In the field of car lens, the Chinese army has completely stood on top of the world.
Taking the shipment volume as the most hardcore standard, according to the statistics of Chaodian Think Tank, from January to September this year, the top three in-vehicle lenses are Sunny, Lianchuang Electronics and Ophthalmic.
As the industry's leader for many years, Sunny's market position for the time being no one can shake, but the same period last year, the runner-up and runner-up in terms of shipments, but Japan's Hitachi, as well as South Korea's Seko company.
The excitement is still there.
With years of long-term focus on rearview & surround view, car recorder, DMS & OMS, ADAS imaging and other advantageous areas, Teles Optics is now successfully leading the second array of automotive lenses, this year in the industry is to create a record of more than 50 million yuan of the Optical Expo on-site signing orders.
According to the statistics of Chaodian Think Tank, at present, China has occupied six seats among the top ten manufacturers in the global comprehensive competitiveness of vehicle-mounted lenses, and has formed a pincer attack situation on Japanese and Korean manufacturers. Relying on the tide of domestic substitution, the list will be rewritten to "all Chinese class" is not impossible.
From the development trend point of view, due to the level of automatic driving upgrade, L2 to L4 level of progression process speed up, the next three years the demand for car lens scale will be more than 35% of the amplitude of the annual increase. Car companies represented by BYD, Tesla, GAC EAN, Azure, Xiaopeng, Ideal, etc. will also vigorously drive the market for high-end products with more than 500 pixels.
Chaodian Think Tank believes that although the current car lens manufacturers basically have a comprehensive layout of front view, rear view, surround view, side view, cabin, etc., the future competitive landscape will be further centralized, and there is the possibility of the emergence of product segment leaders.
Shunyu Optical Technology
During the tough winter in the smartphone market, the in car business became the second most reliable source of revenue for Shunyu, contributing 2.471 billion yuan in revenue in the first half of this year, a year-on-year increase of 43.27%.
According to statistics and estimates from the Chaodian Think Tank, the shipment volume of Shunyu car mounted lenses in the first 10 months of this year reached 79.316 million, exceeding last year's total of 78.909 million, and the annual market share is expected to approach an exaggerated 40%.
As early as 2004, before many optical manufacturers were established, Shunyu entered the automotive sector. With its first mover advantage and nearly 20 years of industry accumulation, Shunyu has firmly maintained its position as a "first mover" in the "one super, multiple strong" automotive lens market pattern.
It is worth noting that "supporting role of a Big Factory" has always been the strategic line that Shunyu adheres to. The company plays the role of Tier 2 in the automotive business, and its main customers for lens products are downstream automotive Tier 1 and end vehicle companies.
Lianchuang Electronics
Although the business performance has been under continuous pressure, it has not affected the pivotal position of Lianchuang Electronics in the car lens market.
The company fully entered the field of car lenses in 2016 and launched an 8-megapixel high-end product globally by the end of 2017. Starting from 2021, while the industry is still struggling with 1M-3M products, Lianchuang Electronics has started developing car lenses with 15 million pixels or more, continuing to consolidate and enhance its technological advantages.
On September 19th, Lianchuang Electronics announced on the investor interaction platform that the Mexican factory is under construction and plans to start production by the end of this year.
This move is seen by the industry as a powerful measure for Lianchuang Electronics to undertake its North American business nearby, making its US subsidiary the operational center of the North American region. The company is expected to further consolidate and enhance its position in the automotive optics industry in North America, and provide practical assistance in improving revenue structure and quality.
Oufei Guang
When OFI Guang and its terminal partner Huawei shine again in the spotlight of mobile phones, the highlights of its in car business are also very prominent.
On September 25th, Oufei Guang announced that the company plans to increase its controlling subsidiary Anhui Oufei Intelligent Connected Vehicle Technology Co., Ltd. by 1 billion yuan in capital.
Oufeiguang stated that since 2015, it has entered the field of intelligent vehicles and has now become a Tier 1 supplier to more than 20 domestic car manufacturers. At present, the company is expanding to products such as millimeter wave radar, LiDAR, vehicle domain controllers, and electronic exterior rearview mirrors based on car mounted lenses and cameras.
According to disclosed information, the Ideal L8/L7, as well as the L9 and other five models, are all equipped with Ophelion in car lenses.
It must be pointed out that compared to comparable competitors in the same industry, the gross profit margin of Oufei Guang's automotive business is still at a low level. How to improve revenue quality while increasing market share is a key issue for companies.
Rolls Royce Optics
Based on multiple key indicators such as shipment volume, innovation capability, and growth rate as evaluation criteria, Rolls Royce's ranking has increased by two places compared to the same period last year.
As one of the mainstream car lens manufacturers, currently, multiple Envision 3M and CMS 3M products from Rolls Royce have entered the core supply chains of multiple leading car Tier1 and terminals, and OMS 5M and ADAS 8M have also been launched one after another.
During the period of 2012-2016, Rolls Royce remained the leader in the automotive aftermarket and commercial vehicle market. In the past two years, the concept of intelligent driving has been highly popular, and for the constantly upgrading and fighting against monsters, Rolls Royce has a deep technological accumulation and advantages in customer resource pool, laying a solid foundation for smoothly transitioning to the front-end market.
Chao Dian Think Tank has learned that the cooperation projects between Rolls Royce and several leading Tier 1 and end car companies are steadily advancing, including large orders from overseas markets.
Yu Tong Optics
Standing at the forefront of intelligent driving, Yutong Optics is increasing its efforts to develop its in car business and strategically making it its second main business.
In this year's semi annual report, Yutong Optics disclosed for the first time the relevant business operations of its automotive business, with impressive results. Among them, the revenue from car mounted lenses was about 88.537 million yuan, a year-on-year increase of 8455.44%; The revenue from automotive optical accessories is approximately 37.56 million yuan. The total revenue of the two is about 126 million yuan, accounting for 13.5% of the total revenue.
Recently, Yutong Optics stated in a survey conducted by multiple specific targets that its car lens business will be implemented by the joint venture company Yutong Jiuzhou, and it is expected to achieve rapid growth throughout the year. Including front view, rear view, and cabin applications, the main products currently include surround view and cabin lenses, and ADAS lenses have been mass-produced and supplied.
Xieyi Electronics
As a subsidiary of Phoenix Optics, we mainly engage in the production, research and development, and sales of automotive and machine vision lenses.
According to the official website of Phoenix Optics, by application, the current company's car lens products include side view/interior view, front view, surround view, reverse view, etc. According to market reports, Xieyi Electronics has produced over 18 million car lenses in 2022.
According to financial report data, the net profit of Xieyi Electronics in the first half of this year was 1.0274 million yuan, a decrease of 1.4542 million yuan compared to the same period last year. The company explained that the main reason was the increase in research and development expenses during the reporting period, as well as the impact of the sluggish automotive industry and intensified market competition.
Conclusion: A visual carnival of autonomous driving has begun, and the coexistence and competition pattern of three legged car lenses in China, Japan, and South Korea will continue. For all suppliers, while striving to grasp the trend of the times, they must also have a reverence for the industry, provide products with higher safety levels and strict craftsmanship, and effectively empower intelligent driving.
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