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Automotive Camera Market
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Automotive Camera Market

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Automotive Camera Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Technology (Digital Cameras, Infrared Cameras, Thermal Cameras), By Application (Park Assist, ADAS), By View Type (Mono Cameras, Surround-View Cameras, Rear-View Cameras), By Vehicle Type (Passenger Cars, Light Commercial Vehicles), By Level Of Autonomy (L1 Camera Units, L2 & L3 Camera Units, L4 Camera Units, L5 Camera Units), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: March 2022
  • Report ID: BWC22063
  • Available Format: PDF
  • Page: 189

Report Overview

The automotive camera market is gaining significant traction owing to the expanding manufacturing and production of automobiles along with rising demand for electric vehicles and government regulations and safety norms for ensuring the safety of the vehicle riders.

Global Automotive Camera Market- Industry Trends & Forecast Report 2028

The automotive camera market was worth USD 6.5 billion in 2021 and is further projected to reach USD 12.7 billion by the year 2028, growing at a CAGR of more than 10% during the forecast period. The expanding manufacturing and production of automobiles along with rising demand for electric vehicles and government regulations and safety norms for ensuring the safety of the vehicle riders is significantly propelling the growth of the automotive camera market. Furthermore, the adoption of advanced camera technologies in automobiles is projected to drive market growth in the forecast period.

Automotive Camera Market

Global Automotive Camera - Overview

The automotive camera is installed both inside and outside of the vehicles to provide high-quality images and videos. These cameras assist in human as well as machine vision to enhance visibility around the environment and boost the driver’s safety. The cameras with sensors are also being used specifically for imaging algorithms for driver’s assistance and further enhance safety. Various types of cameras are in application in the automobile industry including driver monitoring systems (DMS), high-resolution thermal cameras, rearview cameras, etc.

Global Automotive Camera Market Forecast and Trends

Growth Drivers

Expanding Automotive Production Worldwide

The increasing automobile production around the world due to rising market demand is emerging as one of the major driving factors for the growth of the automotive cameras market. The leading automotive OEMs are significantly investing in expanding their production output to meet the global demand. In 2020 alone, around 78 million vehicles were produced worldwide, according to the data revealed by the Organization Internationale des Constructeurs d'Automobiles (OICA). Due to this, the demand for automotive cameras is also increasing.

Stringent Government Regulations For Safety Norms

According to the data by the World Health Organization, approximately 1.3 million people die each year as a result of road traffic crashes ( as of June 2021). Therefore, the governments of various countries are laying strict road safety regulations to minimize the casualties. Several countries are making the installation of automotive cameras mandatory in all types of vehicles running on their roads. This is to provide a wider dynamic and vision to the driver and reduce the chances of accidents. This is anticipated to duel the demand for automotive cameras in the forecast period.

Restraints

High Cost of Advanced Camera Systems Installations

The high cost of advanced cameras that are used in the automotive industry acts as a huge restraining factor for the growth of the automotive camera industry. The cameras are extremely expensive due to the integration of sensitive equipment installed in them such as lenses, sensors, mirrorless cameras, etc., which boosts their price. Furthermore, the extensive research and development activities involved in bringing innovations and advancements into the camera technology are also fueling its prices, further restricting its market growth.

Impact of COVID-19 on Automotive Camera Market

The sudden COVID-19 pandemic outbreak directly impacted the growth of the entire automotive industry by halting its operations. The restrictions on the manufacturing and production operations due to lockdown due to the increasing number of COVID-19 infections resulted in a plunge in the demand for automotive cameras. Furthermore, the shortage of components and partial lockdown in different parts of the world created hindrance in the import and exports and supply of raw materials, which is also restricting the growth of the market.

Global Automotive Camera Market - By Technology

Based on technology, the automotive camera market is segmented into digital cameras, infrared cameras, and thermal cameras. The digital camera segment accounts for the largest market share owing to its wide range of applications including lane departure warning signals, forward collision warning systems, blind-spot warning, etc. However, thermal cameras are projected to witness the highest growth rate during the forecast period due to their rising application in detecting moisture, dirt, vibrations, extreme heat or cold, etc., in smart electric vehicles.

Global Automotive Camera Market - By Level of Autonomy

Based on the level of autonomy, the automotive camera market is segmented into L1 camera units, L2 & L3 camera units, L4 camera units, and L5 camera units. The L2 and L2 camera units hold the largest share in the market. The automobile OEMs often opt for the partial and conditional levels of autonomy especially for times of emergency and provide sufficient control to the driver as well as conditional autonomy to take critical safety functions.

