Market Trends of Printed Image Sensors Industry
This section covers the major market trends shaping the Printed Image Sensors Market according to our research experts:
ADAS Production in Automotive Sector is Driving the Market Growth
- The automotive sector has now been modernized with the inclusion of safe driving systems which has pushed the need to install an advanced driver assistance system (ADAS) component into the vehicle. ADAS systems rely on cameras that incorporate printed image sensors to quickly and accurately detect obstacles, other vehicles, pedestrians, traffic signs, and lane lines.
- Enabling better situational awareness and control to make driving easier and safer, ADAS technology is using FPGA/SoCs which enable automotive OEMs and suppliers to build innovative safety applications like Adaptive Cruise Control, Collision Avoidance, and Blind Spot Warning by leveraging the high security and reliability capabilities.
- ANSYS' comprehensive simulation platform provides deep capabilities for simulating autonomous vehicles and ADAS sensor. Using simulation, engineers can rapidly test thousands of driving scenarios which can optimize the performance of sensors and algorithms. Automobile manufacturers throughout the world are currently developing the next generation of ADAS sensor self-driving cars, i.e., Level 5 autonomous vehicles that can steer, accelerate and brake fully autonomously.
- Continental Engineering Services (CES) offers services around these technologies and products. Their services range from advanced development to prototype builts to turn key series application of ADAS functions for small volume or niche projects to special application of Continental sensors for automotive industries.
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Asia-Pacific Anticipated to Register a Significant Growth Rate
- Asia-Pacific is the next frontier for printed or flexible electronics. Owing to this, the region is witnessing a rise in the investments from foreign companies. Thin Film Electronics ASA, located in the United States, has recently signed a distribution agreement with a Chinese company, CymMetrik.
- The leading automotive companies invest heavily to increase the comfort and safety levels of drivers by implementing advanced technology through association with technological companies. Japan-based car manufactures such as Toyota Motor Corporation and Nissan Motor Company Ltd are implementing (ADAS), which offer parking assistance, collision avoidance systems, automatic headlight dimming, and lane departure warning.
- ADAS will become standard in Indian cars as reported by the Ministry of Road Transport and Highways of India. The ministry aims to implement the plan on all new vehicles (heavy-duty included) by early-2022. Owing to this, the country has witnessed the entry of several new startups developing ADAS.
- India is also showing high growth rate for printed image sensor market. Large base of smartphone users and increase in purchasing power of individuals are the key factors that are fueling the growth of the market. The ongoing trend of the Internet of Things (IoT) is expected to boost the growth of the market in the country.
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