Automotive Vision Sensors Market Overview by 2031
Analyst Perceptive
The evolution of AI and the advancement of technology have extended the horizon of technology's capabilities. The AI-based vision sensors automatically determine imaging conditions and detection conditions with its AI capabilities specifically designed for presence and difference checking. The vision sensors are installed in the car for the safety and convenience of the driver. This feature and its reliability have resulted in the growth of the automotive vision sensor market. Therefore, several market players are focused on providing AI-based solutions, which further fuels the market growth. For example, Sony Semiconductor Solutions Corporation provides an intelligent vision sensor that enables high-speed edge AI processing within the sensor unit on top of image processing.
Market Overview
The vision sensor is nothing but an image processing system. The sensor first captures the image and then processes or analyzes it so the appropriate response can be taken. The automotive vision sensors market is expected to grow with a CAGR of more than 9% during the forecast period 2023-2031. The implementation of a few safety regulations by governments in countries around the world has made it mandatory to install more safety features in automobiles.
Market Driver
Rise in the demand for ADAS
The rapid advancement of technology and its accumulation in the automotive is enhancing its capabilities to perform better. Automobiles are becoming smarter, and it is all due to the technology installed in them. There has been an increase in the public's demand for advanced driver assistance systems (ADAS) as they provide an enhanced level of safety. ADAS provides features such as collision avoidance, pedestrian recognition, the distance between vehicles and objects, and several others. Automotive safety has been improved with the help of the vision sensors that have been installed. Thus, the demand for ADAS results in an increase in the growth of the automotive vision sensor market in the forecast period.
Market Scope
The "Global Automotive Vision Sensors Market Analysis to 2030" is a specialized and in-depth study of the Market with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by Product and Application. The global automotive vision sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading player and offers key trends and opportunities in the market.
Market Segmentation
The "Automotive Vision Sensor Market" is segmented on the basis of product and application. On the basis of product, the market is segmented into monocular vision and binocular (stereo) vision. On the basis of application, the market is segmented into commercial vehicles and passenger cars.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global automotive vision sensors market based on various segments. It also provides market size and forecast estimates from 2020 to 2030 with respect to five major regions, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The automotive vision sensors market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting the automotive vision sensors Market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the automotive vision sensors market in these regions.
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MARKET PLAYERS
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global automotive vision sensors market based on various segments. It also provides market size and forecast estimates from 2020 to 2030 with respect to five major regions, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The automotive vision sensors market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.
The report analyzes factors affecting the automotive vision sensors Market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the automotive vision sensors market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive vision sensors market, including organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the automotive vision sensors market are anticipated to have lucrative growth opportunities in the future with the rising demand for the automotive vision sensors market.
The report also includes the profiles of key automotive vision sensors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last 3 years, and key developments in the past five years. Mentioned below is the list of a few companies engaged in the automotive vision sensors market.
- NXP Semiconductors
- Cognex Corporation
- TE Connectivity
- Continental AG
- Banner Engineering Corp.
- Renesas Electronic Corporation
- Texas Instruments Incorporated
- Delta Electronics, Inc.
- DENSO CORPORATION.
- Sick AG
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Vision Sensors Market - By Product
1.3.2 Automotive Vision Sensors Market - By Application
1.3.3 Automotive Vision Sensors Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE VISION SENSORS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE VISION SENSORS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE VISION SENSORS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE VISION SENSORS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE VISION SENSORS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE VISION SENSORS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MONOCULAR VISION
7.3.1. Overview
7.3.2. Monocular Vision Market Forecast and Analysis
7.4. BINOCULAR (STEREO) VISION
7.4.1. Overview
7.4.2. Binocular (stereo) Vision Market Forecast and Analysis
8. AUTOMOTIVE VISION SENSORS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL VEHICLE
8.3.1. Overview
8.3.2. Commercial Vehicle Market Forecast and Analysis
8.4. PASSENGER CAR
8.4.1. Overview
8.4.2. Passenger Car Market Forecast and Analysis
9. AUTOMOTIVE VISION SENSORS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Automotive Vision Sensors Market Overview
9.1.2 North America Automotive Vision Sensors Market Forecasts and Analysis
9.1.3 North America Automotive Vision Sensors Market Forecasts and Analysis - By Product
9.1.4 North America Automotive Vision Sensors Market Forecasts and Analysis - By Application
9.1.5 North America Automotive Vision Sensors Market Forecasts and Analysis - By Countries
9.1.5.1 United States Automotive Vision Sensors Market
9.1.5.1.1 United States Automotive Vision Sensors Market by Product
9.1.5.1.2 United States Automotive Vision Sensors Market by Application
9.1.5.2 Canada Automotive Vision Sensors Market
9.1.5.2.1 Canada Automotive Vision Sensors Market by Product
