What is Automotive Compact Camera Module Market Scope?
Automotive compact camera module is used in vehicles for safety purposes due to the rising of the accident on the road. Increasing of new car assessment program in developing countries is major driving factor for the growth automotive compact camera module market. Supportive government actions and the increasing trend of installing advanced driver assistance systems (ADAS) in passenger cars have projected the growth of the automotive compact camera module market over the forecast period.
Influencing Trend:
Integrated Automated Driving and Advanced Driver Assistance Systems in Automobile is Rising
Market Growth Drivers:
Increasing Demand from Automotive Market in Developed and Developing Economies, Rising Demand for Advanced Front and Rear Mobile Cameras and Increasing Number of Road Accidents Globally
Challenges:
High Maintenance Cost of Automotive Compact Camera Module
Restraints:
High Cost Associated with Automotive Compact Camera Module
Opportunities:
Growing Investment in Technological Advancement and Development of the Compact Camera by the Manufacturers
The Automotive Compact Camera Module market study is being classified by Type (Pixel Size More than 1080p, Pixel Size 720p to 1080p and Pixel Size Less than 720p), by Application and major geographies with country level break-up.
According to AMA, the Global Automotive Compact Camera Module market is expected to see growth rate of 8.5% and may see market size of USD52.1 Billion by 2028.The demand for Automotive Compact Camera Module is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Mobileye, LG Innotek, Ambarella, Inc., Continental AG and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how automotive compact camera module can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analysts at AMA predicts that Vendors from Asian and European will contribute to the maximum growth of Global Automotive Compact Camera Module market throughout the predicted period.
Mobileye (Israel), LG Innotek (South Korea), Ambarella, Inc. (United States), Continental AG (Germany), Valeo (France), Aptiv PLC (Ireland), Autoliv Inc (Sweden), Ficosa International S.A. (Spain), Transcend Information, Inc. (Taiwan) and sharp Electronics Corporation (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are LITE-ON Technology Corporation (Taiwan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Compact Camera Module market by Type, Application and Region.
On the basis of geography, the market of Automotive Compact Camera Module 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 October 2021 Ambarella had announced the acquisition of Oculii. The acquisition broadens Ambarella's addressable market by combining its existing edge AI CV perception SoCs for automotive and other IoT endpoint applications, such as mobile robotics and security, with radar perception and fusion. The combination of Ambarella's camera technology and Oculii's radar software stack creates an all-weather, low-cost, and scalable perception solution that allows automotive tier 1s and OEMs throughout the world to achieve increasing degrees of autonomy.
In October 2021, LG Electronic had announced the launch of its innovative Advanced Driving Assistance System (ADAS) camera module. LG's advanced ADAS features include Automatic Emergency Braking (AEB), Lane Departure Warning (LDW), Lane Keeping Assist (LKA), Traffic Sign Recognition (TSR), Intelligent Head-Light Control (IHC), and Adaptive Cruise Control (ACC), among others, to ensure the safety of not only the vehicle's occupants but also other motorists and pedestrians. Many nations will make AEB and LDW, two technologies supported by LG's ADAS technology, mandatory for new vehicles by 2022.
Key Target Audience
Electrical panel Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Automotive Compact Camera Module Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Billion) |
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 Compact Camera Module 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 Compact Camera Module 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.