image

Automotive Camera Market Report Scope & Overview:

The Automotive Camera Market size was valued at USD 7.96 billion in 2023 and is expected to reach USD 18.09 billion by 2031, and grow at a CAGR of 10.75% over the forecast period 2024-2031.

The increase in demand for automotive cameras stems from several influential factors. Primarily, stringent regulations mandating features such as rearview cameras and lane departure warnings are compelling automakers to incorporate more cameras into their vehicles. For instance, the European Union has enforced rear camera mandates in all new cars since 2018, with the National Highway Traffic Safety Administration (NHTSA) in the U.S. likely to follow suit. The increasing consumer interest in Advanced Driver-Assistance Systems (ADAS) is a significant driver of market growth. ADAS functionalities such as automatic emergency braking, blind-spot detection, and adaptive cruise control heavily rely on camera data, thus contributing to market expansion. The addition of autonomous vehicles is another pivotal driver. Cameras are integral components of perception systems for autonomous vehicles, and with substantial investments pouring into this sector, the demand for automotive cameras is poised to surge significantly in the foreseeable future.

Automotive Camera Market Revenue Analysis

Get More Information on Automotive Camera Market - Request Sample Report

During the anticipated period, the market for AI cameras is expected to rise at a quicker rate. This could be attributed to the cameras' broader range of applications in advanced driver assistance systems. The passenger car camera market dominated the broader automotive market. 

MARKET DYNAMICS:

KEY DRIVERS: 

  • The high demand for the product, particularly in passenger cars, is likely to boost industry size.

  • The rising use of complementary metal-oxide-semiconductor (CMOS) image sensors in-vehicle cameras is driving market expansion.

  • The government's increased attention on road safety is projected to stimulate industry expansion.

Increased government efforts to address road accidents are anticipated to ignite substantial growth in the automotive camera market. With stricter regulations requiring features such as rearview cameras and advanced driver-assistance systems (ADAS), there will be a notable uptick in camera installations per vehicle. This trend, combined with escalating consumer interest in safety features, is forecasted to propel the market towards significant expansion. Consequently, investments are poised to escalate, with analysts foreseeing a CAGR of approximately 12.5%.

RESTRAINTS:

  • The increased overall cost of vehicles as a result of upgraded safety measures may stifle the multi-camera system market's growth.

  • If the system's cameras are broken, the consumer would have to replace the entire multi-camera system, which will be quite expensive.

Nevertheless, the expansion can become problematic for consumers due to a design flaw. Non-modular camera systems necessitate replacing the entire unit if one camera malfunctions, proving to be costly. For instance, in a standard setup with four cameras priced at $100 each, replacing the entire system would result in a 300% cost surge, amounting to an extra $300. This underscores the significance of modular camera designs, which facilitate individual camera replacement, thereby lowering repair expenses for consumers.

OPPORTUNITIES:

  • The growing popularity of these semi-autonomous functions opens up a huge market for automobile cameras.

  • Due to the developing trend, camera systems that can deliver a variety of advanced features have a lucrative market.       

CHALLENGES:

  • Rising car prices, along with high design and testing expenses, are likely to provide a significant impediment to market expansion.

  • The multi-camera system has a hard time separating different perspectives from many camera inputs & displaying them in real-time.

  • Combining & converting the data into a single image has a high risk of degrading the quality of the image.

IMPACT OF RUSSIA-UKRAINE WAR:

The disruption in Ukraine, a major supplier of wiring harnesses crucial for connecting cameras to car electronics, has triggered production slowdowns and part shortages. LMC Automotive predicts a global vehicle production decrease of 400,000 units in 2022 as a result. Costs are on the rise due to sanctions and logistical challenges, leading to spikes in neon and palladium prices, essential materials for camera image sensors. This, in turn, increases the costs of camera components for manufacturers. Consumer preferences are shifting amidst inflation and escalating fuel prices, potentially favoring smaller, fuel-efficient vehicles. These models typically feature fewer cameras compared to luxury counterparts, which could impact the high-end camera segment. Governments are taking steps to address the crisis. The US is exploring alternative sources for wiring harnesses, while the EU is concentrating on diversifying its semiconductor supply chain. Nevertheless, implementing these solutions requires time.

IMPACT OF ECONOMIC SLOWDOWN:

Economic downturns typically lead to consumers postponing discretionary purchases, such as new cars. Consequently, there would be a direct reduction in the number of vehicles equipped with cameras, resulting in decreased market demand. For instance, during the Great Recession in 2009, global vehicle sales dropped by 16%, according to data from IHS Markit. A similar trend could be anticipated in future economic slowdowns. Economic strain may prompt consumers to opt for base models when purchasing new vehicles, foregoing advanced driver-assistance systems (ADAS) that often rely on cameras. This would lead to diminished demand for high-resolution and sophisticated camera technologies. Tier 1 suppliers, responsible for manufacturing components such as automotive cameras for carmakers, may experience production cuts and order cancellations as automakers adjust to lower demand. This would create significant challenges for suppliers in managing their operations and maintaining profitability.

