What is Automotive Imaging Market Scope?
The automotive imaging fuses multiple image sensors into one virtual unit which is capable of surpassing the resolution of the human eye. The automotive imaging helps in delivering the need for horizontal coverage, 3D object resolution, and static & dynamic object screening and real-time data. With the advancement of imaging, sensors are driving huge growth potential in the automotive imaging market. This market having a great opportunity with the advancement of technologies in the automotive sector this includes smart cars, head-mounted augmented and virtual reality (AR/VR) devices, camera drones, Internet of Things (IoT) appliances, and 3D facial-recognition systems for security and surveillance.
Influencing Trend:
High Adoption of High Dynamic Range and Low Light Sensitivity Sensors and Highest Growing Demand in Machine Vision Including 3D
Market Growth Drivers:
Increasing Number of Accidents across the United States, High Demand for Autonomous Vehicles and Raising Awareness for the Image Quality from Automotive Industry
Challenges:
Complex Designing, Short Device Lifetimes, Component Interdependencies and Challenge of Maintaining Image Quality
Restraints:
High Production and Maintenance Cost and Fluctuation in Interest Rates and Foreign Currency Exchange Rates
Opportunities:
Rising Trend of Driverless Cars, Growing Demand for Protection While Driving and Advancement of Technologies
The Automotive Imaging market study is being classified, by Application and major geographies with country level break-up.
The global automotive imaging market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Automotive Imaging market throughout the predicted period.
Continental AG (Germany), Denso Corporation (Japan), Quanergy Systems Inc. (United States), Valeo (France), Velodyne LiDAR Inc. (United States), Phantom Intelligence (Canada), Teledyne Optech Incorporated (Canada), Omnivision Technologies Inc. (United States), Leddartech (Canada) and Stemmer Imaging (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are OmniVision Technologies, Inc. (United States), Jabil (United States) and Yole (France).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Imaging market by Type, Application and Region.
On the basis of geography, the market of Automotive Imaging 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).
Market Influencers and their Development Strategies
In July 2022, Continental acquired NorrVulk AB, a specialist in conveyor belt systems and services based in Gällivare, Sweden. This acquisition complements the technology company's portfolio for selling conveyor belt systems and related services and strengthens business with industrial customers in the region. “With NorrVulk, we have successfully acquired one of the leading suppliers of conveyor belts and related services in northern Sweden.
In Aug 2019, SmartSens announced the partnership with MEMS Drive to enhance the field of CMOS image sensing chip and chip-level optical image stabilization technologies. Additionally, in Jan 2019, Ainstein announced the launch of the K-79 autonomous automotive imaging radar sensor to validate the autonomous operation of vehicles in hazard conditions.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, CMOS Image Sensor Vendors, Automotive Imaging Service Providers, Government Regulatory and Research Organizations and End-Use Industries
Automotive Imaging Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Imaging Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Imaging industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.