Global Automotive Lens Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Automotive Lens Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Automotive Lens market finds that the global Automotive Lens market reached a value of USD 2163.96 million in 2022. It’s expected that the market will achieve USD 5947.4 million by 2028, exhibiting a CAGR of 18.35% during the forecast period.

Limitations

The automotive industry accounted for 20% of GDP growth in 2018 and about 30% of global trade growth. The reason for the decline is that certain markets have reached the maximum saturation of cars (also known as peak cars), and headwinds of car supply and demand may drag the car industry down.
As regulatory and trade tensions hit their core businesses, automakers' margins are under greater pressure.
The EU and China are enacting stricter pollution laws, forcing companies to spend more on low-emission technologies. Tariffs between China and the United States have also increased the cost of key automotive manufacturing materials and eroded manufacturers' profits. The trend of autonomous driving and electric vehicles has also proven to be expensive.
As the automotive industry saturates, and automakers' profits have fallen, in 2018, the industry's production and sales both experienced a dramatic decline. To some extent, it will limit the development of automotive lenses.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Sunny Optical Technology (Group), SEKONIX, Kantatsu with the revenue market share of 33.70%, 15.88% and 10.03% in 2018.

Sunny Optical Technology (Group) Co. Ltd. engages in the design, manufacture, and sale of optical and optical devices products. The company's main products include three categories, one is optical components, mainly including glass / plastic lenses, flat lenses and various lenses; the second is optical products, mainly including mobile phone camera modules and other photoelectric modules, to intelligent 3D products The intelligent optical business for the purpose; the third is optical instruments, mainly including microscopes, intelligent equipment business for the purpose of combining deep learning, and intelligent technology business for the purpose of digital factory solutions. The company's products are mainly used in consumer electronics fields such as mobile phones, automobiles, and cameras.

SEKONIX

Since its establishment in 1998, the company has developed CRT projection television lenses for the first time worldwide and successfully achieved localization. In 2002, we first developed and massproduced VGA camera lenses for mobile phones in South Korea, and in 2006 we developed and massproduced car cameras. In 2012, we successfully developed an ultra-small projector module with a built-in mobile phone.

Segmentation Overview:

Among different product types, Side View Lens segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Passenger Vehicles segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Automotive Lens market covered in Chapter 3:

SEKONIX
Largan Precision
Genius Electronic Optical (GSEO)
Union Optech
Ofilm Jingchuang Opto Electronics (Tianjin)
Kantatsu
KAVAS
Sunny Optical Technology (Group)
Sunex

In Chapter 4 and Chapter 14.2, on the basis of types, the Automotive Lens market from 2018 to 2029 is primarily split into:

Front View Lens
Rear View Lens
Side View Lens
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Automotive Lens market from 2018 to 2029 covers:

Passenger Vehicle
Commercial Vehicle

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)