MARKET SEGMENTATION ANALYSIS:

  • By Camera Type Share

The leading segment in the automotive camera market is digital cameras, constituting more than 60% of the market share in 2023 (specific figures available in final report). These cameras find extensive application in Advanced Driver-Assistance Systems (ADAS), including functions such as rearview cameras, lane departure warning, automatic emergency braking, and traffic sign recognition. Their popularity stems from their cost-effectiveness compared to infrared and thermal cameras, while still delivering adequate image quality for most ADAS functionalities under standard lighting conditions.

  • By Vehicle Type Share

Get Customized Report as per Your Business Requirement - Request For Customized Report

Passenger cars are poised to dominate the automotive camera market holding the share of 72%, driven by the increasing integration of Advanced Driver-Assistance Systems (ADAS) and the progression of smart city initiatives. Government regulations and heightened consumer awareness regarding safety functionalities are fueling the demand for cameras in passenger vehicles. These cameras facilitate critical features such as lane departure warning, automatic emergency braking, and blind-spot detection. In the commercial vehicle segment, the rear-view enhancement segment commands a significant share, especially in North America, where it finds widespread adoption in light-duty trucks. Europe mirrors this trend, with mid-sized passenger cars playing a pivotal role in driving the demand for rear-view cameras. Safety Regulations: Rigorous safety mandates for commercial vehicles are necessitating camera usage for functions like blind-spot monitoring and lane departure warning systems. This regulatory push is expected to drive market expansion further.

  • By Application Type Share

The automotive camera market is strongly influenced by a range of functionalities geared towards enhancing safety and driver assistance. These applications encompass various critical aspects of driving, each contributing differently to the market share. Lane Departure Warning (LDW) cameras, constituting approximately 25-30% of the market, hold the largest share due to their widespread use in basic Advanced Driver Assistance Systems (ADAS) and regulatory mandates in certain regions. Blind Spot Detection (BSD) cameras follow closely, accounting for around 15-20% of the market share, as they address a significant safety concern for drivers. Adaptive Cruise Control (ACC) cameras, with a share of approximately 10-15%, are witnessing a growing demand, driven by the increasing popularity of semi-autonomous driving features such as maintaining safe following distances. Park Assist System cameras also capture a notable share, around 10-15%, as they often work in tandem with sensors to provide comprehensive parking solutions. Pedestrian Detection cameras hold approximately 10-15% of the market share, propelled by safety regulations and heightened awareness of pedestrian safety. Night Vision and Road Sign Recognition (RSR) segments, while smaller at 5-10% each, are primarily found in high-end vehicles, with night vision expected to grow as technology advances and becomes more affordable. Driver Monitoring cameras, an emerging segment, currently hold around 5% of the market share but show promise for fatigue detection and enhanced safety measures in the future. While these figures are estimates and may vary depending on the source, they offer valuable insights into the distribution of application types within the automotive camera market.

The final report will include insights related to what are the trends of  mentioned sub-segments and what are the segments on which the companies should focus during the forecasted period, ultimately to improve their array of opportunities. 

By Camera Type:

  • Digital camera

  • Infrared camera

  • Thermal camera

By Vehicle Type:

  • Passengers car

  • Commercial vehicles

By Application Type:

  • Lane Departure Warning

  • Blind Spot Detection

  • Adaptive Cruise Control

  • Park Assist System

  • Pedestrian Detection

  • Night vision

  • Road Sign Recognition

  • Driver Monitoring

REGIONAL ANALYSIS:

The automotive camera market is currently witnessing a surge in both APAC  regions, largely driven by a combination of governmental regulations and increasing consumer demand for safety features. In APAC, the market is projected to experience a remarkable CAGR of approximately 11.9%, surpassing the global average. This remarkable growth is attributed to several factors such as rapid industrialization, escalating disposable incomes, and a expanding number of vehicles being manufactured, particularly in nations like China and India. Moreover, governmental initiatives advocating Advanced Driver-Assistance Systems (ADAS) and mandatory installation of rearview cameras in new vehicles are further stimulating market adoption in the region.

On the other hand, NA is anticipated to witness a more gradual growth, estimated at around 9.20%. This growth is underpinned by a strong focus on safety regulations and a mature automotive industry, characterized by established players seamlessly integrating camera technology. Notably, government investments in autonomous vehicle research are driving demand for high-resolution and advanced camera systems. Despite APAC's higher growth rate, NA maintains a significant market share owing to its well-developed infrastructure and established industry presence. Both regions present promising opportunities for automotive camera manufacturers, with APAC offering immense growth potential and NA showcasing a robust and reliable market landscape.

