Automotive Camera market

Global Automotive Camera Market Size (2024 to 2029)

The global automotive camera market size is expected to reach USD 9.97 billion in 2024 and is anticipated to reach a valuation of USD 16.49 billion by 2029 and is predicted to register a CAGR of 10.60% during 2024 to 2029.

Automotive cameras are used for an assortment of uses, for example, cruiser control frameworks and night vision frameworks in vehicles, especially in traveler autos. Car cameras are introduced in the back and front side of automobiles just as inside them for well-being purposes. Vehicles furnished with these cameras offer a better driving experience by improving the front and rear perspective of the driver.

The automotive camera is a locally available camera, which is intended to catch the most excellent video to broaden permeability for upgrading the well-being of the driver. These cameras are significantly used to help the driver for leaving, to evaluate vehicle execution, for night vision, and to assemble essential proof. Moreover, they are inserted with cutting-edge PC vision calculations, which remove crucial information from the caught pictures to help the driver for different purposes and assume a vital job for cutting-edge driver assistance frameworks.

MARKET DRIVERS

The rising impact of new vehicle evaluation programs is one of the key elements expected to support the development of the global automotive camera market in the upcoming years. Developing interest in traveler autos combined with expanding mindfulness in regards to well-being is quickening the interest for car cameras in vehicles, which, thus, is required to fuel the development of the automotive camera business. Expanding interest in detecting cameras in driver help frameworks just as developing need for cutting-edge innovations in automobiles are a portion of the significant variables answerable for the development of car camera sales. In addition, automotive cameras are sufficiently delicate to detect unforgiving driving conditions and help drivers in controlling their vehicles. This factor is foreseen to support the development of the target market.  

In the present situation, the expansion of back and side-view mirrors with automotive cameras in traveler vehicles is expanding, which, thus, is relied upon to build the OEM and secondary selling offers of these cameras. This factor will turn into a growth driver for the global automotive camera business during the estimated time frame. Multi-camera systems play a serious role in the development of autonomous vehicles and provide added benefits to realize higher autonomy levels.

The adoption of auto vision systems is rapidly increasing in Advanced Driver Assist Systems (ADAS) to supply lane departure assist, emergency braking, and forward-collision warning to drivers. The automated braking system typically uses cameras and sensors to detect pedestrians crossing the road and applies breaks automatically if a pedestrian is in peril of being hit. Additionally, cameras are integrated with ADAS to assist in the automated switching of vehicles’ headlights in low-light conditions. These components have the skills to capture the encompassing images and identify collision threats and inform drivers, driving the market demand.

The rise in the number of road fatalities is compelling the demand for advanced safety features altogether new cars. The inner camera system transmits a warning if it detects any drowsiness in drivers, which can help to scale back the number of road fatalities significantly. Additionally, various governments across the world are implementing stringent laws regarding passenger safety, which can further add up to market development.

MARKET RESTRAINTS

The high beginning establishment cost of car cameras can go about as a limitation to the worldwide market. Besides, the rising costs of vehicles alongside the significant expense brought about during the structuring and testing of these cameras may hamper the development of said business in the future.

REPORT COVERAGE

SEGMENT ANALYSIS

Global Automotive Camera Market Analysis By Application

The parking assistance system and lane departure warning system segments are likely to witness the highest demand and revenue share in the global automotive camera market in the coming years.

Global Automotive Camera Market Analysis By Vehicle

The rising passenger vehicle production within the emerging Asian economies, including India and China, because of an increase in middle-class income is predicted to drive the segment in the global automotive camera market. Consistent with the World Economic Forum, the number of passenger cars is anticipated to succeed in 2 billion by the top of 2040. The increasing adoption of safety features in passenger cars, like auto parking assistance and lane departure warning, is increasing the adoption of those components. 

Global Automotive Camera Market Analysis By Sales Channel

Original Equipment Manufacturers (OEMs) are predicted to account for a notable share of the global business in the coming years due to the increasing investments and demand from automotive manufacturers.

REGIONAL ANALYSIS

The North American automotive camera market is predicted to overwhelm the global business due to the expanding interest in lavish vehicles in the US and Canada. This, combined with expanding establishment of a cutting-edge driver-help framework, is evaluated to support the interest in-car cameras in the forthcoming years. Europe's automotive camera market holds a significant portion of the overall automotive camera business because of the nearness of an enormous number of vehicle makers in the locale. So, inferable from increasing spending of the white-collar class populace and developing lifestyles are growing interest for car cameras.

The Asia Pacific automotive camera market is likely to attribute a considerable share throughout the estimated period. Latin America, the Middle East, and African businesses are anticipated to observe expanded interest in cameras because of growing urbanization and financial development, which, thus, will quicken the development of the automobile camera business during the projected time frame.

KEY PLAYERS IN THE GLOBAL AUTOMOTIVE CAMERA MARKET

Automation Engineering Inc., Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Mobileye N.V., Autoliv Inc., Magna International Inc., OmniVision Technologies, Valeo SATop of FormBottom of Form. These are the market players that are dominate the automotive camera market.

RECENT HAPPENINGS IN THE GLOBAL AUTOMOTIVE CAMERA MARKET

• Kent RO is entering the automotive security space with its dashboard camera offering, the Kent CamEye. The CamEye features a dual-camera layout that captures what’s happening inside and outside of the doors of the car.
• Hitachi Automotive Systems announced the development of a stereo camera that permits automatic emergency braking (AEB) at intersections counting on stereo cameras alone by combining distant object detection with a broad-angle view and without millimeter-wave radar.
• Hero Electronix announced the introduction of its latest Qubo Smart Indoor Camera in India, under its Qubo brand of AI-powered connected smart devices. alongside the camera, the corporate has also launched smart sensors, namely Qubo Smart Gas Sensor, Qubo Smart Smoke Sensor, and the QuboSmart Door and Window Sensor.

DETAILED SEGMENTATION OF THE GLOBAL AUTOMOTIVE CAMERA MARKET

This research report on the global automotive camera market is segmented and sub-segmented into the following categories.

 By Application

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

By Technology

• Infrared Camera
• Thermal Camera
• Digital Camera

By Vehicle

• PC
• LCV
• HCV

By Sales Channel

• OEM
• After Market

By Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa