Cameras are now standard equipment for automobiles, with 124 million image sensors shipped in 2018. Automotive camera modules have reached US$3 billion and are expected to grow at an 11% CAGR reaching US$5.7 billion by 2024, announces Yole Développement (Yole) in its latest imaging report, Imaging for Automotive.
Over the past five years, viewing applications have been at the core of market growth – with rearview, surround-view, and black box becoming ubiquitous. ADAS cameras, which currently represent 40% of the business, will provide additional growth for years to come thanks to growing adoption rates.
As an example, ZF, one of the largest tier one suppliers of automotive systems, last year released its fourth Generation S-Cam with two solutions, one with a mono camera and the other with a triple camera set-up… Full article