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Automotive Camera Market Segmentation by Vehicle Type (Passenger Vehicles, and Commercial Vehicles); by Application (Advanced Driver Assistant Systems, Park Assist, and Others); and by Technology (Thermal, Infrared, and Digital) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Automotive Camera Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • February 2020Continental AG announced the construction of a new plant in New Braunfels, Texas. The aim of the new project is to expand the production capacity of radar sensors, which form the basis of advanced driver systems.

Automotive Camera Market Highlights 2022 – 2030

The global automotive camera market is estimated to garner a sizeable revenue and grow at a CAGR of ~12% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the rapidly increasing vehicle production across the globe, and growing sales of electric vehicles worldwide. According to the International Organization of Motor Vehicle Manufacturers, 97.302 million vehicles were produced in the year 2017, which grew by 2.36 percent from the previous year. Along with these, rising imposition of stringent vehicles safety regulations by government and escalating demand for driver assistance features are also expected to drive the market growth in the upcoming years. Furthermore, increase in the production of autonomous cars in order to enhance vehicle safety and luxury is a crucial factor projected to offer abundant opportunities for market growth in the near future.

Automotive Camera Market Graph

market is segmented by application into advanced driver assistant systems, park assist and others, out of which, the advanced driver assistant systems (ADAS) segment is anticipated to witness the highest growth in the global automotive camera market. This can be accounted to the improvement of safety systems, automated adaptation and presence of adaptive features provided by ADAS. Additionally, on the basis of vehicle type, the passenger vehicles segment is predicted to occupy the largest share over the forecast period owing to the rising adoption of automotive safety systems in the mid and economy segment passenger cars. Apart from these, governments of several developed and developing nations are planning to mandate ADAS systems in passenger cars, which in turn is assessed to boost the market segment growth in the future. CLICK TO DOWNLOAD SAMPLE REPORT  

Major Macro-Economic Indicators Impacting the Market Growth

Research & Development Graph

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Automotive Camera Market Regional Synopsis

On the basis of geographical analysis, the global automotive camera market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in the Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the increasing sales and production of electric vehicles, rapid surge in population, and deployment of government policies supporting industrial growth. In the year 2020, more than 1.2 million electric vehicles were sold in China. The sales witness a year-on-year growth of about 8 percent in the country. Moreover, the market in North America is projected to gather a significant share during the forecast period, which can be credited to the increasing demand for luxury vehicles in the U.S. and Canada, and growing installation of ADAS in passenger and commercial vehicles. In addition, strong presence of top autonomous vehicle camera manufacturers in the region is also anticipated to fuel market growth in the future.

The global automotive camera market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global automotive camera market includes the following segments:

By Vehicle Type

  • Passenger Vehicles
  • Commercial Vehicles

By Application

  • Advanced Driver Assistant Systems
  • Park Assist
  • Others

By Technology

  • Thermal
  • Infrared
  • Digital

Growth Drivers

  • Rapidly Increasing Vehicle Production Across the Globe
  • Growing Sales of Electric Vehicles Worldwide

Challenges

  • Limitations in Real-Time Image Processing in Surround View Systems

Top Featured Companies Dominating the Market

  • Robert Bosch GmbH
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Continental AG
  • Denso Corporation
  • Magna International Inc.
  • Mobileye N.V.
  • Omnivision Technologies Inc.
  • Autoliv Inc.
  • STONKAM CO., LTD.
  • Magna International Inc.
  • Intel Corporation

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