Global Automotive Camera Market - Regional Insights

Geographically, the automotive camera market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America dominates the automotive camera market owing to the high demand for luxury vehicles and electric cars embedded with innovative technologies and smart features. The stringent government regulations to maximize the safety of the drivers also act as a favorable factor for the growth of the market in this region. Europe also covers a substantial market share owing to the presence of leading automobile manufacturers in this region.

Competitive Landscape

The leading market players of the automotive camera market are Gentex Corporation, Ricoh, Continental AG, Panasonic Corporation, Autoliv Inc., ZF Friedrichshafen AG, Hella KGaA Hueck & Co., Magna International Inc., Bosch Mobility Solutions, Valeo SA, Ambarella, Omnivision Technologies Inc., Denso Corporation, Delphi Automotive PLC, Mobileye, Veoneer, Robert Bosch GmbH, TRW Automotive, and other prominent players.

The market is highly fragmented with the presence of several multinational as well as regional industry players. The companies offer a wide range of products to grab a larger market share and constantly launch new products embedded with advanced technologies. They also significantly invest in r&d activities to innovate their offerings and gain a competitive edge. Furthermore, the adoption of competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc.

Recent Development

  • In January 2022, Arrow Electronics Inc., a US-based information technology and services company, announced it had signed an agreement with Appletec, an Israeli company, for the production of a wide range of compact camera modules (CCMs).
  • In January 2022, Owl Autonomous Imaging, US-based thermal imaging, and ranging solutions provider announced it had raised USD 15 million in Series A funding led by State Farm Ventures.

Scope of the Report

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Technology, By Application, By View Type, By Vehicle Type, By Level Of Autonomy, By Region
Key Players Gentex Corporation, Ricoh, Continental AG, Panasonic Corporation, Autoliv Inc., ZF Friedrichshafen AG, Hella KGaA Hueck & Co., Magna International Inc., Bosch Mobility Solutions, Valeo SA, Ambarella, Omnivision Technologies Inc., Denso Corporation, Delphi Automotive PLC, Mobileye, Veoneer, Robert Bosch GmbH, TRW Automotive, and other prominent players.

 

By Technology

  • Digital Cameras
  • Infrared Cameras
  • Thermal Cameras

By Application

  • Park Assist
  • ADAS
  1. Lane Departure Warning Systems
  2. Blind Spot Warning
  3. Driver Monitoring Systems
  4. Rear-View Cameras
  5. Others

By View Type

  • Mono Cameras
  • Surround-View Cameras
  • Rear-View Cameras

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles

By Level Of Autonomy

  • L1 Camera Units
  • L2 & L3 Camera Units
  • L4 Camera Units
  • L5 Camera Units

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Expanding Automotive Production Worldwide
        2. Stringent Government Regulations For Safety Norms
      2. Restraints
        1. High Cost Of Advanced Camera Systems Installations
      3. Opportunities
        1. Negative Impact of the COVID-19 Pandemic Outbreak
      4. Challenges
        1. Rising Demand For Electric Battery Vehicles
        2. Advancements And Innovations In The Camera Technology
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Automotive Camera Market Overview
    1. Market Estimates & Forecast by Value, 2018-2028
    2. Market Share & Forecast, by Segment
      1. By Technology
        1. Digital Cameras
        2. Infrared Cameras
        3. Thermal Cameras
      2. By Application
        1. Park Assist
        2. ADAS
          1. Lane Departure Warning Systems
          2. Blind Spot Warning
          3. Driver Monitoring Systems
          4. Rear-View Cameras
          5. Others
      3. By View Type
        1. Mono Cameras
        2. Surround-View Cameras
        3. Rear-View Cameras
      4. By Vehicle Type
        1. Passenger Cars
        2. Light Commercial Vehicles
      5. By Level Of Autonomy
        1. L1 Camera Units
        2. L2 & L3 Camera Units
        3. L4 Camera Units
        4. L5 Camera Units
      6. By Region
        1. North America
        2. Europe
        3. Asia-Pacific (APAC)
        4. Latin America (LATAM)
        5. Middle-East & Africa (MEA)
  6. North America Automotive Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Technology
      2. By Application
      3. By View Type
      4. By Vehicle Type
      5. By Level of Autonomy
      6. By Country
        1. U.S.
        2. Canada
  7. Europe Automotive Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Technology
      2. By Application
      3. By View Type
      4. By Vehicle Type
      5. By Level of Autonomy
      6. By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Netherlands
        7. Rest of Europe
  8. APAC Automotive Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Technology
      2. By Application
      3. By View Type
      4. By Vehicle Type
      5. By Level of Autonomy
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Automotive Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Technology
      2. By Application
      3. By View Type
      4. By Vehicle Type
      5. By Level of Autonomy
      6. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Automotive Camera Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2018-2028
    2. Market Share and Forecast
      1. By Technology
      2. By Application
      3. By View Type
      4. By Vehicle Type
      5. By Level of Autonomy
      6. By Country
        1. Saudi Arabia
        2. UAE
        3. South Africa
        4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share / Ranking Analysis (2021)
    3. Competitive Benchmarking, By Operating Parameters
  12. Impact of COVID-19 on Automotive Camera Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Gentex Corporation
    2. Ricoh
    3. Continental AG
    4. Panasonic Corporation
    5. Autoliv Inc.
    6. ZF Friedrichshafen AG
    7. Hella KGaA Hueck & Co.
    8. Magna International Inc.
    9. Bosch Mobility Solutions
    10. Valeo SA
    11. Ambarella
    12. Omnivision Technologies Inc.
    13. Denso Corporation
    14. Delphi Automotive PLC
    15. Mobileye
    16. Veoneer
    17. Robert Bosch GmbH
    18. TRW Automotive
    19. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Automotive Camera Market Segmentation

