ADAS to Double Automotive Image Sensor Shipments by 2023

Counterpoint Research forecasts the demand for image sensors for passenger cars globally to double by 2023. The shipments of these image sensors will grow at a 19% CAGR, crossing 230M units by 2023:

"With rear cameras for basic parking assistance in cars becoming almost a standard feature on newer models, we are now seeing the advent of a higher proportion of cars fitted with front-facing and side cameras to enable enhanced ADAS features. For example, surround view cameras, which are currently an option on higher-end models, will see significant adoption over the next five to six years. The key factors driving this trend are, firstly, government encouraging OEMs to integrate advanced safety features, and, secondly, growing awareness and preference for advanced safety features among customers.

With higher adoption of front ADAS camera solutions, by 2023, all new cars sold in the US are likely to have more than three cameras per car."