REGIONAL COVERAGE:

 

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

KEY PLAYERS:

Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), ADA-ES Inc. (U.S.), Allied Vision Technologies (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc (Sweden), Delhi Automotive PLC (U.K.), Denso Corporation (Japan),  TRW Automotive (U.S.) and Magna (Ireland) dominate the global automotive camera market (Canada).

RECENT DEVELOPMENTS:

  • Continental AG's recent development includes advanced camera solutions equipped with artificial intelligence algorithms for enhanced object detection and recognition, paving the way for autonomous driving capabilities.

  • Bosch, on the other hand, focuses on scalable camera platforms, offering flexibility and integration with other vehicle systems for seamless functionality.

  • Aptiv PLC stands out with its emphasis on high-resolution cameras and advanced driver assistance systems, ensuring optimal performance even in challenging driving conditions.

Robert Bosch (Germany)-Company Financial Analysis

 

Automotive Camera Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 7.96 Billion
Market Size by 2031  US$ 18.06 Billion
CAGR   CAGR of 10.75% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Camera Type (Digital Camera, Infrared Camera, Thermal Camera)
• By Vehicle Type (Passengers Car, Commercial Vehicles)
• By Application Type (Lane Departure, Warning, Blind Spot Detection, Adaptive Cruise Control, Park Assist System, Pedestrian Detection, Night Vision, Road Sign Recognition, Driver Monitoring)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America)
Company Profiles Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), ADA-ES Inc. (U.S.), Allied Vision Technologies (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc (Sweden), Delhi Automotive PLC (U.K.), Denso Corporation (Japan),  TRW Automotive (U.S.) and Magna (Ireland) dominate the global automotive camera market (Canada).
Key Drivers • The high demand for the product, particularly in passenger cars, is likely to boost industry size.
• The rising use of complementary metal-oxide-semiconductor (CMOS) image sensors in-vehicle cameras is driving market expansion.
• The government's increased attention on road safety is projected to stimulate industry expansion.
Market Restraint • The increased overall cost of vehicles as a result of upgraded safety measures may stifle the multi-camera system market's growth.
• If the system's cameras are broken, the consumer would have to replace the entire multi-camera system, which will be quite expensive.

 

Frequently Asked Questions

Ans: The Automotive Camera Market size was valued at USD 7.96 billion in 2023 and is expected to reach USD 18.09 billion by 2031, and grow at a CAGR of 10.75%.

The forecast period of Automotive Camera Market is 2024-2031.

The major players are Continental (Germany), Robert Bosch (Germany), Valeo (France), Aptiv (Ireland), ADA-ES Inc. (U.S.), Allied Vision Technologies (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc (Sweden), Delhi Automotive PLC (U.K.), Denso Corporation (Japan), and others in the final report.

The APAC region is dominating the market.

  • The high demand for the product, particularly in passenger cars, is likely to boost industry size.
  • The rising use of complementary metal-oxide-semiconductor (CMOS) image sensors in-vehicle cameras is driving market expansion.

TABLE OF CONTENTS

1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges

5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Global Automotive camera Market Segmentation, by Camera Type
9.2    Introduction
9.2 Trend Analysis
9.3 Digital camera
9.4 Infrared camera
9.5 Thermal camera

10. White Box Server Market Segmentation, by Vehicle Type
10.1 Introduction
10.2 Trend Analysis
10.3 Passenger Cars
10.4 Commercial Cars

11. White Box Server Market Segmentation, by Application Type
11.1 Introduction
11.2 Trend Analysis
11.3 Lane Departure Warning
11.4 Blind Spot Detection
11.5 Adaptive Cruise Control
11.6 Park Assist System
11.7 Pedestrian Detection
11.8 Night vision
11.9 Road Sign Recognition
11.10 Driver Monitoring

12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Poland
12.3.1.2 Romania
12.3.1.3 Hungary
12.3.1.4 Turkey
12.3.1.5 Rest of Eastern Europe
12.3.2 Western Europe
12.3.2.1 Germany
12.3.2.2 France
12.3.2.3 UK
12.3.2.4 Italy
12.3.2.5 Spain
12.3.2.6 Netherlands
12.3.2.7 Switzerland
12.3.2.8 Austria
12.3.2.9 Rest of Western Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Vietnam
12.4.6 Singapore
12.4.7 Australia
12.4.8 Rest of Asia Pacific
12.5 The Middle East & Africa
12.5.1 Middle East
12.5.1.1 UAE
12.5.1.2 Egypt
12.5.1.3 Saudi Arabia
12.5.1.4 Qatar
12.5.1.5 Rest of the Middle East
11.5.2 Africa
12.5.2.1 Nigeria
12.5.2.2 South Africa
12.5.2.3 Rest of Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Colombia
12.6.4 Rest of Latin America

13. Company Profiles
13.1 Continental
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Robert Bosch
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Valeo
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Aptiv
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 ADA-ES
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Allied Vision Technologies
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Autoliv, Inc
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Delhi Automotive PLC
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Denso Corporation
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Others
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View

14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions

15. Use Case and Best Practices

16. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone