Performance of the application segments in the global automotive image sensors market

The global automotive image sensors market is expected to grow at a CAGR of 29.05% during the forecast period. Based on application, the global automotive image sensors market is segmented as passenger cars and commercial vehicles.

The growing focus of automotive OEMs toward reducing driver distraction by offering ADAS technologies is leading to increased adoption of image sensors in passenger cars. Some of the popular ADAS technologies integrated into these vehicles are automatic parking, LDWS, anti-collision systems, traffic recognition system (TRS), surround-view systems, and blind-spot detection system. Equipping vehicles with certain camera-based ADAS has been mandated by government authorities in various regions.

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Automakers have been compelled to upgrade vehicle safety systems to ensure the safety of passengers as well as pedestrians. The advent of night vision system as a part of modern ADAS in high end passenger cars has broadened the application of automotive image sensors. As a result, automotive image sensor demand is bound to rise, thereby boosting the growth of the global automotive image sensors market during the forecast period.