Automotive Camera Module Market Growth, Trends, Future Scenario 2030

Comments · 157 Views

Automakers Using Camera Modules in Autonomous Vehicles To Increase Safety

The Global New Car Assessment Programme (Global NACP) launched by the Towards Zero Foundation aims to create a world that is free from road fatalities and serious injuries. This programme supports the democratization of vehicle safety by encouraging the adoption of advanced automotive designs and technologies across the world. Additionally, NACP also aspires to promote the deployment of vehicle safety technologies with proven effectiveness by increasing public awareness regarding such features and supporting their mandatory application. To comply with the safety standards of this programme, automakers are increasingly integrating automotive camera modules in their offerings.

Additionally, the accelerating demand for autonomous and luxury vehicles will also contribute to the progress of the automotive camera module market during 2020–2030. According to the Autonomous Vehicle Implementation Predictions: Implications for Transport Planning, published by the Victoria Transportation Policy Institute, autonomous vehicles will be reliable and safe by 2025 and maybe commercially available in several parts of the world by 2030. As per this report, at least half of the new vehicles will be autonomous by 2045.

Moreover, the rising incidence of road accidents and collisions will also fuel the integration of camera modules in vehicles in the forthcoming years. The World Health Organization (WHO) estimates that around 1.3 million global deaths occur due to road accidents every year. As per the WHO, 93% of these fatalities take place in low- and middle-income countries (LMICs), even though they only account for nearly 60% of the global automobile stock. Furthermore, the organization also states that approximately 20–50 million road accident victims suffer from non-fatal injuries, which often culminate into some form of disability.

Thus, in order to enhance vehicle safety and driving experience, automobile manufacturers are integrating cameras and camera modules in advanced driver assistance systems (ADAS). Automakers are using modular automotive reference systems (MARS), which consist of several lenses, image signal processors, and image sensors, in autonomous vehicles, rear-view and surround-view systems, and in-cabin cameras. Additionally, original equipment manufacturers (OEMs) are developing and integrating advanced night vision camera modules to mitigate collision rates at night.

Automotive camera modules offered by Hyundai Mobis Co. Ltd., Magna International Inc., STONKAM Co. Ltd., OmniVision Technologies Inc., DENSO Corporation, Autoliv Inc., Robert Bosch GmbH, Clarion Co. Ltd., and Valeo SA are used for lane departure warning (LDW), autonomous emergency braking (AEB), adaptive cruise control (ACC), blind spot detection (BSD), and park assist (PA) applications in vehicles. Camera modules being manufactured by these companies are based on digital, infrared, and thermal technologies. In the coming years, thermal cameras will be integrated at the highest rate, due to their surging use in night vision systems.

According to PS Intelligence, North America will dominate the automotive camera module market in the forthcoming years, due to the booming demand for luxury vehicles and increasing installation of ADAS in passenger cars and commercial vehicles in the region. Whereas, the European region is expected to emerge as the second-largest consumer of automotive camera modules in the upcoming years. This will be due to the surging implementation of government regulations that encourage the installation of safety features and ADAS in automobiles, primarily in passenger cars.

Thus, the soaring prevalence of road accidents and burgeoning demand for autonomous and luxury vehicles will propel the usage of automotive camera modules in the coming years.

Read more
Comments