The global automotive split-view camera module market is anticipated to grow at a significant CAGR of 13.2% during the forecast period (2022-2028). A split-view camera put in a vehicle allows the driver to see the vehicle’s front or backside. The driver can observe cross-traffic views in front of and behind the vehicle, as well as a top-down picture of the surroundings of the vehicle through the split-view camera. In a car, the split-view feature might be considered an enhanced safety feature. It uses wide-angle lens cameras in the tailgate and griller to provide real-time video feeds. This allows the driver to detect any obstruction coming straight at the car or from the side. As a result, it provides security and ensures the automotive split-view module market’s expansion in the next years.
Driving a vehicle requires a high level of attention to safety. As a result, more people are using split view cameras. Furthermore, several standards have already been established to encourage the use of split-view cameras. As a result, 360° view ensures driver safety and contributes to the growth of the automotive split-view camera module market. Furthermore, as the number of road accidents increased, people’s awareness of the importance of safety has grown. While reversing, a split-view camera provides a 360-degree vision, reducing the risk of collision. As a result, the demand for automobile split-view camera modules has increased as demand for safety and security has increased.
In terms of geography, Asia Pacific is the leading region for vehicle split-view cameras. The expansion of the automotive split-view cameras market in the Asia Pacific region is being driven by the deployment of new production facilities and an increase in car sales, which results in a surge in expenditures and incoming passengers. In the foreseeable period, North America is expected to increase at a strong CAGR. The market in North America is predicted to develop due to rising government initiatives aimed at raising awareness of the market for vehicle split-view cameras and technological innovation.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance, in June 2020, The OVM9284 CameraCubeChip module, characterized as was launched by OmniVision Technologies, a provider of sophisticated digital imaging technologies. The 1MP module is 6.5 × 6.5 mm in size, allowing designers of driver monitoring systems to position it wherever in the car cabin. “It boasts the lowest power consumption among automotive camera modules,” according to OVT, “allowing it to function constantly at the lowest temperatures possible for optimal image quality.”
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Robert Bosch GmbH, Ford Motor Co., Ambarella, Inc., Continental AG, and Clarion Co., Ltd., among others.
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Global Automotive Split-view Camera Module Market Report by Segment
By Type
- CCD Chips
- CMOS Chips
By Application
- Original Equipment Manufacturer
- Aftermarket
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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