Optoelectronic components are playing a critical role in the automotive industry, enabling advanced features such as LiDAR for autonomous driving, LED lighting, and advanced driver assistance systems (ADAS). The Optoelectronics Market is benefiting from the growing adoption of electric vehicles (EVs) and the push for safer, more connected vehicles. Optoelectronics provide high-speed communication, precise sensing, and efficient lighting, making them indispensable in modern automotive electronics. As the automotive industry evolves, the demand for optoelectronic components is expected to rise significantly.