Automotive Vision Systems Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Vision Systems Market Overview
The automotive vision systems market size was estimated at 680.6 million units in 2023. The market will grow at a CAGR of more than 2% during 2023-2028. The focus of original equipment manufacturers on systems infrastructure is one of the main factors driving the market’s expansion. The Asia-Pacific region had a significant share in the automotive vision systems market.
Automotive Vision Systems Market Outlook 2023-2028 (Million Units)
The automotive vision systems market research report provides a comprehensive overview of the market trends and drivers. The report also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, it helps evaluate strategic initiatives by market players and their recent product innovations. The report also provides an overview of patent filings across sectors; regions; countries; and top applicants.
Market Size (2023) | 680.6 Million Units |
CAGR (2023-2028) | >2% |
Key Segments | Wiper Blades, Acoustic Windshields, Head-Up Displays (HUDs), Infrared Reflective Glazing, and Laminated Sidelites |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Asahi Glass, Saint-Gobain Sekurit, Central Glass, Pilkington Automotive, and Others |
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Automotive Vision Systems Market Trends
The key trends shaping the growth of the automotive vision systems industry are the increasing use of automatic vision systems for visual defect detection and the incorporation of ADAS.
The most frequent reason for traffic collisions is driver inattention so technologies that actively draw a driver’s attention in a dangerous situation are desired. Consumers are becoming more safety conscious and insurance companies and regulators have started to recognize the positive impact ADAS can have on accident rates. Henceforth, the demand for advanced driver assistance systems (ADAS) is anticipated to rise.
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Automotive Vision Systems Market Segmentation by Region
Asia-Pacific market leads in the global vision systems market in 2023.
The key regions in the automotive vision systems market are Asia-Pacific, Europe, North America, South America, and MEA. APAC is followed by Europe and North America. The MEA region is expected to register high growth followed by South America and Europe.
Automotive Vision Systems Market Analysis by Region, 2023 (%)
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Automotive Vision Systems Market – Competitive Landscape
In 2021, Asahi Glass led the global sunvisions market.
A few of the leading companies in the automotive vision systems market are:
- Asahi Glass
- Saint-Gobain Sekurit
- Central Glass
- Pilkington Automotive
- Others
In May 2022, AGC developed a light-controlled panoramic roof with Low-E coating, which has been adopted for the Lexus RZ, a BEV model to be launched by Toyota Motor in the second half of 2022.
The company has taken some strategic actions to uplift the growth of the market. For instance, in February 2020, AGC Glass Europe and Citrine Informatics began collaborating to use artificial intelligence (AI) to accelerate the development of the generation glass including automotive applications.
Automotive Vision Systems Market Analysis by Companies, 2021 (%)
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Automotive Vision Systems Market Segmentation by Sectors
In 2023, the wiper blades sector garnered a significant automotive vision systems market share.
The key sectors in the automotive vision systems market are wiper blades, acoustic windshields, Head-Up Displays (HUDs), infrared reflective glazing, and laminated sidelites among others. In 2023, the wiper blades sector garnered a significant automotive vision systems market share.
Automotive Vision Systems Market Analysis by Sectors, 2023 (%)
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Automotive Vision Systems Market – Latest Developments
A few of the latest developments in the automotive vision systems market are:
- In 2023, to supply automakers, LG Display intends to create hybrid OLED panels. According to insiders, A European automaker will probably be this panel’s first client.
- On 7th Jan 2023, to meet the special low-light in-cabin needs for safety and comfort in the car sector, Immervision, the world’s leading developer of sophisticated vision systems combining optics, image processing, and sensor fusion technology, unveiled at CES its off-the-shelf 190° lens.
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Key Segments Covered in this Report.
Automotive Vision Systems Sector Outlook (Volume, Million Units, 2018-2028)
- Wiper Blades
- Acoustic Windshields
- Head-Up Displays (HUDs)
- Infrared Reflective Glazing
- Laminated Sidelites
Automotive Vision Systems Regional Outlook (Volume, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
The report includes an analysis of the following –
- Trends & Drivers: Provides an overview of the current sector scenario regarding the future outlook in terms of key trends and drivers of the sector.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of various factors such as political, economic, social, technological, environmental, and regulatory impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018–2028, and spot estimates for 2023 and 2028. The analysis also covers regional overview across four regions-Asia-Pacific, Europe, North America, and South America, and MEA-highlighting sector size, and growth drivers for the region.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector in the region.
- The report provides a detailed analysis of the regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The analysts have also placed a significant emphasis on the key trends that drive customer choice and the future opportunities that can be explored in the region, which can help companies in revenue expansion.
- To gain competitive intelligence about leading component suppliers in the sector in the region with information about their market share and growth rates.
Saint-Gobain Sekurit
Central Glass
Pilkington Automotive
Table of Contents
Table
Figures
Frequently asked questions
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What was the automotive vision systems market size in 2023?
The automotive vision systems market size was estimated at 680.6 million units in 2023.
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What will the CAGR in the automotive vision systems market be during 2023-2028?
The automotive vision systems market is expected to grow at a CAGR of more than 2% during 2023-2028.
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Which was the leading sector of the automotive vision systems market in 2023?
Wiper blades were the leading sector of the automotive vision systems market in 2023.
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Which was the region garnering the highest automotive vision systems market share in 2023?
Asia-Pacific was the region garnering the highest automotive vision systems market share.
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Who are the leading automotive vision systems market players?
Asahi Glass, Saint-Gobain Sekurit, Central Glass, Pilkington Automotive, and others are some of the leading automotive vision systems market players.
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