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Automotive Camera Module Market

Automotive Camera Module Market Size, Share and Segmentation by Vehicle Type (Passenger car, Commercial vehicle), By Technology (Digital, Infrared, Thermal), by Application (Lane Departure Warning (LDW), Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), Park Assist (PA), Autonomous Emergency Braking (AEB)), by Distribution Channel (OEM, Aftermarket), by Regions and Global Market Forecast 2020-2028

Report Id: SNS/AUTO/1204 | May 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Automotive Camera Module Market Size was valued at USD 37.74 billion in 2021 and is expected to reach USD 78.74 billion by 2028 and grow at a CAGR of 11% over the forecast period 2022-2028.

Automotive cameras and camera modules are used to increase visibility and thereby improve drivability. These cameras are generally used to assist drivers with parking, vehicle performance evaluation, night vision, and capturing crucial vehicle data. Furthermore, they include powerful computer vision algorithms that extract relevant data from captured visuals to assist the driver with a number of tasks including parking, driving in low-light conditions, and others, and they also play a key role in advanced driver assistance systems (ADAS).

Automotive Camera Module Market Revenue Graph

The lens, control electronics, actuators, and PCB make up the vehicle camera and camera module. The sensor converts the light from the lens into an electrical signal, which is then transformed into a digital signal via internal A/D. An automotive camera's goal is to enhance a driver's situational awareness and road safety. The cameras can detect, identify, and evaluate pedestrians, autos, bicycles, and other items. Furthermore, the camera enhances the overall driving experience while reducing the risk of an accident.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Reduced camera pricing.

  • In the automotive business, there is a growing demand for autonomous technologies.

  • The market for automotive camera modules is predicted to expand due to increased innovation.

  • Use and integration of new technologies into a range of businesses automotive cameras have become cheaper.       

RESTRAINTS: 

  • Camera module replacement is a time-consuming task that could stifle future business expansion.

  • The operational flaws in the cameras are another key stumbling block.

  • Device miniaturization leads to increased design complexity.

OPPORTUNITIES: 

  • The rise in the usage of image sensors in enhanced medical imaging solutions.

  • Growth in the adoption of high-resolution cameras integrated with image sensors in mobile devices.

  • Development in the adoption of image cameras for automotive applications.

  •  The adoption of new technologies is projected to boost the market's expansion.

CHALLENGES: 

  • Difficulty due to disruptions in end-use categories which resulted in a drop in the shipment volume of camera modules.

  • The camera industry's specs and configurations were also downgraded.

  • During the COVID-19 outbreak, the output of digital still cameras also fell dramatically.

IMPACT OF COVID-19:

COVID-19 has presented the globe with an unprecedented economic, humanitarian, and healthcare dilemma. Furthermore, because of the pandemic's rapid spread around the world, demand and supply chains for a number of commodities came to a halt due to a lack of transportation. Furthermore, practically all non-essential retail stores have been forced to close around the world, affecting sales of car cameras and camera modules. However, the automotive camera manufacturers' increased attention to developing revolutionary camera technologies throughout the pandemic is projected to fuel the growth of the automotive camera & camera module market in the near future.

KEY MARKET PLAYERS:

The automotive camera and camera module market is dominated by the following companies. Aptiv PLC, Omnivision Technologies Inc, Continental AG, DENSO Corporation, Veoneer Inc., Ficosa Internacional SA, Mobileye,  Intel Corporation, Robert Bosch GmbH, Autoliv Inc, Magna International Inc., ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., Valeo, and AEI Inc. 

MARKET ESTIMATION: 

Market, By Vehicle Type:

The market has been divided into two categories based on Vehicle type: Passenger cars and commercial cars. Due to the positive demand for passenger vehicles equipped with ADAS sensors as well as autonomous automobiles, the passenger vehicle division is predicted to have the biggest market share.

Market, By Technology:

The market has been divided into three categories based on technology: digital, infrared, and thermal. Due to the employment of such devices in night vision systems and their use in unfavorable weather situations such as fog and rain. Over the forecast period, the thermal camera section is expected to grow at the fastest rate. The infrared segment is also predicted to increase rapidly throughout the projection period, owing to the use of infrared camera technology in driverless vehicles.

Market, By Application:

Lane Departure Warning (LDW), Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), Park Assist (PA), and Autonomous Emergency Braking (AEB) are among the market's applications. Park assist systems, which are currently installed in many vehicles, are expected to hold the largest market share. The use of LDW applications is increasing, and this category is likely to rise significantly throughout the forecast period.

