South Korea Automotive Split-view Camera Module Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 11.2% from 2024 to 2030.
The South Korean automotive industry is experiencing a significant transformation with the integration of advanced safety technologies, notably the adoption of split-view camera modules. These systems enhance driver awareness by providing comprehensive visual coverage, thereby improving vehicle safety and maneuverability.
In urban environments, where parking spaces are often limited and navigating tight spots is routine, split-view camera modules have become indispensable. They offer drivers a 360-degree view, significantly reducing blind spots and aiding in precise parking. This feature is particularly beneficial in densely populated cities, addressing common challenges faced by drivers.
Commercial vehicles, including light commercial vehicles (LCVs) and heavy commercial vehicles, are increasingly incorporating these camera systems. The rise of e-commerce and the consequent demand for efficient last-mile delivery services have underscored the need for enhanced safety and operational efficiency in commercial fleets. Camera modules facilitate better navigation and accident prevention, crucial for timely deliveries and fleet management.
Electric vehicles (EVs) are at the forefront of adopting innovative technologies, including advanced camera systems. As South Korea aims for 30% of vehicle production to be electric by 2030, the integration of split-view cameras in EVs is becoming standard. These systems support features like lane assist and collision avoidance, aligning with the technological advancements inherent in electric vehicles.
Luxury and premium vehicle segments are leading the way in adopting multi-camera systems, including split-view modules. These features cater to consumer demand for enhanced safety and convenience, offering functionalities such as 360-degree views and parking assistance. The emphasis on advanced safety features in high-end vehicles reflects broader market trends prioritizing driver assistance technologies.
South Korean manufacturers, notably Hyundai Mobis, Samsung Electro-Mechanics, and LG Innotek, are investing significantly in the development of sophisticated camera technologies. These investments focus on artificial intelligence-enhanced systems and autonomous driving capabilities, positioning South Korea as a leader in automotive innovation. The government's "Automotive Vision 2030" plan further supports this trajectory, aiming to bolster the country's standing in the global automotive market.
Regulatory frameworks and safety standards are also driving the adoption of split-view camera modules. Stricter safety regulations and consumer expectations for advanced driver assistance systems (ADAS) have made these camera systems more prevalent. Features such as lane departure warning, adaptive cruise control, and automatic emergency braking rely heavily on camera technologies, underscoring their importance in modern vehicles.
The South Korean automotive split-view camera module market is poised for substantial growth, driven by technological advancements, regulatory support, and evolving consumer preferences. As vehicles become increasingly connected and autonomous, the demand for comprehensive visual systems like split-view cameras will continue to rise, reinforcing South Korea's position at the forefront of automotive safety innovation.
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Ford Motor Company
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Automotive Split-view Camera Module Market
Camera Sensors
Image Processors
Display Units
Wiring and Connectors
Analog Split-view Cameras
Digital Split-view Cameras
Infrared Cameras
Thermal Imaging Cameras
Passenger Cars
Commercial Vehicles
Electric Vehicles
SUVs and Crossovers
Parking Assistance
Lane Change Assistance
Pedestrian Detection
Surround View Systems
OEM (Original Equipment Manufacturer)
Aftermarket
Retail Stores
Online Platforms
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Automotive Split-view Camera Module Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Automotive Split-view Camera Module Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Automotive Split-view Camera Module Market, By Type
6. South Korea Automotive Split-view Camera Module Market, By Application
7. South Korea Automotive Split-view Camera Module Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Automotive Split-view Camera Module Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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