CHICAGO, UNITED STATES, July 4, 2023/EINPresswire.com/ — Global ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ฆ๐๐ซ๐ ๐๐จ๐๐ฎ๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ to attain a ๐ซ๐๐ฏ๐๐ง๐ฎ๐ ๐จ๐ ๐๐$ ๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐ ๐๐ซ๐จ๐ฆ ๐๐$ ๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐๐, registering a ๐๐๐๐ ๐จ๐ ๐๐.๐% during the forecast period from 2023 to 2031.
๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/automotive-camera-and-camera-module-market
At the same time, the global Automotive camera market is estimated to reach ๐๐$ ๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐, growing at a ๐๐๐๐ ๐จ๐ ๐๐.๐% from 2023 to 2031.
Due to rising ADAS demand, government rules on vehicle safety, and the trend toward autonomous vehicles, the automotive cameras and camera modules market is anticipated to expand rapidly in the upcoming years. For instance, the Federal Motor Vehicle Safety Standards (FMVSS) are prescriptive federal laws in the United States that outline the criteria for motor vehicles’ design, construction, performance, and durability. With prominent manufacturers investing in cutting-edge technologies like artificial intelligence and machine learning to improve the capabilities of automotive cameras, the market will expand at a healthy rate.
The growing number of vehicles equipped with ADAS is one of the key factors propelling the automotive cameras and camera modules market. As per Astute Analytica insights, the number of vehicles equipped with ADAS is likely to reach 151 million by 2025 and rise to 361 million by 2030. This rise would increase demand for vehicle cameras and camera modules.
The need for safety features, including lane departure warning systems, collision warning systems, active cruise control systems, emergency braking systems, headlight control systems, traffic sign recognition systems, and other safety systems has increased, according to the automobile industry. The development of sophisticated automotive cameras and camera modules is owing to the rise in safety system demand from car customers. For instance, in 2021, the new Mercedes-Maybach S-Class includes a roof-mounted camera that transmits real-time footage to the center display panel, helping the user to use the vehicle’s satellite navigation systems.
๐๐๐๐ซ-๐๐ข๐๐ฐ ๐๐๐ฆ๐๐ซ๐ ๐๐ฒ๐ฉ๐ ๐๐๐ก๐ข๐๐ฅ๐ ๐ข๐ฌ ๐๐ซ๐๐๐๐ซ๐ซ๐๐ ๐๐ฒ ๐๐ง๐-๐๐ฌ๐๐ซ๐ฌ
With over 37% of the revenue share, the rear-view camera segment is likely to generate the highest revenue share. This is due to the growing need for rear-view cameras to comply with rules and for safety reasons. OEMs will be able to expand their selection of safety and convenience options throughout the entire cabin due to the monitoring of all interior passengers.
๐๐๐ซ๐ค ๐๐ฌ๐ฌ๐ข๐ฌ๐ญ ๐๐ง๐ ๐๐๐ง๐ ๐๐๐ฉ๐๐ซ๐ญ๐ฎ๐ซ๐ ๐๐๐ซ๐ง๐ข๐ง๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐ญ๐จ ๐๐จ๐ฅ๐ ๐๐ฏ๐๐ซ ๐๐% ๐จ๐ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ก๐๐ซ๐
The rising demand for safety and convenience features in cars can be due to the popularity of parking assist and lane departure warning systems in the automotive camera & camera module market.
Due to its capacity to help drivers safely and properly park their vehicles, the parking assist system has captured almost 32% of the revenue of the automotive camera and camera module market. The Parking Assist System has emerged as a critical component for drivers due to the growing number of vehicles on the road and the scarcity of parking places. In order to help the driver park properly, the system employs cameras and sensors to identify impediments and issue visual and audible alerts.
๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐๐จ๐ซ๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/industry-report/automotive-camera-and-camera-module-market
๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ ๐๐๐ซ๐ฌ ๐ญ๐จ ๐๐๐ง๐๐ซ๐๐ญ๐ ๐๐% ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ก๐๐ซ๐
The passenger car segment will account for 71% of the market share due to the growing demand for these systems to enhance safety features and driver assistance systems in passenger vehicles. Due to an increase in passenger car production and sales, the passenger car segment is predicted to dominate the market. For instance, the number of passenger automobiles sold in the United States increased from 2,303,0 thousand to 3,351,1 thousand. Additionally, there is a large increase in the per capita income of consumers in developing nations. Over the projection period, the passenger cars category is also expected to grow because of the increasing usage of safety systems like ACC, blind spot recognition, and lane keep assist.
๐๐ฌ๐ข๐ ๐๐๐๐ข๐๐ข๐ ๐๐๐ง๐๐ซ๐๐ญ๐๐ ๐๐% ๐จ๐ ๐ญ๐ก๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ก๐๐ซ๐
The Asia Pacific generated the highest revenue in the automotive cameras and camera modules market. The region produced more than 47% of the market’s revenue in 2022. Due to a number of variables, the region is anticipated to keep dominating the market. The growing demand for automotive cameras and camera modules brought on by the expanding automotive sector in the region is one of the major factors driving the Asia Pacific Automotive Camera & Camera Module market. Several nations in the Asia Pacific region, including China, Japan, and India, rank among the biggest producers of automobiles worldwide. Improve safety features, driver assistance systems, and other uses have increased demand for car cameras and camera modules.
