The Automotive Cameras Market size was valued at US$ 9.95 Bn. in 2021 and the total revenue is expected to grow at 14.3% of CAGR through 2022 to 2029, reaching nearly US$ 28.99 Bn.
Automotive Cameras Market Overview:Automotive camera systems play significant role in the most recent applications like Lane Departure Warning Systems (LWDS), Forward Collision Warning Systems (FCWS), and Blind Spot Warning. They are primarily used to assist the driver with parking, and evaluating the performance of the vehicle (BSW). For true Machine Vision systems, automotive cameras can also be embedded with cutting-edge computer vision algorithms, providing a disruptive contribution to the Advanced Driver Assistance Systems (ADAS). The rear-view camera, surround-view camera, e-mirror, and driver monitoring system are just a few of the system solutions that are currently available in the market. Thanks to the increasingly strict government regulations, adoption of automotive cameras is being increased in both light and heavy commercial vehicles (DMS) and same has been contributing to the market growth. The automotive cameras market is projected to grow at a CAGR of 14.3% during the forecast period, reaching USD 65.55 billion by 2029 from an estimated USD 14.3 billion in 2021. Government safety norms, increasing vehicle production consumer demand for safer vehicles, and rising sales of EVs are likely to boost the demand for the automotive cameras market. The report has projected the volume of automotive sales in forecast period and how it is creating the market for cameras in volume and value in USD. The report has captured the sales cycles of automotive market in each country with luxury, premium and economy segments. To know about the Research Methodology:-Request Free Sample Report
Research MethodologyGood sample size for the primary research in all countries has helped to make the report findings more authentic and insightful. The primary respondents include manufacturers, distributors, OMEs, and investors that have helped to get an understanding of the ecosystem. Secondary sources are press releases, company annual reports, and government websites, un-organized players are referred and paid sources such as Bloomberg, Hoovers, Traffic Safety Administration NHSTA, AEB etc.. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the total production volumes and analyzing demand trends, and opportunities. The key players as well as local players are studied and analyzed in the report. That study of import and export of countries and domestic consumption of the countries are analyzed by production and consumption by segments and sub-segments.
Automotive Cameras Market Dynamics:Development in autonomous system Autonomous systems have been made possible by the higher use of cutting-edge technology in the automotive industry. The SAE J3016TM "Levels of Automated Driving" were developed by the Society of Automotive Engineers (SAE), International. They are divided into five levels, including level 0(No Automation), level 1 (Driver Assistance), level 2(Partial Automation), level 3(Conditional Automation), level 4(High Automation), level 5(Full Automation), However, from level 1 onward, there is a higher need for the deployment of high-tech tools like cameras and sensors that support drivers behind the wheel. The market for autonomous vehicles is expected to grow at CAGR of 14.3% enabling the significant growth in the Global Automotive Cameras market. Government initiative towards advance safety features The report has covered the safety elements and legislation introduced by governments across the world. For instance, the European Union has made it mandatory for all new cars to include event data recorders, accurate tire pressure monitoring, intelligent speed assistance, alcohol interlock installation facilitation, driver drowsiness, and attention warning systems, advanced driver distraction warning systems, emergency stop signals, and reversing detection systems. National Highway Traffic Safety Administration (NHSTA), part of the Department of Transportation, USA has made voluntary agreements to match automated emergency braking (AEB) with several automakers in 2022. Tesla, Volvo, Audi, and Mercedes, have already complied with their obligations by installing AEB in approximately three-fourths of their new passenger vehicles. Asian countries like China, India, Japan, and others, have also taken steps to improve safety, which is boosting the market's growth. Detailed analyses of government policies regarding the involvement of automotive cameras as safety guards are covered in the report. High cost of implementation There have been several technological advancements and developments in automobile multi-camera systems. When building a multi-camera system, it's crucial to keep the user's experience, safety, and comfort in mind. The multi-camera system combines several cameras with various parts that can display real-time images in conjunction with the interior display system. As a result, the multi-camera system has more wiring and complicated interactions with electronic systems. The installation of many cameras necessitates the installation of additional parts are increasing the cost of vehicles. The cost, however, has little bearing on vehicles in the luxury class but has a significant impact on vehicles in the affordable and mid-range price ranges. Manufacturers are prone to providing cutting-edge safety measures at a low cost. As a result, major OEMs around the world are unable to equip vehicles with technologically advanced safety features due to cost constraints. The increase in overall vehicle costs caused by the installation of advanced safety features may accelerate the growth of the multi-camera system market. Furthermore, if the cameras in the system are damaged, the consumer must replace the entire multi-camera system, which comes at a high cost. This poses a significant restraint to the expansion of the automotive cameras market.
