The global demand for Automotive Camera Market is presumed to reach the valuation of nearly USD 19.9 MN by 2030 from USD 7.72 MN in 2022 with a CAGR of 12.56% under the study period of 2023 - 2030.
The automotive camera functions to transfer a live video stream from one side of the vehicle to an in-vehicle display offering a rearview to the driver. Through rearview, it assists the driver for parking, maneuvering, and assesses the vehicle performance. Automotive camera systems play a crucial role in the most recent applications like forward collision warning system (FCWS), lane departure warning systems (LWDS), and blind-spot warning (BSW). It can be furthermore embedded with advanced computer vision algorithms. It serves as a replacement for a conventional mechanical wing mirror. It is a crucial component of advanced driver assistance systems.
Market Dynamics
Increasing vehicle production, government security standards, and buyer interest for more secure vehicles fuel the global automotive camera market growth. Government regulatory bodies are mandating vehicles and pedestrians safety features to reduce the probability of road accidents, boosting the adoption of automotive cameras both in light and heavy commercial vehicles. Camera systems are being deployed in an ever-increasing range of vehicles to assist drivers and augment the driving experience. Advances in camera systems allow automotive manufacturers to reimagine the vehicle silhouette through the replacement of traditional features like wing mirrors. The rising penetration of EVs and the emergence of autonomous vehicles are projected to propel market growth opportunities. However, short serving life and increase maintenance call is anticipated to hinder the growth of market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of automotive camera.
Market Segmentation
The entire automotive camera market has been sub-categorized into application, technology and vehicle type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Vehicle Type
- Commercial Vehicle
- Passenger Cars
By View Type
- Single View System
- Multi-Camera System
By Technology
- Digital Camera
- Infrared Camera
- Thermal Camera
By Application
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for automotive camera market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Automotive Camera Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive camera market include Robert Bosch, Aptiv, Magna International Inc., Intel (Mobileye), Clarion, DENSO Corporation, Valeo, Continental AG, Autoliv Inc., Ficosa, Gentex Corporation, Autoliv Inc., Panasonic. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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