Automotive Camera Market Size, Share, Trends, Growth 2032

Global Automotive Camera Market: Overview

The global automotive camera market size was evaluated at $7.99 billion in 2023 and is slated to hit $18.07 billion by the end of 2032 with a CAGR of nearly 9.50% between 2024 and 2032.

The study includes drivers and restraints of the automotive camera market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the automotive camera market on a global level.

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This report offers a comprehensive analysis of the global automotive camera market along with market trends, drivers, and restraints. This report includes a detailed competitive scenario and product portfolio of the key vendors. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces Model for the market has also been included.

Automotive Camera Market: Growth Factors

The onboard cameras developed for capturing HD quality videos for visibility enhancement of the driver is termed as an automotive camera. These cameras are designed specifically for the driver's safety and parking assistance. An automotive camera benefits by offering the highest quality night vision and assisting in gathering critical data simultaneously.

The rising concerns toward passenger's safety and growing government regulatory framework related to the same are helping in deploying advanced driver-assistance systems (ADAS). The automotive camera holds significant importance for the development of ADAS. These cameras provide high image resolution, excellent night vision, and a wide field view that helps in the detection of cross-view objects, such as pedestrians, bicycles, and other vehicles.

By 2020, over 91.5 million units of ADAS are forecasted to be shipped worldwide. The rising adoption rate of ADAS globally has simultaneously escalated the penetration of automotive cameras, which is anticipated to drive this market over the forecast timeframe.

In addition, speed camera alert feature holds significant contribution in driving the automotive camera market. However, the high initial cost required for the deployment of automotive cameras may hinder the market in the years ahead. Moreover, technological enhancements of automotive cameras, such as upgrading night vision quality, are estimated to offer new market opportunities in the upcoming years.

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Automotive Camera Market: Segmentation

The global automotive camera market is segmented based on vehicle type, technology, view type, and application.

By vehicle type, the market is classified into light commercial vehicles, heavy commercial vehicles, and passenger vehicles. The technology segment includes a thermal camera, a digital camera, and an infrared camera. Single view system and multi-camera system form the view type segment of the global automotive camera market. By application, the market classified into lane departure warning system, driver monitoring system, personal lane departure warning system, blind spot detection, adaptive cruise control system, autonomous emergency braking system, and others.

All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

Automotive Camera Market : Report Scope

Automotive Camera Market: Regional Analysis

The regional segment includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region has been further segmented into countries such as the U.S., Canada, Mexico, UK, France, Germany, China, India, Japan, South Korea, Brazil, Argentina, and GCC Countries.

By region, Europe is projected is expected to hold a prominent share of the global automotive camera market in the future, due to the remarkable presence of major automotive camera manufacturers and the region’s flourishing automotive industry. During the forecast timeframe, market demand of automotive cameras is anticipated to grow rapidly in the Asia Pacific due to the flourishing automotive sector in developing Asian economies, such as India and China.

Automotive Camera Market: Competitive Space

The global automotive camera market profiles key players such as:

• Robert Bosch GmbH
• Clarion
• Magna International Inc
• Autoliv
• Continental AG
• Ficosa
• Automation Engineering Inc
• Intel
• OmniVision Technologies
• Aptiv PLC

This report segments the global automotive camera market into:

Automotive Camera Market: Vehicle Type Analysis

• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Passenger Vehicles

Automotive Camera Market: Technology Analysis

• Thermal Camera
• Digital Camera
• Infrared Camera

Automotive Camera Market: View Type Analysis

• Single View System
• Multi-Camera System

Automotive Camera Market: Application Analysis

• Lane Departure Warning System
• Driver Monitoring System
• Park Assist System
• Blind Spot Detection
• Adaptive Cruise Control System
• Autonomous Emergency Braking System
• Others

Automotive Camera Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa