Automotive Camera Market Size is projected to reach USD 69 Billion by 2030, growing at a CAGR of 14.02%: Straits Research

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The global automotive camera market size was valued at USD 21.2 billion in 2021. It is expected to reach USD 69.05 billion by 2030, growing at a CAGR of 14.02% during the forecast period (2022–2030). During the forecast period, North America is expected to have the largest market for automotive cameras.

New York, United States, Aug. 15, 2022 (GLOBE NEWSWIRE) -- An automotive Camera is a rear-view system that makes reversing easier by monitoring the real-time environment and recommending the steering angle. The Automotive Camera is part of the rear-view system and is convenient for parking. They are designed to produce high-quality photos and videos to improve driver safety. The camera installed in the car uses cutting-edge technology such as computer vision algorithms to extract vital information for driver assistance. It's an onboard camera that records high-quality video to improve driver visibility and safety. These cameras help drivers with night vision, parking, vehicle performance, and gathering evidence.


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Increasing Road Accidents and Growing Demand for Luxury Cars Drives the Global Market

Park assist, collision avoidance, lane departure warning, traction control, digital balance control, tire stress monitoring, airbags, and telematics are in high demand due to the rising number of people injured or killed in car accidents. Innovative driving forces help structures find and categorize road objects, then offer drivers advice. These installations use radar and cameras and can slow or lock a car if it gets too far away during a collision.

As a result, the Automotive Camera Market Share and Size are growing. More teens than any other age group die in car accidents. Demand for safety features drives the growth of the automotive camera market and integrated radar and camera systems. The growing influence of NCAP, demand for premium cars, and safety features contribute to market growth.

Growth of New technologies Creates Tremendous Opportunities

Due to technological advances, internal combustion engines and fuel-fed engines are being replaced by electric, hybrid, and solar vehicles. Autonomous technologies and ADAS advancements are increasing user engagement and reducing the need for direct vehicle control. Developing vehicle-mounted navigation systems has made this possible. Manufacturers are focusing on their complex software, such as ADAS, developing new mobility technologies. As software becomes more important, automakers are developing safer, more innovative vehicles. Increasing technological advances and improvements in ADAS are opening many opportunities for automotive cameras and integrated radar and cameras.

 

Report Scope

Report Metric

Details

Market Size

USD 69.05 Billion by 2030

CAGR

14.02% (2022-2030)

Historical Data

2019-2020

Base Year

2021

Forecast Period

2022-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Application, Technology, Vehicle Type, Regions

Geographies Covered

North America, Europe, Asia-Pacific, LAME and Rest of the World

Key Companies Profiled/Vendors

Texas Instruments, Auroras s.r.l., Bosch, Avidor High Tech, Libelium, Sol Chip Ltd, Pycno Agriculture, CropX Inc, Trimble Inc, Sentera, LLC., The Yield Pty Ltd

Key Market Opportunities

Development of New Technologies to Boost Market Opportunities

Key Market Drivers

Increasing Incidences of Road Accidents to Favor Market Growth
Rising Demand for Luxury Automobiles to Support Market Growth

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Regional Analysis

During the forecast period, North America is expected to have the largest market for automotive cameras. This region is expected to lead the industry because of how quickly it is becoming industrialized, how well it is getting at making cars, and how fast it can connect to other places. The automotive camera market would also make more money if customers had more money to spend and their standard of living went up.

The automotive camera market will grow a lot in Asia and the Pacific. During the time that the projections say, this region is expected to have the most market growth. In the Asia-Pacific region, the key things driving the Automotive Camera Market are hybridization and electrification of vehicles, rising production of electric vehicles, and rising sales of passenger vehicles.


Key Highlights

  • The global automotive camera market size was valued at USD 21.2 billion in 2021. It is expected to reach USD 69.05 billion by 2030, growing at a CAGR of 14.02% during the forecast period (2022–2030).

  • Based on technology, the global automotive camera market is divided into different categories such as Digital cameras, infrared cameras, and thermal cameras. The thermal camera division is anticipated to grow at the most rapid rate during the forecast period.

  • Based on the vehicle type, the global automotive camera market is divided into two main types: passenger cars and commercial vehicles. The segment of the automotive camera market that pertains to passenger cars is anticipated to hold the largest market share during the forecast period.

  • Based on application, the global automotive camera market is divided into two main types: ADAS (Advanced Driver-Assistant System) and Park Assist.


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The key players in the global automotive camera market include

  • Automation Engineering Inc.

