The automotive CMOS image sensor market is anticipated to grow at a CAGR of 12.5% during the forecast period of 2023 to 2030. Because of the increasing need for advanced driver-assistance systems (ADAS), the global market for automotive CMOS image sensors is expanding at a significant rate. Because of the high-performance safety function, it deploys in automotive systems, the widespread adoption of futuristic driverless autonomous vehicles around the world is propelling the usage of car camera sensor systems in a significant way. The radar system, in conjunction with high-resolution CMOS image sensors, is currently being incorporated into Tesla's fully autonomous level 5 passenger cars. These high-performance sensors boost the fluidity in fully autonomous vehicles by leveraging its advanced detecting system coupled with AI machine learning, which further ensures the safety of the vehicle when it is being driven on public roads.

Browse for report at: https://www.acutemarketreports.com/report/automotive-cmos-image-sensor-market

The increased sale of ADAS technologies in cars is a major market growth driver. The governments of several nations are drafting legislation to encourage the use of ADAS systems in newly built cars. In the U.S., 33 states introduced autonomous vehicle regulations in 2017, while 15 states adopted them. As a result, governments in many countries are supporting the use of advanced camera sensors.

In 2021, rear view ADAS led the market and is expected to expand the fastest registering the highest CAGR during the forecast period of 2023 to 2030. CMOS advanced driver-assistance systems (ADAS), help drivers, with parking control and road safety by establishing a secure human-machine interface. These systems use CMOS image sensors. Semiconductor systems are used in ADAS. These systems may incorporate controllers, microcontrollers, or power devices. The COMS sensors identify objects, the condition of the road or parking lot, potholes, and other obstacles that may hamper an automobile. The CMOS sensor ADAS will detect the car from all sides. Front-View ADAS helps the driver with the front exterior of the car when driving and parking. The same is true for ADAS systems that provide a side view and those that provide a rear view, albeit the rear-viewing ADAS is expected to attain the biggest market share due to its extensive deployment in most incoming mid-range and luxury passenger vehicles.

Fully autonomous vehicles have not yet been commercially introduced on a wide scale, therefore semi-autonomous vehicles dominated the market in 2021. Semi-autonomous vehicles can have levels one to three, depending on the model. Since more CMOS image sensors have been used in semi-autonomous vehicles, it is expected that they will have the largest market share during the projected period. It includes dynamic driving and driverless operation on empty roadways.

In-cabin sensors are increasingly used in luxury cars. This makes the car safer and harder to steal. The cabin's CMOS sensors can monitor the driver's eye contact at all times. If the driver drifts off or shows signs of drowsiness, the car will activate an alert to prevent an accident. Built-in face recognition can identify the car's owner and pre-registered drivers.

In 2021, North America led the market for automotive CMOS image sensors. APAC is expected to grow at the fastest CAGR throughout the forecast period and is expected to surpass the European market as a result of its impressive advancements in the automotive industry and substantial market penetration for driverless autonomous vehicles in China, Japan, and India. In addition, APAC is expected to grow faster than the market in Europe. It is anticipated that the European Region will experience significant expansion in the overall market and will hold a sizeable portion of during the forecast period. It has been anticipated that Norway will play a significant role in the expansion of the market, while Germany is home to some of the most well-known companies in this region.

The market for CMOS image sensors is competitive due to the huge number of competitors selling their products domestically and internationally. The market is moderately concentrated, with important firms adopting product innovation, expansions, and alliances as key market strategies to stay ahead of the competition and expand their market reach. Continental AG, DENSO Corp., Gentex Corp., NXP Semiconductors NV, OmniVision Technologies Inc., ON Semiconductor Corp., Samsung Electronics Co. Ltd., Sony Corp., STMicroelectronics NV, and Texas Instruments Inc. are key market players.

Key Market Trends

• The automotive CMOS image sensor market is anticipated to grow at a CAGR of 12.5%during the forecast period of 2023 to 2030.
• In 2021, rear view ADAS led the market and is expected to expand the fastest registering the highest CAGR during the forecast period of 2023 to 2030.
• Fully autonomous vehicles have not yet been commercially introduced on a wide scale, therefore semi-autonomous vehicles dominated the market in 2021.
• In 2021, North America led the market for automotive CMOS image sensors. APAC is expected to grow at the fastest CAGR throughout the forecast period and is expected to surpass the European market during the forecast period.
• The market for CMOS image sensors is competitive due to the huge number of competitors selling their products domestically and internationally.
• The market is moderately concentrated.
• Continental AG, DENSO Corp., Gentex Corp., NXP Semiconductors NV, OmniVision Technologies Inc., ON Semiconductor Corp., Samsung Electronics Co. Ltd., Sony Corp., STMicroelectronics NV, Texas Instruments Inc. are key market players.

*Complete segmentation list is on report page