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Dec 29th, 2022 · Comments Off on Automotive Optoelectronics Market Size & Share | Forecast – 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.
The...
Sep 24th, 2018 · Comments Off on Optoelectronics Market-Global industry Size, Market Share, Market Trends and 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.
Market Dynamics-
Drivers
1 High Demand and Increasing Sales of Luxury and Ultra-Luxury Vehicles
2 Increase in Awareness about Vehicle Safety
3 Long Life and Low Power Consumption of Optoelectronics...