The global Automotive Lens market was valued at US$ 1069.2 million in 2019 and it is expected to reach US$ 2788.9 million by the end of 2026, growing at a CAGR of 15.0% during 2021-2026.
With the improvement of automotive intelligence, the demand for automotive lenses will increase rapidly: vision applications are considered to achieve the next important comfort and safety function in the process of autonomous driving. In addition, it has become the standard for autonomous driving and ADAS applications, enabling sensor fusion technology. This technology combines and processes information collected from on-board cameras and radar to identify the environment around the car. All cars are expected to be equipped with a 360-degree surround view system. In addition, rear-view mirrors will be replaced by on-board cameras, and autonomous driving will require driver monitoring to improve safety. Electronic rear-view mirrors based on vehicle cameras will implement object detection, viewing angle modification, and zoom functions.
The industry’s leading producers are Sunny Optical Technology, Sekonix and Nidec Sankyo, with revenue ratios of 29.87%, 8.54% and 7.26%, respectively, in 2019.
Global Automotive Lens Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Lens Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Sunny Optical Technology, Sekonix, Nidec Sankyo, Shinwa, Maxell, Asia Optical, Largan, Gseo, Ricoh, Sunex, Calin Technology, Ofilm, Union Optech, Naotech, AG Optics, Lante Optics and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-automotive-lens-market-research-report
Segment by Type
- Front View Lens
- Rear or Surround View Lens
- Interior Vision Lens
Segment by Application
- Passenger Car
- Commercial Vehicle
Table of Content:
1 Automotive Lens Market Overview
2 Automotive Lens Market Competition by Manufacturers
3 Automotive Lens Retrospective Market Scenario by Region
4 Global Automotive Lens Historic Market Analysis by Type
5 Global Automotive Lens Historic Market Analysis by Application
6 Key Companies Profiled
7 Automotive Lens Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Automotive Lens Market Dynamics
10 Global Automotive Lens Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.