Automotive Camera Sensor Market to Generate Revenue Worth $5,847.3 Million by 2030

The global automotive camera sensor market reached $1,869.4 million in 2019. Further, the market is expected to generate $5,847.3 million revenue in 2030, exhibiting a CAGR of 11.0%, during the forecast period (2020–2030). Charge-coupled device (CCD) camera sensors were the largest category during the historical period (2014–2019), based on type.

During the forecast period, complementary metal oxide semiconductor (CMOS) camera sensors are expected to be the fastest growing category in the automotive camera sensor market. CMOS sensors are smaller in size, consume lesser power, and are much easier to integrate in the vehicles, which is expected to propel the growth of the category.

Entry of Technology Giants is a Major Trend in the Market

One of the major trends being witnessed in the automotive camera sensor market is the entry of many major tech players. The market exhibits a high growth potential in the coming years, with the advancements and increasing adoption of autonomous vehicles, which is encouraging many renowned players in the tech industry to invest in the automotive sensors market. For instance, in January 2020, Sony Corp. announced that it would begin the development of autonomous cars, by developing different sensing and safety technologies (including camera sensors) for these vehicles.

Increasing Installation of ADAS Features in Vehicles is a Major Driver for the Market

Many countries across the world are mandating the implementation of different advanced driver assistance system (ADAS) features in vehicles, to ensure enhanced safety. Many ADAS features, such as lane departure warning (LDW), traffic sign recognition (TSR), surround view, park assist, and road vulnerability detection, are highly reliant on camera sensors. Thus, with the growing adoption of vehicles with different levels of autonomy, the demand for camera sensors are expected to surge, thereby propelling the growth of the automotive camera sensor market.

Segmentation Analysis of Automotive Camera Sensor Market

• Fully-autonomous vehicles are expected to attain faster growth in the automotive camera sensor market, during the forecast period, on the basis of vehicle autonomy. The high technical dependency of these automobiles on advanced ADAS sensors including camera sensors, is the major reason for the expected growth of the category.
• The non-visible spectrum category is projected to exhibit faster growth during the forecast period, on the basis of spectrum. These sensors have a superior performance, as they can efficiently detect ultraviolet, radio, as well as infrared stimuli.
• Passenger car was the larger category during the historical period, based on vehicle type. Most of the technical innovations taking place in the automotive industry are initially implemented in passenger cars, which creates a higher demand for advanced sensors including camera sensors.

Geographical Analysis of Automotive Camera Sensor Market

APAC is expected to be the fastest growing region in the automotive camera sensor market during the forecast period, as it is witnessing massive expenditure in research and development (R&D) activities by big automotive giants. Moreover, the key regional players are actively collaborating with technology-providing companies, to offer advanced products to consumers, which is further leading to the development of the market in APAC.

Competitive Landscape of Automotive Camera Sensor Market

The key players in the automotive camera sensor market are involved in different strategic measures to gain a competitive advantage. For instance, in December 2019, OmniVision Technologies Inc. announced the launch of two 8MP automotive image sensors, namely front-view OX08A and OX08B. The sensors would be ideal for front-view automotive applications, such as ADAS and level 3+ autonomous vehicles.

Browse report overview with detailed TOC on "Automotive Camera Sensor Market Research Report: By Type (CMOS, CCD), Dimension (2-Dimentional, 3-Dimentional), Array Type (Linear, Area), Spectrum (Visible, Non- Visible), Vehicle Autonomy (Semi-Autonomous Vehicle, Fully-Autonomous Vehicle), Vehicle Type (Passenger Car, Commercial Vehicle), Application (LDW, TSR, Surround View, Park Assists, Road Vulnerability Detection, DMS, Occupancy Detection) - Industry Size, Trend, Growth and Demand Forecast to 2030" at:https://www.psmarketresearch.com/market-analysis/automotive-camera-sensor-market

Some of the major players operating in the global automotive camera sensor market are OmniVision Technologies Inc., ON Semiconductor Corp., Panasonic Corp., STMicroelectronics Inc., Aptiv PLC, Autoliv Inc., Continental AG, Infineon Technologies AG, Pixelplus Co. Ltd., and Teledyne Technologies Inc.