Revving up: building a robust Chinese ecosystem in the automotive camera industry

Product Related

In 2023, automotive imaging surged to US$5.7 billion, propelled by the rebound in car production, escalating demand for autonomy, and proliferation of higher-resolution product offerings.


  • The image sensor and camera markets are projected to grow at CAGRs of 5.4% and 6.9%, respectively, between 2023 – 2029. At the end of this period, both segments will reach US$3.2 billion and US$8.4 billion, respectively.
  • The automotive imaging industry is recovering this year from the chip shortage of 2021 – 2022.
  • Valeo and Bosch are among the traditional Tier-1s still leading the market at the camera level.
  • The Chinese automotive camera ecosystem is developing rapidly and will change the status of traditional Tier-1s. Companies such as Sunny Optical are adopting a vertical approach transitioning towards offering modules instead of just optics.

In 2023, the automotive industry saw a resurgence in production, reaching approximately 88 million vehicles. This uptick was accompanied by a notable rise in the automotive camera market, which soared to US$5.7 billion. Projections suggest these markets will continue to expand, with expected CAGRs of 6.9% to reach US$8.4 billion by 2029. On the component level, automotive lens set market is estimated at US$1.7 billion in 2023. The increased adoption of high-resolution cameras and advancements in product offerings will drive the growth of the market to reach US$2.4 billion by 2029 with a 6.5% CAGR.

Anas Chalak-YINT
Anas Chalak, Technology & Market Analyst – Imaging, at Yole Group
“Looking ahead, the automotive image sensor market is poised for substantial growth, forecasted to increase from US$2.3 billion in 2023 to US$3.2 billion by 2029 with a 5.4% CAGR. This growth will be primarily driven by the increased camera implementation per car and the adoption of high-resolution sensors. Of particular interest, the growth in the image sensor market outpaced that of the semiconductor industry, buoyed by the recovery from the chip shortage.”

Furthermore, ADAS cameras are projected to reach US$3.6 billion by 2029, with side and rear cameras gaining popularity. DMS are anticipated to exceed US$1 billion by 2029, indicating significant opportunities for expansion. Niche markets such as OMS and e-mirrors also show promising growth potential, aiming to enhance the human-machine interface and the overall driving experience.

In this context, Yole Group releases its market & technology report, Imaging for Automotive 2024. In this new analysis, the company provides a market dynamics-based scenario for cameras within the automotive market, offering a comprehensive understanding of the impact of atomization and safety regulations on the automotive imaging industry. This new study was developed thanks to numerous DMS/OMS teardowns performed by a dedicated team at Yole Group and revealed in the company’s Automotive Teardown Tracks. With the Imaging for Automotive report, 2024 edition, Yole Group offers key technical insights and analyses into market trends and delivers an in-depth understanding of the automotive industry landscape.

Titre du visuel

june 2021

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Thematic(s) :

The automotive imaging sector is recovering from the chip shortage experienced in 2021 – 2022 and observed both an uptick in shipments and a decline in ASPs for image sensors and cameras in 2023. Valeo stands out as a leader in the ADAS and viewing camera segments, commanding market share of 22% and 19%, respectively. While traditional Tier-1 companies continue to dominate the ADAS market, the Chinese supply chain is strengthening its position in the viewing camera sector, with emerging players such as Sunny Optical, Hikvision, and DJI.

Zine Bouhamri, Ph.D., Activity Manager, Imaging & Display at Yole Group
“onsemi maintains its prominent role in the image sensor market, capturing over one-third of the total market share, closely followed by Omnivision and Sony. Sunny Optical, specializing in R&D for cost-effective optics for high-resolution sensors, holds a commanding 37% share in the lens set market.”

The DMS market presents lucrative opportunities for manufacturers of image sensors and cameras, with evaluation programs gaining traction in China and regulatory measures expected in Europe by 2026. Mobileye continues to dominate the ADAS computing market, with a market share exceeding 50%.

Yole Group invites you to follow the imaging technologies, related devices, applications, and markets on

In this regard, make sure to meet our imaging experts at EMBEDDED VISION SUMMIT 2024 on May 23 in Santa Clara, USA and attend both of our presentations:

  • The Future of Automotive Imaging: Market Insights and Technological Evolution
  • Recent Trends in Industrial Machine Vision: Challenging Times

Interested in an on-site meeting with us? Send a request to

Stay tuned!


  • CAGR : Compound Annual Growth Rates
  • ADAS : Advanced Driver Assistance Systems
  • DMS : Driver Monitoring Systems
  • OMS : Occupant Monitoring Systems
  • E-mirrors : Electronic Mirrors
  • ASP : Average Selling Prices

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