OEM Automotive Lens Market Shipment to Reach 136M by 2020

PUNE, India, October 7, 2016 /PRNewswire/ --

RnRMarketResearch.com adds "Global and China Automotive Lens Industry Report, 2016-2020" latest study of 79 pages, published in Sep 2016, to the Automotive Electronics intelligence collection of its store.

With the high-speed growth of the global ADAS market, the demand for automotive cameras jumped radically with the market size growing at a compound annual rate of 31.3% during 2011-2015. Automotive lens means optical lens mounted on vehicles in order to implement various functions, consisting mainly of endoscope lens, rear view lens, front view lens, side view lens, surround view lens, etc.. The market of automotive lens which is a major part of automotive cameras is growing rapidly.

In 2015, the global shipments of OEM automotive lens approximated 48.5 million pieces, embracing 11.1 million pieces of front view automotive lens and 37.4 million pieces of rear view and surround view lens. In the next few years, the global shipment of OEM automotive lens will benefit from ADAS-related policies, maintain quick growth and reach 136.2 million pieces by 2020. Complete report is available at http://www.rnrmarketresearch.com/global-and-china-automotive-lens-industry-report-2016-2020-market-report.html .

China's automotive lens OEM market size reached 10 million pieces in 2015, accounting for 20.6% of the global market. Wherein, there were 1.23 million pieces offront view automotive lens and 8.77 million pieces of rear view and surround view lens. "Made in China 2025", "Internet +" development strategy and other favorable policies proposed by China in 2015 will stimulate the demand for automotive lens. By 2020, China's automotive lens OEM market size will report 38.65 million pieces.

At present, the companies involved in the automotive lens industry are mostly traditional camera lens vendors, including Sekonix, Fujifilm, Sunny Optical, Largan Precision, GSEO, Union Optech, AbilityOpto-Electronics Technology and so on. Sunny Optical is the world's largest supplier of automotive lenses, serving Mobileye, Gentex, TRW, Valeo, Bosch, Continental, Delphi, Magna, among others. In 2015, Sunny Optical realized the shipment of 16.516 million pieces and enjoyed the market share of 34.1%.

Key Foreign Companies active in automotive lens market include SEKONIX, FUJIFILM, Sunex, Universe Kogaku and KAVAS. Key Companies in China are Sunny Optical Technology (Group) Co., Ltd., LarganPrecision Co., Ltd., Genius Electronic Optical (GSEO), Union Optech, Ability Opto-Electronics Technology Co., Ltd., RICOM, Dongguan YuTong Optical Technology Co., Ltd. (YTOT) and Kinko Optical Co., Ltd.

Purchase a copy of Global and China Automotive Lens Industry Report, 2016-2020 at http://www.rnrmarketresearch.com/contacts/purchase?rname=709396 .

In the next few years, the global and Chinese automotive camera market will continue to grow thanks to the followings: 

1. Binocular Cameras Are Expected to be the Mainstream and Drive the Demand for Automotive Lens: Compared with monocular cameras, binocular cameras are featured with high resolution, unlimited recognition rate, no need of sample database maintenance and so forth. Currently, binocular cameras have become the R & D focus of Japanese, German and other European and American vendors, and will replace monocular cameras to be the market mainstream in the future, which means that the demand for automotive lens will grow.

2. ADAS-related Policies Boost the Demand for Automotive Lens to Grow: In recent years, some countries and regions have issued a series of policies to prompt the popularity of ADAS. The United States requires all cars to install at least one rear view camera from 2018 onwards. The European New Car Assessment Program (NCAP) stipulates that only the AEB-installed cars whose active safety systems occupy 20% instead of 10% can be rated as 5 stars since 2014. Japan commands that all cars must install automatic emergency braking systems from 2016 onwards.

3. Favorable Autonomous Driving Policies Drive the Development of Automotive Lens: Currently, the US, EU, Japan, China and other countries and regions have enacted policies to promote the development of autonomous driving, which will benefit smart car-use cameras. Therefore, automotive lens will see rapid development as a key component of automotive cameras.

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