Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Majority of automakers are focusing on adding advanced camera technologies to automotives because more and more people want safer, more convenient, and better driving experiences. Regulations, new technologies, and changing customer tastes are just a few of the things that affect the market trends of the automotive camera business.
One of the main things driving the automotive camera market forward is the need to meet regulatory standards. Governments all over the world are enforcing strict safety rules that say all cars must have advanced driving aid systems (ADAS). A lot of ADAS features, like monitoring the lane, preventing accidents, and stopping automatically in an emergency, depend on cameras. The demand for car cams has gone up because the government is doing more. It has also changed the way the market works by pushing players to compete with each other and come up with new ideas.
One more thing that is changing the market for automotive cams is how technology is getting better. Images sensors, image processing algorithms, and connection options have come a long way very quickly. This has made it possible to create more complex camera systems that work better and have more features. Increasingly common are high-resolution cams, virtual reality screens, and 360-degree view features that make driving more enjoyable and safer overall. According to market research, the automotive camera market will continue to grow and change as new technologies come out.
A big part of how the market for automotive cams changes is how consumers choose to use them. More people are paying attention to safety features and wanting connected vehicles, so people are actively looking for automotives with advanced camera systems. Multiple cams have been added to automotives because people want features like driving help, surround-view tracking, and motion recognition. There is a lot of competition in the market for automotive cameras because of this desire from customers.
A growing trend toward self-driving and electric automotives is also changing the way the market works. Cameras are an important part of vision systems that let automotives "see" and understand their surroundings as the auto industry moves toward automation. The growing number of self-driving automotives is expected to increase the need for automobile cams, which will change the market even more. The growing market for electric automotives adds another layer of complexity. This is because many electric vehicles come with high-tech camera systems that improve safety and increase energy economy.
Traditional automakers and tech companies are both competing harder for market share in the automotive camera market. Established companies are putting a lot of money into research and development to stay on the cutting edge of new ideas, while new companies bring in new ideas and tools that change the way things are done. Competitive conditions encourage ongoing improvements in automotive camera technologies, which helps the market grow and become more diverse.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | By Technology, By End Market, By Application, By Vehicle type |
Automotive Camera Market Highlights:
Automotive Camera Market Overview
The Automotive Camera Market Size is expected to reach USD 21821.03 Million by the end of the Automotive Camera Industry Analysis, registering a CAGR of 19.47% during the forecast period. The market was valued at USD 21821.03 Million during the historic Automotive Camera Market Analysis. The Automotive Camera is an onboard camera that is designed to record the highest quality video to increase visibility and improve the driver's safety. These cameras are primarily used to aid drivers with parking, evaluating vehicle performance, providing night vision, and gathering vital evidence. Furthermore, complex computer vision algorithms are built into them, which extract useful data from taken photos to help the driver for a variety of objectives, and they play a critical part in advanced driver assistance systems (ADAS).
Due to an increase in automobile sales and advancements in camera sensors, the Automotive Camera Market Share is likely to grow at a significant rate. Furthermore, an increase in the number of road fatalities is expected to boost the Automotive Camera Market Growth. Furthermore, sociological factors such as a rise in public awareness of road safety and the government's execution of severe road safety rules are expected to drive Automotive Camera Market Trends expansion. For safety purposes, an automotive camera is a camera mounted on the front, rear, or inside of a car. Image sensors in camera modules are linked to electronic components in cars.
Market Dynamics
-
Drivers
Because of the rising incidence of road accidents around the world, demand for safety features such as parking assistance, collision avoidance, lane departure warning (LDW), traction control, electronic stability control, tire pressure monitoring, airbags, and telematics is increasing. Advanced driver assistance systems (ADAS) use integrated radar and camera systems to detect and classify objects on the road and advise drivers accordingly. In the event of a collision, these systems can also automatically decelerate or stop the car. In recent years, there has been a considerable increase in the number of people killed in car accidents. According to the WHO's 2020 reports, about 1.35 million people die each year in road accidents around the world. The Automotive Camera Market Share and Automotive Camera Market Size are increasing as a result. Furthermore, traffic accidents claim the lives of more teenagers than any other age group. As a result, the expansion of the automotive camera and integrated radar and camera market is fueled by the demand for safety features. The market's growth is being fueled by the expanding influence of the New Car Assessment Program (NCAP), rising demand for premium automobiles, and increased demand for safety features.
