Global Automotive Camera Market

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: 118 | Figures: 72

Automotive Camera Market News

  • 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.
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Global Automotive Camera Market size was valued at USD 8.85 billion in 2022 and is poised to grow from USD 9.81 billion in 2023 to USD 20.25 billion by 2031, growing at a CAGR of 11.2% in the forecast period (2024-2031). 

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. '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. '

Increasing ADAS Adoption

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.

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.

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Global Automotive Camera Market

Report ID: SQMIG25A2340

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