Vehicle Camera Module Market Leading Companies, Industry Demand And Opportunity 2021-27

Precision Business Insights published a research report on “Vehicle Camera Module Market By Type (Back Camera, Front Camera, and Others), By Application (Sedans, SUVs, and Others), and Geography - Global/Region/Country Forecast to 2027”.

To be able to follow road markings and information signs in today's world, vehicles must be equipped with powerful electronic image sensor systems, especially during periods of intense traffic congestion. Image sensors and various camera components designed for automotive application are fitted inside or on the front or rear side of a vehicle for safety purposes in automotive camera modules. Drivers can use automotive cameras to detect blind areas and park their automobiles. These cameras are primarily designed to prevent collisions, record driver inclination, and provide a better driving experience overall. Furthermore, these cameras can be used as high-performance security and surveillance systems for cars. Advanced camera modules based on cutting-edge technologies such as 3D depth sensing, ultra-HD display, and infrared thermal technology are found in modern autos. Jabil Optics, a German optical design and production firm, is a major provider of automotive imaging systems. The company's high-performance cameras use Active Alignment technology and include features including back-side lighting, electronic rolling shutter, and a high-resolution lens.

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The rising demand for automotive safety solutions, the rising demand for luxury electric vehicles, the booming automotive industry, technological advancements in automotive imaging solutions, the growing demand for autonomous vehicle safety features, and the increasing government initiatives toward the introduction of advanced vehicle safety solutions are all factors that are favorable to market growth. Due to government vehicle safety standards, the adoption of ADAS and other automotive imaging systems in passenger vehicles is increasing. This is a key growth engine for the global industry. In order to prevent road accidents, the European Union has purportedly enforced the installation of ADAS, LDW, and AEB technologies in passenger vehicles. Advanced automobile cameras with functions like TRS, LDW, and pedestrian recognition are standard in today's luxury electric vehicles. Furthermore, rising demand for these vehicles in both developed and developing nations, owing to improved features such as lower energy usage, stricter pollution standards, and better consumer spending power, is fueling market growth. However, the high costs of automotive camera systems and the difficulties in real-time image processing for particular cameras are two major issues that are limiting the worldwide automotive camera module market's growth.

The Vehicle Camera Module Market on the basis of Camera Type, the market is divided into Infrared, Thermal and Digital. Based on Vehicle Type, the market is categorized into Passenger car, Commercial. In terms of Application Type, the market is segregated into Lane Departure Warning, Adaptive Cruise Control, Blind Spot Detection, Park Assist System.

The Asia Pacific region is expected to develop at the fastest rate among the top regions in the global automotive camera module market throughout the forecast period. The rising production of electric vehicles, growing demand for passenger vehicles, stringent regulations regarding vehicle safety, the introduction of cutting-edge automotive imaging solutions, the region's thriving automotive industry, and the soaring demand for innovative automotive features are all factors contributing to market expansion across the region.

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Some of the major key players in the vehicle camera module market are Panasonic, MCNEX, SEMCO, Tung Thih, Valeo, O-film, Continental, Magna LG, Ingoted Sharp.

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