Global Automotive Optic Lenses in Safety System Market 2016-2020
About Automotive Camera
Automotive camera modules are devices that are installed in the front, rear, and side of the automobiles to provide maximum information about the surroundings and help in preventing and minimizing the impact of accidents, in turn protecting both passengers and pedestrians. These camera modules warn the driver by providing a clear image of the rear and side blind zones, consequently improving the comfort of drivers by reducing their workload.
Technavio’s analysts forecast the global automotive optic lenses in safety system (AOLSS) market to grow at a CAGR of 45.56% and 20.28% by optimistic sizing and pessimistic sizing methodology respectively, during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive optic lenses in safety system (AOLSS) market for 2016-2020. To calculate the market size, the report considers a combination of top-down and bottom-up approaches, wherein our in-house databases and other information collected from our primary and secondary research studies have been used to arrive at the complete AOLSS market snapshot.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Optic Lenses in Safety System (AOLSS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global automotive optic lenses in safety system (AOLSS) market: Sunny, Nidec, Hitachi Maxell, Sekonix, and Fujifilm.
Other Prominent Vendors in the market are: Kyocera, Gentex, Boowon Optical, and DigitalOptics.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be the technological trends such as the panomorph lenses. Panomorph lenses are hemispheric wide-angle anamorphic lenses with optimized resolution within a pre-defined 'zone of interest.' Since these lenses have enhanced pixel-per-degree ratios, they provide better area coverage. This reduces processing times and power requirements, while simultaneously maximizing the processing depth. Hence, panomorphic lens technology has emerged as one of the front-runners in the field of automotive vision application integration within a single camera module.”
According to the report, the quest for automobile safety is considered one of the key drivers in the development of advanced driver and automobile safety systems. Advanced safety and security features are no longer limited to luxury vehicles. Consumers are now more aware about safety systems and technologies and are taking interest in improving the safety systems for their vehicles. As a result, electronic equipment such as radar, cameras, and sensors are now being increasingly installed, even in entry-level vehicles.
Further, the report states that the automotive camera module market faces the challenge of high replacement costs. An automotive camera is an essential component for the proper functioning of the driver assistance and safety systems. Automotive camera plays a critical functioning in the vehicle, as it provides blur-free and crisp image of the blind spots and nearby surroundings of the automobile. In actual scenario, the replacement costs of automotive cameras are not that high but the total cost of repair, which includes the removal or replacement of the cameras and image sensors, is very time consuming and involves high cost of labor. If the automotive cameras and image sensors are not treated properly, it may lead to severe accidents, which would lead to even more expensive operation of the entire automobile rebuilding.
Sunny, Nidec, Hitachi Maxell, Sekonix, Fujifilm, Kyocera, Gentex, Boowon Optical, and DigitalOptics.
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