Onsemi has 40% of market share.
Yole: A 2022 $5.4B automotive camera market thanks to higher autonomy demand, ASP increase due to chip shortage and product mix change to higher resolutions. Towards a 2028 $9.4B automotive camera market driven by a 10% CAGR
The automotive camera and image sensor markets have seen substantial revenue growth due to increased demand and higher prices driven by safety regulations and the chip shortage. The camera market was $5.4B in 2022, and the image sensor market $2.2B, projected to grow at CAGRs of 9.7% and 8.7%, respectively, to $9.4B and $3.7B by 2028. Lens sets account for one-third of camera module prices, and their value is expected to grow from $1.5B to $2.8B by 2028. The total camera market will grow from 218Munits in 2022 to 402Munits by 2028, with most cameras currently having resolutions between 1.2 and 1.7 MP. 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 in-cabin cameras for DMS and OMS will experience rapid growth. Thermal cameras could gain traction if the cost reduces, and AEB could be the best application.
onsemi domination: unveiling automotive imaging leaders and rising challengers
Despite the challenges of chip shortages and the COVID-19 pandemic, the automotive imaging ecosystem remains under the influence of OEM and Tier 1 dynamics. Valeo leads the ADAS camera market and Continental the viewing camera market. Hikvision has gained traction as a major competitor, while DJI has entered the market with stereo front cameras leveraging their drone expertise. onsemi has a 40% market share in automotive image sensors, followed by Omnivision at 26%. Sony and Samsung have performed well and offer competitive pricing. Sunny Optical dominates the lens set market with a 36% market share. Mobileye maintains a strong presence in the ADAS vision processor 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…