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The automotive camera module market share is expected to increase by 46414 thousand units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.74%.
This automotive camera module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers module market segmentation by functionality (driver assistance camera and driver support camera), application (passenger vehicles and commercial vehicles), and geography (North America, APAC, Europe, South America, and MEA). The module market report also offers information on several market vendors, including Ambarella Inc., ams OSRAM AG, ASMPT Ltd., Continental AG, Denso Corp., Kappa optronics GmbH, Kyocera Corp., LG Innotek, Magna International Inc., Mcnex Co. Ltd, Mobileye Technologies Ltd., Motherson Sumi Systems Ltd., Panasonic Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stellantis NV, Stonkam Co. Ltd., Texas Instruments Inc., Valeo SA, and Veoneer Inc. among others.
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The increased popularity of CMOS sensors due to improved performance is notably driving the module market growth, although factors such as high replacement costs associated with camera modules may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the module industry. The holistic analysis of the drivers will help deduce end goals and marketing strategies to gain a competitive edge.
Key Automotive Camera Module Market Driver
The increased popularity of CMOS sensors due to improved performance is a key driving factor impacting the global automotive camera module market growth. CCD sensors were widely used in the automotive sector for machine vision applications. However, due to factors such as low cost and high performance, CMOS sensors have gained popularity. Furthermore, CCD image sensors are more expensive than CMOS sensors as they need a specialized manufacturing process, and it is used in high-end consumer electronic products and automotive applications. Moreover, although CCD sensors had better performance than CMOS sensors, with rapid technological advancements, CMOS sensors have reduced the performance gap. Furthermore, the main objective of CMOS camera modules in the automotive sector is to enhance car safety, driving assistance, and comfort level. Moreover, the increase in their adoption is mainly attributed to the enforcement of government regulations in different regions. Also, Nissan, Ford, and Tesla are marketing the advantages of using CMOS sensors. Camera modules equipped with CMOS sensors are used only in luxury and premium cars. Such sensors are also used in smartphones, tablets, personal computers, and industrial security applications.
Key Automotive Camera Module Market Trend
Increased usage of wide-angle camera technology is a key trending factor impacting the global automotive camera module market growth. The development of the camera system for the automotive market is rapidly gaining importance, primarily driven by the growing safety concerns for both paper and vulnerable road users, such as pedestrians. The usage of wide-angle lenses in automotive camera modules is gaining importance due to their wide field coverage and enhanced picture quality. OEMs are exploring safety solutions that detect the driver's blind spots on the road; hence, to expand the coverage field of cameras, wide-angle technology is being used. Although the image from wide-angle lens cameras is subject to certain irregularities, such as radial distortion, uneven illumination, and tangential distortions, that could negatively impact the output of the camera. OEMs and camera module manufacturers are actively investing in improving the output from wide-angle cameras. Maxell Holdings Ltd., a Japan-based optical technologies provider for automotive and other industries, has introduced a range of advanced wide-angle lenses equipped with aspherical plastics. The company has designed these cameras with anyone wider coverage, and they are coated with aspherical plastic making the lenses heat resistant.
Key Automotive Camera Module Market Challenge
High replacement costs associated with camera modules will be a key challenge negatively impacting the global automotive camera module market growth. The modules have not been able to penetrate the entry-level and lower variants of mid-segment cars, especially in emerging nations, as they increase the price of the vehicle. Although the replacement costs of these cameras are not high, the total cost incurred is very high as it is a time-consuming and labor-intensive job. Some automakers include these cameras in the basic price of cars. However, camera manufacturers are trying to bring down the cost of manufacturing automotive camera systems, which will lead to their adoption in the lower variant of mid-trim and entry-segment vehicles. High-end camera systems include several features, such as large screen monitors, GPS navigation, multiple cameras, better image resolution, and night vision cameras. These may cost between $1,000 and $1,200. As a result, consumers may be reluctant to install automotive camera modules in their vehicles due to the high cost.
The module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global automotive camera module market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the module market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive camera module market encompasses successful business strategies deployed by the key vendors. The automotive camera module market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive camera module market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive camera module market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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