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A recent report published by Infinium Global Research on automotive camera market provides in-depth analysis of segments and sub-segments in the global as well as regional automotive camera market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional automotive camera market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global automotive camera market.
Automotive cameras, integral components of Advanced Driver Assistance Systems (ADAS), significantly enhance driving safety, convenience, and functionality. These advanced devices utilize imaging sensors to capture and transmit real-time visual data, assisting with features such as adaptive cruise control, collision avoidance, lane departure warning, and parking assistance. Automotive cameras positioned on the exterior side of vehicles play a pivotal role in reducing blind spots, heightening driver awareness, and enabling autonomous vehicle capabilities. They are crucial tools for enhancing decision-making for automated systems and drivers. These cameras provide a comprehensive view and assist in parking, lane keeping, and blind spot detection. Key attributes of automotive cameras include their versatility as standalone or in-system units, low power consumption, Electromagnetic Compatibility (EMC) robustness, and cost optimization. These features cater to a wide range of systems, ranging from entry-level to high-performance, incorporating cutting-edge technology for next-generation machine vision systems.
The automotive camera market is experiencing significant growth primarily due to the growing integration of Advanced Driver Assistance Systems (ADAS) in modern vehicles. Automotive cameras play a crucial role in the core functions of ADAS, encompassing features like adaptive cruise control, automated emergency braking, frontal collision warning, and lane departure warning. Their superiority over alternative sensor technologies such as radar, LiDAR, or ultrasonic lies in their compliance with NCAP rules. These intelligent cameras are adept at recognizing and providing information about objects, distinguishing between cars and pedestrians, and identifying road markings, traffic signs, and signals. They excel in determining distances and tracking travel paths, making them a safer and more effective choice. Additionally, they contribute to functions like automated emergency braking, providing essential data for automatic response. The market is further driven by the increasing demand for convenient and safe driving experiences. Automotive cameras are integral to autonomous and semi-autonomous vehicles, undertaking sophisticated tasks like road signs and pedestrian identification. Leading automotive manufacturers such as Audi, Tesla, Nissan, and Cadillac are actively developing Level 3 (L3) driving systems for their upcoming vehicles. The global automotive camera market is propelled by the growing need for advanced cruise control and features that enhance driving comfort. Additionally, the growing influence of the New Car Assessment Program (NCAP) is driving the global automotive camera market. However, the higher price of the material and installation cost are expected to restrain the market growth of the automotive camera market. Nonetheless, the growing demand for electric vehicles is creating lucrative opportunities for growth in the automotive camera market.
The global automotive camera market is geographically segmented into North America, Europe, Asia Pacific, and the rest of the world. Europe is the dominating region in the automotive camera market because of the stringent safety norms imposed by the government such as rules made in July 2022 by the European Commission that made it compulsory to install intelligent speed assistance, reversing detection with cameras or sensors, attention warning in case of driver drowsiness or distraction, event data recorders as well as an emergency stop signal are all fulfilled by automotive cameras. Furthermore, the presence of significant key player companies like Robert Bosch GmbH, Continental AG, Brigade Electronics PLC, Mobileye, Aptive PLC, and many more in the Europe region is contributing to the region's rise as the center of the automotive camera industry. Moreover, rising consumer disposable income and easy access to raw resources are further driving this region's market expansion. Additionally, the production of innovative products also emerging in the European market for instance in September 2019, Bosch developed an MPC3 mono video camera for applications such as Advanced Driver Assistance Systems (ADAS) and autonomous driving. The new camera utilizes a multi-path approach and Artificial Intelligence (AI) for more efficient recognition. In August 2019, Continental unveiled new system solutions for safer automated driving. It developed a combined camera system comprising an inward-looking infra-red camera and an outward-looking camera. The system can simultaneously monitor the driver and the surrounding vehicles. These are driving the market growth of the Europe region. Moreover, the Asia Pacific is expected to witness significant growth, mainly in China, India, Japan, Thailand, Malaysia, and South Korea, in light of rapid industrialization along with increasing automobile production. Additionally, Asia Pacific is the fastest-growing industry because of the increasing imports of Asian-made components from North America and Europe. The expansion of the market in this area is anticipated to be driven by rising vehicle production and sales.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 7.36 Billion |
| Market Size by 2030 | USD 20.42 Billion |
| Growth Rate from 2023 to 2030 | CAGR of 11.84% |
| Largest Market | Europe |
| No. of Pages | 300 |
| Market Drivers |
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| Market Segmentation | By Camera Type, By Vehicle Type, By Product Type, and By Level of Automation |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global automotive camera market covers segments such as camera type, vehicle type, product type, and level of automation. On the basis of camera type, the sub-markets include digital camera, thermal camera, infrared camera, stereo camera, and monochrome camera. On the basis of vehicle type, the sub-markets include commercial, and passenger. On the basis of product type, the sub-markets include side-mirror cameras, interior-view cameras, forward-view cameras, rear-view enhancement, and corner-view cameras. On the basis of level of automation, the sub-markets include level 1- driver assistance, level 2- partial automation, level 3- conditional automation, level 4- high automation, and level 5- full automation.
The report provides profiles of the companies in the market such as Ambarella International LP., Brigade Electronics PLC, Continental AG, DENSO CORPORATION, Ficosa Internacional SA, Teledyne FLIR LLC, KYOCERA Corporation, Magna International Inc., MCNEX CO.,LTD, and OMNIVISION.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the automotive camera market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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