Global Automotive Camera Market, By Technology (Digital Camera, Infrared Camera, Thermal Camera), View Type (Single View System, Multi Camera System), Level of Autonomy (L1 Camera Unit, L2&3 Camera Units, L4 Camera Unit, L5 Camera Unit), Application (Driver Monitoring System, Park Assist System, ADAS, Blind Spot Detection, Night Vision System, Others), Vehicle Type (Passenger Cars, Economic Vehicles, Mid-Priced Vehicles, Luxury Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles, Others), Electric Vehicle Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Automotive camera market size is valued at USD 20.66 billion by 2028 expected to grow at a compound annual growth rate of 11.25% over the forecast period of 2021 to 2028. Data Bridge Market Research report on automotive camera market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Automotive camera is a type of an electronic device or equipment that assists in the visual aids of the persons driving the vehicles as well as the execution of autonomous driving systems such as park assist, driver monitoring and blind spot detection. These cameras have the ability to interrelate with their surroundings and spot any possible collision threats and notify them to the driver.
The automotive camera market has a huge potential to grow over the forecast period of 2021 to 2028, due to the rising government initiatives associated to vehicle safety features in economically-advanced countries. In addition, rising penetration of camera-based convenience features in luxury vehicles is also largely influencing the growth of the automotive camera market. Also the rising consumer demand for active safety systems is another driver flourishing the growth of automotive camera market, which in turn is raising the growth of the target market. Additionally, the implementation of strict government regulations regarding safety in vehicles as well as growing concerns regarding pedestrian and passenger safety will also boost the growth of the automotive camera market in the above mentioned forecast period. Likewise, the incorporation of ADAS in commercial and passenger vehicles across the world will also forward the product demand.
However, the high cost of execution of multi-camera systems and high thermal noise generation from the cameras will act as market restraints for automotive camera in the forecasted period of 2021 to 2028, whereas the various constraints in real-time image processing in surround view systems have the potential to challenge the growth of the market.
In addition, the rising development for autonomous systems along with increasing growth potential of multi-camera systems in emerging markets and high demand for electric vehicles (EV) will further offer various growth opportunities for the automotive camera market in the above mentioned forecast period.
This automotive camera market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive camera market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Camera Market Scope and Market Size
Automotive camera market is segmented on the basis of technology, view type, level of autonomy, application, vehicle type and electric vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the automotive camera market is segmented into digital camera, infrared camera and thermal camera.
- On the basis of view type, the automotive camera market is segmented into single view system and multi camera system.
- Based on level of autonomy, the automotive camera market is segmented into l1 camera unit, l2&3 camera units, l4 camera unit and l5 camera unit.
- On the basis of application, the automotive camera market is segmented into driver monitoring system, park assist system, ADAS, blind spot detection, night vision system and others.
- The automotive camera market has also been segmented on the basis of vehicle type into passenger cars, economic vehicles, mid-priced vehicles, luxury vehicles, light commercial vehicles, heavy commercial vehicles and others.
- Based on electric vehicle type, the automotive camera market is segmented into battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), hybrid electric vehicle (HEV) and plug-in hybrid electric vehicle (PHEV).
Automotive Camera Market Country Level Analysis
Automotive camera market is analyzed and market size, volume information is provided by country, technology, view type, level of autonomy, application, vehicle type and electric vehicle type as referenced above.
The countries covered in the automotive camera market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the automotive camera market owing to increasing demand for luxury vehicles in the Canada, U.S. and Mexico, associated with rising installation of ADAS in commercial vehicles and passenger cars in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rapid industrialization along with rising number of automobile production in this particular region.
The country section of the automotive camera market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Camera Market Share Analysis
Automotive camera market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive camera market.
The major players covered in the automotive camera market report are Continental AG, Robert Bosch GmbH, Valeo, Aptiv, Magna International Inc, Hitachi Automotive Systems, Ltd., DENSO CORPORATION, Ficosa Internacional SA, Autoliv Inc., Mobileye, Clarion, OmniVision Technologies, Inc., Veoneer Inc., HYUNDAI MOBIS, Ambarella International LP., ZF Friedrichshafen AG, AEi Boston, FLIR Systems, Inc., KYOCERA Corporation and STONKAM CO., LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.