The increasing popularity of autonomous and luxury vehicles and the rising integration of advanced safety features in automobiles are some of the major factors fuelling the surge in the adoption of camera modules in automobiles across the world. Furthermore, the mushrooming incidence of road mishaps and accidents is boosting the growth of the insurance companies, who are in turn, promoting the incorporation of complementary metal-oxide semiconductor (CMOS) sensors such as camera module sensors having several features and affordable costs in vehicles all over the world.
The increasing number of regulations and policies being implemented by the governments of several countries for mandating the adoption of multi-purpose cameras in vehicles in order to reduce the prevalence of road accidents and the growing popularity of the New Car Assessment Program (NCAP) are the other major factors boosting the demand for automotive camera modules throughout the globe. As a result, the global automotive camera module market is expected to exhibit substantial growth during the forecast period (2020—2030).
The automotive camera modules are divided on the basis of technology into infrared, thermal, and digital camera modules. Out of these, the thermal camera modules are predicted to register the highest sales during the forecast period. This is