 

Figure 2: Automotive Camera Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2021

 

Figure 4: Automotive Camera Market Size, By Value (USD Billion), 2018-2028

 

Figure 5: Automotive Camera Market Share (%), By Technology, By Value, 2018-2028

 

Figure 6: Automotive Camera Market Share (%), By Application, By Value, 2018-2028

 

Figure 7: Automotive Camera Market Share (%), By View Type, By Value, 2018-2028

 

Figure 8: Automotive Camera Market Share (%), By Vehicle Type, By Value, 2018-2028

 

Figure 9: Automotive Camera Market Share (%), By Level of Autonomy, By Value, 2018-2028

 

Figure 10: Automotive Camera Market Share (%), By Region, By Value, 2018-2028

 

Figure 11: North America Automotive Camera Market Size, By Value (USD Billion), 2018-2028

 

Figure 12: North America Automotive Camera Market Share (%), By Technology, By Value, 2018-2028

 

Figure 13: North America Automotive Camera Market Share (%), By Application, By Value, 2018-2028

 

Figure 14: North America Automotive Camera Market Share (%), By View Type, By Value, 2018-2028

 

Figure 15: North America Automotive Camera Market Share (%), By Vehicle Type, By Value, 2018-2028

 

Figure 16: North America Automotive Camera Market Share (%), By Level of Autonomy, By Value, 2018-2028

 

Figure 17: North America Automotive Camera Market Share (%), By Country, By Value, 2018-2028

 

Figure 18: Europe Automotive Camera Market Size, By Value (USD Billion), 2018-2028

 

Figure 19: Europe Automotive Camera Market Share (%), By Technology, By Value, 2018-2028

 

Figure 20: Europe Automotive Camera Market Share (%), By Application, By Value, 2018-2028

 

Figure 21: Europe Automotive Camera Market Share (%), By View Type, By Value, 2018-2028

 

Figure 22: Europe Automotive Camera Market Share (%), By Vehicle Type, By Value, 2018-2028

 

Figure 23: Europe Automotive Camera Market Share (%), by Level of Autonomy, By Value, 2018-2028

 

Figure 24: Europe Automotive Camera Market Share (%), By Country, By Value, 2018-2028

 

Figure 25: Asia-Pacific Automotive Camera Market Size, By Value (USD Billion), 2018-2028

 

Figure 26: Asia-Pacific Automotive Camera Market Share (%), By Technology, By Value, 2018-2028

 

Figure 27: Asia-Pacific Automotive Camera Market Share (%), By Application, By Value, 2018-2028

 

Figure 28: Asia-Pacific Automotive Camera Market Share (%), By View Type, By Value, 2018-2028

 

Figure 29: Asia-Pacific Automotive Camera Market Share (%), By Vehicle Type, By Value, 2018-2028

 

Figure 30: Asia-Pacific Automotive Camera Market Share (%), By Level of Autonomy, By Value, 2018-2028

 

Figure 31: Asia-Pacific Automotive Camera Market Share (%), By Country, By Value, 2018-2028

 

Figure 32: Latin America Automotive Camera Market Size, By Value (USD Billion), 2018-2028

 

Figure 33: Latin America Automotive Camera Market Share (%), By Technology, By Value, 2018-2028

 

Figure 34: Latin America Automotive Camera Market Share (%), By Application, By Value, 2018-2028

 

Figure 35: Latin America Automotive Camera Market Share (%), By View Type, By Value, 2018-2028

 

Figure 36: Latin America Automotive Camera Market Share (%), By Vehicle Type, By Value, 2018-2028

