Global Automotive Camera Market

Analysis from GMI Research finds that the Automotive Camera Market earned revenues of USD 7.3 billion in 2022 and forecast to touch USD 17.6 billion in 2030 will grow at a CAGR of 11.6% from 2023-2030

Automotive Camera Market Overview

An automotive camera is an integral part of the vehicle that assists the driver for parking, driving, off-road, narrow roads, among others. Automotive cameras are used for front view, rear view, and 360-degree view, which makes driving safer and more comfortable, giving more confidence to the driver. Hence, the growing demand coupled with the favorable regulations promoting automotive cameras has contributed to the market’s growth.

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Major Automotive Camera Market Drivers

Stringent safety norms imposed by the government is a factor that has fuelled the growth of the automotive camera market. U.S. National Highway Traffic Safety Administration made it mandatory to install the rear-view camera with rear-view visibility systems in 2018, which has favorably pushed the overall automotive camera market’s growth. In addition, the camera plays an important role during time of road protection, legal protection, claim insurance among others which has fairly pushed the growth of the market. Furthermore, the increasing adoption of technologically sounded trifocal cameras has significantly influenced the overall growth of the market positively. Ongoing advancements in camera technology along with large production output of the product are expected to lower the price, which will create immense market potential in the near future. For instance, Ford Motor Company announced that it was expanding its association with Mobileye, an Intel company, to expedite innovative driver-assist system (ADAS) features in camera-based Ford Co-Pilot360 technology.

Restraint in the Automotive Camera Market

However, high installation cost associated with the advanced cameras is the major factor that is likely to surge the market’s growth.

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Vehicle Type – Segment Analysis

Based on the vehicle type, passenger car is witnessed to grow at a higher CAGR in the market over the forecast period. The rising consumer preference for SUV cars is the major factor that has boosted the passenger car’s growth in the market. For instance, according to IBEF, passenger car sales in India is anticipated to increase at a healthy rate of 12.87 % from 2017-2026, and India automotive sector is ranked in top five, which has surged the growth of the market. Rising disposable income has led to the increase in several passenger cars leading to the growth of the market.

Technology – Segment Analysis

Based on the technology, stereo is anticipated to surge the growth of the market over the forecast period. This is because they make driving more comfortable and improves the safety. It is comparatively less inexpensive if we compare it with monocular technology. Companies like Robert Bosch GmbH, Samsung Electro Mechanics, are involved in offering stere cameras, which is further boosting the growth of the market.

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Regional – Segment Analysis:

Based on the regional coverage, North America is anticipated is grow at a higher CAGR in the market over the forecast period. This is due to the stringent safety regulations imposed by the government. For instance, in 2018 U.S. Transportation Department made it compulsory to install rear-view cameras in vehicles weighing less than 10, 000lbs. In addition, the strong presence of the key players in the market like Magna International Inc., OmniVision Technologies, Clarion, Hitachi Automotive Systems Ltd. have helped in adoption of these cameras

Top Market Players

Various notable players operating in the market, include, Aptiv PLC, Clarion, Continental AG, Denso Corporation, Magna International Inc., Mobileye, OmniVision Technologies, Robert Bosch GmbH, Samsung Electro Mechanics, Hitachi Automotive Systems Ltd., among others. 

Key Developments:

• • In 2020, OmniVision Technologies officially launched its first image sensor for vehicle cameras, which has helped the company in expanding the product portfolio.

Segments covered in the Report:

The global automotive camera market has been segmented on the basis of vehicle type, application, technology and regions. Based on vehicle type, the market is segmented into passenger cars and commercial vehicles. Based on application, the market is segmented into adaptive cruise control, blind spot detection, lane departure warning system, lane keep assist, road sign assistance, intelligent headlight, and others. Based on technology the market is segmented into stereo and monocular. 

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Report Coverage	Details
Market Revenues (2022)	USD 7.3 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD billion)
Market Segment	By Vehicle Type, By Application, By Technology, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Aptiv PLC, Clarion, Continental AG, Denso Corporation, Magna International Inc., Mobileye, OmniVision Technologies, Robert Bosch GmbH, Samsung Electro Mechanics, Hitachi Automotive Systems Ltd., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Camera Market by Vehicle Type

• • Passenger Cars
  • Commercial Vehicles

Global Automotive Camera Market by Application

• • Adaptive Cruise Control
  • Park Assist System
  • Blind Spot Detection
  • Lane Departure Warning System
  • Lane Keep Assist
  • Road Sign Assistance
  • Intelligent Headlight
  • Others

Global Automotive Camera Market by Technology

• • Stereo
  • Monocular

Global Automotive Camera Market by Region

• • North America Automotive Camera Market (Option 1: As a part of the free 25% customization)

    • By Vehicle Type
    • By Application
    • By Technology
    • US Market All-Up
    • Canada Market All-Up

  • Europe Automotive Camera Market (Option 2: As a part of the free 25% customization)

    • By Vehicle Type
    • By Application
    • By Technology
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Automotive Camera Market (Option 3: As a part of the free 25% customization)

    • By Vehicle Type
    • By Application
    • By Technology
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Automotive Camera Market (Option 4: As a part of the free 25% customization)

    • By Vehicle Type
    • By Application
    • By Technology
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Automotive Camera (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Aptiv PLC
  • Clarion
  • Continental AG
  • Denso Corporation
  • Magna International Inc.
  • Mobileye
  • OmniVision Technologies
  • Robert Bosch GmbH
  • Samsung Electro Mechanics
  • Hitachi Automotive Systems Ltd.