9.1.5.2.2 Canada Automotive Vision Sensors Market by Application
9.1.5.3 Mexico Automotive Vision Sensors Market
9.1.5.3.1 Mexico Automotive Vision Sensors Market by Product
9.1.5.3.2 Mexico Automotive Vision Sensors Market by Application
9.2. EUROPE
9.2.1 Europe Automotive Vision Sensors Market Overview
9.2.2 Europe Automotive Vision Sensors Market Forecasts and Analysis
9.2.3 Europe Automotive Vision Sensors Market Forecasts and Analysis - By Product
9.2.4 Europe Automotive Vision Sensors Market Forecasts and Analysis - By Application
9.2.5 Europe Automotive Vision Sensors Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Automotive Vision Sensors Market
9.2.5.1.1 Germany Automotive Vision Sensors Market by Product
9.2.5.1.2 Germany Automotive Vision Sensors Market by Application
9.2.5.2 France Automotive Vision Sensors Market
9.2.5.2.1 France Automotive Vision Sensors Market by Product
9.2.5.2.2 France Automotive Vision Sensors Market by Application
9.2.5.3 Italy Automotive Vision Sensors Market
9.2.5.3.1 Italy Automotive Vision Sensors Market by Product
9.2.5.3.2 Italy Automotive Vision Sensors Market by Application
9.2.5.4 United Kingdom Automotive Vision Sensors Market
9.2.5.4.1 United Kingdom Automotive Vision Sensors Market by Product
9.2.5.4.2 United Kingdom Automotive Vision Sensors Market by Application
9.2.5.5 Russia Automotive Vision Sensors Market
9.2.5.5.1 Russia Automotive Vision Sensors Market by Product
9.2.5.5.2 Russia Automotive Vision Sensors Market by Application
9.2.5.6 Rest of Europe Automotive Vision Sensors Market
9.2.5.6.1 Rest of Europe Automotive Vision Sensors Market by Product
9.2.5.6.2 Rest of Europe Automotive Vision Sensors Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Automotive Vision Sensors Market Overview
9.3.2 Asia-Pacific Automotive Vision Sensors Market Forecasts and Analysis
9.3.3 Asia-Pacific Automotive Vision Sensors Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Automotive Vision Sensors Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Automotive Vision Sensors Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Automotive Vision Sensors Market
9.3.5.1.1 Australia Automotive Vision Sensors Market by Product
9.3.5.1.2 Australia Automotive Vision Sensors Market by Application
9.3.5.2 China Automotive Vision Sensors Market
9.3.5.2.1 China Automotive Vision Sensors Market by Product
9.3.5.2.2 China Automotive Vision Sensors Market by Application
9.3.5.3 India Automotive Vision Sensors Market
9.3.5.3.1 India Automotive Vision Sensors Market by Product
9.3.5.3.2 India Automotive Vision Sensors Market by Application
9.3.5.4 Japan Automotive Vision Sensors Market
9.3.5.4.1 Japan Automotive Vision Sensors Market by Product
9.3.5.4.2 Japan Automotive Vision Sensors Market by Application
9.3.5.5 South Korea Automotive Vision Sensors Market
9.3.5.5.1 South Korea Automotive Vision Sensors Market by Product
9.3.5.5.2 South Korea Automotive Vision Sensors Market by Application
9.3.5.6 Rest of Asia-Pacific Automotive Vision Sensors Market
9.3.5.6.1 Rest of Asia-Pacific Automotive Vision Sensors Market by Product
9.3.5.6.2 Rest of Asia-Pacific Automotive Vision Sensors Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Automotive Vision Sensors Market Overview
9.4.2 Middle East and Africa Automotive Vision Sensors Market Forecasts and Analysis
9.4.3 Middle East and Africa Automotive Vision Sensors Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Automotive Vision Sensors Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Automotive Vision Sensors Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Automotive Vision Sensors Market
9.4.5.1.1 South Africa Automotive Vision Sensors Market by Product
9.4.5.1.2 South Africa Automotive Vision Sensors Market by Application
9.4.5.2 Saudi Arabia Automotive Vision Sensors Market
9.4.5.2.1 Saudi Arabia Automotive Vision Sensors Market by Product
9.4.5.2.2 Saudi Arabia Automotive Vision Sensors Market by Application
9.4.5.3 U.A.E Automotive Vision Sensors Market
9.4.5.3.1 U.A.E Automotive Vision Sensors Market by Product
9.4.5.3.2 U.A.E Automotive Vision Sensors Market by Application
9.4.5.4 Rest of Middle East and Africa Automotive Vision Sensors Market
9.4.5.4.1 Rest of Middle East and Africa Automotive Vision Sensors Market by Product
9.4.5.4.2 Rest of Middle East and Africa Automotive Vision Sensors Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Automotive Vision Sensors Market Overview
9.5.2 South and Central America Automotive Vision Sensors Market Forecasts and Analysis
9.5.3 South and Central America Automotive Vision Sensors Market Forecasts and Analysis - By Product
9.5.4 South and Central America Automotive Vision Sensors Market Forecasts and Analysis - By Application
9.5.5 South and Central America Automotive Vision Sensors Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Automotive Vision Sensors Market
9.5.5.1.1 Brazil Automotive Vision Sensors Market by Product
9.5.5.1.2 Brazil Automotive Vision Sensors Market by Application
9.5.5.2 Argentina Automotive Vision Sensors Market
9.5.5.2.1 Argentina Automotive Vision Sensors Market by Product
9.5.5.2.2 Argentina Automotive Vision Sensors Market by Application
9.5.5.3 Rest of South and Central America Automotive Vision Sensors Market
9.5.5.3.1 Rest of South and Central America Automotive Vision Sensors Market by Product
9.5.5.3.2 Rest of South and Central America Automotive Vision Sensors Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. AUTOMOTIVE VISION SENSORS MARKET, KEY COMPANY PROFILES
11.1. VEONEER INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. NXP SEMICONDUCTORS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. KEYENCE CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. COGNEX CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. RENESAS ELECTRONICS CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BANNER ENGINEERING CORP
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SICK AG
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. DATALOGIC S.P.A
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. DELTA ELECTRONICS, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. IFM ELECTRONIC GMBH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. Veoneer Inc
2. NXP Semiconductors
3. KEYENCE CORPORATION
4. Cognex Corporation
5. Renesas Electronics Corporation
6. Banner Engineering Corp
7. Sick AG
8. Datalogic S.p.A
9. Delta Electronics, Inc
10. ifm electronic gmbh
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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