Automotive 3D Imaging Market Size, Share, and COVID-19 Impact Analysis, By Application (Security & Surveillance, Automotive Safety, Parking Assistance, and Others), By Component (Cameras, Sensors, Processors, and Others), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, and Heavy Commercial Vehicles) and Regional Forecast, 2024-2032

Automotive 3D imaging uses advanced sensor technology to capture a 3D representation of a vehicle and its surroundings. This imaging is very popular for ADAS and autonomous vehicles as it provides exact and accurate data about their surroundings. There are various ways by which 3D imaging is done, like stereo cameras, ToF cameras, and structured light. They have different operations based on what the car requirements are.

 In Jan 2023, BOSCH announced a partnership with Nvidia to develop a new software platform for advanced 3D imaging and A.I. Technology. They integrated A.I. and 3D imaging generation on vehicles.

Once 3d images are captured in the system, then ADAS and self-driving vehicles can use this to track objects on the road, lane shifts, pedestrians, and other close-bound vehicles. The car can use this data to automatically adjust car parameters like braking, accelerating, and changing lanes. As the demand is high right now for these safety systems, the market will have a positive impact and increased sales of these 3d imaging systems.

Impact of COVID-19 on the Automotive 3D Imaging Market

COVID-19 impacted the global automotive industry, impacting the imaging systems market. The market was already in a joint venture with the automotive market, and a sharp decline in sales and global supply chain disruption led to the economic fall of these manufacturers. The pandemic, however, also accelerated the trend towards intelligent mobility with E.V. and hybrids, thus inducing high demand for advanced safety features like ADAS, self-driving, etc.

Now post covid focus on sustainability and reducing Accidents has led to a rise in demand for Hybrids and E.V. 3D imaging systems, thus creating an opportunity for manufacturers to invest in Research and development of advanced ADAS systems with 3D imaging. Also, increasing connected car facility and the rise of autonomous vehicle has led to the introduction of remote monitoring of Vehicles. This will help reduce maintenance costs and overall sales of the 3D imaging components.

Key Insights

The report will cover the following key insights:

• Key Industry Developments – Mergers, Acquisitions, and Partnerships.


• Porter's Five Forces Analysis.


• Technological Developments


• Impact of COVID-19 on the Global Automotive Relay Market.

Analysis by Vehicles 

The Passenger Vehicle for 3D imaging will achieve the highest growth rate out of the category due to the ramped-up production of small vehicles after covid-19 pandemic and increased demand for four-wheelers and Compact Cars. E.V. use a variety of 3D imaging mapping system for various type of displays such as multimedia, Driver assistance, ADAS, Parking Camera, etc. On the other hand, E.V. vehicles use this imaging on different displays, such as charging indicators, battery management, and ADAS system. Moreover, the demand for electric vehicles is surging. Governments in many countries are providing financial incentives and tax rebates to encourage the purchase of electric vehicles. For example, in the United States, the federal government offers a tax credit of up to $7,500 to purchase an electric vehicle. In China, the government offers subsidies for electric vehicles; in Norway, electric vehicles are exempt from sales tax. The increased demand for passenger vehicles and a boost in sales of electric vehicles have created a high potential for digital safety features in the market, which is expected to drive growth in the automotive 3D imaging systems market.

Analysis by Application

The Parking Assistance system will achieve the highest growth rate out of the owing to the high demand from consumers needs. Parking systems help the driver to park their vehicle with great precision with the help of guidance system technology. Moreover, advanced safety systems are increasingly emphasized, leading to increased demand for HUDs and ADAS warning systems and high production and sales of associated Imaging systems. Advanced driver assistance systems (ADAS) include a range of technologies designed to improve safety and convenience while driving. Many modern ADAS systems include parking assistance as a standard feature, which has helped drive demand for the technology.

Analysis by Region

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The highest growth rate is expected in the Asia Pacific market, especially India and other south East Asian countries, due to significant manufacturing units importing 3D imaging software and hardware. High automation and the presence of major manufacturers of electric vehicles will have a rising impact on sales of these units in the Asia Pacific region. The rapid adoption of electric vehicles is anticipated to boost regional growth.

Key Players Covered

Texas Instruments (U.S.), Zeiss Industrial Metrology (DEU), Perception Inc. (U.S.), GOM GmbH (DEU), Hexagon AB (DEU), Nikon Metrology (JPN), Creaform (CAN), Siemens Digital Industries (DEU), Autodesk Inc. (USA), BOSCH GmbH (DEU).

Segmentation

Key Industry Developments

• March 2023: Velodyne Lidar, a leading supplier of LiDAR sensors for autonomous vehicles, announced a new solid-state LiDAR that is cost-effective and high-performance.


• Feb 2023: Tesla filed a patent for a 3D imaging system that uses cameras and LiDAR sensors for high accuracy and imaging of the surrounding environment.