Automotive Camera Market Analysis

Vehicle Type (Passenger Cars, Commercial Vehicles)

The passenger cars segment in the automotive camera market is anticipated to hold 72% of the revenue share during the forecast period. With rising adoption of active safety systems leveraging camera-based ADAS applications in mid prices range cars. In view of improving road safety standards, supporting legislation, and consumer education, governments from developed and developing countries plan to mandate advanced driver assistance systems in passenger cars. Moreover, major developing countries such as China, India, Thailand and Brazil have witnessed an increase in their country's GDP per capita, growing disposable income and improving living standards. This has led to a growing demand for luxury vehicles, which are usually equipped with standard features of the ADA and parking assistance applications, from the lower grades onwards. China's luxury vehicle dealers sold 277,000 vehicles in April 2020 representing an increase of 11.1% compared to April 2019, according to a report by the Chinese association of car dealers. In April 2020, the sales of luxury cars accounted for 18.7% of the market, a growth of 3.6% compared to April 2019, and up slightly by 0.4% from March.

Technology (Mono Cameras, Stereo Cameras, Infrared Cameras)

The stereo cameras segment is anticipated to hold 38% share of the automotive camera market during the forecast period. Two cameras accurately measuring distances between obstacles and the vehicle are part of a stereo camera. The correct functioning of various advanced driver assistance systems applications, e.g. lane departure warnings, collision warning, and adaptive cruise control, is ensured by stereo cameras. Consequently, it is expected that their dominant position will be maintained during this forecast period by increasing the use of single camera systems in automated driver and collision detection devices.

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