Global automotive camera module market expected to surpass 86 million production units by 2019, says Technavio

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Automotive camera module: Key market research findings

  • Increased usage of wide-angle technology
  • High demand from passenger cars segment

Technavio has added a new market research report on the global automotive camera module market, to its automotive portfolio. The global automotive camera module market is expected to grow at a CAGR of around 18% between 2015 and 2019 due to increasing application of complementary metal-oxide semiconductor (CMOS) image sensors in automotive cameras. The EMEA region is generating considerable growth in the global market for automotive cameras, owing to the stern safety regulations imposed by European government authorities. Programs such as the Euro new car assessment program (NCAP) is propelling the demand for driver assistance and safety systems such as night vision systems (NVS) and forward collision warning (FCW).

The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.

“Of late, the application of wide-angle lenses in automotive camera modules is gaining momentum because of its extensive field coverage and improved picture quality. Vendors are exploring such safety solutions that capture the driver’s blind spots on the road through the wide angle technology. For instance, Maxell has launched a series of advanced wide-angle lenses equipped with aspherical plastics, which is heat resistant,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.

Passenger cars segment holds the largest market share in terms of production and sales of automotive vehicles. Over the next four years, this segment is projected to witness a rise in the demand for camera modules from emerging countries of this market. Simulataneously, the light commercial vehicles (LCV) segment is expected to witness the highest growth rate with an estimated sale of over 26 million units.

The leading vendors in the global automotive camera module market are Autoliv, Continental, Mcnex, and Robert Bosch. The major market players are leveraging the popularity of wide angle lenses in automotive cameras. Many automotive OEMs are exploring safety solutions that are capable of capturing driver blind spots on the road. OEMs and camera module manufacturers are expected to collaborate and scale up investments in new camera technologies during the forecast period.

A more detailed analysis is available in the Technavio report, Global Automotive Camera Module Market 2015-2019.

We can customize reports by other regions and specific segments upon request.

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