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Automotive Camera Tier2 Suppliers Research Report 2022-2023: Increasing Performance of Automotive CIS Bolsters Adoption

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Dublin, May 02, 2023 (GLOBE NEWSWIRE) — The “Automotive Camera Tier2 Suppliers Research Report, 2022-2023” report has been added to ResearchAndMarkets.com’s offering.

1. The automotive camera market maintains a pattern of ‘one superpower and several great powers’

Automotive cameras are used to focus the light reflected from the target onto the CIS after refraction. From the automotive camera industry chain, it can be seen that main upstream companies are: lens, optical filter, and protective film companies which are committed to processing raw materials and making them into basic hardware such as lenses, optical filters and protective films; main downstream players are: Tier1 suppliers and camera module packaging companies.

At present, the automotive camera module market features a pattern of ‘one superpower and several great powers’, that is, Chinese manufacturer Sunny Optical Technology rules the roost, and Japanese, Korean and other Chinese manufacturers compete in the second echelon.

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‘One superpower’ is Sunny Optical Technology, the automotive camera industry bellwether that has grabbed the biggest share of the global market for many years in a row. The company shipped 67.98 million automotive cameras in 2021, and 78.91 million units in 2022, with a stable market share higher than 30%.

‘Several great powers’ refer to the several leaders in the second echelon, mainly Japanese, Korean and other Chinese manufacturers, commanding 2% to 10% of the market. The traditional ‘great powers’ are led by Japanese, Korean and Taiwanese optics companies, including Maxell (Japan), Nidec Sankyo (Japan), Sekonix (South Korea) and Largan Precision (China Taiwan). Among them, Maxell took an 8% share in the global automotive camera market in 2021.

Meanwhile Chinese companies such as Lianchuang Electronic Technology and OFILM begin to edge into the ‘great powers’ club.

Lianchuang Electronic Technology shipped about 8 to 9 million automotive cameras in 2022, and its major customers were Tier1 suppliers such as Valeo, Continental, Aptiv, ZF and Magna. OFILM set foot in automotive cameras by acquiring Fujifilm in 2018. Up to now, OFILM has mass-produced 5M front view cameras, 3M/8M side view cameras, 1M/2.5M surround view cameras, 2M electronic exterior mirror cameras, and 1M/2M in-cabin DMS/OMS cameras. In 2022, OFILM shipped about 4 million automotive cameras.

In addition, the established optics companies like Phenix Optics and Dongguan Yutong Optical Technology (YTOT) have also made deployments in the automotive market. Among them, Phoenix Optics has launched more than ten types of automotive cameras; YTOT, a leader in the field of security cameras, bought a 20% stake in Jiuzhou Optical in 2022, one of its attempts to step into the automotive camera market. In the future, these old optics companies will take further efforts to seize a share of the automotive camera market.

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2. Automotive CIS offers increasing performance, up to 8M resolution and 140dB HDR

The working process of CIS (CMOS image sensor) generally covers several links: reset, photoelectric conversion, integration, and readout.

In terms of the camera industry chain, the upstream CIS manufacturers include: CIS intellectual property (IP) companies specializing in CIS design and selling IPs to CIS companies; wafer companies providing silicon chips; OSAT companies engaged in cutting and packaging processed wafers. As with the automotive camera industry, downstream manufacturers are Tier 1 suppliers and camera module packaging companies.

In the trend for vehicle intelligence, the increasing camera pixels also pose higher technical requirements for CIS. As automotive cameras tend to be miniaturized and lightweight, pixel size cut and architecture upgrade have become most commonplace.

Take OmniVision’s CIS process iteration as an example: in the iteration of processes like OmniPixel3-HS, OmniBSIT and PureCelPlus, the pixel size has been reduced from 4.2um to 2.1um. By specific products, OX08B40 unveiled by OmniVision in 2021 delivers 8MP resolution and adopts the PureCel Plus-S pixel architecture, a technology that uses a stacked architecture for high resolution with a smaller chip size.

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In addition to resolution, HDR is also one of the key technical parameters of CIS. In type’s term, front/side view cameras have begun to pack 140dB HDR CIS, while rear/surround view cameras are still at the 120dB stage.

As core sensors for advanced AD, front/side view cameras need to quickly recognize details in brightness and darkness in different lighting conditions and accurately capture images when driving at high speeds. 120dB HDR therefore is the basic requirement, and 140dB HDR is the current trend. Some manufacturers have also laid out 140+dB HDR. One example is ONSemiconductor which announced the launch of a 150dB HDR vehicle CIS in October 2022 and planned to start producing it in 2024. In the future, CIS for ADAS may reach 150+dB HDR.