Market, By Distribution Channel:

The market has been divided into two categories based on Distribution channels: OEM and Aftermarket. An original equipment manufacturer (OEM) develops systems or components for use in another company's final product. OEM components like processors and software are regularly included or integrated into computer manufacturers' systems.

MARKET SEGMENTATION:

By Vehicle type:

  • Passenger car

  • Commercial vehicle

By Technology:

  • Digital

  • Infrared

  • Thermal

By Application:

  • Lane Departure Warning (LDW)

  • Blind Spot Detection (BSD)

  • Adaptive Cruise Control (ACC)

  • Park Assist (PA)

  • Autonomous Emergency Braking (AEB)

By Distribution Channel:

  • OEM

  • Aftermarket

Automotive Camera Module Market Segment Chart

REGIONAL ANALYSIS:

The regional analysis of the worldwide automotive camera market is being researched for Asia Pacific, North America, Europe, and the Rest of the World. Because of its high-speed connectivity, North America is expected to dominate the industry. Europe is another important market for products, and the installation of safety technology in passenger automobiles in Germany, the United Kingdom, France, and Italy will rise dramatically. In light of growing industrialization and rising vehicle manufacturing, Asia Pacific will see significant growth, particularly in China, India, Japan, Thailand, Malaysia, and South Korea.

In 2020, the European market held a major part of the market and is predicted to develop at the fastest CAGR in the coming years. This is primarily due to product manufacturers' substantial presence in Germany, the United Kingdom, France, and Ireland. In addition, the region is an automotive hub with high-end passenger car manufacturing, which propels regional market expansion even further.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Camera Module Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 37.74  Billion
Market Size by 2028 US$ 78.74 Billion
CAGR CAGR of 11% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Vehicle Type (Passenger car, Commercial vehicle)
• By Technology (Digital, Infrared, Thermal)
• by Application (Lane Departure Warning (LDW), Blind Spot Detection (BSD), Adaptive Cruise Control (ACC), Park Assist (PA), Autonomous Emergency Braking (AEB))
• by Distribution Channel (OEM, Aftermarket)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Aptiv PLC, Omnivision Technologies Inc, Continental AG, DENSO Corporation, Veoneer Inc., Ficosa Internacional SA, Mobileye,  Intel Corporation, Robert Bosch GmbH, Autoliv Inc, Magna International Inc., ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., Valeo, and AEI Inc. 
Key Drivers •Reduced camera pricing.

•In the automotive business, there is a growing demand for autonomous technologies.
RESTRAINTS •Camera module replacement is a time-consuming task that could stifle future business expansion.

•The operational flaws in the cameras are another key stumbling block.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Camera Module Market Segmentation, by Vehicle type

8.1 Passenger car

8.2 Commercial vehicle

 

9. Global Automotive Camera Module Market Segmentation, by Technology

9.1 Digital

9.2 Infrared

9.3 Thermal

 

10. Global Automotive Camera Module Market Segmentation, by Application

10.1 Lane Departure Warning (LDW)

10.2 Blind Spot Detection (BSD)

10.3 Adaptive Cruise Control (ACC)

10.4 Park Assist (PA)

10.5 Autonomous Emergency Braking (AEB)

 

11. Global Automotive Camera Module Market Segmentation, by Distribution Channel

11.1 OEM

11.2 Aftermarket

 

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  Germany

12.3.2  UK

12.3.3  France

12.3.4  Italy

12.3.5  Spain

12.3.6  The Netherlands

12.3.7  Rest of Europe

12.4 Asia-Pacific

12.4.1  Japan

12.4.2  South Korea

12.4.3  China

12.4.4  India

12.4.5  Australia

12.4.6  Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6 Latin America

12.6.1  Brazil

12.6.2  Argentina

12.6.3  Rest of Latin America

 

13.Company Profiles

13.1 Continental AG (Germany)

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Aptiv PLC

13.3 Omnivision Technologies Inc

13.4 DENSO Corporation

13.5 Veoneer Inc.

13.6 Ficosa Internacional SA

13.7 Mobileye

13.8 Intel Corporation

13.9 Robert Bosch GmbH

13.10 Autoliv Inc

13.11 Magna International Inc.

13.12 ZF Friedrichshafen AG

13.13 Hyundai Mobis Co., Ltd.

13.14 Valeo

13.15 AEI Inc. 

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete 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 a stage wherein we can provide our clients best and most accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining 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 universities 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 accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment 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-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.

Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with 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.

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