Latest News- Automotive Image Sensors Market: Passenger cars is expected to lead the Application segment during 2024-2028

The Automotive Image Sensors Market is being driven by Steady growth of camera-based ADAS market

The Automotive Image Sensors Market is expected to grow at a CAGR of 41.64% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19924.5 million. The automotive sector has experienced a significant shift from using Charge-Coupled Devices (CCD) to Complementary Metal-Oxide-Semiconductor (CMOS) image sensors. This transition is driven by the increasing demand for cost-effective and high-performance image sensors. Moreover, the expanding adoption of Advanced Driver-Assistance Systems (ADAS) technologies, which rely on cameras, has fueled the need for high dynamic range (HDR) capable image sensors. Leading image sensor manufacturers are responding to this trend by developing HDR-enabled sensors, such as Sony's IMX390CQV, a 2.45MP high-sensitivity CMOS image sensor with LED flicker mitigation. This innovative sensor, the industry's first of its kind, effectively reduces LED flickering during shooting of LED signs and traffic signals. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger cars
  • Commercial cars
• Type
  • CCD
  • CMOS
• Geography
  • North America
    • US
  • Europe
    • France
    • Germany
    • UK
  • APAC
    • China
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Steady growth of camera-based ADAS market
• Regulatory standards with respect to image sensor quality
• Stringent regulations to increase adoption of advanced safety systems

However, the market also witnesses some limitations, which are as follows:

• High replacement costs
• Increased dependence of drivers on safety systems
• Performance issues due to adverse weather conditions

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Market Scope in Automotive Image Sensors Market Research Report

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Research Analysis Overview

The Automotive Image Sensors Market is witnessing significant growth due to the increasing demand for advanced driver-assistance systems (ADAS) in Hybrid Vehicles (HVs) and Electric Vehicles (EVs) to ensure comfort, driver safety, and vehicle authentication. Two leading technologies in image sensors are CMOS (Complementary Metal-Oxide-Semiconductor) and CCD (Charge-Coupled Device). Automotive image sensors are essential components of ADAS features like automatic emergency braking, lane-keeping assist, adaptive cruise control, and pedestrian detection. New innovations include the XENSIV TLE4971 sensor from STMicroelectronics, the KBV Cardinal matrix from OnSemi, and the ISOCELL Auto 4AC from Samsung. Energy-efficient sensors and compact sizes are crucial for IoT sensor platforms. LiDAR technology, a combination of Radar and Cameras, is also gaining popularity for its ability to detect objects in various weather conditions and improve pedestrian safety. Autonomous vehicles, a future trend, require a multitude of image sensors for real-time object detection and classification. CO2 emissions reduction is another factor driving the market growth. Automakers are investing heavily in R&D to create innovative image sensors that cater to these demands.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers of automotive components and equipment. Key growth drivers in this sector include the surge in electronic components utilization in automobiles, fueled by the rising sales of EVs, motorcycles, and PCs, leading to substantial demand for electronic control units (ECUs) and other electrical components over the past decade.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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