Latest News- Automotive Camera Module Market: Passenger vehicles are expected to lead the Application segment during 2025-2029

The Automotive Camera Module Market is being driven by Rising demand for ADAS

The Automotive Camera Module Market is expected to grow at a CAGR of 7.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4469.7 million. The automotive camera module market is experiencing significant growth, driven by an increased focus on new product launches and technological innovation. Manufacturers are introducing advanced camera modules, featuring enhanced resolution, expanded dynamic range, and compatibility with autonomous driving platforms. On September 2, 2024, SENSING unveiled the SG3-AR0341C-G2F-H190X, an ultra-compact 3MP surround-view camera module. This module, based on Onsemi's AR0341AT Hyperlux image sensor, boasts a 150 dB high dynamic range, LED flicker mitigation, and ultra-low power consumption. With a 190-degree field of view and real-time safety mechanisms, it is ideally suited for Advanced Driver Assistance Systems (ADAS) and autonomous driving systems. Its compatibility with NVIDIA DRIVE AGX Orin and Jetson AGX Orin platforms streamlines integration into intelligent vehicle architectures. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Passenger vehicles
  • Commercial vehicles
• Technology
  • Mono camera
  • Stereo camera
  • Infrared camera
  • Thermal camera
• Type
  • Park assist cameras
  • Surround view cameras
  • Driver monitoring cameras
  • Blind spot detection cameras
  • Forward collision warning cameras
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • France
    • Germany
    • UK
  • North America
    • US
    • Mexico
  • Middle East and Africa
  • South America
    • Brazil

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

• Rising demand for ADAS
• Stringent vehicle safety regulations
• Rising adoption of electric vehicles

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

• Supply chain and semiconductor shortages
• Technical limitations in extreme conditions
• Data security and privacy concerns

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Market Scope in Automotive Camera Module Market Research Report

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Research Analysis Overview

The Automotive Camera Module Market encompasses advanced technologies such as infrared cameras and thermal imaging for various applications including driver monitoring, occupant detection, and interior/exterior monitoring. Camera calibration addresses lens distortion, image enhancement, noise reduction, and edge detection. Feature extraction, object tracking, path planning, and motion estimation enable 360-degree view for autonomous and automated driving systems. Real-time processing, high-performance computing, AI, ML, and DNNs are essential for sensor data analytics and algorithm optimization. Sensor integration, system design, software development, and testing/verification ensure performance optimization, power efficiency, and cost analysis for Level 2, 3, 4, and 5 ADAS.

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, market size is determined by the consolidated revenue of automotive components and equipment manufacturers. Key growth drivers in this sector include the escalating demand for electronic components in automobiles, such as image sensors, ECUs, and advanced driver-assistance systems (ADAS). These systems incorporate features like lane departure warning, automatic emergency braking, adaptive cruise control, and blind spot detection, enhancing vehicle safety and convenience. The burgeoning sales of electric vehicles and increasing popularity of PCs further fuel the market's expansion. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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