Automotive Camera Market
Report ID: SQMIG25A2340
Automotive Camera Market Size, Share, Growth Analysis, By Type, By View, By Technology Type, By Vehicle Type, By Application Type, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25A2340 |
Region:
Global |
Published Date: November, 2024
Pages:
202
|Tables:
0
|Figures:
0
Automotive Camera Market Insights
Automotive Camera Market size was valued at USD 9.81 Billion in 2023 and is poised to grow from USD 10.88 Billion in 2024 to USD 22.46 Billion by 2032, growing at a CAGR of 10.9% during the forecast period (2025-2032).
The automotive camera industry across the globe is predicted to grow steadily over the next years with increased developments of camera-based driving assistance sensors, vehicle safety systems, and after-sales parking camera sales. Due to this, the product price will decline dramatically due to technological developments in cameras and high manufacturing output that will soon deliver vast market potential. Moreover, the market is expected to increase due to the growing necessity of sensing cameras in smart driver assistance systems. There will be size expansion in the industry because of its high demand for products with much of this demand recorded within passenger vehicles. The growing automotive part manufacturing centers and the presence of many suppliers in the industry are anticipated to increase demand for the product in China and India. The future will witness a considerable factor driving demand for the product-the surging desire for luxury cars. It would be due to the safety measures more and more measures of taking because of accidents occurring from traffic that over the next years, would impact the global automotive camera market growth. In passenger cars and commercial vehicles, during the next years, growing demands for various kinds of cameras, including digital, infrared, and thermal cameras would generate tremendous market opportunities.
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Automotive Camera Market Segmental Analysis
Global Automotive Camera Market is segmented by Type, View, Technology Type, Vehicle Type, Application Type and region. Based on Type, the market is segmented into Stereo, Monocular. Based on View, the market is segmented into Front, Rear, Surround. Based on Technology Type, the market is segmented into Digital Camera, Infrared Camera, Thermal Camera. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles. Based on Application Type, the market is segmented into Park Assist System, Lane Departure Warning System, Blind Spot Detection, Lane Keep Assist, Road Sign Assistance, Adaptive Cruise Control (ACC), Intelligent Headlight Control, Others. Based on Application, the market is segmented into Onshore, offshore. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Application Type
The automotive camera market was dominated by the park assist system segment, with a compound annual growth rate of 6.9%. Park assist is one of the key functions of ADAS, which are designed to assist drivers in various parking scenarios. Commercial and passenger cars employ these systems to assist drivers in automatic parking within tight spaces. It is able to help leave a parking space and park parallel; therefore, it decreases the probability of accidents and improves comfort during driving, especially in densely populated urban cities. This system is increasingly in demand for safer and more efficient parking solutions in international vehicle markets.
However, as per the automotive camera market analysis, the adaptive cruise control (ACC) segment is expected to be the second largest. ACC provides a safe distance between two cars. When a car comes close, it warns the driver to apply the brakes. In case the driver does not apply the brakes, ACC automatically applies the brakes to prevent an accident. Throughout the projection period, ACC's management will be supported by an uptick in customer demand for the latest security technology. As such, GM recently declared, for instance, that it would offer adaptive cruise control as part of the 2024 GMC Sierra HD order form, which uses forward collision warning sensors from GM comprising radar and cameras to view the road ahead.
Analysis By Type
Currently, the stereo camera category holds dominance over the automotive camera market. As per the automotive camera market forecast, this category will exhibit CAGR at a magnitude of 29.5%. Stereo cameras measure correct distances and recognize objects based on a two-lens combination offering an image of the surrounding area as three-dimensional. These cameras are part of essential Advanced Driver Assistance Systems such as adaptive cruise control, collision warning, and lane departure warning. They prove to be very crucial for improving vehicle safety because they have great precision and are reliable, especially in autonomous driving and collision detection systems. The trend of the requirement for stereo cameras is going to enhance growth and maintain a dominant share of the market over the projected period as ADAS technologies start to penetrate a larger portion of the total market.
However, monocular camera usage in entry-level vehicles would have to drive the growth of this segment during the projection period. Monocular cameras, that capture images or video with a single lens and two-dimensional data, require sophisticated computer vision algorithms and machine learning to interpret visual data and to meet a range of important ADAS applications. As they are much less expensive than audio systems, these cameras are in demand by automakers wanting to add safety features on less expensive cars. Some of the notable passenger automobiles using a monocular camera are Audi Q5, Q7 and A6, Hyundai Kona and Sonata, BMW 5-series, 7 series, and X3. These will contribute to market growth in the monocular field as well, due to this increase in usage with automobiles.
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Automotive Camera Market Regional Insights
North America holds the largest market share and is expected to significantly develop over the projection period. The demand in North America is expanding based on growing demand for luxury automobile use in the US, Canada, and Mexico and its rising use of Advanced Driver Assistance Systems (ADAS) in both passenger vehicles and commercial ones. Another factor driving market increase is the proliferation of safety features such as parking aid, lane-keeping assistance, and collision detection in luxury and mass-market automobiles. Besides, the focus of the region towards better driving conditions and safety features of vehicles will enhance the demand for automotive cameras in North America and drive dominance in the market.
