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Description
Vehicle Camera Module Market size was valued at USD 2,317.4 million in 2021 and is poised to grow at a CAGR of 13.8% from 2022-28. Earlier smartphone camera trends showed the use of mostly fixed focus camera modules; however, as smartphone cameras improve, autofocus camera modules are gaining traction. Though smartphones and other consumer electronics products, such as wearables, will drive the market for autofocus camera modules, the automotive sector is likely to predominantly utilise fixed-focus camera modules. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global vehicle camera module. Market players have witnessed the advancements of technology and launch of new technologies to strengthen their position in the vehicle camera module market across the globe.
Key Developments:
In February 2019, LG Innotek initiated mass production of ToF (Time of Flight; measuring of flight-time distance) module for a smartphone to secure the leading position in the high-tech 3D sensing component market. During the forecast period, autofocus camera modules are expected to expand at the fastest rate.
