The Automotive Camera Sensor Market is Expected to Expand Substantially Due to the Growing Need for Autonomous Cars

The demand for automotive camera sensors will be driven by the capability to detect colors, a key component of an autonomous vehicle.

The global automotive camera sensor market size was valued at USD 2231.02 Mn in 2021 and is expected to reach USD 5151.04 Mn by 2028, recording a CAGR of 11.0% during the projection period. The market is driven by their unique ability to sense colors, which also enables them to read stop signs and recognize traffic signals. Since camera sensors are more affordable than LiDAR and RADAR, they are the ideal option for many ADAS applications. Due to how significantly less expensive they are, camera sensors are being utilized more and more as the "basic sensor" by many manufacturers. These sensors are employed in the detection of pedestrians, park assistance, night vision, and traffic sign recognition systems. All of these significant benefits support the market's growth.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/Automotive/automotive-camera-sensor-market/25673

Autonomous driving is a major factor in the demand for automotive sensors. Together with the overall automotive market, the automotive sensor sector is growing substantially. The extensive use of ADAS and AD systems is the primary driver of the rising demand for automotive sensors. Sensors utilized in ADAS/AD systems, such as image sensors, temperature sensors, position sensors, speed sensors, etc., are mainly accountable for the market growth for automotive sensors.

𝐏𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐢𝐭𝐬 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐀𝐜𝐫𝐨𝐬𝐬 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐞

On the basis of vehicle type, the global automotive camera sensor market is bifurcated into passenger cars and commercial vehicles. In terms of market share, the passenger vehicle segment dominated the market in 2021, and it is projected that it would keep dominating in the revenue stakes in the near future.The aerospace and defense segment is anticipated to account for the largest market share owing to the increasing demand for military applications. The connections have the extra advantages of low overall applied cost and a labor-saving two-crimp assembly, making them best suited for specific applications.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Automotive/automotive-camera-sensor-market/25673

The dominant position of the passenger car segment is a result of the enormous demand for and manufacturing automobiles worldwide. Nowadays, the majority of vehicles produced worldwide are passenger vehicles, which has significantly contributed to the growth of the segment.

𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐨𝐟 𝐏𝐚𝐬𝐬𝐞𝐧𝐠𝐞𝐫 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐀𝐟𝐭𝐞𝐫 𝐔𝐬𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐞𝐧𝐬𝐨𝐫𝐬 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

The usage of automotive sensors improves the performance of passenger vehicles. reduce CO2 emissions while raising vehicle safety. road infrastructure improvements. The availability of inexpensive labor and the rise in consumer buying power has boosted the demand for automobiles in developing countries such as China, India, and Brazil, which has in turn fueled the demand for automotive sensors.

Throughout the projection period, it is expected that commercially accessible vehicles' autonomous capabilities will rapidly advance as a result of stricter regulations, safety inspections, and public awareness of vehicle safety. As an illustration, in developed countries, all vehicles are required to include technologies such as cruise control and lane-keep assistance, and blind-spot monitoring is subject to legislation, particularly in Europe.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

● Innovative driver-assistance technology for local rail transit was created by Robert Bosch GmbH in November 2021. It initially alerts the tram driver in the event of a possible collision. The system automatically slows the tram until it comes to a complete stop in order to avoid a collision or at the least, minimize damage, if the driver does not react or does so too late.

● The XENSIV TLE4972 vehicle current sensor was released in October 2021 by Infineon Technologies AG. Infineon's tried-and-true Hall technology is used by the coreless current sensor to detect current precisely and consistently.

𝐑𝐞𝐥𝐞𝐚𝐬𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐭𝐨 𝐛𝐞 𝐭𝐡𝐞 𝐏𝐫𝐢𝐦𝐚𝐫𝐲 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐝 𝐛𝐲 𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

As a result of the existence of top companies functioning in the market, the global market for automotive camera sensors is extremely competitive. These market participants are concentrating on implementing numerous business strategies such as product innovation, product launches, partnerships, and collaborations in order to preserve their market position and improve their revenue share.

𝐋𝐈𝐒𝐓 𝐎𝐅 𝐊𝐄𝐘 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒 𝐏𝐑𝐎𝐅𝐈𝐋𝐄𝐃:
-Robert Bosch GmbH (Gerlingen, Germany)
-Infineon Technologies AG
-STMicroelectronics
-Continental AG
-Denso Corporation
-NXP Semiconductors
-Texas Instruments Incorporated
-Allegro Microsystems, LLC
-CTS Corporation
-Elmos Semiconductor
-Sensata Technologies

𝐒𝐄𝐆𝐌𝐄𝐍𝐓𝐀𝐓𝐈𝐎𝐍

𝐁𝐲 𝐓𝐲𝐩𝐞
>CMOS
>CCD

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
>TSR
>LDW
>Surround View
>Park Assists
>Road Vulnerability Detection
>DMS
>Occupancy Detection

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/Automotive/automotive-camera-sensor-market/25673

𝐄𝐮𝐫𝐨𝐩𝐞 𝐭𝐨 𝐛𝐞 𝐭𝐡𝐞 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐬 𝐚 𝐑𝐞𝐬𝐮𝐥𝐭 𝐨𝐟 𝐑𝐢𝐬𝐢𝐧𝐠 𝐀𝐜𝐜𝐞𝐩𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐞𝐝 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐠𝐢𝐨𝐧

Europe is anticipated to be the largest market for automotive camera sensors in terms of revenue. The region's dominance is a result of the increased acceptance of connected cars and the need for automated vehicles. The laws of the European Union (EU), which were updated in 2018 and regulate the installation of specific safety systems in vehicles, are also helping these sensors become more widely accepted in this region.

The Asia Pacific is projected to grow at a rapid CAGR owing to several factors such as the rising popularity of electric vehicles in major nations such as South Korea, China, and Japan. Many government efforts and policies that favor the usage of electric vehicles have enhanced the market opportunity that exists for suppliers of automotive sensors. For instance, in January 2021, the Environment Ministry of South Korea announced a budget of USD 891.7 million for subsidies for electric vehicles. In the sub-$53,000 price range, there will be completely subsidized electric automobiles available.

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Automotive Camera Sensor Market
Chapter 5. Global Automotive Camera Sensor Market Overview, By Type, 2015 - 2028(USD Million)
Chapter 6. Global Automotive Camera Sensor Market Overview, By Dimension, 2015 - 2028(USD Million)
Chapter 7. Global Automotive Camera Sensor Market Overview, By Vehicle Autonomy, 2015 - 2028(USD Million)
Chapter 8. Global Automotive Camera Sensor Market Overview, By Vehicle Type, 2015 - 2028(USD Million)
Chapter 9. Global Automotive Camera Sensor Market Overview, By Application, 2015 - 2028(USD Million)
Chapter 10. Global Automotive Camera Sensor Market Overview, By Geography, 2015 - 2028(USD Million)
...Continued

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Extrapolate
Phone: (+1) 888 328 2189
E-mail: talk@extrapolate.com
Website: https://www.extrapolate.com
Blog: https://www.extrapolate.com/blog

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
Extrapolate bridges the gaps in information with the latest reports published across industries and geographies, covering minute details to put the power of decision-making in your hands. Our focus is to help our partners grow with the power of Insight.

In a connected world, merely being informed is not enough, the speed of information dissemination is a crucial determinant of success. Our team of dedicated subject matter experts and research specialists deep dive into the most complex markets and produce insights that will help shape the way your business moves forward. Our research process harnesses the latest in technology and the best SMEs to build relevant reports that can future-proof your business.