Automotive Vision Systems Market Size, Industry Analysis, Cost Structures and Future Forecasts to 2026 | Reports And Data

The Automotive Vision Systems market was valued at USD 11.9 billion in 2018 and is expected to reach USD 34.9 billion by the year 2026, at a CAGR of 14.39% CAGR during the forecast period (from 2018-2026). The global automotive vision system, market is driven by factors such as an increase in the number of automated and connected vehicles and a decrease in manufacturing cost of instruments - camera, LiDAR, radar systems.

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The average number of sensors or vision system instruments in a vehicle is likely to increase with the increase in the level of autonomy. According to NXP, cars with level 3 autonomy will use 3-6 cameras along with other sensors. Also, nowadays, vehicles are equipped with a multi-camera system that detects every surrounding aspect of the vehicle. These instruments are helpful in gathering a huge amount of data to implement the machine learning algorithms in the computer system of the car.

Key participants include, Autoliv, Inc. (Veoneer Inc.), Denso Corporation, Mobileye, ZF Friedrichshafen, Magna International, Omnivision Technologies Inc., Continental AG, Aptiv, Robert Bosch GmbH, Omron Corporation and others
On-road safety is being highly emphasized by several governments as well as automotive OEMs. The auto OEMs and ancillaries are inclined toward adding multiple features for safety with strong R&D activities. The emergence of ADAS is an important factor boosting the growth of automotive vision system markets.

For the purpose of this study, Reports and Data have segmented the industry by Instrument, by Applications, by Vehicle Type and by Region:

Automotive Vision Systems Market by Instrument (Revenue, USD Million; 2016-2026)
Camera
Infrared
Thermal
Digital
LiDAR
Radar
Fusion

Automotive Vision Systems Market by Applications (Revenue, USD Million; 2016-2026)
Adaptive Cruise Control
Adaptive Front Light
Automatic Emergency Braking
Blind Spot Detection
Cross Traffic Alert
Driver and passenger Monitoring System
Forward Collision Warning
Intelligent Park Assistance
Lane Departure Assistance
Night Vision System
Pedestrian Detection System
Road Sign Recognition
Others

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Automotive Vision Systems Market by Vehicle Type (Revenue, USD Million; 2016-2026)
Passenger Vehicle
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)

Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest-
-Driver monitoring system is expected to lead the automotive vision market over the forecast period
-In 2017, as per the National Highway Traffic Safety Administration (NHTSA), approximately 3,166 people were killed by distracted driving. To increase driver's attention while driving a car, auto OEM are incorporating driver assist systems and driver fatigue monitoring systems
-APAC region is anticipated to be one of the key regions for the automotive vision system market. The presence of a large number of manufacturing plants in the region particularly in China and growth in the demand for luxury vehicles are major factors contributing towards growth of the automotive vision systems market. China is a major manufacturer in the automobile sector and one of the largest auto markets globally. The country has been experiencing a growing demand for luxury cars...Continued

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