Global Automotive Camera
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Automotive Camera market was valued at USD XX million in 2024. It is estimated to reach USD XX million by 2031, growing at a CAGR OF 11.30% during the forecast period (2024-2031).
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Market Split by Type |
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Market Split by Application |
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Market Split by Technology |
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Market Split by Vehicle |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Automotive Camera Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An automotive camera is an imaging system that continuously records and shows the driver's views of their surroundings to increase the safety of both the driver and the vehicle. This helps drivers and an imaging system that enhances vehicle safety by enabling them to make better decisions based on real-time images of the surroundings that correspond with vehicle maneuvers. Depending on their intended purpose, car cameras can be installed both inside and outside the vehicle. Automotive cameras are mainly used in the ADAS systems of vehicles. The supporting software for the ADAS system instantly analyses data from the automotive camera and uses it to trigger the vehicle's safety-enhancing features, like lane departure warning, automated emergency braking, blind spot alerts, and driver alert monitoring. These cameras being installed in cars, not only ensure the safety of the driver but also help to identify any blind sports areas and reduce the rate of any accident in the future. According to estimates from the World Health Organization, traffic accidents result in 1.25 million fatalities and 20 to 50 million injuries annually. The two main factors that lead to traffic accidents are driver fatigue and negligence. Thereby favoring the market for automotive cameras being installed in vehicles and providing safety. Producers in this market concentrate on developing cameras for the automotive industry with a variety of uses, including boosting driver assistance features, simplifying complex parking functions, and raising safety. The increasing need for safety and advanced driver assistance technologies in the global automotive industry has driven the production, promotion, and distribution of these car cameras. Companies in this industry put a lot of effort into satisfying customers, adhering to industry standards, and remaining innovative to remain competitive in the global market for trustworthy and safe camera solutions for cars. Furthermore, the market for automotive cameras is expanding due to the trend of using artificial intelligence (AI)-based cameras. The development and use of AI-based cameras are currently the focus of many suppliers and manufacturers of self-driving car technology.
(SOURCE: https://www.who.int/health-topics/road-safety#tab=tab_1)
It's getting more and more crucial to drive more conveniently and safely. As such, it is expected that in the years to come, advancements in vehicle safety features will happen even faster. Governments everywhere are requiring cameras to be installed in cars to improve the safety of both occupants and pedestrians due to the rise in traffic accidents. Among the common safety features are antilock brakes, seatbelts, and cruise control. The next set of features included electronic stability control, spot detection, lane departure warning, and forward collision warning. Additionally, contemporary features have surfaced, including automated emergency braking, rearview cameras, advanced driver assistance systems, self-parking, and lane-keeping assistance. Automakers such as Toyota and Honda are now offering cars with standard features like automatic emergency braking, blind spot detection, lane keep assist, forward collision warning, and rear cross-traffic. The automotive cameras have in-build compliance with the NCAP regulations and offer benefits over other sensor technologies like radar, LiDAR, or ultrasonic. Advanced cameras can also identify markings on the road, traffic signs, lights, etc. recognize objects, and provide data that facilitates their identification as vehicles or pedestrians. These features make the camera a better and safer option. For instance, the Toyota Glanza has a hawk eye camera, which helps drivers identify blind spots in congested parking and traffic. Moreover, it also helps in negotiating tight roads. In some nations, the government has introduced legislation and rules for proper monitoring and safety. For instance, three US senators introduced legislation mandating driver monitoring systems for all new cars sold in the country in April 2021. They offer to install driver monitoring systems and advanced driver assistance systems (ADAS) in every car. This law ought to become a requirement for all new cars by 2027. Therefore, it can be anticipated that the market for automotive cameras will grow as road safety regulations rise. Similar to other technological advancements, cameras can also advance over time, ensuring proper safety for drivers and others.
A 360-degree camera is a collection of four or more cameras that capture an image of the surrounding area from each of an automobile's four sides. It is also referred to as a surround-view or birds-eye view. An image processing program centers a representation of the car in the image after piecing together those four views. The 360° "Bird's eye" view allows the driver to see everything around the vehicle, which is helpful when parking and navigating through confined spaces. When the turn signals are activated or the car is in reverse gear, the system automatically adjusts the view. When reversing into or out of parking spaces, Smart Vision is especially helpful as it provides the driver with a top and wide-angle view of the back, enabling them to maneuver through even the tightest spaces. The driver can also view the front or rear cameras in full-screen mode by using the control switch when needed. A much wider camera image of the area in front and behind the vehicle is displayed when the driver manually activates the full-screen front or rear view. This is very helpful in situations where visibility is limited, such as when reversing out onto a road or at a junction where a wall or hedge is obstructing the view of oncoming traffic. Many accidents are caused in these situations. Due to such advanced features, the 360-camera is becoming more common in almost all four vehicles. Cars like Nissan Magnite, Maruti Fronx, Tata Nexon, Maruti Brezza, and MG Astor to name are some cars that provide 360-degree cameras. Numerous automakers have been forced to integrate 360-degree cameras with cutting-edge technologies due to the growing consumer awareness of cutting-edge safety features. These factors are also expected to drive market growth over the forecast period.
