Market and Technology Trends
Imaging for Automotive 2024
By Yole Intelligence —
Reaching $5.7B in 2023, imaging for automotive is driven by car production recovery, higher demand in autonomy, and the increase in product mix with higher resolutions.
YINTR24416
Report objectives
Methodologies & definition
Identity card
Scope of the report
About the authors
Companies cited
What we got right, what we got wrong
Historical forecasts
Three-page summary
Executive summary
Context
Market forecast
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- 2023-2029 automotive CIS revenues forecast
- 2023-2029 automotive camera module revenues forecast (by application)
- 2023-2029 automotive camera module revenues forecast (by component)
- Automotive camera module: average camera per car forecast
- ADAS camera penetration in cars (in %)
- Automotive image sensor & camera: volume forecast (by application):
- ADAS forward imaging
- ADAS side & rear
- View rear
- View 360° surround view
- View e-mirror
- DMS camera
- OMS camera
- Dash recorder
- Thermal (night vision)
- Exterior access
- ADAS, in-cabin, and viewing camera volume forecast
- Automotive image sensor: revenue forecast by application (in $M)
- Automotive camera module: revenue forecast by application (in $M)
- Automotive camera module: revenue forecast by sub-component (in $M)
- Image sensors
- Lens set
- Others
- Automotive camera volume vs. price for application
- Automotive wafer start forecast (in kWafers) by application (ADAS / viewing / in-cabin)
- Forward ADAS camera breakdown: monocular vs multi-camera
- Monocular / Stereo / Triple ADAS camera forecast
- Focus on ADAS camera market: volume in (Munits)
- Focus on viewing camera market: volume in (Munits)
- Focus on in-cabin camera market: volume in (Munits)
- Automotive camera systems penetration rate forecast (in%)
- Regional breakdown: automotive camera sales (in Munits & in %)
- Dash-cam and emerging exterior access camera module forecast
- Automotive image sensor breakdown by resolution (in MP)
- ADAS / Viewing / in-cabin
- Automotive wafer start forecast (in kWafers)
- Automotive thermal camera forecast: volume in (Munits)
Market trends
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- Imaging applications by sub-segment
- Regulations, and assessment programs
- NCAP approaches: Euro-NCAP & C-NCAP
- GSR II
- Regulations toward L3 autonomy (Europe, Japan, China and US)
- ADAS & surround view trends
- Application trends
- Autonomy level forecast
- From ADAS to autonomous driving
- Tesla side camera configuration to become a trend?
- Park assist trends
- Exterior rearview mirrors
- In-cabin trends
- Application trends
- Exterior access trends
- China’s market trends
- Chinese OEMs future strategy
- Chinese connected vehicles treat on the US
- Chinese OEM: Zeekr / Li Auto / XPeng / Avatr / Lotus / Polestar
- New brands / models in the market
- Ecosystem & supply chain
- Automotive imaging competitive landscape on different levels
- CMOS image sensor
- Computing
- Camera module
- Market share (in revenues)
- ADAS camera manufacturers revenues
- Viewing camera manufacturers revenues
- CMOS image sensor manufacturers revenues
- Lens module manufacturers revenues
- ADAS processor manufacturers revenues
- Chinese players shifting to new sources of growth
- China: a well-established automotive camera supply chain
- A strong Chinese supply chain is in the making
- Sunny Optical becoming a well-established player
- Newcomers in automotive camera modules
- Tier-1s’ strategies to stay a step ahead of competitors
- Supply chain diversification
- Noteworthy news & M&As
- Automotive imaging competitive landscape on different levels
Technology trends
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- Automotive imaging technologies and systems
- CIS: HDR / LFM / Packaging / Color Filters
- Automotive CIS breakdown by packaging type
- Breakdown by packaging type
- Car architecture evolution
- Connectivity to drive innovation to image sensors
- Automotive SerDes solution
- Emerging technologies for ADAS & in-cabin
- Lens modules trends
- Computing trends
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Outlook
Yole Group related products
About Yole Group
Automotive CIS growth outperformed the global semiconductor market’s growth.
In 2023, automotive production rebounded with ~88 million vehicles. With the ongoing trend toward higher automation levels, the automotive camera market surged to $5.7 billion, while image sensors reached $2.3 billion, expected to grow at CAGRs of 6.9% and 5.2% by 2029, respectively. The image sensor market growth outperformed the semiconductor industry in 2023 following the recovery from the chip shortage. The automotive lens market is expected to grow from $1.7 billion in 2023 to $2.4 billion in 2029, with a 6.5% CAGR driven by the higher implementation of high-resolution cameras and product mix.
Notably, ADAS cameras are estimated to grow to $3.6 billion by 2029, with side & rear cameras becoming more popular. DMS is expected to hit more than $1 billion by 2029, representing significant growth opportunities. Niche markets OMS and e-mirrors also show promising growth potential to improve the human-machine-interface and driving experience.
