Market Trends of Global Automotive Imaging Industry
This section covers the major market trends shaping the Automotive Imaging Market according to our research experts:
Increasing Demand for Imaging and Sensor Technologies
- The automotive industry was one of the first to adopt image-based automatic inspection and analysis for process control. Machine Vision technology serves as the eye for the automotive manufacturing process. Real-time support and monitoring are feasible with imaging technologies such as conventional imaging, hyperspectral imaging, infrared imaging, line scan imaging, and 3D surface imaging. Modern sensors and advanced imaging technology can help a driverless car to drive at high speed.
- For advancements in safety and reliability, automobiles will continue to be equipped with Advanced Driver Assistance Systems (ADAS) and Driver Monitoring Systems (DMS) that notify drivers to avoid accidents.
- The parking assistance application is driving the growth of automotive imaging. The demand for manufacturing rearview cameras, along with the increasing installation of 360-degree cameras in new cars, will drive growth for the automotive imaging market moving forward.
- The real-time traffic sign recognition (TSR) systems not only help drivers to follow the traffic signals but help them follow the traffic rules. Traffic sign recognition systems in a vehicle are equipped with forward-facing cameras to detect the on-road signs. Real-time feeds from the front cameras with image processing, computer vision, and image recognition algorithms help this system recognize the traffic signs and display them on the infotainment system to be addressed by the driver.
- The latest collision warning systems work on radar, laser, and camera systems and generate audio, visual and tactical alerts in case of any possibility of collisions. These systems measure the distance, angular direction, and relative speed between the two vehicles.
- Night vision is equipped with thermal cameras and far-infrared sensors. Infrared sensors capture thermal radiations from the front of the vehicle and clearly distinguish living beings from objects, trees, and traffic signs on pedestrians and roadways. Automotive companies are researching artificial intelligence (AI) based pedestrian detection technologies, which are expected to be more precise than the existing ones.
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Asia Pacific Region is Expected to Register the Fastest Growth
- In the Asia-Pacific region, there is significant growth in sales of passenger cars and commercial vehicles. For instance, China is leading in adopting the Advanced Driver-Assist System (ADAS). Thus it is propelling the Asia Pacific automotive Imaging market growth.
- The increasing penetration of luxury automotive manufacturers, such as MG Motors, Jeep, Audi AG, and BMW AG, propels the demand for advanced automotive camera systems. These components are featured in compact and mid-sized vehicles of developed countries such as Australia and Singapore, contributing to market expansion. The improvements in autonomous cars further enable camera systems to improve vehicle safety features.
- The rising number of road deaths in the area is driving the implementation of improved safety measures in automobiles, boosting market growth. These sensors are used in emergency braking systems to detect impediments, alert drivers, or stop automatically to avoid collisions. Camera systems are also employed in advanced parking assist systems to detect appropriate parking spaces and support essential steering actions.
- The key players operating in the market are Hitachi Automotive Systems Ltd., Denso Corporation, Robert Bosch GmbH, Veoneer, Continental AG, and others. These companies are developing technically equipped products to enhance the safety of vehicles.
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