Automotive Optic Lenses in Safety System Market Global Industry Analysis and Forecast Till 2025

Automotive optic lenses are combined with the cameras as a vital part of a safety system in automobiles. The camera is developed so that it has image recognition functions and they are integrated with an optic lens that has the ability to sense and muster information. After the information is gathered, it is sent to the controller and it acts as an input data to the controller. The optic lens consists of a number of components such as optical benches, mounting hardware, adhesives, optic glass and reflectors lens housing. These apparatuses are combined based on size, weight, weight, temperature, cost and performance.

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The global optic lenses in safety system market is likely to grow at a considerable pace during the forecast period. The market is estimated based on optimistic sizing and pessimistic sizing methodology. Technological innovations in the field of cameras such as the introduction of high-resolution 360-degree cameras is one of the key factors that is likely to influence the expansion of the global automotive optic lenses in safety system market. Innovations in the past years have resulted into the development of the automotive advanced driver assistance systems including lane warning system and surround view systems. These systems can offer drivers with 3D images from a variety of angles. The latest optic lenses in safety system from manufacturers including Continental and Bosch are able to create a full 360-degree 3D view of the automobile. The presence of any obstacle surrounding the vehicle can be detected by the system which helps in parking. Moreover, the TDA 2× surround-view system produced by Texas Instruments offers seamless stitching by means of advanced photometric and geometric alignment algorithms. These are implemented by digital signal processors which help the drivers in terms of safety. These factors are likely to boost the global automotive optic lenses in safety system market during the forecast period.

Another trend that is likely to gain momentum in the global optic lenses in safety systems market is the replacement of traditional lenses by wide-angle lenses in the automotive camera modules. The FOV or field of view of rear view cameras is usually over 140 degrees. However, wider field of views generates greater aberrations that increase the total number of field elements that are required to make the aberrations precise. This leads to an increased cost that might act as a restraining factor for the growth of the global automotive optic lenses in safety system market.

The global optic lenses in safety system market can be segmented by end user, and region. By end user the global automotive optic lenses in safety system market can be bifurcated into OEMs and aftermarket. In 2016, the OEMs held the maximum share of the market. However, the aftermarket segment is likely to surpass the OEM segment by the end of the forecast period. As optic lenses in safety systems gain popularity, the existing cars which do not have the system are likely to upgrade to the advanced optic lenses in safety system. Hence, the adoption of optic lenses in safety systems will increase thereby driving the overall market during the forecast period.

By region, the global optic lenses in safety system market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.  North America held the maximum share of the global optic lenses in safety system market in 2016. Presence of a large number of manufacturers is the primary reason for the dominance of this market in this region. Asia Pacific is projected to grow at a considerable rate during the forecast period.

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Some of the major players operating in the global optic lenses in safety systems market are Nidec Sankyo, Sunny Optical, Hitachi Maxell, Fujifilm, and Sekonix. Some of the other vendors in the market are Gentex, Kyocera, DigitalOptics Corporation, and Boowon Optical.

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Market segments and sub-segments
Market trends and dynamics
Supply and demand
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The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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