Rear/surround view cameras generally still offer 120dB, and will evolve to 140dB in the future. For example, CIS OX01E20 for surround/rear view, announced by OmniVision in 2023, supports 140dB HDR, 1.3MP resolution, and LED flicker mitigation (LFM).

3. Automotive ISP solutions tend to be diversified, and AI ISP will become a development trend

Among automotive camera component modules, ISP (image signal processor) is a core component for adjusting images. To achieve ideal imaging effects, ISP Tuning is an essential step.

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In addition to conventional ISPs, there are also another two types of mainstream ISP solutions: CIS integrated ISP, and ISP integrated autonomous driving SoC. The solutions become diversified.

The diversity of ISP solutions and the necessity of ISP Tuning make ISP seen in multiple links of the camera industry chain.

The importance of ISP and its low requirement for fixed hardware architecture make itself a high ground leading manufacturers from various fields contend to gain. Players often deploy 1 or 2 solutions.

For example, Fullhan Microelectronics specializes in ISP products; SmartSens has launched several ISP-integrated CIS products; OmniVision makes layout of ‘ISP + ISP-integrated CIS’; NXP and Nextchip deploy ‘ISP + ISP-integrated autonomous driving SoC’. Moreover, autonomous driving SoC companies like Mobileye, Nvidia and Black Sesame Technologies have also rolled out ISP-integrated autonomous driving chips.

Besides diversity of solutions, AI ISP is also an important development direction of ISP.

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ISP covers dozens of image signal processing algorithms, but the coordination of so many algorithms requires a lot of debugging efforts. At present, the development of visual ADAS systems still relies on manual ISP Tuning. OEMs like Tesla and NIO are still recruiting a large number of image quality tuning engineers. Yet manual tuning takes a long time and requires very specialist ISP Tuning engineers.

In recent years, using AI for image enhancement has gradually become a new research hotspot in the industry, having made remarkable progress. Applying AI for real-time tuning, especially the efficient implementation of AI ISP functions in the computing environment on the terminal side, can achieve better results than conventional ISP Tuning.

For example, Ambarella announced an artificial intelligence image signal processor (AISP). Ambarella’s new AI based ISP architecture uses neural networks to augment the image processing done by the hardware ISP integrated into its SoCs. This approach enables color imaging with low light at very low lux levels and minimal noise, a 10 to 100X improvement over state-of-the-art traditional ISPs, and new levels of high dynamic range (HDR) processing with more natural color reproduction and higher dynamic range.

Ambarella’s CV3 AI domain controller family already packs AISP, with up to 500 eTOPS of AI compute. The ISP can simultaneously support more than 20 cameras connected through MIPI VC, and can meet the requirements for high-performance stereo and dense optical-flow engines.

Key Topics Covered:

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1 Automotive Camera and Automotive Camera Industry Chain
1.1 Overview of Automotive Camera
1.2 Automotive Camera Industry Chain

2 Development Trends of Automotive Camera Industry Chain

3 Summary of Automotive Camera Industry Chain Companies and Products
3.1 Summary of Companies
3.2 Summary of Products

4 Automotive Camera Companies

5 Automotive CIS and ISP Companies

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6 Tier3 Companies in Camera Industry Chain

Companies Mentioned

  • Maxell
  • Nidec Sankyo
  • Sekonix
  • Sunny Optical Technology
  • OFILM
  • Lianchuang Electronic Technology
  • Dongguan Yutong Jiuzhou Optical
  • Phenix Optics
  • Largan Precision
  • ON Semiconductor
  • Sony
  • NXP
  • Nextchip
  • OmniVision
  • SmartSens
  • Fullhan Microelectronics
  • TI
  • Ambarella
  • Mobileye
  • Black Sesame Technologies
  • Horizon Robotics
  • Arm
  • Gowin Semiconductor
  • VeriSilicon

For more information about this report visit https://www.researchandmarkets.com/r/4a4efh

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Artificial Intelligence

ZA Tech Rebrands as Peak3, Raises US$35M Series A led by EQT

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SINGAPORE, June 19, 2024 /PRNewswire/ — ZA Tech, the next-generation insurance core system SaaS provider, has rebranded as Peak3. With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.

