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Vehicle optical lens is a lens specially designed for automotive applications.
With the improvement of automotive intelligence, the demand for automotive lenses will grow rapidly: Vision applications are believed to achieve the next important comfort and safety function in the process of autonomous driving. In addition, it has become a standard for autonomous driving and ADAS applications, supporting sensor fusion technology. This technology combines and processes information collected from on-board cameras and radars to identify the environment around the car. It is expected that all cars will be equipped with a 360-degree surround view system. In addition, rearview mirrors will be replaced by on-board cameras, and autonomous driving will require drivers to monitor to improve safety. Electronic rearview mirrors based on vehicle cameras will realize object detection, viewing angle modification and zoom functions.
The major players in global Vehicle Optical Lens market include Sunny Optical, Hitachi Maxell, Sekonix, Nidec Sankyo, Ricoh, etc. The top 5 players occupy about 60% shares of the global market. China and North America are main markets, they occupy over 50% of the global market. Rear or Surround View Lens is the main type, with a share over 40%. Passenger Car is the main application, which holds a share about 75%.
Market Analysis and Insights: Global Vehicle Optical Lens Market
The global Vehicle Optical Lens market was valued at US$ 912 million in 2020 and it is expected to reach US$ 2467.8 million by the end of 2027, growing at a CAGR of 10.7% during 2021-2027.
Global Vehicle Optical 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 Vehicle Optical 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. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Front View Lens
Rear or Surround View Lens
Interior Vision Lens
Others
Segment by Application
Passenger Car
Commercial Vehicle
By Company
Sunny Optical
Hitachi Maxell
Sekonix
Nidec Sankyo
Ricoh
Shinwa
Largan Precision
Lianchuang Electronic Technology Co., Ltd
Sunex
Ofilm
Genius Electronic Optical
Zhejiang Quartz Crystal Optoelectronic
Union Optech
Ningbo Yongxin Optics
Fujian Forecam Optics
Phenix Optical
Calin Technology
Asia Optical
Production by Region
North America
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
With the improvement of automotive intelligence, the demand for automotive lenses will grow rapidly: Vision applications are believed to achieve the next important comfort and safety function in the process of autonomous driving. In addition, it has become a standard for autonomous driving and ADAS applications, supporting sensor fusion technology. This technology combines and processes information collected from on-board cameras and radars to identify the environment around the car. It is expected that all cars will be equipped with a 360-degree surround view system. In addition, rearview mirrors will be replaced by on-board cameras, and autonomous driving will require drivers to monitor to improve safety. Electronic rearview mirrors based on vehicle cameras will realize object detection, viewing angle modification and zoom functions.
The major players in global Vehicle Optical Lens market include Sunny Optical, Hitachi Maxell, Sekonix, Nidec Sankyo, Ricoh, etc. The top 5 players occupy about 60% shares of the global market. China and North America are main markets, they occupy over 50% of the global market. Rear or Surround View Lens is the main type, with a share over 40%. Passenger Car is the main application, which holds a share about 75%.
Market Analysis and Insights: Global Vehicle Optical Lens Market
The global Vehicle Optical Lens market was valued at US$ 912 million in 2020 and it is expected to reach US$ 2467.8 million by the end of 2027, growing at a CAGR of 10.7% during 2021-2027.
Global Vehicle Optical 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 Vehicle Optical 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. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Front View Lens
Rear or Surround View Lens
Interior Vision Lens
Others
Segment by Application
Passenger Car
Commercial Vehicle
By Company
Sunny Optical
Hitachi Maxell
Sekonix
Nidec Sankyo
Ricoh
Shinwa
Largan Precision
Lianchuang Electronic Technology Co., Ltd
Sunex
Ofilm
Genius Electronic Optical
Zhejiang Quartz Crystal Optoelectronic
Union Optech
Ningbo Yongxin Optics
Fujian Forecam Optics
Phenix Optical
Calin Technology
Asia Optical
Production by Region
North America
China
Japan
South Korea
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