The installation costs of automotive cameras are very high which restrains the market growth
The high cost of installing sophisticated cameras is expected to impede the development of vehicle cameras. This makes sense considering that installing a security system raises the price of a car. The cost of consumer-facing hardware, app fees, and communication services that come with adding premium features to cars will impede the market's growth. Moreover, with such advanced features in a car, people may not be able to afford it due to their income. For instance, in India according to a survey conducted by the Ministry of Health and Family Welfare (5) suggested that only about 8 percent of Indian households 1 in 12 households — own cars. While about 20 percent did not own any mode of transport. This low absence of car ownership is related to low incomes. For those with modest incomes, the cost and upkeep of cars with sophisticated installed automotive cameras increase. In addition, manufacturers must invest heavily in improving the vehicle's features if they hope to stay ahead of the competition and make continuous advancements.
(SOURCE: https://main.mohfw.gov.in/sites/default/files/NFHS-5_Phase-II_0.pdf)
The COVID-19 pandemic hindered market expansion and ultimately caused the automotive industry to close down due to supply disruptions and a halt in vehicle production. To stop the virus from spreading, several governments around the world implemented national lockdown laws, which led to a decline in the automobile industry in the second half of 2020. During the pandemic, the car industry suffered greatly. Additionally, a lot of businesses reported lower revenue and sales than in prior years. For instance, Aptiv's Advanced Safety and User segment saw a 13% decline in revenue from USD 1,023 million in Q1 2019 to USD 902 million in Q1 2020 as a result of fewer car sales. Furthermore, the countrywide lockdowns severely interfered with supply chains, which led to limitations and a decline in the consumption of high-quality goods worldwide. The market for automotive cameras was severely impacted by these factors. When the world began to reopen in the second half of 2021, automotive camera companies all over the world began producing products using half of their workforce, as long as they followed the correct social distancing guidelines to stop the virus from spreading. In addition, nations began organizing mass vaccination campaigns to stop the virus's spread after the COVID-19 vaccine was developed. Over the course of the forecast period, these factors increased demand for cars, which in turn increased demand for automotive cameras.
(SOURCE: https://www.aptiv.com/en/newsroom/article/aptiv-reports-first-quarter-2020-financial-results)
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To provide customers with the best and most unique products, competitors in the automotive camera market are constantly developing technology. The big players are also focusing on cost-cutting initiatives, acquisitions, and strategic alliances to improve their product offerings. For instance, in September 2020, OMNIVISION Technologies, Inc. and GEO Semiconductor Inc. jointly presented a solution aimed at providing the highest quality image for e-mirrors, surround-view systems (SVS), and rear-view cameras (RVCs). The OXO3C10 automotive image sensor from OmniVision, the only one in the world with a large 3.0-micron pixel, a high dynamic range of 140 dB to reduce motion artifacts, and the best LED flicker mitigation (LFM) performance, is the essential part of this system.
Top Companies Market Share in Automotive Camera Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Global Automotive Camera Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Automotive Camera Industry growth. Automotive Camera market has been segmented with the help of its Type, Application Technology , and others. Automotive Camera market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By Type
Stereo is expected to grow at a compound annual growth rate (CAGR) of XX% over the course of the forecast period, maintaining its largest market share. The market is expected to be dominated by this segment during the forecast period. In a stereo camera, two cameras collaborate to accurately measure the distance between an obstruction and the vehicle. Stereo cameras ensure the proper operation of several Advanced Driver Assistance System (ADAS) applications, such as lane departure warning, adaptive cruise control, and collision warning. Thus, their continued dominance over the forecast period will be aided by an increase in the use of stereo cameras in autonomous driving and collision detection systems.
The monocular segment is expected to grow at the fastest rate over the projected period due to the expectation that more entry-level cars will use these cameras. With a monocular camera, one camera is used to produce 2D images or videos. Monocular cameras use sophisticated computer vision algorithms and machine learning to deliver ADAS applications and comprehensive information. Among the passenger vehicles with monocular cameras are the Hyundai Kona, Sonata, Audi Q5, Q7, A6, X3, and BMW 5- and 7-series. The growing use of these cameras in passenger cars is expected to propel them to the second-largest market share.
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By Application
The park assist system segment holds the largest market share. It is anticipated to grow at a CAGR of XX% during the forecast years. Park Assist, an Advanced Driver Assistance System (ADAS), makes parking in any spot more secure for drivers. Parking assistance systems are used by both passenger cars and commercial vehicles. With the use of technology, a driver can exit a parking space and arrange their vehicle in a row of parallel spots. Companies are also working to provide suitable facilities to consumers. For instance, GlobalFoundries and renowned auto supplier Bosch teamed up in March 2021 to develop radar chips that will enable self-driving capabilities. Among other things, these radar chips help to increase driving safety by helping to keep the car in the proper lane, warning drivers of impending collisions, enabling emergency braking, and making parking easier. Thereby with advancements in technology and companies working together, the market will grow in the future.