The rising influence of China in automotive camera ecosystem
The automotive imaging industry is rebounding from the chip shortages of 2021-2022, witnessing increased shipments and reduced average selling prices (ASPs) for image sensors and cameras in 2023. Valeo leads the ADAS and viewing camera markets with 22% and 19% market share, respectively. The ADAS market is still led by traditional Tier-1s while the Chinese supply chain is getting stronger for viewing cameras, with companies such as Sunny Optical, Hikvision, and DJI emerging. onsemi is maintaining its leading position in the image sensor market, with more than one-third of the total market share, followed by Omnivision and Sony. Sunny Optical – which focuses on R&D for cost reduction and high-resolution sensors – dominates the lens set market with a 37% market share. The DMS market represents significant opportunities for image sensor and camera manufacturers, with assessment programs being pushed in China and regulations coming in 2026 in Europe. Mobileye remains dominant in the ADAS computing market with more than 50% market share.
Sony's exploration of serializer integration in automotive image sensors
Vision solutions for automotive that use cameras excel in object recognition and classification but face challenges in poor weather and low light. Automotive image sensors demand high dynamic range, LED flicker mitigation, and a wide field of view. iBGA packaging dominates the market, representing 77% of the total volume, with a slight tendency toward CSP to cut costs. On the system level, the industry is moving towards centralized fusion platforms, driving innovation in sensor connectivity. Sony is exploring the integration of serializers into image sensors, and other CIS manufacturers are following the same path. DMS primarily uses 2D RGB sensors and is awaiting the adoption of RGB-IR sensors. Hybrid lens sets are the most popular, with an ongoing effort to reduce costs by integrating more plastic lenses. Meanwhile, invisible wavelength cameras remain a niche, while the driver for thermal cameras is night vision in high-end cars, while SWIR imaging is limited by cost and maturity.
Adasky, Aion, Aisin, Ambarella, AMD, Anteryon, Aptiv, Asia Optical, Avatr, BlackSesame, BMW, Bosch, BYD Auto, Changai, Chery, Cipia, Continental, Cruise, Denso, Desay, DJI, Evetar, FAW, Ficosa, Ford, foretellix, Forvia, GalaxyCore, Geely, GM, GSEO, Hailo, Hasco, helm.ai, Hikvision, HiPhi, HiSilicon, HL Klemove, HL Mando, Honda, Hong Jing Drive, Horizon robotics, Huaxin, Huwaei, Hyundai, Infineon, InfiRay, Kantatsu, Kinko Optical, Kneron, Kognic, Kolen, Kyocera, Largan, LCE, Leapmotor, Leddartech, LG Innotek, Li Auto, Lotus, Lynred, Magna, Maxell, mcnex, Melexis, Mengshi, Mercedes, Minieye, Mitsubishi, Mobileye, Nidec, Nissan, nodar, Nuvoton, Nvidia, NXP, Ofilm, Omnivision, onsemi, OptronTec, Owl AI, Panasonic, PixelPlus, Polestar, Qualcomm, Renault, Renesas, SAIC, Sama, Samsung, Scale, seeingmachines, Sekonix, Singo, SmartEye, SmartSens, Sony, ST Microelectronics, Stellantis, Sunex, Sunny Optical, Tamron, Tata, Telechips, Teledyne, Tesla, Texas Instruments, tobii and more.
Key Features
2019-2029 forecast for automotive CIS and camera module (Munits, $M)
- Market trends for ADAS, viewing and in-cabin segments with an in-depth analysis
- Ecosystem mapping for image sensor, camera module, lens set and computing
- Player market share by segment
- Noteworthy news from the current and last year
- Technology trends: resolutions, lens set, color filters, and emerging technologies for ADAS, viewing and in-cabin
- 2023 CIS resolution breakdown
Report’s objectives
- To furnish readers with a market-dynamics-based scenario for cameras within the Automotive market, providing an understanding of the impact of atomization and safety regulations on the automotive imaging industry:
- Hardware revenue forecasts, shipment volume forecasts, ASP forecasts and wafers production forecast over the 2024-2029 period
- Technical market segmentation
- Application range
- To offer key technical insights and analyses into market trends:
- Key application use-cases for ADAS, viewing and in-cabin
- Market and technology dynamics
- Emerging markets and technologies, trends and roadmaps
- To deliver an in-depth understanding of the automotive industry landscape:
- Who are the players? What are their relationships inside this ecosystem?
- Which are the key suppliers to watch, and what technologies do they provide?
- Automotive CIS, camera module, lens set and computing players ranking and market share
What’s new?
Updated 2019-2029 market and wafer forecasts and market shares
- 2023 camera sales volume breakdown by regions
- 2023 CIS packaging breakdown