ERRATUM - onsemi dominates the automotive imaging market. Who will be the new challengers?

An editorial error was made in the press release date July 31, 2023, announcing the results of Yole Group’s Imaging for Automotive report, 2023 edition. The correct market share of Omnivision is 28% instead of 26%. All the other figures are correct and remain unchanged.

Despite numerous challenges faced in 2021 and 2022, the ecosystem remains influenced by OEM and Tier 1 dynamics.

OUTLINE:

• The #cameramodules and the #cmos #imagesensor markets for #automotive applications should reach more than US$9 billion and US$3 billion respectively in 2028.
• ?A 9.7% and an 8.7% CAGR[1] between 2022 and 2028 is announced in Yole Intelligence‘s yearly analysis respectively for the two markets.
• Competitive landscape:

安森美半导体 is still leading the market taking advantage of the ASP[2] increase, followed by Omnivision, Sony, and Samsung.

Some Chinese players like SmartSens and BYD are gaining step by step, market shares in the growing Chinese market…

• Technologies are evolving to meet the demands of high resolution with a 1.6% of the total market.

The automotive camera and image sensor markets have seen substantial 22.8% and 35.3% YoY[3] growth in revenues to reach US$5.4 billion and US$2.2 billion respectively in 2022. The growth was due to the increased demand and higher prices driven respectively by the safety regulations and the chip shortage. In the Imaging for Automotive 2023 report, analysts from Yole Intelligence, part of Yole Group, estimate that the camera market and the image sensor market are projected to grow at CAGRs of 9.7% and 8.7%, respectively, to US$9.4 billion and US$3.7 billion by 2028. #lens sets account for one-third of camera module prices, and their value is expected to grow from US$1.5 billion to US$2.8 billion by 2028.

Anas Chalak , Technology & Market Analyst, Imaging at Yole Intelligence, comments: “The total camera market volume will grow from 218 million units in 2022 to 402 million units by 2028, with most cameras currently having resolutions between 1.2 and 1.7 MP[4]. Viewing cameras have the largest volume, with the 360° surround view system gaining traction.”

#adas cameras will be present in 94% of cars by 2028, while #incabin cameras for #dms and #oms will experience rapid growth. Thermal cameras could gain traction if the cost comes down, and AEB[5] could be the best application.

Despite the challenges of chip shortages and the COVID-19 pandemic, the automotive imaging ecosystem remains under the influence of OEM[6] and Tier 1 dynamics.

法雷奥 leads the ADAS camera market and Continental the viewing camera market. 海康威视 has gained traction as a major competitor, while DJI has entered the market with stereo front cameras leveraging their drone expertise. At the image sensor level, onsemi has a 40% market share in automotive image sensors, followed by OMNIVISION at 28%. 索尼 and 三星电子 have performed well last year and offer competitive pricing. In addition to these four main players who are anticipated to have a closer competition, Chinese companies such as SmartSens Technology , 比亚迪 , and Galaxycore Inc are increasing their investments and market shares in the automotive sector and are anticipated to have a stronger presence in the coming years, driven by the growth of the #chinesemarket . Sunny Optical Technology (Group) Co. Ltd. dominates the lens set market with a 36% market share. Mobileye maintains a strong presence in the ADAS #visionprocessor market with 52% and is expected to solidify its position. “Although traditional Tier 1 players dominate the ADAS market, there are opportunities in the in-cabin segment, particularly in the Chinese market, where privacy concerns are less pronounced,” affirms Anas Chalak.

Yole Group will attend the MEMS & Imaging Sensors Forum, powered by SEMI, in Grenoble, France, and Autosens Brussels 2023, both events happening from September 19 to 21.

Analysts are very glad for the opportunity to meet Yole Group’s customers and business partners, establish new contacts in the industry, and help drive their business forward.

Come and meet Yole analysts and look through the latest market, technology, reverse engineering and reverse costing analyses. Send us your request for an onsite meeting at [email protected].

Stay tuned on yolegroup.com !

[1] CAGR: Compound Annual Growth Rate

[2] ASP: Average Selling Price

[3] YoY: Year-over-Year

[4] MP: Megapixel

[5] AEB: Automated Emergency Braking

[6] OEM: Original Equipment Manufacturer?

Source: www.yolegroup.com