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 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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FAQs

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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