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

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