Automotive Machine Vision Market: A Research Study on Market Dynamics and Competitive Landscape in 2028

According to a report by TechSci Research, titled “Automotive Machine Vision Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027,” the global automotive machine vision market is expected to register impressive growth with a CAGR during the forecast period from 2023 to 2027. This growth can be attributed to the increasing demand for technological automation in automobiles. The growing deployment of autonomous vehicles and advancing features of SAE Level 3 and 4 technologies are also driving market growth. Higher concerns for driver safety and the shift of safety-critical functions to the vehicle are also supporting market expansion. Technological advancements such as Light Detection and Ranging (LiDAR) sensors and advanced driver assistance software (ADAS) are also driving market growth.

3D machine vision is a rising trend that delivers precise and real-time information to improve performance in applications. It detects objects regardless of their position, allowing robots to perceive their environment and react appropriately. Environmental awareness in this technology adds value to self-driving vehicles, facilitating market growth through 2027.

Machine vision enables dimensional gauging of precision-machined components such as fasteners, transmissions, and sub-assemblies like IVS-ASAi. Dimensional gauging measures lines, angles, diameters, and tolerances. Automotive machine vision systems are programmable for further evolution, which will drive market growth during the forecast period.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on " Global Automotive Machine Vision Market" - https://www.techsciresearch.com/report/automotive-machine-vision-market/10601.html

The global automotive machine vision market can be segmented based on component, vehicle type, vehicle autonomy, regional distribution, and competitive landscape. In terms of component, the market can be differentiated between hardware and software. Hardware systems are expected to hold the largest revenue share and dominate the market segment in the upcoming five years due to the development and adoption of AI-based cameras. These systems offer safety features such as adaptive cruise control, adaptive headlamp control, traffic sign recognition, forward collision warning, pedestrian detection, and automated braking. They also provide cost efficiency, integration of technologies for reliable safety, and a highly compact form factor. The software segment is expected to hold significant revenue share due to growing technological advancements.

In terms of vehicle type, the market can be fragmented between passenger cars and commercial vehicles. Passenger cars are expected to hold the largest revenue share and dominate the market segment in the upcoming five years due to higher sales. The growing demand for electric vehicles and technologically enhanced self-driving vehicles is also driving market growth. Additionally, demand for driver safety in self-driving vehicles is also contributing to market expansion.

In terms of vehicle autonomy, the market can be bifurcated into levels 1, 2, 3, and 4/5. The market analysis also studies regional segmentation, divided among the Asia-Pacific region, North American region, European & CIS region, South American region, and Middle East & African region.

 

Some of the market players, dominating the global automotive machine vision market are : 

• CXV Global Ltd.
• Stemmer Imaging AG
• Keyence Corporation
• Mech-Mind Robotics Technologies Ltd.
• AlwaysAI, Inc.

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“Asia Pacific region is anticipated to hold the largest revenue shares of the market and dominate the regional segment of the market in the upcoming five years. Growing demand for the safe, efficient, and convenient driving experience facilitates the market growth in the region. Also, availability of the multiple market players highly invested in the development of the technological advancement and actively investing in the segment also add to the growth of the global automotive machine vision market in the future five years. Rising population in the countries like China, India, South Korea, incorporated with the demands for the ownership of the personal vehicles also substantiate the growth of the global automotive machine vision market in the future five years. New market players may focus on research and product development. Technological advancement in the automotive machine visions to enhance their performance would allow them to establish their brands in the market and support the market growth in future too,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Machine Vision Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Engine Type (Turbofan, Piston, Turboprop, Turboshaft), By Aircraft Type (Narrow Body, Rotocrafts, Business Aircrafts, Fighter Aircrafts, Wide Body Aircrafts, Regional Aircrafts), By Platform (Fixed Wing and Rotary Wing), By Application (Commercial, Military), By Region”, has evaluated the future growth potential of global automotive machine vision and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global automotive machine vision market.

Table Of Content –

1. Product Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Global Automotive Machine Vision Market
5. Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Satisfaction Level

5.3.  Challenges/Unmet Needs

6. Global Automotive Machine Vision Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Component (Hardware, Software)

6.2.2.     By Vehicle Type (Passenger Car, Commercial Vehicle)

6.2.3.     By Vehicle Autonomy (Level 1, Level 2, Level 3, Level4/5)

6.2.4.     By Region (North America; Europe; Asia Pacific; South America and Middle East & Africa)

6.2.5.     By Company (2021)

6.3.  Product Market Map (By Component, By Region)

…………………

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

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