The market segment with the fastest rate of growth in this market is Adaptive Cruise Control (ACC). It is anticipated that there will be XX% compound annual growth rate (CAGR) during the forecast period. With the help of ACC, a safe following distance between two vehicles is maintained. When a car approaching from behind is going to apply its brakes, it warns the driver. If the driver does not step on the brakes, the ACC will automatically apply the brakes to avoid a collision. Throughout the projection period, it is anticipated that customers' increasing preference for advanced security technologies will maintain ACC's dominant position. For instance, in January 2023, General Motors announced that the 2024 GMC Sierra HD would come equipped with adaptive cruise control as standard. Adaptive cruise control accomplishes this by scanning the immediate road ahead using GM's forward collision warning sensors, which include radar and cameras.
(SOURCE:https://gmauthority.com/blog/2023/01/2024-gmc-sierra-hd-to-offer-adaptive-cruise-control)
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Automotive Camera market report 2024 Edition by contacting our team.
By Technology
Digital cameras hold the largest market share in this category. It is anticipated to grow at a CAGR of XX% during the forecast period. Digital dash cams are equipped with additional safety and driver assistance features and can record both inside and outside of the vehicle. In addition to having advanced features, digital car cameras can record video even when the vehicle is fully loaded. Among these features are GPS tracking, parking mode, and motion detection. For example, Amazon released its most recent Launched Ring Car Camera in January 2023. The camera can begin recording and send the owner alerts and live videos as soon as it detects a break-in. The ACC, forward collision warning, and lane departure warning features are only very slightly included in digital cameras.
The thermal camera segment is the second-largest within the technology type segment and is anticipated to grow at a CAGR of XX% during the forecast period. Infrared thermography uses infrared radiation to detect and visualize heat signatures. They are used in night vision, security systems, and security applications. Thermal imagers can also be used to diagnose the engine and HVAC system. Check for leaks in the engines and HVAC (heating, ventilation, and air conditioning) systems. The growing use of infrared cameras is anticipated to drive up market demand over the forecast period. For instance, General Motors (GM) stated in December 2020 that thermal imaging cameras would be available as an option on select models of Cadillac, GMC, and Chevrolet automobiles.
By Vehicle
Throughout the forecast period, passenger cars are expected to hold the largest market share in the industry, growing at a compound annual growth rate (CAGR) of XX%. This is a result of rising passenger car sales and production. In addition, the average income of consumers in developing countries is rising rapidly. The passenger car market is expected to grow during the projection period due to the rising demand for safety features like automated collision correction (ACC), blind spot detection, and lane keep assist.
The commercial vehicles segment is anticipated to grow at the fastest rate during the forecast period, with a predicted CAGR of XX%. Additionally, the growing demand for cameras in commercial vehicles with blind spot detection systems will sustain the segment's steady growth throughout the projection period.
Region and country analysis section of Automotive Camera Industry Analysis has been segmented into 5 major region such as North America, Europe, Asia Pacific, Middle East & Africa ,and Latin America (along with respective major contributing countries) and provides the revenue share, current trends.
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of Automotive Camera market.
The current report Scope analyzes Automotive Camera Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
The base years considered for all the estimations by analyzing trends and growth rate will help you gain an in-depth understanding of the conclusions provided in this report. This report also includes figures, graphs, pie charts, tables and bar graphs that explain the data analysis based on current trends at the country level as well as key regions. This research report also focuses on assessing factors such as profit, product price, capacity, production, supply demand market growth rate along with others to create a clear picture on the future prospects of this market.Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Automotive Camera Market is witnessing significant growth in the near future.
In 2023, the Stereo segment accounted for noticeable share of global Automotive Camera Market and is projected to experience significant growth in the near future.
The Park Assist System segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Robert Bosch GmbH. , Omnivision and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Stereo, Monocular |
Application | Park Assist System, Lane Departure Warning System, Blind Sport Detection, Lane Keep Assist, Road Sign Assistance, Adaptive Cruise Control (ACC), Intelligent Headlight Control |
Technology | Digital Camera, Infrared Camera, Thermal Camera |
Vehicle | Passenger Cars, Commercial Vehicles |
List of Competitors | Robert Bosch GmbH., Magna International, Omnivision, Autoliv, Inc, Denso Corporation, Aptiv Plc, Brigade Electronics Group Plc, Garmin Ltf, Mobileye, Ricoh, Continental AG, ZF Friedrichshafen AG, Valeo |
This chapter will help you gain GLOBAL Market Analysis of Automotive Camera. Further deep in this chapter, you will be able to review Global Automotive Camera Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Automotive Camera Market Trends North America Automotive Camera Technological Road Map North America Automotive Camera Market Drivers North America Automotive Camera Market Restraints North America Automotive Camera Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Technology Analysis 2019 -2031
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Chapter 13 Market Split by Vehicle Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Automotive Camera market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Stereo have a significant impact on Automotive Camera market? |
What are the key factors affecting the Stereo and Monocular of Automotive Camera Market? |
What is the CAGR/Growth Rate of Park Assist System during the forecast period? |
By type, which segment accounted for largest share of the global Automotive Camera Market? |
Which region is expected to dominate the global Automotive Camera Market within the forecast period? |
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