Asia pacific is estimated to be the fastest growing regional market for
automotive optoelectronics market
The Asia pacific region is projected to be the fastest growing market for automotive
optoelectronics during the forecast period. The market growth in the region can be
attributed to the rapid growth of the automotive sector in countries such as china, japan,
India, and south Korea. Moreover, the improved lifestyle of consumers and rapid
urbanization have boosted the demand for passenger cars and commercial vehicles, thus,
driving growth of the automotive optoelectronics market in the region.
The key players in the automotive optoelectronics market are osram (germany), texas
(US), vishay (US), broadcom (US), hella (germany), and magneti marelli (italy).