Global Automotive Optic Lenses in Safety System Market 2016-2020

Overview of the global automotive optic lenses in safety system (AOLSS) market

Market research analysts at Technavio predict the global automotive optic lenses in safety system (AOLSS) market to grow steadily over the next four years. Based on unit shipments, the analysts estimates that the market will post a CAGR of more than 20% and almost 46% by 2020 by pessimistic sizing and optimistic sizing methodology respectively. This market research analysis identifies the introduction of high-resolution 360-degree cameras as one of the primary factors that will influence the growth of the automotive optic lenses in safety system market. Technological advances in the recent years have led to the evolution of the automotive advanced driver assistance systems such as lane departure warning system and automotive surround view systems where these systems can now provide drivers with 3D images from any angle. The latest systems from vendors such as Bosch and Continental can now create a full 360-degree 3D view of the vehicle, showing any obstacle surrounding the vehicle which aids in parking. Also, the TDA 2× based surround-view system from Texas Instruments provides seamless stitching through advanced geometric and photometric alignment algorithms that can be efficiently implemented by digital signal processors.

This market study identifies the replacement of conventional lenses by off-axis wide-angle lenses in automotive camera modules to be one of the major trends that will gain traction in this market during the next four years. The field of view (FOV) of rear view cameras that assist in parking is usually over 140 degrees. Wider FOVs produce higher aberrations, which increases the number of field elements required to correct the aberrations, in turn, leading to an increase in the cost. This will result in the advent of a solution that involves the creation of a new optical system using an off-axis optical system and a freeform surface, wherein only the area of interest is imaged on the sensor. This reduces the sensor load and also helps in decreasing the degree of required image post processing.

Competitive landscape and key vendors

The market is characterized by the presence of a handful number of vendors and is dominated by the key players such as Sunny Optical, Nidec Sankyo, Hitachi Maxell, Sekonix, and Fujifilm. One of the major vendors Sunny Optical currently leads the global AOLSS market and the company is a leading manufacturer of integrated optical devices and optical imaging system solutions. The company provides optical components such as glass spherical and aspherical lenses, plane products, handset lens sets, vehicle lens sets, optoelectronic products such as handset camera modules, three-dimensional optoelectronic products, security cameras, and also optical instruments such as microscopes, optical measuring instruments, and various high-end optical analytical instruments.

The leading vendors in the market are -

• Sunny Optical
• Nidec Sankyo
• Hitachi Maxell
• Sekonix
• Fujifilm

The other prominent vendors in the market are Kyocera, Gentex, Boowon Optical, and DigitalOptics Corporation.

Geographical segmentation and analysis of the AOLSS market

• Americas
• APAC
• EMEA

This market research and analysis predicts that in terms of geographical regions, EMEA will account for a major share of the global automotive optic lenses in safety system market by the end of the forecast period. Though the Americas is the current major revenue contributor to the market, the market shares of EMEA is expected to increase gradually during the next four years and the region will account for about 38% of the total market shares by 2020.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global automotive optic lenses in safety system market?
• What are the key market trends impacting the growth of the global automotive optic lenses in safety system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive optic lenses in safety system market?
• What are the market opportunities and threats faced by the vendors in the global automotive optic lenses in safety system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive optic lenses in safety system market?

Technavio also offers customization on reports based on specific client requirement.

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Automobile optic lenses are incorporated in cameras as a part of the safety system in vehicles. The camera is devised to have image recognition functions and integrated with an optic lens that can sense and capture information. This information is then transferred to the controller as an input data. The optic lens comprises of various components including mounting hardware, optical benches, reflectors lens housing, adhesives, and optic glass. These components are integrated on the basis of weight, size, temperature, weight, performance and cost.

The report, global automotive optic lenses in safety system market, is part of Technavio’s automotive research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as auto accessories, automotive components, automotive electronics, automotive manufacturing, automotive services, powertrain, and wheels and tires. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.