Automotive Cameras Market Segment Analysis:By Application, the park assistance system segment accounted largest revenue share in the global automotive cameras market in 2021. Drivers can park more safely in any parking space with the help of a parking assistance system in an automotive camera, and an advanced driver assistance system (ADAS). In both light and large commercial vehicles as well as passenger cars, park assist systems are used and these drive the market growth. These technologies support the driver in both parking the car in a row of parallel-parked cars and backing out of those positions. Many systems offer cross-traffic alerts, which show expanded visualization and the vehicle’s surroundings. Radar, cameras, and ultrasonic sensors are used by parking assistance systems to scan the area when the car is being parked. These systems use both passive and active parking safety technology. While active assistance takes charge of the vehicle's acceleration and steering, passive assistance only alerts drivers immediately. Which is expected to drive revenue growth in this segment over the forecast period. In countries like Japan, the US, Europe, and China, the number of vehicles having a parking assist system is expected to increase by 2023. From 2025 onward, a completely automated system is expected to take the position of a semi-autonomous system. The introduction of the parking system is expected to pick up steam for commercial vehicles at classification level 4 of autonomous driving as a result of an ISO (International Standardization Organization) guideline for the self-parking system and full-scale deployment of V2X (Vehicle to Everything) being likely to prevail from 2026. (Car-share vehicles, public transportation buses, and delivery vehicles). By Technology, the global automotive cameras market is segmented into infrared camera, thermal cameras, and digital cameras. The infrared camera segment is expected to register a significantly rapid grow of XX % of CAGR during the forecast period, thanks to the rising demand for long-range obstacle detection. The forward collision warning (FCW), autonomous emergency braking (AEB), and adaptive cruise control (ACC) systems, among others, all use infrared cameras. In addition, the demand for infrared cameras is anticipated to rise due to the growing requirement to identify items that emit heat, such as vehicles, animals, and humans, without the use of light or headlights. These factors are anticipated to increase the popularity of infrared cameras and colors and propel the growth of this market during the forecast period. Infrared cameras can also identify the distance and speed of objects and take the required action to prevent a collision. Recent research from MMR indicates that IoT could increase worker safety and industry productivity by up to 25%. And that's only the beginning. The use of transformative technology can improve a variety of business processes, including machine output, visibility, worker safety, and proactively detecting security concerns. By Vehicle Type, the passenger car segment is anticipated to rule the automotive cameras market during the forecast period. Increased adoption of ADAS features in economy segment passenger cars is expected to boost this segment's growth. The passenger car segment is the world's largest vehicle segment and the most promising market for active safety systems. Because of the growing demand for safer and more comfortable vehicles, it is currently the largest market for ADAS. Governments in both developed and developing countries intend to make the ADAS system mandatory in passenger vehicles. For example, the EU has expanded the scope of authorizing ADAS systems in passenger cars to include AEB and LDW systems. These mandates are likely to drive the passenger car market. Another factor driving the market growth is the rising demand for luxury vehicles in developing countries. According to the US Department of Transportation (US DOT), the rise of autonomous passenger vehicles will drastically reduce the number of road fatalities. The ADAS and camera markets benefit from autonomous vehicles. Backup cameras, dash cameras, surround-view cameras, and ADAS cameras are examples of cameras found in passenger vehicles.
Automotive Cameras Market Regional Insights:The Asia Pacific region is expected to be the fastest-growing market during the forecast period. Autoliv Inc., Continental AG, Delphi Automotive PLC, Denso Corporation, Panasonic Corporation, Sony Electronics, and Robert Bosch GmbH are a few of the numerous automotive camera manufacturers that are present in the Asia Pacific. The demand for automotive night vision and driver monitoring systems is also increasing due to the rising popularity of premium vehicles and safety features, which is driving the Asia Pacific automotive cameras market. The China Passenger Car Association (CPCA) estimates that 5.5 million electric vehicles would be sold globally in 2022. The production of EVs is driven by the rising investments in them, which increases the use of various cameras in these cars. Seraya Partners stated in May 2022 that it would invest over $100 million in Taiwan's EV charging infrastructure. A new factory for the production of electric vehicles is being built in the US by Hyundai Motor Company. In December 2021, Bajaj announced the establishment of an electric vehicle production facility valued at $40 million in India. Thus, it is expected that the automotive cameras market in the Asia Pacific will be driven by such development potential in the production of electric vehicles. The demand for South Korean auto OEMs models has increased, forcing them to increase production rates and consequently raise their requirements for components, including automobile cameras. Automotive camera systems are increasingly necessary due to rising premium automobile demand and per-vehicle safety features. These elements have been boosting the regional market for automobile cameras. The continued requirement for large, light, and passenger vehicles is a crucial factor. The auto industry in South Korea continues to be one of the region’s most important industries and a major driver of the country's economic growth, contributing annually to more than 10% of the nation's total GDP. throughout the ups and downs in recent years, the region has remained a major player in the automotive industry. The automotive camera market is expanding as a result of rising automotive vehicle production and rising investments in zero-emission automobiles. With a $500 million investment, the nation has also pushed the electric car sector to lessen its reliance on China. As a result, the automotive camera market study helps in understanding future trends, novel technologies, and macro and micro aspects that will affect the market's expansion in the years to come.
