Published: Nov-2022|  Format: PDF | MBI Research |  Number of pages: 140 | Code: MBI-3929036

Automotive Camera Market Size, Share, Growth & Demand Analysis Report By Product Type (Side-mirror Cameras, Forward-view Cameras, Rear-view Enhancement, Interior-view Cameras, Corner-view Cameras) By Application (Blind Spot, 360° Surround View, Drive Recorders, Night Vision, Lane Departure Warning System (LDWS), Drowsiness, Parking Surround View, Distance, Adaptive Front light System (AFS), Others) Forecast Period 2022-2030

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Market Overview:

The Global Automotive Camera Market size was valued at USD 6.89 billion in 2021 and is projected to register a valuation of USD 25 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 9.9% over the forecast period 2022-2030. Growing demand for autonomous vehicles and a growing need for easy and convenient driving are some of the major factors expected to boost the global automotive camera market revenue during the forecast period.

The global automotive camera market is largely dependent on the automotive market. They are mainly used for recording dash incidents, assisting with reversal, assistance for claims and insurance, capturing road rage incidents, easy parking, recording drive and driver movement, and more. In addition, vehicle cameras have recently gained traction in the market. Earlier this was mainly seen only in high-end cars, but recently, most of the budget-friendly cars have these cameras mainly the rear camera positioned.

An automotive camera is a rear-view system that makes reversing easier by monitoring a real-time image of the surrounding environment and recommending steering angles for the steering wheel. It provides a vehicle parking facility. It is purposely designed to capture high-quality images and videos to enhance driver safety. Automotive cameras are integrated with advanced technologies such as computer vision algorithms, which can extract important data that can be useful in assisting the driver in responding. Its application is widely found in Advanced Driver Assistance Systems (ADAS).

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of the lockdown have impacted the automotive camera market across the globe. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which have several negative impacts on the global automotive camera industry in terms of revenue.

Driving Factors:

The increasing number of road accidents is expected to largely support the revenue growth of the global automotive camera market. Autonomous vehicles are vehicles that propel themselves using various in-vehicle technologies, cameras, and sensors, and have the ability to sense the environment and operate without human involvement.

The demand for autonomous vehicles is increasing due to the increasing number of road accidents and deaths along with traffic congestion. Government data indicates that driver error or behavior is a factor in 93% of accidents, and autonomous vehicles equipped with cameras and sensors can help reduce driver error, reducing the number of accidents.

Key Market Players:

  • AMBARELLA
  • Aptiv plc
  • Autoliv Inc.
  • Automated Engineering INC (AEI)
  • Brigade Electronics
  • Clarion Co., Ltd.
  • Samvardhana Motherson Reflected
  • Sony Group Corporation
  • STONKAM CO. LTD
  • Valeo S.A
  • VEONEER
  • ZF
  • Continental AG
  • Denso Corporation
  • FAURECIA
  • FICOSA International
  • FLIR SYSTEMS
  • Gentex Corporation
  • Hella KGaA Hueck & Co.
  • Hitachi Astemo LTD
  • HYUNDAI MOBIS
  • Omnivision Technologies Inc.
  • Panasonic Corporation
  • Robert Bosch GmbH
  • Samsung Electro-Mechanics
  • Kyocera Corporation
  • Magna International In
  • MCNEX CO
  • MOBILEYE

Market Segmentation:

The global automotive camera market is segmented by type, application, and region. By product type; Side-mirror Cameras, Forward-view Cameras, Rear-view Enhancement, Interior-view Cameras, Corner-view Cameras. By application; Blind Spot, 360° Surround View, Drive Recorders, Night Vision, Lane Departure Warning System (LDWS), Drowsiness, Parking Surround View, Distance, Adaptive Front light System (AFS), and Others. By region; Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

By Product Type

On the basis of product type, rearview and corner view camera segments are expected to have significant growth during the forecasted period.

  • Side-mirror Cameras
  • Forward-view Cameras
  • Rear-view Enhancement
  • Interior-view Cameras
  • Corner-view Cameras

By Application

On the basis of application, the park assist system segment is expected to lead in terms of revenue contribution in the global market over the forecast period, owing to the growing need to help drivers park their vehicles more accurately.

  • Blind Spot
  • 360° Surround View
  • Drive Recorders
  • Night Vision
  • Lane Departure Warning System (LDWS)
  • Drowsiness
  • Parking Surround View
  • Distance
  • Adaptive Front light System (AFS)
  • Others

Regional Analysis:

The global automotive camera market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

In terms of volume, Asia Pacific held the major share of the global automotive camera market in 2021. This was primarily attributed to an increase in sales of vehicles with ADAS capabilities and an increase in vehicle safety awareness among young automobile buyers in the region. Furthermore, growth in sales of premium and luxury vehicles is driving the demand for automotive driving cameras in Asia Pacific.

Report Coverage:

Market Segmentation:

By Product Type

  • Side-mirror Cameras
  • Forward-view Cameras
  • Rear-view Enhancement
  • Interior-view Cameras
  • Corner-view Cameras

?By Application

  • Blind Spot
  • 360° Surround View
  • Drive Recorders
  • Night Vision
  • Lane Departure Warning System (LDWS)
  • Drowsiness
  • Parking Surround View
  • Distance
  • Adaptive Front light System (AFS)
  • Others

?By Region

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



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