In a market dominated by fragmented legacy technology, Peak3 has pioneered a cloud-native, modular insurance core and distribution system that combines comprehensive capabilities for life, health, and property and casualty (P&C) insurance. Since its founding in 2018, Peak3 has become a trusted technology partner to global insurers such as AIA, Generali, Prudential, and Zurich for their digital and traditional business. It has also partnered with leading digital platforms such as Carro, Grab, Klook, and PayPay to build and scale their embedded insurance businesses.
Besides the successful fundraising, Peak3 has recently achieved key milestones underpinning the rebranding. These transformative achievements include launching its first multi-country, multi-tenant core modernisation in Europe, rolling out an integrated customer data and big data platform for scaling analytics and AI capabilities, and establishing its first technology centre in Europe. The rebranding coincides with another major milestone: Issuing over a billion insurance policies on Peak3’s systems – including the first policies issued to North American customers and the first ones to be issued in Africa.
“We have evolved from an embedded insurance pioneer in Asia to a global end-to-end technology partner for the insurance industry,” said Bill Song, Peak3 Group CEO and Co-Founder. “Our new name represents three pinnacles: scaling the heights of innovation, surpassing performance limits, and delivering superior reliability – as we help insurers reach the highest summits of their cloud, data, and AI transformation.”
Bill Song also emphasised the growth opportunity: “There is an incredible tech investment backlog in the US$7-trillion global insurance industry. Continued digitalisation and the proliferation of AI will require structural investments by insurers over the next decade to modernise their core systems. We are uniquely positioned to capture this opportunity by providing the tech core foundations and innovation use cases.” 
To accelerate its growth journey, Peak3 completed its Series A fundraising and welcomed two new investors on its cap table: EQT, a major global technology investor with a deep heritage in Europe, and Alpha JWC Ventures, a leading venture firm in Southeast Asia. With the funding, Peak3 will advance its analytics and AI capabilities toward an intelligent core insurance solution, grow its EMEA operations and establish new system integrator partnerships. Peak3 targets double-digit ARR growth this year and is on the path to reach cashflow breakeven over the coming quarters.
“Peak3 has also proven its capability to deliver greenfield digital insurance initiatives and complex multi-country core modernisation projects in APAC and EMEA. As the lead investor, EQT is committed to empowering Peak3 in its go-to-market acceleration by leveraging our global network,” stated Clara Ho, Partner at EQT.
J.P. Morgan acted as exclusive financial advisor to Peak3 for this Series A fundraising.
For media inquiries and interview requests, please contact Carling Sia, Global Head of Branding and Marketing, at [email protected].
For more information on Peak3, please visit www.peak3.com. For more information on EQT, please visit www.eqtgroup.com.For more information on Alpha JWC Ventures, please visit www.alphajwc.com.
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Artificial Intelligence

Lucinity Recognized as One of the Top 100 AI Fintech Companies Globally

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REYKJAVIK, Iceland, June 18, 2024 /PRNewswire/ — Lucinity has been featured in the AIFinTech100 list for 2024, marking its recognition as one of the top AI companies in the financial services industry. The AIFinTech100 list, curated by industry experts, highlights the most innovative fintech companies globally. Lucinity was selected from over 2,000 fintech firms for its problem-solving, market potential, innovation, and customer engagement. Earlier this year, Lucinity was also highlighted as a RegTech100 company.

 
 
This recognition comes amid rapid AI adoption in fintech. According to Fintech Global, research predicts the AI market in fintech will grow from $42.83 billion to $44.08 billion by 2024, reaching $50.87 billion by 2029. Banks alone are expected to spend $4.9 billion on AI platforms by 2024, with a 21.8% annual growth rate since 2019.
Lucinity’s inclusion in the AIFinTech100 list reflects its success in developing AI solutions that enhance efficiencies and cost savings for financial crime operations teams. Notably, Luci, the world’s first Generative AI copilot for financial crime investigations, launched in 2023, leverages Microsoft OpenAI technologies to augment human analysts’ capabilities, reducing investigation times from 3 hours to just 30 minutes. 
Lucinity also recently launched Luci as a copilot plugin at Money20/20. Financial institutions are now able to integrate Luci with any web-based enterprise application including CRM systems, Case Manager systems, and Excel, delivering immediate ROI with zero upfront integration. 
Security remains a significant challenge in AI adoption. Lucinity addresses this by partnering with Microsoft Azure develop a secure infrastructure. With a strong emphasis on compliance, Luci offers comprehensive auditability through its detailed Audit Log functionality.
Guðmundur Kristjánsson (GK), CEO of Lucinity, comments, “Being named in the AIFinTech100 showcases our impact amongst banks and fintech through advanced AI. It underscores our platform’s ability to empower compliance teams, deliver ROI, and reduce operational costs.”
Richard Sachar, Director of FinTech Global, added, “AI is revolutionizing financial services, increasing efficiencies and offering personalized products. This year’s AIFinTech100 list includes top innovators transforming the industry with AI applications.”
Lucinity’s inclusion in the AIFinTech100 list for 2024 follows several achievements, including winning the Microsoft Partner of the Year Awards for Sustainability and Social Impact and Partner of the Year – Iceland. Lucinity was also included in Chartis Research’s FinCrime and Compliance 50 Ranking for 2024 and was recognized as the best tool for Workflow Automation.
Name: Celina PabloEmail: [email protected] +354 792 4321
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CRISIL wins Model Validation Tools and Accelerators category award, other recognitions from Chartis

