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Top 5 Vendors in the Global Automotive Optic Lenses in Safety Systems Market from 2016 to 2020: Technavio
[September 26, 2016]

Top 5 Vendors in the Global Automotive Optic Lenses in Safety Systems Market from 2016 to 2020: Technavio


Technavio has announced the top five leading vendors in their recent global automotive optic lenses in safety systems (AOLSS) market report. This research report also lists four other prominent vendors that are expected to impact the market during the forecast period.

Competitive vendor landscape

According to the report, the global AOLSS market is expected to be driven at an optimistic CAGR of around 46% and a pessimistic CAGR of 20%. "The primary growth markets are expected to be APAC and EMEA, with China and India powering through with a simultaneous rise in supply and demand side impetus for safety systems consumption," says Siddharth Jaiswal, a lead automotive electronics analyst from Technavio.

Sunny Optical Technology led the global automotive optic lens market with a market share of around 25% in 2015, followed by Nidec Sankyo with 15%. Hitachi (News - Alert) Maxell, Sekonix, and Fujifilm are some of the other major vendors in this market. Geographically, the manufacturing center of gravity lies firmly in the Eastern hemisphere, with China and Japan leading the pack.

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Technavio automotive research analysts provide the following insights about the key vendors:

Sunny

Sunny is a leading manufacturer of integrated optical devices and an optical imaging system solution provider. The company has a significant global market share in compact module cameras, lens sets for mobile devices, and vehicles. The company is listed on the Main Board of the Hong Kong Stock Exchange.

Sunny has a strong market position in lens sets for vehicles. The company held a share of close to 29% in th market in 2015. Its major clients in this space range from tier-1 suppliers to automakers, including Autoliv, Magna, Panasonic, Continental, Fujitsu, and Delphi (News - Alert). Currently, the company's primary end-customers include automakers in the US and Europe.



Nidec

Nidec Group specializes in motor business (small precision to supersized motors) and handles motor application products and other business that includes optical components. Some of the product categories offered by the company include small precision motors, home appliance motors, automotive motors, commercial and industrial motors, motors for machinery, and electronic and optical components.


The group offers camera shutters and lens units for single-lens reflex (SLR) cameras and mobile devices, security and automotive devices, and industrial equipment. It also offers an ultra-wide-angle (190-degree) lens which is adopted to check the surroundings of a vehicle as a 3D image.

Hitachi Maxell

Hitachi Maxell manufactures and sells products pertaining to several vertical industries that include energy, industrial materials, and electronic appliance/consumer products.

Hitachi Maxell in the automotive optical lens safety system market offers optical components and automotive lens units. The company's product portfolio of optical lens units caters to several automotive safety systems, such as advanced driver assistance systems (ADAS). The company's lenses are used in ADAS for front sensing, automotive mirror replacement, and for around view monitoring applications. The infrared lens unit finds its application in night vision systems. Thus, Hitachi Maxell covers a broad range of product portfolios for the optical lens safety market.

Sekonix

Sekonix is a manufacturer of optical fiber and optical components. The company offers a broad product portfolio of lenses, including LED lenses for mobile devices and automotive cameras.

In the automotive optical lens safety system market, Sekonix offers CCD board lens/CMOS, Mobile camera lens, and LED lens.

Fujifilm

Fujifilm is a photography and imaging company. The company develops and manufactures optical devices, business document solutions, medical imaging and diagnostic equipment, and optical films for flat panel displays (FPDs).

The advances in technology and its experience in the imaging industry have positioned the company favorably for designing and manufacturing lenses for camera-based ADAS. Some of the automotive applications using FUJIFILM lenses include lane departure warning system (LDWS), traffic sign recognition system, high-beam control, surround view, parking assist, and object recognition. The company's lenses are deployed in all car categories, from compact cars to high-end cars.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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