Market expansion in this region is anticipated to be driven by rising car sales and production. For instance, according to data from the China Association of Automobile Manufacturers (CAAM), Chinese automakers produced 27.02 million units in 2022, up 3.4% from the previous year, while sales increased by 2.1% to 26.86 million units. Additionally, rising consumer disposable income and the accessibility of raw materials are two factors that are boosting market expansion in this region.
๐๐จ๐ฉ ๐ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ญ๐จ ๐๐จ๐ฅ๐ ๐๐ฏ๐๐ซ ๐๐% ๐๐๐ฏ๐๐ง๐ฎ๐ ๐๐ก๐๐ซ๐ ๐จ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ฆ๐๐ซ๐ ๐๐ง๐ ๐๐๐ฆ๐๐ซ๐ ๐๐จ๐๐ฎ๐ฅ๐ ๐๐๐ซ๐ค๐๐ญ
The top 5 competitors hold a combined market share of over 42.8%, indicating monopolistic competition in the market. With a market share of nearly 16%, Continental AG leads the field. Autoliv, Inc. ranks second with a 9.2% share. Local and small-scale firms make up the majority of the market share of the top players in the global automotive camera & camera module market. Denso Corporation, Continental AG, Aptiv PLC, Autoliv, Inc., and Valeo are some of the market’s leading competitors.
Continental AG, a market leader in the global automotive camera and camera module market, has actively pursued strategic acquisitions of local and smaller international firms to broaden its geographic scope and product offering.
Additionally, Continental AG places a high priority on research and development and has made significant investments in creating sophisticated camera and sensor technologies for applications involving autonomous driving. In the global automotive camera and camera module market, the company has been working with top automakers to develop next-generation ADAS technologies, such as advanced radar and lidar systems that allow for highly automated driving and camera systems that can detect and classify objects in real-time.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ
โข Aptiv PLC
โข Autoliv, Inc
โข Continental AG
โข Denso Corporation.
โข Garmin Ltd
โข Hyundai Mobis Co., Ltd.
โข Kappa optronics GmbH
โข Magna International Inc.
โข Mobileye
โข OmniVision
โข Ricoh
โข Robert Bosch Gmbh
โข Valeo
โข ZF Friedrichshafen AG
โข Other Prominent Players
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐ฅ๐ข๐ง๐
๐๐ก๐ ๐ ๐ฅ๐จ๐๐๐ฅ ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐๐ฆ๐๐ซ๐ & ๐๐๐ฆ๐๐ซ๐ ๐ฆ๐จ๐๐ฎ๐ฅ๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐จ๐๐ฎ๐ฌ๐๐ฌ ๐จ๐ง ๐๐ฒ๐ฉ๐, ๐ ๐จ๐๐ฎ๐ฌ, ๐๐๐ก๐ข๐๐ฅ๐, ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ๐ฌ, ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง, ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ, ๐๐ง๐ ๐๐๐ ๐ข๐จ๐ง.
๐๐๐ฆ๐๐ซ๐ โ ๐๐ฒ ๐๐ฒ๐ฉ๐
โข Rear View Camera
โข Surround View Camera
โข Mono Camera
โข Driver Monitoring Camera
โข High-Resolution Thermal Camera
๐๐๐ฆ๐๐ซ๐ โ ๐๐ฒ ๐
๐จ๐๐ฎ๐ฌ
โข Fixed
โข Auto
๐๐๐ฆ๐๐ซ๐ โ ๐๐ฒ ๐๐๐ก๐ข๐๐ฅ๐
โข Passenger Cars
o Economy Vehicle
o Mid-Priced Vehicle
o Luxury Vehicle
โข Commercial Vehicle
o Light Commercial Vehicle
o Heavy Commercial Vehicle
๐๐๐ฆ๐๐ซ๐ ๐๐จ๐๐ฎ๐ฅ๐ – ๐๐ฒ ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ๐ฌ
โข Hardware
o Lens Module
o IR Filters
โข Image Sensors
๏ง CMOS
๏ง CCD
โข Others (NMOS, InGaAs, sCMOS)
โข PCB
โข Others
Software
โข Imaging Algorithms
โข Image Signal Processing Software
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โข Park Assist System
โข Lane Departure Warning System
โข Adaptive Cruise Control System
โข Autonomous Emergency Braking System
โข Blind Spot Detection
โข Intelligent Headlight System
โข Others
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
โข OEM
โข Aftermarket
๐๐ฒ ๐๐๐ ๐ข๐จ๐ง
โข North America
o The U.S.
o Canada
o Mexico
โข Europe
โข Western Europe
๏ง The UK
๏ง Germany
๏ง France
๏ง Italy
๏ง Spain
โข Rest of Western Europe
Eastern Europe
๏ง Poland
๏ง Russia
โข Rest of Eastern Europe
Asia Pacific
โข China
โข India
โข Japan
โข Australia & New Zealand
โข South Korea
โข ASEAN
โข Rest of Asia Pacific
Middle East & Africa (MEA)
โข Saudi Arabia
โข South Africa
โข UAE
โข Rest of MEA
South America
โข Argentina
โข Brazil
โข Rest of South America
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐๐ฉ๐จ๐ซ๐ญ@- https://www.astuteanalytica.com/request-sample/automotive-camera-and-camera-module-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ๐ญ๐ฎ๐ญ๐ ๐๐ง๐๐ฅ๐ฒ๐ญ๐ข๐๐:
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Astute Analytica
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