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Recognized among top 50 financial services firms for analytics and risk tech
MUMBAI, India, June 18, 2024 /PRNewswire/ — CRISIL, a global provider of advanced analytics and risk management solutions, has won the Solution Category award for Model Validation Tools and Accelerators as part of the latest Chartis STORM 2024 report.

Published by Chartis Research, the leading provider of research and analysis on the global market for risk technology, STORM 2024 is an annual report on quantitative technologies and the computational infrastructure supporting it.
Following an extensive evaluation process, which included a risk technology survey, product demo, customer reference checks, and third-party sources of information, CRISIL won the following recognitions:
Solution category award for Model Validation Tools and AcceleratorsRanked Top 25 (#24) in QuantTech50 2024 rankingsRanked Top 25 (#24) in BuySideRisk50 2024 rankingsRanked Top 50 (#38) in RetailFinanceAnalytics50 2024 rankingsThe recognitions reflect the unparalleled value CRISIL brings to its clients through deep domain expertise, specialized analytical and technical knowledge and our global perspective.
Says Jan Larsen, President and Head, CRISIL Global Research & Risk Solutions, “CRISIL is honored by the recognition across multiple STORM50 award categories this year, including being named first place for Model Validation Tools and Accelerators. This is a great testament to the contributions of our team in giving clients and their regulators confidence in the models they use for making critical decisions.”
The core tenets of CRISIL’s value proposition include expertise across asset classes and risk stripes, analytical excellence and regulatory experience, tailored solutions focused on client delight, continuous improvement and technological innovation. 
Says Ashish Vora, President, CRISIL Market Intelligence and Analytics, “This prestigious recognition underscores the global acceptance of our risk management solutions and highlights our unwavering commitment to excellence in the risk technology space. Our Credit+ technology solutions have been instrumental in offering AI-enabled advanced analytics and driving efficiency, and we are particularly proud of the exceptional client feedback we have received for these solutions. We are constantly exploring new ways to enhance customer value and are investing in cutting-edge technology and domain expertise to maintain our position at the forefront of the industry.”
Notable examples of CRISIL’s platforms that help demonstrate this value proposition include: 
Model Infinity: A leading platform for model inventory management and model risk management. This innovative platform empowers our client to centralize all model activities, eliminates manual processes and operational risk, and provides a full audit trail of approvals for modeling assumptions and updates. Scenario Expansion Manager (SEM): A platform for clients to expand, analyze and track all regulatory and internal scenarios used for stress testing. As a centralized repository of scenarios, SEM allows institutions to eliminate redundant internal work and even provide clients the ability to share internal scenarios with one another. Credit+ ICON: The platform enables credit decision-making through its extensive financial spreading and front-end based credit risk scorecard hosting capabilities. Powered by deep domain expertise, AI-driven analytics and extensive configurability, it serves 40+ global clients across 15 countries.Credit+ Early Warning Signals: The AI-powered solution provides banks with actionable insights to monitor their credit quality, lower loan-loss contingencies and track corrective action plan.About CRISIL Market Intelligence & Analytics
About Global Research & Risk Solutions
About CRISIL Limited
Connect with us: LINKEDIN | TWITTER | YOUTUBE | FACEBOOK 
CRISIL PRIVACY
Disclaimer
This press release is transmitted to you for the sole purpose of dissemination through your newspaper/ magazine/ agency. The press release may be used by you in full or in part without changing the meaning or context thereof but with due credit to CRISIL. However, CRISIL alone has the sole right of distribution of its press releases for consideration or otherwise through any media including websites, portals, etc.
CRISIL has taken due care and caution in preparing this press release. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of information on which this press release is based and is not responsible for any errors or omissions or for the results obtained from the use of this press release. CRISIL, especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of this press release.
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