Algolux says global automotive camera shipments are expected to surpass 300 million units by 2025, reaching a massive $25 billion in revenue according to studies by Yole Developpement and Global Market Insights. Industry growth will continue to be fueled by increasing concerns regarding vehicle and passenger safety coupled with accelerating technological advancements in camera-based advanced driver assistance systems (ADAS). ADAS are groups of technologies that assist drivers in driving and parking functions using sensors and cameras, to detect nearby obstacles or driver errors and respond accordingly.

Unfortunately, says Algolux, vision – the most widely deployed component of the overall perception stack - is still hampered by performance issues in low light and poor weather conditions.

It adds that urban car crash fatalities and fatality rates in the US have actually been rising for over a decade.

Algolux addresses the ADAS safety issue

Algolux says its computer vision and image optimization solutions address the issue of safety for ADAS and autonomous vehicles.

It says it is the first company to use computational imaging to design algorithms that treat the camera as part of the overall perception stack; a “bold departure from the traditional siloed approach.” This leads to the resolution of harsh cases such as low-light, low contrast, and obstructions for object detection, imaging, and geometric estimation.

“We fully expect that computer vision systems will be an increasingly important part of the future safety and functionality of vehicles, and a necessary complement to other sensors like LiDAR and Radar,” said Louis Rajczi, a partner at Forte Ventures. “We understand that these camera systems must function in extremely challenging environments and believe Algolux has developed a world-class solution that provides exceptional performance in these types of conditions.”