Automotive Vision Sensors Market Overview by 2031

Automotive Vision Sensors Market Size and Forecasts (2021-2031), Global and Regional Share, Trends and Growth Opportunity Analysis Report Coverage by Product (Monocular Vision, Binocular (stereo) Vision), Applications (Commercial Vehicle, Passenger Car) and Geography

  • Report Code : TIPRE00023684
  • Category : Electronics and Semiconductor
  • Status : Upcoming
  • No. of Pages : 150
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Analyst Perceptive

The evolution of AI and the advancement of technology have extended the horizon of technology's capabilities. The AI-based vision sensors automatically determine imaging conditions and detection conditions with its AI capabilities specifically designed for presence and difference checking. The vision sensors are installed in the car for the safety and convenience of the driver. This feature and its reliability have resulted in the growth of the automotive vision sensor market. Therefore, several market players are focused on providing AI-based solutions, which further fuels the market growth. For example, Sony Semiconductor Solutions Corporation provides an intelligent vision sensor that enables high-speed edge AI processing within the sensor unit on top of image processing.

Market Overview

The vision sensor is nothing but an image processing system. The sensor first captures the image and then processes or analyzes it so the appropriate response can be taken. The automotive vision sensors market is expected to grow with a CAGR of more than 9% during the forecast period 2023-2031. The implementation of a few safety regulations by governments in countries around the world has made it mandatory to install more safety features in automobiles.

Market Driver

Rise in the demand for ADAS

The rapid advancement of technology and its accumulation in the automotive is enhancing its capabilities to perform better. Automobiles are becoming smarter, and it is all due to the technology installed in them. There has been an increase in the public's demand for advanced driver assistance systems (ADAS) as they provide an enhanced level of safety. ADAS provides features such as collision avoidance, pedestrian recognition, the distance between vehicles and objects, and several others. Automotive safety has been improved with the help of the vision sensors that have been installed. Thus, the demand for ADAS results in an increase in the growth of the automotive vision sensor market in the forecast period.

Market Scope

The "Global Automotive Vision Sensors Market Analysis to 2030" is a specialized and in-depth study of the Market with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by Product and Application. The global automotive vision sensors market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading player and offers key trends and opportunities in the market.

Market Segmentation

The "Automotive Vision Sensor Market" is segmented on the basis of product and application. On the basis of product, the market is segmented into monocular vision and binocular (stereo) vision. On the basis of application, the market is segmented into commercial vehicles and passenger cars.


The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global automotive vision sensors market based on various segments. It also provides market size and forecast estimates from 2020 to 2030 with respect to five major regions, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The automotive vision sensors market by each region is later sub-segmented by respective countries and segments. The report covers an analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.

The report analyzes factors affecting the automotive vision sensors Market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions, namely North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the automotive vision sensors market in these regions.

Automotive Vision Sensors Market Report Analysis

Automotive Vision Sensors Market

  • CAGR (2023 - 2031)
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Veoneer Inc
  • NXP Semiconductors
  • Cognex Corporation
  • Renesas Electronics Corporation
  • Banner Engineering Corp
  • Sick AG
  • Datalogic S.p.A
  • Delta Electronics, Inc

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Product
  • Monocular Vision
  • Binocular
By Applications
  • Commercial Vehicle
  • Passenger Car
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

The reports cover key developments in the automotive vision sensors market, including organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the automotive vision sensors market are anticipated to have lucrative growth opportunities in the future with the rising demand for the automotive vision sensors market.

The report also includes the profiles of key automotive vision sensors market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last 3 years, and key developments in the past five years. Mentioned below is the list of a few companies engaged in the automotive vision sensors market.

  • NXP Semiconductors
  • Cognex Corporation
  • TE Connectivity
  • Continental AG
  • Banner Engineering Corp.
  • Renesas Electronic Corporation
  • Texas Instruments Incorporated
  • Delta Electronics, Inc.
  • Sick AG

Automotive Vision Sensors Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Product
  • Monocular Vision
  • Binocular
By Applications
  • Commercial Vehicle
  • Passenger Car
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Veoneer Inc
  • NXP Semiconductors
  • Cognex Corporation
  • Renesas Electronics Corporation
  • Banner Engineering Corp
  • Sick AG
  • Datalogic S.p.A
  • Delta Electronics, Inc
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    The List of Companies

    1. Veoneer Inc
    2. NXP Semiconductors
    4. Cognex Corporation
    5. Renesas Electronics Corporation
    6. Banner Engineering Corp
    7. Sick AG
    8. Datalogic S.p.A
    9. Delta Electronics, Inc
    10. ifm electronic gmbh

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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