report-bg

Automotive Optoelectronics market

By Product (LED’s, Laser Diodes, Infrared Component, Image Sensors, Optocouplers); By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)); By Channel Type (Original equipment manufacturer (OEMS), Aftermarket); By Applications (Position sensors, Convenience and safety, Backlight control) - Global Demand Analysis & Opportunity Outlook 2027

Buy Now
Report ID: 1034 | Published On: Feb 07, 2023
Request Free Sample Copy

Growth Drivers and Challenges

Rise in production of automobiles will lead to the expansion of automotive optoelectronics market globally. Luxury car manufacturers provide high quality safety options to the customers which will stimulate the growth of automotive optoelectronics market globally. Countries such as China, India have high economy which will bolster the growth of automotive optoelectronics market as the demand for luxury cars is increasing day by day.

Increase in production and sales of hybrid and electronic cars will trigger the growth of automotive optoelectronics. Optocouplers are widely used to isolate the high voltage systems and onboard battery within these vehicles. Optocouplers market will grow with the adoption of these vehicles. It is estimated that optocoupler market for automotive sector to nearly double by the end of the decade to USD 151 million.Cost of LED’s are raising due to high cost of raw materials such as aluminum, steel, automotive plastics, electronic components and other resin materials. These factors act as the major barriers for the growth of automotive optoelectronics market.


Automotive Optoelectronics Market
Get more information on this report: Request Sample PDF

Market Segmentation
cscs

Our-in depth analysis of the global automotive optoelectronics market includes the following segments:

By Product:

  • LED’s
  • Laser Diodes
  • Infrared Component
  • Image Sensors
  • Optocouplers

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)

By Channel Type

  • Original equipment manufacturer (OEMS)
  • Aftermarket

By Applications:

  • Position sensors
  • Convenience and safety
  • Backlight control

By Region

Global automotive optoelectronics market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis


Top Featured Companies Dominating The Market

  • Texas Instrument Inc.
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Avago Technologies
  • Autoliv Inc.
  • Vishay Intertechnology
  • Osram Licht AG
  • FOSP Optoelectronics Co Ltd.
  • Foryard Optolectronics Co.
  • Koninklijke Philips N.V.
  • Texas Instrument Inc.
  • Optolectronics AS


Get more information on this report: Request Sample PDF

Top Featured Companies Dominating The Market

    • Texas Instrument Inc.
      • Company Overview
      • Key Product Offerings
      • Business Strategy
      • SWOT Analysis
      • Financials
    • Avago Technologies
    • Autoliv Inc.
    • Vishay Intertechnology
    • Osram Licht AG
    • FOSP Optoelectronics Co Ltd.
    • Foryard Optolectronics Co.
    • Koninklijke Philips N.V.
    • Texas Instrument Inc.
    • Optolectronics AS

    Scope and Context


In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Let Us Hear About Your Requirements:

Submit Your Request For Proposal (RFP)

Request Research Report Sample