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Automotive Camera Sensor Market by Technology (Mono-vision, Multi-vision), Application (ADAS, Park Assists, Others)and Region - Global Forecast 2021–2027

Format: PDF | Pages: 400 | Report ID: MRS1005


Report Description

The global Automotive Camera Sensor market size is estimated at USD 1,600.8 million in 2020, expanding at a CAGR of 9.23% from 2021-2027 to reach 3,184.3 million USD in 2027.

Market Dynamics

The automotive Camera Sensor market is expected to witness substantial growth over the forecast period. The market is driven by their unique ability to detect colors which include the ability to see traffic lights and read stop signs. The lower cost of camera sensors, when compared to LiDAR and RADAR, makes them ideal for many ADAS applications. Due to their lower cost, camera sensors are increasingly becoming the “base sensor” for many OEMs building. These sensors find their application in Pedestrian, park assist, night vision, traffic sign recognition. All these key benefits are fuelling the market growth.

In addition, the growing passenger & pedestrian safety concerns, the governments are making basic safety features such as rear-view cameras mandatory in all vehicles. For example, rearview cameras are mandatory for all new cars sold in the Canada and U.S. Further, developing countries like India are planning to make their installation mandatory in new cars sold. Thus, stringent safety regulations would continue to boost the sales of camera sensors over the forecast period. Moreover, the development of image processing speed is expected to increase the cameras demand from ADAS applications.

The Asia Pacific is estimated to dominate the global market. Vehicle hybridization & electrification, along with increasing production of electric vehicles, & rising sales of passenger vehicles across the region is boosting the market growth. Europe is projected to propel at a significant rate over the forecast period. The presence of a large number of automobile manufacturers in Europe is attributed to market growth. Further, North America is expected to hold a significant amount of market share.

The Automotive Camera Sensor market is fragmented into technology and applications segments. Based on technology, the monovision cameras segment is anticipated to dominate the market. By application, the ADAS segment is projected to grow at the highest CAGR during the forecast period.

The Automotive Camera Sensor market is moderately competitive in nature with the presence of local & international players. Key players in the industry engage in strategic partnerships, mergers & acquisitions, and new product launches to strengthen their position in the market.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of the Automotive Camera Sensor by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, , etc.)

  • Sony
  • OmniVision
  • Sony
  • ON Semiconductors
  • Toshiba
  • Valeo
  • Continental
  • Garmin
  • Continental AG
  • Panasonic
  • Continental AG
  • ZF Friedrichshafen
  • Hella KGaA Hueck & Co.
  • Magna International
  • Bosch Mobility
  • Aptiv
  • Magna

Technology Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Mono-vision
  • Multi-vision

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • ADAS
  • Park Assists
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Automotive Camera Sensor market size is estimated at USD 1,600.8 million in 2020, expanding at a CAGR 9.23% from 2021-2027 to reach 3,184.3 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The Automotive Camera Sensor market is moderately competitive in nature with the presence of local & international players. Key players in the industry engages into strategic partnership, merger & acquisition, and new product launches to strengthen their position in the market.

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