Automotive Compact Camera Module MarketPosted by priya on June 15th, 2019 Automotive Compact Camera Module Market was valued US$ 26.90 Bn in 2017 and is estimated to reach US$ 57.40 Bn by 2026 at a CAGR of about 11.12% during a forecast period. Automotive compact camera module market have gained momentum in the recent years owing to the growth in consumer electronics industry. The smartphone manufacturers continue to innovate in advanced camera module technologies so that propelling the growth of the compact camera module market. Rise in impact of new car assessment program and demand for safety measures due to increase in number of road accidents are some factors fuelling the market growth. The automated driving and advanced driver assistance systems (ADAS) systems largely benefit from the digital still camera manufacturers and the expertise developed from the mobile camera modules. ADAS uses image sensors to provide safety features such as lane-departure warning, parking assistance, and collision avoidance systems. Furthermore, heavy maintenance and high cost of automotive compact camera modules are hindering the growth of the market. Automotive Compact Camera Module Market Automotive compact camera module market is segmented into pixel size, vehicle type, application, lens type, and region. On the basis of lens type, it have been estimated that the sales of compact camera module with auto-focus lens accounted for an approximately two-third share of the overall global market value in 2017. The report projects that through 2026, compact camera modules improved with auto-focus lens shall outsell the modules with fixed-focus lens. Interdependence of auto-focus lens modules with other components of electronic device will increase their functioning and drive their essentiality in terms of enhancing the image capturing capabilities of devices. In terms of vehicle type, automotive compact camera modules are being increasingly employed in various vehicles for a wide array of applications, particularly in passenger cars. The compact camera modules, installed in rear, front & inside of automobiles, deliver safety to passengers, along with imparting enhanced driving experience through developed rear & front view of the driver. In terms of region, Demand for passenger vehicles and luxury vehicles in particular have witness a significant surge in countries of Asia-Pacific excluding Japan (APEJ). APEJ will continue to be the fastest developing market for automotive compact camera module. European vehicle owners demand for advanced driver assistance systems containing lane departure warning systems and parking assistance systems. Europe is therefore slated to be the second most profitable market for automotive compact camera module by 2026-end. Key Players Profiled and Analised in the Report This Report Is Submitted By @Maximize Market Research Company About Maximize Market Research: Contact info: Like it? Share it! More by this author |