The automotive cameras market top companies are implementing a new strategy for future generations of trucks, requiring no substantial changes to the driver's cab or vehicle chassis. Continental provides a "Camera and Sensor Cleaning, Cooling, and Heating" system that is automated. Each sensor detects the level of pollution individually. The new full-inner-frame body design, on the other hand, requires robust construction of the entire frame first, followed by welding on the external panels, which increases body rigidity while saving weight. It is 4,480mm long, 1,800mm wide, and 1,580mm height, with a wheelbase of 2,670 mm. In addition to the current generation EyeSight technology, the 2021 Crosstrek is the first Subaru vehicle in the Japanese market to use a wide-angle mono camera, which improves safety performance. In the comprehensive solution, all integrated sensors – lidar, radar, cameras – for adaptive cruise control, emergency braking and blind spot assist as well as automated driving functions are pre-calibrated and coordinated with each other. This significantly simplifies the installation of many sensors, their integration into the vehicle architecture, and the complex process of calibration. Autonomous cars use cameras, RADARs, and LIDARs to assess their surroundings in order to respond faster and avoid crashes. ADAS camera modules employ many types of cameras to help with autonomous driving. The automotive cameras market analysis conducted by MMR identified the constant rise of the ADAS industry as one of the key growth reasons for the market. To increase the performance of safety systems, advanced driver assistance systems (ADAS) collaborate with automobile camera module systems. In addition, this market research report provides a competitive analysis of the market by passenger cars and commercial vehicles, functionality (driver assistance camera and driver support camera), and geography (APAC, Europe, MEA, North America, and South America). The objective of the report is to present a comprehensive analysis of the Automotive Cameras Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
OMEs Automotive Company Revenue (USD Mn) No of models No cars on the Road production capacity Region MCNEX Co., Ltd. Kia Motors, Geely, Hyundai mobis, Hyundai xx xx xx 2M / month ASEAN, Indian, Korea Joyson Safety Systems (Formerly Key Safety Systems, Inc.) GM xx xx xx 5,12,04,209 Americas Smart Eye AB BMW, NASA, Nissan, Boeing, Honeywell, Volvo, GM xx xx xx 2.5 Mn. Americas Huawei Technologies Co., Ltd. Changan xx xx xx 1607 Mn. China Beijing Jingwei HiRain Technologies Co., Ltd. FAW Group, SAIC Group, BAIC group, JMC xx xx xx 1 Mn. China Valeo Group BMW xx xx xx 82.9 Mn. Europe Continental AG Daihatsu xx xx xx 33.8 Mn. Japan Denso Corporation Daihatsu xx xx xx 2 Mn. Japan
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Automotive Cameras Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 9.95 Bn. Forecast Period 2022 to 2029 CAGR: 14.3% Market Size in 2029: US $ 28.99 Bn. Segments Covered: by Application • Night Vision Recording • Parking Assist System • Blind Spot Detection • Lane Departure System • Other ADAS Systems by Technology • Digital • Thermal • Infrared by Vehicle Type • Passenger Vehicles • Commercial Vehicles by Region • North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)
Manufacturing Leaders in the Automotive Cameras Market are:• Robert Bosch GmbH (Germany) • Siemens AG (Germany) • ZF Friedrichshafen AG (Germany) • Hella KGaA (Germany) • Continental AG (Germany) • Faurecia (France) • Valeo S.A (France) • Ficosa Internacional SA (Spain) • Autoliv, Inc. (Sweden) • Veoneer (Sweden) • Aptiv (Ireland) • Te Connectivity (Switzerland) • OmniVision Technologies Inc. (US) • Ambarella International LP (US) • Delphi Technologies- BorgWarner Inc. (US) • Garmin Ltd (US) • Magna International Inc. (Canada) • Panasonic Corporation (Japan) • Sony Group Corporation (Japan) • Denso Corporation (Japan) • Aisin Seiki (Japan) • McNex Co., Ltd. (South Korea) • Qrontech Co. Ltd. (South Korea) • Mobileye (Israel) Frequently Asked Questions: 1. What is the forecast period considered for the Automotive Cameras Market report? Ans. The forecast period for the Automotive Cameras Market is 2021-2029. 