Market Trends of Automotive Optoelectronics Industry
Image Sensors are Expected to Hold Major Market Share
- Image Sensors are expected to hold a significant market share. The growth of the segment is driven by the rising adoption of image sensors for automatic optical inspection (AOI) and the rising focus on camera quality in automobiles. Automotive image sensors are sophisticated electronic devices that capture visual data from a vehicle's surroundings. They are crucial for enhancing safety, enabling advanced driver assistance systems (ADAS), and supporting the development of autonomous vehicles. These sensors enable a broad range of functionalities, from basic safety features to the complex requirements of autonomous driving.
- The automobile industry is focusing on enabling safer driving experiences. This, in turn, has increased the use of frame-transfer CCD sensors and interline-transfer CCD sensors. CCD sensors, like all technologies, come with their set of pros and cons. However, the drawbacks associated with CCD sensors have led to a notable trend: CMOS sensors are progressively supplanting CCD sensors in specific applications. For instance, the advantages of CCD sensors include lower noise and higher sensitivity owing to their higher fill factor, fewer defective pixels owing to their simple structure, and better image homogeneity.
- The capacity of CMOS image sensors to work efficiently in various lighting conditions, such as dim light, darkness, and low light, has increased the use of CMOS image sensors, especially in security applications, bolstering the CMOS image sensors market in the automotive industry.
- For instance, in May 2024, Omnivision announced a new automotive image sensor lineup by introducing the OX05D10, a 5-MP CMOS sensor. This addition comes on the heels of the OX08D10, an 8-MP sensor unveiled in September at AutoSens Brussels. The OX05D10 is designed to excel in low-light conditions, specifically countering image flicker caused by LED traffic lights and signals in automotive exterior cameras. Targeted at advanced driver assistance systems (ADAS) and autonomous driving applications, the OX05D10 is equipped with Omnivision's cutting-edge 2.1 µm single-pixel TheiaCel technology.
- The rising demand for autonomous vehicles will likely foster market growth. For instance, according to Intel, worldwide car sales are projected to reach more than 101.4 million units in 2030, and autonomous vehicles are likely to account for around 12% of car registrations by 2030. These factors are projected to create new growth opportunities for image sensors.
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China is Expected to Witness a High Market Growth Rate
- China is home to manufacturers of consumer electronics and automotive parts. Furthermore, increasing automotive light vehicle production drives market growth in China. The demand for passenger car sensors in this area has also been boosted by the growth of the economy and progress within the regulatory framework.
- The Chinese automotive sector is proliferating, and the region plays a more significant role in the global auto industry. China is one of the top countries that have adopted electric vehicles, which are becoming increasingly popular. In August 2023, China's new energy vehicle sales reached 846,000 units, with passenger electric vehicles accounting for 808,000 units and commercial electric vehicles for 39,000 units.
- Warehouses utilize optoelectronics for various applications, including automatic access control, remote sensing for inventory and environmental monitoring, high-bandwidth optical communications, lighting, and security systems. As pivotal hubs in the e-commerce revolution, retailers are continually innovating their warehouses to maintain a competitive edge.
- The region's manufacturing industry is on a rapid growth trajectory, increasingly adopting diverse manufacturing and telecommunications technologies, a trend poised to bolster the market's expansion. Moreover, initiatives like the 'Made in China 2025' plan underscore the Chinese government's commitment to advancing R&D in factory automation. While China currently imports a significant portion of its automation equipment, the 'Made in China' initiative seeks to boost domestic production of these essential tools.
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