Global Automotive Camera Market, 2020

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Achieving zero road fatalities is an overarching goal among legislators, automotive suppliers, and original equipment manufacturers (OEMs). To achieve this goal, major automotive OEMs are exploring autonomous driving technologies to complement their existing active safety portfolios. Cameras figure largely in this process.

By 2025, the automotive camera market will have witnessed exponential growth driven by the continual improvement of advanced driver assistance system (ADAS) and autonomous driving solutions, markets that demand more camera sensors installed per vehicle. Self-driving vehicles will require awareness of their surroundings, entirely and accurately. Many innovative camera developers and Tier I suppliers are tackling the challenges of long-range and high-speed object detection and classification with the use of night vision in forward-facing cameras for applications such as adaptive cruise control, pedestrian safety, and lane-keep systems.

The critical need for short-range wide-angle cameras will intensify as adoption increases among manoeuvring and driver-assist applications such as park assist, reverse assist, and SAE Level 4 autonomous parking.

Market growth for inward-looking, or driver monitoring, cameras is supported by policymakers, fleet management companies, and insurance firms that want to mandate the detection of driver drowsiness and alertness in the European Union; both the United States and China have proposed regulations as well.

In a field of more than 20 industry participants, the publisher independently plotted the top 10 companies in this Radar™ analysis. These emerging leaders were selected based on an elaborate set of performance indicators and parameters.

The Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the methodology. The document presents competitive profiles on each of the companies in the Radar™ based on their strengths, opportunities, and a small discussion on their positioning. The publisher analyzes hundreds of companies in the industry and benchmarks them across 10 criteria, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.