Automotive Image Sensors Market Size, Share & Trends Analysis Report By Technology (CCD, CMOS), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Region, And Segment Forecasts, 2023 - 2030

Automotive Image Sensors Market Size, Share & Trends Analysis Report By Technology (CCD, CMOS), By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Region, And Segment Forecasts, 2023 - 2030

Automotive Image Sensors Market Growth & Trends

The global automotive image sensors market size is expected to reach USD 7.15 billion by 2030, registering a CAGR of 11.6% from 2023 to 2030, according to a new study by Grand View Research, Inc. The ongoing expansion of the camera-based Advanced Driver Assistance Systems (ADAS) is expected to drive market growth over the forecast period. In addition, the growth of various camera-based ADAS technologies, including configurations with multiple cameras such as rear-view, front-view, and surround-view cameras, further propels the growth of the market.

The increasing integration of image sensors into infotainment systems to facilitate functions such as gesture recognition, driver monitoring, and interior monitoring is expected to compel market growth over the forecast period. For instance, in May 2022, STMicroelectronics International N.V. launched its second-generation VB56G4A automotive global-shutter image sensor, which streamlines the design of Driver Monitoring Systems (DMS). This image sensor is designed to continuously observe the driver's head movements, detecting signs of drowsiness and distraction. This allows the vehicle's systems to issue warnings designed to safeguard the well-being of occupants. These developments substantially enhance the appeal of image sensors, which is expected to drive market growth over the forecast period.

Several key companies operating in the market focus on introducing new products and offerings to cater to the larger customer base and strengthen their foothold in the industry. For instance, in June 2023, OmniVision Technologies Inc. launched two new products in its Nyxel near-infrared (NIR) technology family, which include OX02C1S and OX01H1B sensors. The OX02C1S comes with an RGB-IR BSI global shutter sensor equipped with a 2.5-megapixel resolution personalized for in-cabin driver and occupant monitoring systems. The OX01H1B is a 1.5MP monochrome (IR) GS sensor designed specifically for driver monitoring systems (DMS). Such advancements are expected to fuel the market's growth in the coming years.

Automotive Image Sensors Market Report Highlights

• Based on the technology, the CMOS technology segment accounted for the largest revenue share of over 79.0% in 2022, owing to its compact design, low energy consumption, and cost-efficient characteristics
• Based on the vehicle type, the passenger vehicles segment accounted for the largest market share of over 69.0% in 2022. This is attributed to the use of advanced image sensor technology by automakers as a competitive differentiator to attract customers
• The Asia Pacific market captured the highest revenue share of over 53.0% in 2022. This dominance is attributed to the region's ongoing technological advancements along with the surge in demand for automotive image sensors

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