2. Which key factors are hindering the growth of the Automotive Cameras Market? Ans. High cast of installation restraining the market growth. 3. What is the compound annual growth rate (CAGR) of the Automotive Cameras Market for the forecast period? Ans. 14.3 % of CAGR is the annual growth rate of the automotive camera market for the forecast period. 4. What are the key factors driving the growth of the Automotive Cameras Market? Ans. Government regulation driving the market gowth. 5. Which are the worldwide major key players covered for the Automotive Cameras Market report? Ans. Aptiv Plc., Robert Bosch GmbH, Veoneer, Inc., Siemens AG, Magna International, Inc., Valeo S.A
1. Global Automotive Cameras Market: Research Methodology 2. Global Automotive Cameras Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Cameras Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Cameras Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Automotive Cameras Market Segmentation 4.1 Global Automotive Cameras Market, by Application (2021-2029) • Night Vision Recording • Parking Assist System • Blind Spot Detection • Lane Depart Systems • Other ADAS Systems • Others 4.2 Global Automotive Cameras Market, by Technology (2021-2029) • Digital • Thermal • Infrared 4.3 Global Automotive Cameras Market, by Vehicle Type (2021-2029) • Passenger Vehicles • Commercial Vehicles 5. North America Automotive Cameras Market(2021-2029) 5.1 North America Automotive Cameras Market, by Application (2021-2029) • Night Vision Recording • Parking Assist System • Blind Spot Detection • Lane Departure System • Other ADAS Systems 5.2 North America Automotive Cameras Market, by Technology (2021-2029) • Digital • Thermal • Infrared 5.3 North America Automotive Cameras Market, by Vehicle Type (2021-2029) • Passenger Vehicles • Commercial Vehicles 5.4 North America Automotive Cameras Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Automotive Cameras Market (2021-2029) 6.1. European Automotive Cameras Market, by Application (2021-2029) 6.2. European Automotive Cameras Market, by Technology (2021-2029) 6.3. European Automotive Cameras Market, by Vehicle Type (2021-2029) 6.4. European Automotive Cameras Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Cameras Market (2021-2029) 7.1. Asia Pacific Automotive Cameras Market, by Application (2021-2029) 7.2. Asia Pacific Automotive Cameras Market, by Technology (2021-2029) 7.3. Asia Pacific Automotive Cameras Market, by Vehicle Type (2021-2029) 7.4. Asia Pacific Automotive Cameras Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Cameras Market (2021-2029) 8.1 Middle East and Africa Automotive Cameras Market, by Application (2021-2029) 8.2. Middle East and Africa Automotive Cameras Market, by Technology (2021-2029) 8.3. Middle East and Africa Automotive Cameras Market, by Vehicle Type (2021-2029) 8.4. Middle East and Africa Automotive Cameras Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Automotive Cameras Market (2021-2029) 9.1. South America Automotive Cameras Market, by Application (2021-2029) 9.2. South America Automotive Cameras Market, by Technology (2021-2029) 9.3. South America Automotive Cameras Market, by Vehicle Type (2021-2029) 9.4 South America Automotive Cameras Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Robert Bosch GmbH (Germany) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Siemens AG (Germany) 10.3. ZF Friedrichshafen AG (Germany) 10.4. Hella KGaA (Germany) 10.5. Continental AG (Germany) 10.6. Faurecia (France) 10.7. Valeo S.A (France) 10.8. Ficosa Internacional SA (Spain) 10.9. Autoliv, Inc. (Sweden) 10.10. Veoneer (Sweden) 10.11. Aptiv (Ireland) 10.12. Te Connectivity (Switzerland) 10.13. OmniVision Technologies Inc. (US) 10.14. Ambarella International LP (US) 10.15. Delphi Technologies- BorgWarner Inc. (US) 10.16. Garmin Ltd (US) 10.17. Magna International Inc. (Canada) 10.18. Panasonic Corporation (Japan) 10.19. Sony Group Corporation (Japan) 10.20. Denso Corporation (Japan) 10.21. Aisin Seiki (Japan) 10.22. McNex Co., Ltd. (South Korea) 10.23. Qrontech Co. Ltd. (South Korea) 10.24. Mobileye (Israel)