  • Robert Bosch GmbH

  • Continental AG

  • Aptiv PLC

  • Stonkam Co. Ltd.

  • Mobileye N.V.

  • Autoliv Inc.

  • Magna International Inc.

  • OmniVision Technologies


Global Automotive Camera Market: Segmentation

By Application

  • Park Assist System

  • Lane Departure Warning System

  • Adaptive Cruise Control System

  • Autonomous Emergency Braking System

  • Blind Spot Detection

  • Others (Pedestrian Detection System, Road Sign Recognition, and Night Vision Camera)

By Technology

  • Infrared Camera

  • Thermal Camera

  • Digital Cameras

By Vehicle Type

  • Passenger Vehicle

  • Light Commercial Vehicle

  • Heavy Commercial Vehicle

By Regions

  • North America

  • Europe

  • Asia-Pacific

  • LAMEA


TABLE OF CONTENT

  1. Introduction

    1. Market Definition

    2. Market Scope

  2. Research Methodology

    1. Primary Research

    2. Research Methodology

    3. Assumptions & Exclusions

    4. Secondary Data Sources

  3. Market Overview

    1. Report Segmentation & Scope

    2. Value Chain Analysis: Automotive Camera Market

    3. Key Market Trends

      1. Drivers

      2. Restraints

      3. Opportunities

    4. Porter’s Five Forces Analysis

      1. Bargaining Power of Suppliers

      2. Bargaining Power of Buyers

      3. Threat of Substitution

      4. Threat of New Entrants

      5. Competitive Rivalry

    5. Market Share Analysis

  4. Application Overview

    1. Introduction

      1. Market Size & Forecast

    2. Park Assist System

      1. Market Size & Forecast

    3. Driver Monitoring System

      1. Market Size & Forecast

  5. Technology Overview

    1. Introduction

      1. Market Size & Forecast

    2. Thermal Camera

      1. Market Size & Forecast

    3. Digital Camera

      1. Market Size & Forecast

  6. Regional Overview

    1. Introduction

      1. Market Size & Forecast

    2. America

      1. North America

      2. U.S.

        1. By Application

        2. By Technology

      3. Canada

        1. By Application

        2. By Technology

      4. Mexico

        1. By Application

        2. By Technology

      5. Latin America

        1. By Application

        2. By Technology

    3. Europe

      1. Market Size & Forecast

      2. Germany

        1. By Application

        2. By Technology

      3. France

        1. By Application

        2. By Technology

      4. U.K.

        1. By Application

        2. By Technology

      5. Italy

        1. By Application

        2. By Technology

      6. Spain

        1. By Application

        2. By Technology

      7. Rest of Europe

        1. By Application

        2. By Technology

    4. Asia Pacific

      1. Market Size & Forecast

      2. Japan

        1. By Application

        2. By Technology

      3. China

        1. By Application

        2. By Technology

      4. Australia

        1. By Application

        2. By Technology

      5. India

        1. By Application

        2. By Technology

      6. South Korea

        1. By Application

        2. By Technology

      7. Rest of Asia-Pacific

        1. By Application

        2. By Technology

    5. Middle East & Africa

      1. Market Size & Forecast

      2. Saudi Arabia

        1. By Application

        2. By Technology

      3. South Africa

        1. By Application

        2. By Technology

      4. Kuwait

        1. By Application

        2. By Technology

      5. Rest of Middle East & Africa

        1. By Application

        2. By Technology

  7. Company Profile

    1. Automation Engineering Inc

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    2. Robert Bosch GmbH

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

    3. Continental AG

      1. Company Overview

      2. Financial Performance

      3. Recent Developments

      4. Product Portfolio

  8. Conclusion & Recommendation

  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/automotive-camera-market/toc 


Market News

  • June 2022- Autoliv and the Malaysian Institute of Road Safety Research will collaborate to save more lives.

  • April 2022- Autoliv launched a multi-year commitment to support the UN Road Safety Fund.

  • February 2022- Autoliv provided an exterior airbag for Nuro's autonomous vehicle.

  • June 2022- Autoliv and the Malaysian Institute of Road Safety Research collaborated to save more lives

  • April 2022, Autoliv launched a multi-year commitment to support the UN Road Safety Fund.

  • February 2022, Autoliv provided an exterior airbag for Nuro's autonomous vehicle.


News Media

Increasing Exports to Fuel the Automotive Camera Market During the Forecast Period, 2019–2026


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Increasing Exports to Fuel the Automotive Camera Market During the Forecast Period, 2019–2026.