Global Automotive Optoelectronics Market Growth 2023-2029

Global Automotive Optoelectronics Market Growth 2023-2029

Automotive Optoelectronics is the study and application of electronic devices and systems that source, detect and control light, usually considered a sub-field of photonics on automotive. In this context, light often includes invisible forms of radiation such as gamma rays, X-rays, ultraviolet and infrared, in addition to visible light. Optoelectronic devices are electrical-to-optical or optical-to-electrical transducers, or instruments that use such devices in their operation.

LPI (LP Information)' newest research report, the “Automotive Optoelectronics Industry Forecast” looks at past sales and reviews total world Automotive Optoelectronics sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Optoelectronics sales for 2023 through 2029. With Automotive Optoelectronics sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Optoelectronics industry.

This Insight Report provides a comprehensive analysis of the global Automotive Optoelectronics landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Optoelectronics portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Optoelectronics market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Optoelectronics and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Optoelectronics.

The global Automotive Optoelectronics market size is projected to grow from US$ 3469.8 million in 2022 to US$ 6067.6 million in 2029; it is expected to grow at a CAGR of 6067.6 from 2023 to 2029.

In case of geographical region, Asia Pacific is projected to be the most lucrative market for automotive optoelectronic owing to rise in demand for luxury vehicles along with growing awareness regarding safety systems among customer. On the other hand, Western Europe followed by North America is other significant regions to positively influence the growth of the global Automotive Optoelectronics market in the coming years.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Optoelectronics market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
LEDs
Optoelectronic IR & Sensors

Segmentation by application
Position Sensors
Convenience and Climate
Backlight Control
Safety
Lighting

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Avago
Osram
Philips
Sharp
Texas Instruments
Autoliv
Foryard Optoelectronics
FOSP Optoelectronics
OSI Optoelectronics
Vishay

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Optoelectronics market?

What factors are driving Automotive Optoelectronics market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive Optoelectronics market opportunities vary by end market size?

How does Automotive Optoelectronics break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.