Automotive Sensor and Camera Technologies Market Scope
Automobile sensors are intelligent sensors that would be used to control and process oil pressure, temperature, emission levels, coolant levels, and so on. There are various types of sensors being used automobiles, but understanding how these sensors work is critical. The Automotive Camera is an onboard camera that is designed to record high-quality video in order to improve visibility and driver safety. These cameras are primarily used to assist drivers with parking, vehicle performance evaluation, night vision, and evidence collection. Furthermore, advanced computer vision techniques are built into them, that also extract useful data from captured photos to assist the driver with a variety of goals, and play an important role in advanced driver assistance systems .The Automotive Camera Market Share is expected to grow significantly due to increased automobile sales and developments in camera sensors. Furthermore, a rise in the number of road fatalities is expected to fuel the growth in the Automotive Camera Market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Elmos Semiconductor (Germany), STMicroelectronics (Switzerland), Allegro Microsystems, LLC (United States), NXP Semiconductors (Netherlands), Continental AG (Germany), Infineon Technologies AG (Germany), CTS Corporation (United States), OMNIVISION Technologies, Inc. (United States), TE Connectivity (Switzerland), Texas Instruments Incorporated (United States), Sensata Technologies, Inc. (United States), Littelfuse Inc. (United States), Robert Bosch GmbH (Germany) and Maxim Integrated (United States) |
CAGR | % |
The market for Automotive Sensor and Camera Technologies is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Automotive Sensor and Camera Technologies market throughout the predicted period.
Elmos Semiconductor (Germany), STMicroelectronics (Switzerland), Allegro Microsystems, LLC (United States), NXP Semiconductors (Netherlands), Continental AG (Germany), Infineon Technologies AG (Germany), CTS Corporation (United States), OMNIVISION Technologies, Inc. (United States), TE Connectivity (Switzerland), Texas Instruments Incorporated (United States), Sensata Technologies, Inc. (United States), Littelfuse Inc. (United States), Robert Bosch GmbH (Germany) and Maxim Integrated (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Automotive Sensor and Camera Technologies market by Type , by Application (Cars, SUV, Pickup Trucks, Commercial Vehicle and Others) and Region with country level break-up.
On the basis of geography, the market of Automotive Sensor and Camera Technologies has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 30 November 2021, Sensata Technologies has completed an acquisition of video telematics provider SmartWitness Holdings, Inc. This acquisition meaningfully advances Sensata’s Insight megatrend-focused growth initiative and expands on the acquisition of Xirgo Technologies serving transportation and logistics end-market
On 2 June 2020, OMNIVISION Technologies, Inc., a leading developer of advanced digital imaging solutions, today announced the OX03C10 ASIL-C automotive image sensor—the world’s first for viewing applications that combines a large 3.0 micron pixel size with a high dynamic range (HDR) of 140 dB and the best LED flicker mitigation (LFM) performance for viewing applications with minimized motion artifacts.
Automotive Sensor and Camera Technologies Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - The Growth In Technological Advancement In Automobile Industry Has Been Driving The Market.
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Key Restraints | - High Cost Associated With Repair And Maintenance Of Automotive Sensor And Camera Technologies
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Challenges | - Issues Regarding Technology Up gradation of Automotive Sensor And Camera Technologies
- Intense Competition Among Players
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Market Opportunities | - Rising Adoption Of Autonomous Vehicles In Develop Regions
- Growth And Expansion Of Automotive Industry
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Key Target Audience
New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others