Global Automotive Camera and Integrated Radar & Camera Market By Type (Automotive camera, Integrated radar & camera, Front view, Rearview, Surround-view, Passenger cars, Commercial vehicles, Heavy-commercial vehicles), By Application (ADAS, Park assist and viewing), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021–2031

Introduction –

A range of advanced driver assistance technologies designed to make driving safer have begun to be implemented in contemporary car designs. Advanced technologies such as millimeter-wave radars, cameras, and laser radars are used in lane-keeping aid, adaptive cruise control, autonomous emergency braking, etc. These radars and cameras collect data that is used for various purposes such as to detect road surface markings, potential impediments, as well as other vehicles on the road ahead.

If the distance between an automobile and the vehicle ahead reduces, alternate systems can then take over, and perform actions such as reducing or lowering acceleration—or even braking—instead of the same being undertaken by a driver.

In this manner, Advanced Driver Assistance Systems (ADAS) replace various functions that are normally carried by a driver,  thereby assisting them in low-visibility situations such as heavy rain, as well as nighttime darkness, where accurate obstacle recognition is critical.

A camera is utilized to discover and locate the previous vehicle, while the millimeter wave radar determines the distance when tracking another vehicle in front. This data is then utilized to determine whether it is essential to break or slow down.

The millimeter wave radar works by sending out a 77 GHz Frequency-Modulated Continuous Wave (FMCW) signal that changes over time. The distance between a preceding car can be determined by transmitting and receiving this signal. Millimeter-wave radars, unlike laser-based radars, are virtually unaffected by rain, snow, or fog.

The use of a horn antenna to boost sensitivity overcomes one major flaw of a millimeter wave radar, i.e., the susceptibility of foreign objects blocking the hole through which regulated signals pass.

Detailed Segmentation –

Type:

• Automotive camera
• Integrated radar & camera
• Front view
• Rearview
• Surround-view
• Passenger cars
• Commercial vehicles
• Heavy-commercial vehicles

Application:

• ADAS
• Park assist and viewing

Based on Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics–

Driver:

Owing to the increasing incidence of road accidents around the world, the demand for safety features such as parking assistance, collision avoidance, Lane Departure Warning (LDW), traction control, electronic stability control, tire pressure monitoring, airbags, and telematics is increasing.

ADAS use integrated radar and video sensors to identify and classify objects. In the event of a collision, these systems can also automatically decelerate or stop a vehicle. In recent years, there has been a considerable increase in the number of individuals being killed in vehicle accidents. According to the World Health Organization’s 2020 forecast, about 1.35 million individuals around the world die each year as a result of traffic accidents.

Furthermore, traffic accidents claim the lives of more teenagers than any other age group demographic. As a result of these disturbing statistics, the need for car safety measures is subsequently increasing. Automobile manufacturers are developing and deploying new safety features to fulfill client demands. As a result of this demand, the revenue growth of the automotive camera and integrated radar & camera market is expected to be directly proportionate.

Restraint:

The high cost of installing these safety systems in automobiles is likely to stifle projected market growth opportunities for the automotive camera and integrated radar & camera industry, as it increases the cost of a given vehicle. To include luxury amenities in vehicles does come at a cost to consumers, in the form of hardware, applications, and telecom service fees, which is a factor that may hinder further economic growth of this sector.

Furthermore, due to the presence of various electrical components and sensors, servicing such vehicles is a difficult procedure needing expert professionals. In addition, the expensive cost of the systems has slowed market expansion marginally.

ADAS, such as adaptive cruise control (ACC), forward collision warning system (FCWS), and automatic emergency braking (AEB), necessitate the installation of 3 to 6 cameras and numerous sensors on the vehicle. As a result, the market’s expansion is projected to be hampered by high beginning costs and a complex structure.

Opportunity:

Vehicles equipped with electric, hybrid, and solar energy systems are beginning to supplant internal combustion engines or fuel-fed engines as a result of various technological improvements. The advancements in autonomous technologies, as well as ADAS systems, have begun to boost user engagement levels while reducing the necessity for direct control of a vehicle. This has primarily been made possible by the development of onboard navigation systems.

Manufacturers are shifting their focus away from hardware, and more towards the development of complicated software, such as ADAS, in the development of mobility technologies. Vehicle makers are seeking to bring more innovations while improving the safety of vehicles and its occupants as the capability of this software diversifies.

As a result, a growing number of technological advancements and improvements in ADAS is opening up a plethora of market growth prospects for the automotive camera and integrated radar & camera industry.

Trends:

Wireless networks are playing an increasingly important role in both external and in-vehicle communication, thanks to the rapid expansion of digital data sources. Wireless solutions allow additional flexibility for basic automotive communication protocols such as CAN, FlexRay, and XCP, among others, in addition to important systems including tire-pressure monitoring and anti-lock brake systems.

Aside from reducing wires and connections, the introduction of highly integrated wireless devices provides a flexible platform for services that may keep drivers updated on a vehicle’s current status, traffic conditions, and other potential routes. Automated predictive maintenance systems and the Internet of Things (IoT) are two major emerging technologies that enable the connection of smart devices in automobiles with cloud-based applications.

The fast adoption of smart sensors and control systems in automobiles necessitates a stronger system foundation not only in ADAS architectures but also across automotive system design processes. The need for a stable design platform becomes much more crucial with hundreds of processors strewn about a vehicle.

The inclusion of safety capabilities in Real-Time Operating Systems (RTOS) and other related software tools, provides assurance to automotive software architects and designers. Engineers can now choose from an increasing number of RTOS, middleware, and development tools that support ISO-26262 international road vehicle functional safety standards.

Furthermore, industry standards such as Automotive Open System Architecture (AUTOSAR) offer designers a standardized interface for connecting various third-party software modules and applications within a vehicle.

Competitive Landscape –

• Robert Bosch GmbH
• Continental AG
• Valeo SA
• Aptiv PLC
• Magna Corporation
• Intel Corporation
• Infineon Technologies AG
• ZF Friedrichshafen
• Veoneer Inc.
• Ficosa International SA
• Faurecia-Clarion Electronics
• Ambarella, Inc.
• Gentex
• Hitachi
• Flir Systems
• Hyundai Mobis

Recent Development:

• Bosch introduced a new interior monitoring system in December 2019, that improves the safety, comfort, and convenience of all vehicle occupants. The system can detect driver distraction, indicators of tiredness, or even whether a child has been left behind in the vehicle, and will convey the same information to the driver. Safety measures, such as the seat belt alert function have also been improved.
• In October 2019, Continental AG developed a left-turn assist for agricultural machines. The device uses an auditory or optical signal to alert the machine’s driver about any obstructions on the left side of the vehicle. At a distance of up to 250 meters, the system can detect approaching vehicles. Radar technology allows this to happen. It is expected to be integrated with camera technologies soon.
• Aptiv PLC and Hyundai Motor Co., a South Korean automotive corporation, formed a joint venture in September 2019 to develop autonomous vehicles for the commercialization of level-4 and level-5 self-driving technologies. This joint venture deal could potentially allow the corporation to enhance its capabilities in South Korea’s autonomous car sector.

For the Automotive Camera and Integrated Radar & Camera Market research study, the following years have been considered to estimate the market size: