Global Automotive Camera Module Market 2017-2021
About Automotive Camera Module
ACMs are devices that are installed in the front, rear, and sides of vehicles to provide maximum information to the driver about the surroundings to prevent accidents. Types of dash cameras: Basic dash cameras, Advanced dash cameras, and Dual cameras. Basic dash cameras are hard-wired into a vehicle’s electrical system and are used to record the driving sessions. Advanced dash cameras help in locating vehicles and in maintaining recommended speed limits. Dual cameras have a typical setup in which one camera faces outward, and the other records the interior of the vehicle.
Technavio’s analysts forecast the global automotive camera module market to grow at a CAGR of 21.54% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive camera module market for 2017-2021. To calculate the market size, the report considers camera module installed in new shipments of passenger and commercial vehicles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Camera Module Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive camera module market: AEi Boston, Autoliv, Bosch, and Continental.
Other Prominent Vendors in the market are: Ambarella, Kappa optronics, OSRAM Opto Semiconductors, SAMSUNG ELECTRO-MECHANICS, Samvardhana Motherson Group (SMG), and Texas Instruments.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of advanced night vision camera module. The camera systems that are currently used in cars are not capable of detecting objects in the limited visibility conditions during the night. This puts pedestrians at risk and increases the chances of accidents. Moreover, the risk of fatal accidents is twice at night as compared with the day.”
According to the report, one driver in the market is increased popularity of CMOS sensors due to improved performance. Complementary metal-oxide-semiconductor (CMOS) are gradually replacing charge coupled device (CCD) sensors in every area of application, including automotive. CCD sensors were widely used in the automotive sector for machine vision applications. However, due to factors such as low cost and high performance, CMOS sensors have gained popularity. CCD image sensors are more expensive than CMOS sensors as they need a specialized manufacturing process, and it is used in high-end consumer electronic products and automotive applications.
Further, the report states that one challenge in the market is high replacement costs associated with camera modules. Automotive cameras play a crucial role in eliminating blind spots. Although the replacement costs of these cameras are not high, the total cost incurred is very high as it is a time-consuming and labor-intensive job. Some automakers include these cameras in the basic price of cars. Major automakers, such as Honda, include rearview cameras in their basic Civic LX model, whereas Chevrolet and Ford have cameras on Colorado and Focus S models, respectively. Additionally, the aftermarket manufacturing cost of these rearview cameras is relatively low.
AEi Boston, Autoliv, Bosch, Continental, Ambarella, Kappa optronics, OSRAM Opto Semiconductors, SAMSUNG ELECTRO-MECHANICS, Samvardhana Motherson Group (SMG), and Texas Instruments.