The Automotive Vision Systems market was valued at USD 15.79 Billion in 2020 and is expected to reach USD 44.69 Billion by the year 2026, at a CAGR of 14.39% CAGR during the forecast period (from 2020-2028). The global automotive vision system, market is driven by factors such as an increase in the number of automated and connected vehicles and a decrease in manufacturing cost of instruments – camera, LiDAR, radar systems. However, high costs associated with the usage of expensive components in these systems, such as laser scanners, a navigation system, and high-resolution 3D cameras systems, might hamper the market growth. Conversely, a rise in a number of autonomous, and connected cars is expected to offer various opportunities for new products in the market and boost the market growth.
Modern automobiles are at their initial stage of the autonomous vehicle (AV) era. The autonomous vehicles require a variety of sensors, including radar, camera, and LiDAR, among others, which sense the environment around the vehicle. The average number of sensors or vision system instruments in a vehicle is likely to increase with the increase in the level of autonomy. According to NXP, cars with level 3 autonomy will use 3–6 cameras along with other sensors. Also, nowadays, vehicles are equipped with a multi-camera system that detects every surrounding aspect of the vehicle. These instruments are helpful in gathering a huge amount of data to implement the machine learning algorithms in the computer system of the car. With the help of artificial intelligence, predictive analysis, cognitive computing, automotive OEMs, and auto-ancillaries along with non-automotive-technology players are going to make AV a possibility. Thus, automotive vision systems that can provide several advanced features have an attractive market owing to the growing trend of autonomous vehicles
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Table of Content:
Chapter 1. Automotive Vision System Segmentation & Impact Analysis
1.1. Automotive Vision System Segmentation Analysis
1.2. Automotive Vision System Market Value Chain Analysis, 2020-2028
1.3. Regulatory Framework
1.4. Automotive Vision System Market Impact Analysis
1.4.1. Market Driver Analysis
1.4.1.1. Technological Advancement in automotive sensors
1.4.1.2. Development of Autonomous and connected Vehicles
1.4.2. Market Restraint Analysis
1.4.2.1. Installation Cost
1.5. Key Opportunities Prioritized
1.6. Automotive Vision System Pricing Analysis
1.7. Industry Analysis – Porter’s
1.8. Automotive Vision System PESTEL Analysis
Chapter 2. Automotive Vision System Market By Instrument Insights & Trends
2.1. Automotive Vision System: By Instrument Dynamics & Market Share, 2018 & 2026
2.2. Camera
2.2.1. Market Estimates And Forecast, 2020 – 2028 (USD Million)
2.2.2. Market Estimates And Forecast, By Region, 2020 – 2028 (USD Million)
2.2.3. Thermal
2.2.3.1. Market Estimates And Forecast, 2020 – 2028 (USD Million)…
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For the purpose of this study, Reports and Data have segmented the industry by Instrument, by Applications, by Vehicle Type and by Region:
Automotive Vision Systems Market by Instrument (Revenue, USD Million; 2020–2028)
Automotive Vision Systems Market by Applications (Revenue, USD Million; 2020–2028)
Automotive Vision Systems Market by Vehicle Type (Revenue, USD Million; 2020–2028)
Automotive Vision Systems Market by Region (Revenue, USD Million; 2020–2028)
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