Automotive Camera Module Market Overview
The global automotive camera module market is expected to register significant growth in the forecast period (2020–2030). The major drivers propelling the industry growth are the increasing demand for luxury vehicles and integration of advanced safety features, including advanced driver assistance system (ADAS) in vehicles. Another important factor predicted to fuel the growth of the industry is the use of the artificial intelligence (AI) technology in future mirrorless cars.
Based on application, the automotive camera module market is categorized into lane departure warning (LDW), park assist (PA), adaptive cruise control (ACC), blind spot detection (BSD), and autonomous emergency braking (AEB), and others. Among these, park assist systems are presently equipped in many vehicles and therefore are projected to have the dominant market share during the forecast period. However, the use of LDW application is also picking up, and this category is expected to grow significantly in the forecast period.
Based on technology, the automotive camera module market is divided into digital, thermal, and infrared. Amongst all, the thermal camera division is expected to grow at the highest rate during the forecast period, due to the application of such devices in night vision systems and usefulness in adverse weather conditions, such as fog and rain. The infrared division is also expected to grow at a significant rate in the forecast period, majorly on account of the infrared camera technology in autonomous vehicles.
Based on vehicle type, the global automotive camera module market is bifurcated into passenger and commercial vehicles. Of these, the passenger vehicle bifurcation is expected to have the largest market share, due to the favorable demand for passenger vehicles equipped with ADAS sensors as well as for autonomous cars.
Based on region, the automotive camera module market can be categorized into North America, Europe, Asia-Pacific (APAC), Latin America, Middle East, & Africa (LAMEA). North America is expected to lead the industry, due to the rising demand for luxury vehicles, coupled with the swift installation of ADAS in both, passenger cars and commercial vehicles. It would be followed by Europe, in terms of the market share, owing to the regulatory norms related to the installation of safety technologies, and driver assistance systems in vehicles, mainly in passenger cars.
Market Dynamics
Trends
Automotive cameras and camera modules are being integrated in ADAS, worldwide. The modular automotive reference system (MARS), which comprises different lenses, image sensors, and image signal processors, is being used in rear-view and surround-view systems, in-cabin cameras, and autonomous vehicles. Original equipment manufacturers (OEMs) are developing and installing advanced night vision camera modules, to ensure enhanced collision prevention in the dark. Hence, its integration in the vehicles equipped with ADAS technologies is being seen as a major trend in the automotive camera and camera module market.
Drivers
The key factors behind the growth of the market are the influence of the New Car Assessment Program (NCAP), rising demand for luxury and autonomous vehicles around the world, popularity of advanced safety features, and government regulations mandating the integration of multi-purpose cameras, to reduce road accidents and collisions. Another important growth-propelling factor for the automotive camera module market is the support from insurance companies because of the increasing frequency of crashes and road mishaps. The use of complementary metal-oxide semiconductor (CMOS) sensors in automobiles, as a result of their improved functionality at lower costs, is giving a boost to the market growth, by encouraging CMOS manufacturers to develop camera module sensors at lower costs and with more features.
Restraints
The major restraint in the growth of the automotive camera module market is the high cost of these components. In addition, camera module replacement is a time-consuming job, which could hamper the industry growth in the future. Apart from these challenges, another significant restraining factor is the operational glitches in the cameras.
Competitive Landscape for Automotive Camera Module Market
The major strategies being adopted by the key players in the automotive camera and camera module market are partnerships, collaborations, mergers, and acquisitions. Automobile manufacturers are leveraging the expertise of their camera and camera module suppliers, to integrate such advanced and multi-purpose camera systems in the vehicles.
Some of the major players in the market are Hyundai Mobis Co. Ltd., OmniVision Technologies Inc., Magna International Inc., DENSO Corporation, Robert Bosch GmbH, Valeo SA, Clarion Co. Ltd., Autoliv Inc., and STONKAM Co. Ltd.
The report covers a country-wise automotive camera and camera module market analysis. Some of the major countries covered in the report are the U.S., Canada, the U.K., France, Germany, Russia, Italy, China, Japan, India, South Korea, Brazil, Iran, Mexico, South Africa, and the U.A.E.
Automotive Camera Module Market Size Breakdown by Segment
The Automotive Camera Module Market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030.
Based on Application
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Lane Departure Warning (LDW)
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Park Assist (PA)
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Adaptive Cruise Control (ACC)
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Blind Spot Detection (BSD)
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Autonomous Emergency Braking (AEB)
Based on Technology
Based on Vehicle Type
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Passenger Vehicle
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Commercial Vehicle
Geographical Analysis
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Europe
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U.K.
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France
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Germany
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Russia
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Italy
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Asia-Pacific (APAC)
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China
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Japan
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India
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South Korea
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Latin America, Middle East, & Africa (LAMEA)
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Brazil
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Mexico
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South Africa
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U.A.E.
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Iran
