The report "optoelectronics market for automotive by devices (LED, image sensor,
infrared, laser diode, opt coupler), application (position sensor, convenience &
climate, safety, lighting), vehicle (PC, CV), EV type, aftermarket, and region - global
forecast to 2025" the automotive optoelectronics market is estimated to be USD 3.88
billion in 2018 and is projected to reach a market size of USD 9.80 billion by 2025,
growing at a CAGR of 14.13% during the forecast period. The major factors driving the
growth of the global automotive optoelectronics market are the increase in sales of
luxury and ultra-luxury vehicles and high demand for leds lighting and safety
application.