Global Automotive Camera Market – Industry Trends and Forecast to 2030

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)) - Industry Trends and Forecast to 2030.

Automotive Camera Market Analysis and Size

The automotive camera market companies focus on creating cameras that serve diverse purposes within the automotive sector, such as enhancing driver assistance features, improving safety, and enabling advanced parking capabilities. The market encompasses the production, distribution, and sale of automotive cameras, driven by the growing demand for safety and advanced driver assistance technologies across the global automotive industry. Companies within this market aim to meet consumer needs, comply with industry standards, and innovate to stay competitive in delivering effective and reliable camera solutions for vehicles worldwide.

Data Bridge Market Research analyses that the Global Automotive Camera Market which was USD 7,985.00 million in 2022, would rocket up to USD 18138.15 million by 2030, and is expected to undergo a CAGR of 9.54% during the forecast period. The “passenger car” dominate the vehicle type segment of the global automotive camera market due to rising consumer demand for safety features, the passenger car segment dominates the automotive camera market. Automakers prioritize the integration of cameras for features such as collision avoidance, and parking assistance, which improves overall vehicle safety. Furthermore, legislative obligations for higher passenger vehicle safety standards encourage the adoption of camera systems in this market. However, more people are purchasing cars, which capture the attention of car manufacturers to provide all kind of safity features in passenger cars in both developed and developing countries.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

The global automotive camera market refers to the collective business environment wherein various manufacturers and suppliers engage in producing and providing camera systems specifically designed for integration into vehicles. In this market, companies focus on creating cameras that serve diverse purposes within the automotive sector, such as enhancing driver assistance features, improving safety, and enabling advanced parking capabilities. The market encompasses the production, distribution, and sale of these automotive cameras, driven by the growing demand for safety and advanced driver assistance technologies across the global automotive industry. Companies within this market aim to meet consumer needs, comply with industry standards, and innovate to stay competitive in delivering effective and reliable camera solutions for vehicles worldwide.

The Global Automotive Camera Market  Dynamics

Drivers

• The need for a safe and convenient driving experience is on the rise

The market is flourishing as the demand for a secure and convenient driving experience continues to surge. Consumers increasingly prioritize safety features, prompting automakers to integrate advanced camera systems for functionalities like collision detection and lane-keeping assistance. This heightened focus on safety is a key driver propelling the growth of the automotive camera market worldwide.

• Combating insurance scams with vehicle cameras

For years, driver fraud and insurance scams, particularly "crash for cash" schemes, have posed significant challenges. Falling victim to orchestrated collisions can cost companies thousands, especially if fault cannot be proven definitively. Embracing vehicle cameras becomes a crucial driver for the market, as they offer robust evidence to counter fraudulent claims, safeguarding companies from financial losses and maintaining a positive public image.

Opportunities

• The demand for electric vehicles is expected to increase in the near future

The automotive camera market sees an opportunity as the demand for electric vehicles is poised to rise in the near future. This presents a chance for camera manufacturers to cater to the evolving needs of electric vehicle integration, enhancing functionalities and safety features. As electric vehicles become more prevalent, the market can capitalize on this trend by providing tailored camera solutions to meet the specific requirements of the growing electric vehicle segment.

• The technical advancement of the automated driver assistance system (ADAS) for all vehicles.

The automotive camera market sees a significant opportunity in the technological advancement of Automated Driver Assistance Systems (ADAS) for all vehicles (motor vehicles, railed vehicles, watercraft, and amphibious vehicles among others). This progress opens avenues for camera systems to play a crucial role in enhancing safety and driving capabilities globally. Manufacturers are poised to capitalize on this opportunity by developing and supplying advanced camera solutions that align with the evolving landscape of automotive technology

Restraint/ Challenge

• The growth of the market is being held back by the high installation costs

High installation costs impede the growth of the automotive camera market. This obstacle hinders market expansion as manufacturers and consumers face challenges associated with the expenses involved in installing these camera systems. 

• The implementation of multi cam setup in vehicles is costly

The expenses associated with implementing such advanced systems may hinder widespread adoption. This financial obstacle requires industry players to find cost-effective solutions without compromising on the quality and functionality of automotive cameras.

This automotive camera market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 the variable frequency drive market contact the Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In May 2023, In the fast-evolving landscape of automotive technology, small yet powerful cameras with extensive range and resolution are a necessity. Balancing power and efficiency becomes crucial, especially with the anticipated surge in camera integration across successive vehicle generations. TAIYO YUDEN steps up to this challenge, providing cutting-edge solutions to optimize power supplies for camera modules, propelling innovation to new heights in the automotive industry
• In September 2023, Ford recalled 422,000 SUVs to address issues with the rearview camera's image quality. The concern was specifically related to the 360-degree view camera. The recall impacted models including Ford Explorer, Lincoln Aviator, and Lincoln Corsair, affecting a total of 422,000 vehicles. The company incurred a charge of $270 million to address and rectify the camera-related problem

The Global Automotive Camera Market  Scope

The automotive camera market  is segmented on the basis of technology, view type, level of autonomy, application, vehicle type, electric vehicle type.the growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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)

The Global Automotive Camera Market Region Analysis/Insights

The automotive camera market is analyzed and market size insights and trends are provided by country, technology, view type, level of autonomy, application, vehicle type and electric vehicle type as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and rest of South America as part of South America.

North America is expected to dominate leads the market due 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 2022 to 2030 because of the rapid industrialization along with rising number of automobile production in this particular region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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 the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Automobile Infrastructure growth Installed base and New Technology Penetration

The  automotive camera market also provides you with a detailed market analysis for every region’s growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the automotive camera market , the impact of technology using lifeline curves, and changes in battery regulatory scenarios and their impact on the variable frequency drive market. The data is available for the historic period 2010-2020.

Competitive Landscape and Global Automotive Camera Market  Share Analysis

The 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.

Some of the major players operating in the automotive camera market  are:

• Continental AG (Germany),
• Robert Bosch GmbH (Germany)
• Valeo (France)
• Aptiv (Ireland)
• Magna International Inc(Canada)
• DENSO CORPORATION (Japan)
• Ficosa Internacional SA (Spain)
• Autoliv Inc. (Sweden)
• Mobileye (Isarail)
• OmniVision Technologies, Inc. (U.S.)
• Veoneer Inc. (Sweden)
• HYUNDAI MOBIS (South Korea
• ZF Friedrichshafen AG (Germany
• AEi Boston (U.S.)
• FLIR Systems, Inc.(U.S.)
• KYOCERA Corporation (Japan)
• STONKAM CO., LTD., (China)