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Global Automotive Optoelectronics Market By Device (Laser Diode, IR Component, Others), By Application (Position Sensor, Safety, Others), By Vehicle Type (Trucks, Passenger Car, Others), By Region, Forecast & Opportunities to 2026

Global Automotive Optoelectronics Market By Device (Laser Diode, IR Component, Others), By Application (Position Sensor, Safety, Others), By Vehicle Type (Trucks, Passenger Car, Others), By Region, Forecast & Opportunities to 2026

The global automotive optoelectronics market accounted for a value of USD 6.1 billion in 2019 and is projected to register growth at a CAGR of 10.1% during forecast period.

COVID-19 has impacted the automotive optoelectronics market. Automotive market has experienced a major hit due to this pandemic and it is expected that after this pandemic, sales of vehicles will be primary concern for OEMs. Due to pandemic there was lockdown all over the world, the companies suffered shutdown because of which the production was stopped. The supply of raw material was on halt which has affected production immensely automotive optoelectronics market is expecting decline due to COVID-19.

Definition:

Optoelectronics can be defines as a branch of electronics that deals with the study and applications of electronic devices and systems that detect, control and source light. Optoelectronics are utilized in cars to automate the vehicle operations such as brakes, headlights, etc.

Market Dynamics (Drivers/Opportunities):

The use of LEDs is beneficial for the automotive optoelectronic market. The optoelectronic is also used in hazard lights, puddle lights, brake lights and warning lights etc. The production of automobiles is increasing around the world and this increases the adoption of optoelectronics in automotive and drives growth in automotive optoelectronics market during forecast period.

The manufacturers of luxury car provide innovative technologies and safety options to the customers. The growth of optoelectronics market is directly depends on the growth of automobile market. The production and use of electric and hybrid vehicles is increasing. This increases the adoption of optoelectronics devices and drive growth in automotive optoelectronic market during forecast period.

There are various regions such as North America, South America and Asia-Pacific, are witnessing immense rise in the use of passenger vehicles along with increase in use of optoelectronic device in automobiles in such regions. The concern towards road safety is increasing which increases adoption of optoelectronics and drives growth in automotive optoelectronics market during forecast period.

Market Insights, by Device

On the basis of device, the automotive optoelectronics market is segmented into image sensor, IR component, laser diode, LED and optocoupler. The LED device segment is estimated to be fastest growing segment during forecast period. The demand for ambient lighting is increasing as it enhances the convenience in the vehicle. The LED devices provide higher comfort and this increases the adoption of LED devices and drives growth in LED segment during forecast period.

Market Insights, by Application

On the basis of application, the automotive optoelectronics market is segmented into position sensor, safety, lighting, convenience & climate and backlight control. The safety segment is estimated register faster growth during forecast period. The number of safety mandates is increasing by governments across various countries around the globe. The preference of consumer is also changing and the demand for more safe application is increasing in vehicles. This drives growth in safety application segment during forecast period.

Market Insights, by Vehicle Type

On the basis of vehicle type, the automotive optoelectronics market is segmented into passenger car, buses, trucks and LCV. The passenger car segment is expected to hold largest market share during forecast period. The sales of passenger cars are increasing across the world and the trend of integrating high-end electronics for in-vehicle features is increasing. This increases the demand for optoelectronics in passenger vehicle segment. Thus, drives growth in passenger vehicle segment during forecast period.

Regional Insights

Asia-Pacific region is estimated to be fastest growing segment during forecast period. The adoption of optoelectronics applications such as lighting, safety etc. are increasing in this region. The production and sales of vehicles are immensely increasing in this region. The demand for passenger car is increasing along with the demand for different features. People are looking for various safety features and this increases adoption of optoelectronics devices and drives growth in optoelectronics market in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in Automotive Optoelectronics sector are Avago Technologies, FOSP Optoelectronics Co. Ltd., Foryard Optoelectronics Co, Osram Licht AG, Sharp Corporation, Koninklijke Philips N.V., Texas Instrument Inc., Autoliv Inc., OSI Optoelectronics AS, Vishay Intertechnology, Hella, Broadcom Stanley Electric, Endicott Research, Proton-Orel, Merck, and Magneti Marelli

Segments Covered in the Report

This report forecasts The Global Automotive Optoelectronics Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global automotive optoelectronics market report on the basis of device, application and vehicle type.

Automotive Optoelectronics Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Automotive Optoelectronics Market, By Device, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Image Sensor
  • IR Component
  • Laser Diode
  • LED
  • Optocoupler
  1. Automotive Optoelectronics Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Position Sensor
  • Safety
  • Lighting
  • Convenience & Climate
  • Backlight Control
  1. Automotive Optoelectronics Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Car
  • Buses
  • Trucks
  • LCV
  1. Automotive Optoelectronics Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Device
    • By Application
    • By Vehicle Type
    • By Country
      • USA
        • By Vehicle Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Device
      • By Application
      • By Vehicle Type
      • By Country
        • Brazil
          • By Vehicle Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Device
        • By Application
        • By Vehicle Type
        • By Country
          • UK
            • By Vehicle Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Device
          • By Application
          • By Vehicle Type
          • By Country
            • China
              • By Vehicle Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Device
            • By Application
            • By Vehicle Type
            • By Country
              • Saudi Arabia
                • By Vehicle Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Magneti Marelli
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Avago Technologies
    • FOSP Optoelectronics Co. Ltd.
    • Foryard Optoelectronics Co
    • Osram Licht AG
    • Sharp Corporation
    • Koninklijke Philips N.V.
    • Texas Instrument Inc.
    • Autoliv Inc.
    • OSI Optoelectronics AS
    • Vishay Intertechnology
    • Hella
    • Broadcom Stanley Electric
    • Endicott Research
    • Proton-Orel
    • Merck
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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