-
Restraints
The expensive cost of installing safety systems in automobiles is likely to stifle Automotive Camera Market Growth and Automotive Camera Market Trends in the automotive camera and integrated radar and camera industry, as it raises vehicle costs. Including premium capabilities in vehicles comes at a cost to consumers in the form of hardware, apps, and telecom service fees, slowing the growth of the automotive camera and integrated radar and camera market. Furthermore, due to the presence of various electrical components and sensors, servicing such cars is a difficult procedure that necessitates the use of professional workers. Furthermore, the expensive cost of the systems has slowed market expansion marginally. ADAS, such as adaptive cruise control (ACC), forward collision warning system (FCWS), and automatic emergency braking (AEB), necessitate the installation of 3 to 6 cameras and numerous sensors on the vehicle. As a result, the market's expansion is projected to be hampered by high beginning costs and a complex structure.
-
Technology Analysis
Vehicles equipped with electric, hybrid, and solar energy systems are beginning to supplant internal combustion engines and fuel-fed engines as a result of technological improvements. The advancement of autonomous technologies and advancements in ADAS systems have begun to boost user engagement while reducing the necessity for direct control of the vehicle. This has primarily been made possible by the development of onboard navigation systems. Manufacturers are shifting their focus away from hardware and toward complicated software, such as ADAS, in the development of mobility technologies. Vehicle makers are seeking to bring more innovations while improving the safety of cars and occupants as the role of software grows. As a result, the growing number of technological advancements and improvements in ADAS is opening up a plethora of prospects for the automotive camera and integrated radar and camera markets.
Segment Overview
The Automotive Camera Market Report has been bifurcated into various segments that will help the market to achieve the highest CAGR during the forecast period. The market segments are as follows:
Based on the Camera Type, the market has been segmented as follows:
- Digital camera
- Thermal camera
- Infrared camera
Based on the Vehicle Type, the market has been segmented as follows:
- Passengers car
- Commercial vehicles
Based on the Application Type, the market has been segmented as follows:
- Lane Departure Warning
- Adaptive Cruise Control
- Blind Spot Detection
- Park Assist System
- Night Vision
- Pedestrian Detection
- Road Sign Recognition
- Driver Monitoring
Based on the Region, the market has been segmented as follows:
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
Regional Classification
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 cars in Germany, the United Kingdom, France, and Italy are expected to rise dramatically. In light of fast industrialization and rising automobile manufacturing, Asia Pacific will see significant growth, particularly in China, India, Japan, Thailand, Malaysia, and South Korea. Furthermore, increased disposable income and a good standard of living among customers would drive the Automotive Camera Market Revenue forward.
Competitive Landscape
Due to the presence of numerous regional companies, the automobile camera industry is highly fragmented. Several large corporations have amassed significant market share. To increase their market share and profitability, these companies are focused on strategic collaboration efforts. The major key players in the market are as follows:
- ADA-ES Inc. (U.S.)
- Allied Vision Technologies (Germany)
- Ballif (Germany)
- Basler AG (Germany)
- Autoliv, Inc (Sweden)
- Delhi Automotive PLC (U.K.)
- Denso Corporation (Japan)
- Robert Bosch GmBH (Germany)
- Valeo S.A. (France)
- TRW Automotive (U.S.)
Recent Developments
- Aptiv PLC and Hyundai Motor Co., a South Korean automaker, have formed a joint venture to develop autonomous vehicles for the commercialization of level 4 and level 5 self-driving technology. The joint venture deal may allow the corporation to enhance its capabilities in South Korea's autonomous car sector.
- For applications such as advanced driver assistance systems (ADAS) and autonomous driving, Bosch developed the MPC3 mono video camera. More efficient recognition is needed the new camera employs a multi-path method and artificial intelligence (AI).
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
