Key vendors are offering new range of lenses to strategically increase their sales
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global automotive optic lenses in safety system market in their latest research report. This report also lists 4 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the revenue generated by the sales of technologically advanced safety systems that comply with government regulations.
This Technavio report, under automotive electronics vertical, is based on the synthesis, analysis, and interpretation of information about the global automotive optic lenses in safety system market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The players in the market are trying to narrow the technological gaps between Western technological manufacturers and Eastern low-cost companies to drive down prices without affecting the quality. Several players in the market are scaling up operations to increase the revenue and obtain a greater market share. The automotive optic lenses in safety system market is dominated by the established players and new vendors are entering the market to tap new potential thereby intensifying the competition. Manufacturers are introducing multiple camera modules in the safety systems and marketing the products in different locations to increase their global footprint. The companies are offering various safety systems that include driver assistance systems, park assist system (PAS), surround-view systems, LDWS, and lane assist system (LAS) to meet the consumer requirements. Some of these systems introduced are integrated with radar, cameras, and sensors to enhance the safety system in the vehicle and helps minimize the risk of accidents. Companies are also investing in development and innovation of new technology to minimize the impact of collisions and fatalities. The stringent regulations and norms by the government of various countries will prompt vendors to introduce new and better safety systems during the forecast period.
“Automotive manufacturers are launching systems with camera modules that enable the driver to monitor the car’s rear, left and right side, with the help of a display system on the dashboard. The system is being designed to increase safety by eliminating blind spots and keeping driver’s attention on the road ahead. The advent of high-resolution 360-degree cameras will fuel the growth of the optic lenses in safety system market,” says Siddharth J, a lead analyst at Technavio for research on automotive electronics.
Top five vendors in the automotive optic lenses in safety system market space
Sunny
Sunny manufactures and provides integrated optical devices and optical imaging system solution. It offers automotive components that include glass spherical and aspherical lenses, plane products, handset lens sets, vehicle lens sets, and other various lens sets. It also provides optoelectronic-related product applications such as handsets, vehicle imaging systems, digital cameras, optical measuring instruments, security surveillance systems, and high-end optical analytical instruments.
Key products: Spherical lenses (glass), Aspherical lenses (glass), Handset and vehicle lens sets, 3D optoelectronics, and Handset camera modules.
Nidec
The company specializes in motor business, handles motor application products and other business that includes optical components. The product categories offered by the company include small precision motors, home appliance motors, automotive motors, commercial and industrial motors, motors for machinery, and electronic and optical components. The group also offers its camera shutters and lens units through one of its group companies called Nidec Copal.
Key products: Optical system units, Camera Shutters and Lens Units, Ultra-wide-angle lens units, Interchangeable lens for camera, Rear-view camera module, and Camera module for sensing.
Hitachi Maxell
The company’s product portfolio of optical lens units caters to several automotive safety systems, such as ADAS. The company’s narrow angle lenses and all-glass lens units are used in ADAS for front sensing and as automotive mirror replacement. The company is expanding its product and service offerings in all of its business areas that include energy, industrial materials, consumer product segments, and automotive.
Key products: Optical components, and Automotive lens unit (narrow-angle, wide-angle, middle-angle, all glass lens unit, and infrared lens unit).
Sekonix
Sekonix is a manufacturer of optical fiber and optical components. It offers a broad product portfolio of lenses, including LED lenses for mobile devices and automotive cameras.
Key products: CCD board lens/CMOS, Mobile camera lens, and LED lens.
Fujifilm
The company develops and manufactures optical devices, business document solutions, medical imaging and diagnostic equipment, and optical films for flat panel displays (FPDs). It also develops, designs, and manufactures custom-made optical components and optomechatronic assemblies.
Key products: Camera module for mobile devices, Security lenses, Camera lenses for automotive safety systems, and Camera module with lens and aligned sensor for automotive applications.
Other prominent vendors in this market include Kyocera, Gentex, Boowon Optical, and DigitalOptics Corporation.
A more detailed analysis is available in the Technavio report, Global Automotive Optic Lenses In Safety System Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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