However, high penetration levels of ADAS across the continent have made Europe a huge market for car cameras and it is anticipated to grow strongly. Adoption of safety systems in passenger cars has been led by France, Italy, Germany, and the UK. Demand is also bolstered by the stringent regulations that have mandated adding safety features like a camera for improved vision while driving in new cars. This growth is supported by the NCAP impact, favoring the adoption of state-of-the-art safety technologies in vehicles. The above parameters taken together will see continued growth in the European automotive camera industry.
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Automotive Camera Market Dynamics
Drivers
- Increasing ADAS Adoption
One of the driving factors of the automotive camera market is advanced driver assistance systems or ADAS. Cameras remain the core data source of most ADAS systems providing real-time video information that includes, for instance, parking sensors and collision warning and lane keeping assist systems. Therefore, as auto manufacturers more extensively use these ADAS technologies for vehicle safety features, market size is predicted to rise further, hence the high-demand car camera.
- Growing Demand for Automotive Safety Features
The automotive camera market is growing rapidly as consumers globally are demanding more advanced driving assistance and car safety features. The cameras in the automotive industry are used in features such as 360-degree cameras, automated emergency braking, and blind-spot monitoring. Due to increased emphasis on accident prevention and improved driving experience, a massive demand is being generated for these systems. These systems are required to meet regulatory standards and improve the safety ratings.
Restraints
- High Price of Advanced Camera Systems
The major constraints for the automotive camera market are going to be luxury and driverless cars with very high prices of advanced camera systems. Stereo camera systems and high-resolution cameras increase the overall cost of producing a car, so their application may be limited to entry-level or low-cost cars, which will not expand their market in certain niches.
- Technical Limitations and Integration Challenges
Inability to integrate automotive camera systems into the current car platform leads to compatibility and complexity issues. Most of the cars do not have an infrastructure that can accommodate today's camera systems, especially the older models. Besides, technical limitations such as distortion of images due to adverse weather conditions, low light performance, and delayed data processing limit the system from reaching its full capacity and thus cannot be ascertained in all cars.
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Automotive Camera Market Competitive Landscape
Half of the market is commanded by major players while other regional and minor players command the rest of the market. Still, other industry players emphasize developments and innovations. They are using several strategies, including product development, innovation, mergers & acquisitions to maintain their footing in the market.
Top Player’s Company Profile
- Magna International Inc.
- Panasonic Corporation
- Garmin Ltd
- Gentex Corporation
- Autoliv Inc.
- Hella KGaA Hueck & Co.
- Valeo SA
- ZF Friedrichshafen AG
- Bosch Mobility Solutions
- Continental AG
- Aisin Seiki Co., Ltd.
- McNex Co. Ltd.
- SMK Corporation
- Sekonix Co. Ltd.
- Pioneer Corporation
- LG Electronics
- Leopold Kostal GmbH
- Truly Semiconductors
- Steelmate Co.
- Candid Co.
Recent Developments
- Immervision Inc. and VIA Optronics AG entered into a design and development agreement for VIA's Next Generation Automotive Camera in February 2024. The design and development of the camera will be carried out through the collaboration of VIA and Immervision to create a unique lens technology for external car cameras.
- Eyeris Technologies, Inc. partnered with Leopard Imaging, Inc., in January 2024 to create a manufacturing reference design focused on enhanced passenger car cabin safety and comfort. The combined system in this would leverage 3D camera-based in-cabin monitoring solutions as its base to bring an AI-based mono 3D sensing software algorithm with the company's 5-megapixel (MP) backside illuminated (BSI) global shutter (GS) camera from Leopard Imaging, Inc.
- Ford stated that the BlueCruise would be coming into the UK this April 2023, a Level 2 ADAS for hands-free driving. The BlueCruise is an advanced enhancement of Ford's Intelligent Adaptive Cruise Control, with capabilities for vehicles to track behind other traffic, follow the limit of the road while also maintaining a consistent speed, and using both radar and automotive cameras to determine other cars on the road about their location and speed.
Automotive Camera Key Market Trends
- Transition to Autonomous Vehicles: One of the major automotive camera market trends is the increasing tendency toward autonomous cars. Sensor fusion systems and high-definition cameras will be needed more and more as self-driving technology advances. These cars use radar, LiDAR, and cameras to navigate and make judgments in real time. As autonomous cars go from idea to reality, the need for advanced camera systems that can provide 360-degree sight and precise environmental mapping will increase.
- New Developments in Camera Technology: Technological advancements have led to the cameras performing better with improved field-of-view, low light performance, and higher resolutions. New camera technologies in the form of improved accuracy and reliability are being developed for more precise data delivery in automotive ADAS applications, including infrared cameras and 3D imaging. The increasing capabilities of safety features along with the growth of this market will be supported as it is becoming increasingly affordable.
Automotive Camera Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, automotive cameras are witnessing a great demand due to the improvement in car safety features, and the utilization of ADAS is growing. Cameras are considered as the necessities for enabling applications such as autonomous driving, lane-keeping assistance, and collision detection as car technologies move towards more automation. With the rising demand for safety technologies from consumers and support from the governments, this market will grow significantly, with North America and Europe as its largest markets. Growth in some regions would however be hampered by issues such as high integration costs and technology constraints on the current car models. However, with continuous technical enhancements that give opportunities for new and existing competitors, the automotive cameras market is predicted to expand considerably over the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 8.85 billion |
| Market size value in 2031 | USD 20.25 billion |
| Growth Rate | 11.2% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Camera Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Camera Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Camera Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Camera Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Camera Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Camera Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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