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.
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.
In the automotive optoelectronics market, Asia Pacific holds the
largest market share in terms of revenue followed by Europe, North
America, Latin America and, Middle East and Africa (MEA). In the Asia
Pacific region, countries such as China and India has been witnessing
heavy demand and production for passenger vehicles. This in turn is
increasing the application of automotive optoelectronics in passenger
vehicles of above mentioned countries. The market in North America
and Europe tends to be a bit saturated but the market is expected to
remain stable during the forecast period. By the end of the forecast
period, Middle East and Africa, and Latin America are expected to
show significant growth, considering the growth in automotive sector
and rising demand for passenger and commercial vehicles in the
regions.
The report also provides company market share analysis of the various
industry participants. Acquisition is the main strategy being widely
followed by leading market players. In case of an acquisition, the
acquirer takes advantage of existing synergies. As a result, both
companies are expected to emerge more profitable and stronger than
before. Key players in the global automotive optoelectronics market
have been profiled and their company overview, financial overview,
business strategies and recent developments have been covered in the
report. Major market participants profiled in this report include:
Osram Licht AG, Avago Technologies, Sharp Corporation, Texas
Instrument Inc., Koninklijke Philips N.V., Autoliv Inc., FOSP
Optoelectronics Co Ltd., Foryard Optolectronics Co., Vishay
Intertechnology and OSI Optolectronics AS among others.
The report offers a comprehensive evaluation of the market. It does
so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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