According to a new report, published by KBV research, The Global Automotive Image Sensors Market size is expected to reach $6.6 billion by 2030, rising at a market growth of 11.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 72,246.4 thousand units, experiencing a growth of 15.3% (2019-2022).
The CMOS segment is leading the Global Automotive Image Sensors Market, By Technology in 2022 thereby achieving a market value of $4.9 billion by 2030. CMOS image sensors are known for their compact size and the ability to integrate various functions on a single chip. This miniaturization and integration capability are highly advantageous in the automotive industry, where space constraints can be significant. CMOS sensors can seamlessly integrate into various vehicle parts, including side-view mirrors, door handles, and headlamp assemblies.
The Commercial Vehicles segment is showcasing a CAGR of 13.1% during (2023 - 2030). Regulatory bodies and safety organizations worldwide are implementing stringent safety regulations for commercial vehicles. Image sensors are crucial in helping commercial vehicles comply with these regulations. This includes collision avoidance, lane-keeping assistance, and blind-spot monitoring, which have become increasingly standard in commercial vehicle safety systems. The commercial vehicle industry has seen a growing integration of telematics and fleet management systems.
The Asia Pacific region dominated the Global Automotive Image Sensors Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3 billion by 2030. The Europe market is poised to grow at a CAGR of 10.6% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 10.9% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/automotive-image-sensors-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Samsung Electronics Co., Ltd. (Samsung Group), Continental AG, Infineon Technologies AG, Denso Corporation, OmniVision Technologies, Inc., Sharp Corporation (Hon Hai Precision Industry Co., Ltd), NXP Semiconductors N.V., Gentex Corporation, Canon, Inc., and Teledyne Technologies, Inc.
By Technology (Volume, Thousand Units, USD Million, 2019-2030)
By Vehicle Type (Volume, Thousand Units, USD Million, 2019-2030)
By Geography (Volume, Thousand Units, USD Million, 2019-2030)
Companies Profiled