 Light Commercial Vehicle
8.4 Trucks
8.5 Buses

9 Automotive Optoelectronics Market, By Market Channel
9.1 Introduction
9.2 Original Equipment Manufacturer (OEM)
9.3 Aftermarket

10 Automotive Optoelectronics Market, By Electric Vehicle
10.1 Introduction
10.2 Battery Electric Vehicle (BEV)
10.3 Hybrid Electric Vehicle (HEV)
10.4 Plug-In Hybrid Electric Vehicle (PHEV)
10.5 Fuel Cell Electric Vehicle (FCEV)

11 Automotive Optoelectronics Market, By Region
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.2 India
11.2.3 Japan
11.2.4 South Korea
11.2.5 Thailand
11.2.6 Rest of the Asia Pacific
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Russia
11.3.4 Spain
11.3.5 Turkey
11.3.6 UK
11.3.7 Rest of Europe
11.4 North America
11.4.1 Canada
11.4.2 Mexico
11.4.3 US
11.5 RoW
11.5.1 Brazil
11.5.2 Iran
11.5.3 Others

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking
12.3 Competitive Senario
12.3.1 New Product Developments
12.3.2 Expansions
12.3.3 Collaborations/Joint Ventures/Supply Contracts/ Partnerships/Agreements
12.3.4 Mergers & Acquisitions

13 Company Profiles
13.1 Texas Instruments
13.2 Hella
13.3 Osram
13.4 Vishay
13.5 Broadcom
13.6 Grupo Antolin
13.7 Koito Manufacturing
13.8 Koninklijke Philips
13.9 Stanley Electric
13.10 Magneti Marelli
13.11 Renesas
13.12 Excellence Optoelectronics
13.13 Other Key Regional Players
13.13.1 Asia Pacific
13.13.1.1 Fosp Optoelectronics
13.13.1.2 San'an Optoelectronics
13.13.1.3 Foryard Optoelectronics
13.13.1.4 Sharp Corporation
13.13.1.5 Sony Corporation
13.13.2 Europe
13.13.2.1 Selectronic
13.13.2.2 Zizala Lichtsysteme
13.13.2.3 Isocom Components
13.13.2.4 Merck
13.13.2.5 Jenoptik
13.13.3 North America
13.13.3.1 Varroc Lighting
13.13.3.2 Endicott Research
13.13.3.3 Osi Optoelectronics
13.13.4 RoW
13.13.4.1 Proton-Orel

For more information about this report visit https://www.researchandmarkets.com/research/fpf6rx/optoelectronics?w=12

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Related Topics: Automotive Aftermarket, Electric and Hybrid Vehicles, Optoelectronics 

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