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.
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Market for Automotive Cameras: Development Drivers
An automotive camera is the onboard cameras built to record HD quality movies for driver visibility augmentation. These cameras are intended especially for parking aid and driver’s safety. An vehicle camera gains from providing the best night vision and helping to concurrently capture important data.
Advanced driver-assistance systems (ADAS) are being deployed in response to developing government regulatory framework linked to passenger safety and growing concerns about it. For the evolution of ADAS, the automobile camera is rather important. High picture resolution, great night vision, and a broad field view enable these cameras to help identify cross-view items including pedestrians, cyclists, and other cars.
Over 91.5 million ADAS systems are expected to be delivered globally by 2020. The growing global acceptance of ADAS has simultaneously increased the penetration of automotive cameras, which is expected to propel this industry over the next years.
Furthermore very important in boosting the vehicle camera business is the speed camera alert feature. But the large initial outlay needed for the installation of automotive cameras could impede the market in next years. Furthermore expected to present fresh business possibilities in the next years are technological improvements of car cameras, such improving night vision quality.
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The Global Automotive Camera Market is segmented based on product, application and region
Global Automotive Camera Market: Product Segment Analysis
● Light Commercial Vehicles
● Heavy Commercial Vehicles
● Passenger Vehicles
Global Automotive Camera Market: Application Segment Analysis
● Lane Departure Warning System
● Driver Monitoring System
● Park Assist System
● Blind Spot Detection
● Adaptive Cruise Control System
● Autonomous Emergency Braking System
● Others
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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
Market for Automobile cameras: regional analysis
North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa together make the regional division. Every region has been further divided into nations like the United States, Canada, Mexico, UK, France, Germany, China, India, Japan, South Korea, Brazil, Argentina, and GCC Countries.
Due to the outstanding presence of significant automotive camera manufacturers and the region’s booming automotive sector, Europe is predicted to hold a substantial proportion of the global automotive camera market in the future. The growing automotive industry in developing Asian countries like India and China is expected to drive fast market demand of automotive cameras throughout the forecast period in Asia Pacific.
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