 

Figure 37: Latin America Automotive Camera Market Share (%), By Level of Autonomy, By Value, 2018-2028

 

Figure 38: Latin America Automotive Camera Market Share (%), By Country, By Value, 2018-2028

 

Figure 39: Middle East & Africa Automotive Camera Market Size, By Value (USD Billion), 2018-2028

 

Figure 40: Middle East & Africa Automotive Camera Market Share (%), By Technology, By Value, 2018-2028

 

Figure 41: Middle East & Africa Automotive Camera Market Share (%), By Application, By Value, 2018-2028

 

Figure 42: Middle East & Africa Automotive Camera Market Share (%), By View Type, By Value, 2018-2028

 

Figure 43: Middle East & Africa Automotive Camera Market Share (%), By Vehicle Type, By Value, 2018-2028

 

Figure 44: Middle East & Africa Automotive Camera Market Share (%), By Level of Autonomy, By Value, 2018-2028

 

Figure 45: Middle East & Africa Automotive Camera Market Share (%), By Region, By Value, 2018-2028

 

 

List of Tables

 

 

Table 1: Automotive Camera Market Size, By Technology, By Value, 2018-2028

 

Table 2: Automotive Camera Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 3: Automotive Camera Market Size, By View Type, By Value (USD Billion), 2018-2028

 

Table 4: Automotive Camera Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

 

Table 5: Automotive Camera Market Size, By Level of Autonomy, By Value (USD Billion), 2018-2028

 

Table 6: Automotive Camera Market Size, By Region, By Value (USD Billion), 2018-2028

 

Table 7: North America Automotive Camera Market Size, By Technology, By Value (USD Billion), 2018-2028

 

Table 8: North America Automotive Camera Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 9: North America Automotive Camera Market Size, By View Type, By Value (USD Billion), 2018-2028

 

Table 10: North America Automotive Camera Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

 

Table 11: North America Automotive Camera Market Size, By Level of Autonomy, By Value (USD Billion), 2018-2028,

 

Table 12: Europe Automotive Camera Market Size, By Technology, By Value (USD Billion), 2018-2028

 

Table 13: Europe Automotive Camera Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 14: Europe Automotive Camera Market Size, By View Type, By Value (USD Billion), 2018-2028

 

Table 15: Europe Automotive Camera Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

 

Table 16: Europe Automotive Camera Market Size, By Level of Autonomy, By Value (USD Billion), 2018-2028

 

Table 17: the Asia-Pacific Automotive Camera Market Size, By Technology, By Value (USD Billion), 2018-2028

 

Table 18: the Asia-Pacific Automotive Camera Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 19: the Asia-Pacific Automotive Camera Market Size, By View Type, By Value (USD Billion), 2018-2028

 

Table 20: the Asia-Pacific Automotive Camera Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

 

Table 21: the Asia-Pacific Automotive Camera Market Size, By Level of Autonomy, By Value (USD Billion), 2018-2028

 

Table 22: Latin America Automotive Camera Market Size, By Technology, By Value (USD Billion), 2018-2028

 

Table 23: Latin America Automotive Camera Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 24: Latin America Automotive Camera Market Size, By View Type, By Value (USD Billion), 2018-2028

 

Table 25: Latin America Automotive Camera Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

 

Table 26: Latin America Automotive Camera Market Size, By Level of Autonomy, By Value (USD Billion), 2018-2028

 

Table 27: The Middle-East & Africa Automotive Camera Market Size, By Technology, By Value (USD Billion), 2018-2028

 

Table 28: The Middle-East & Africa Automotive Camera Market Size, By Application, By Value (USD Billion), 2018-2028

 

Table 29: The Middle-East & Africa Automotive Camera Market Size, By View Type, By Value (USD Billion), 2018-2028

 

Table 30: The Middle-East & Africa Automotive Camera Market Size, By Vehicle Type, By Value (USD Billion), 2018-2028

 

Table 31: The Middle-East & Africa Automotive Camera Market Size, By Level of Autonomy, By Value (USD Billion), 2018-2028

Table 32: Gentex Corporation Financial Analysis

Table 33: Gentex Corporation Business Overview

Table 34: Ricoh Financial Analysis

Table 35: Ricoh Business Overview

Table 36: Continental AG Corporation Financial Analysis

Table 37: Continental AG Corporation Business Overview

Table 38: Panasonic Corporation Financial Analysis

Table 39: Panasonic Corporation Business Overview

Table 40: Autoliv Inc. Financial Analysis

Table 41: Autoliv Inc. Business Overview

Table 42: ZF Friedrichshafen AG Financial Analysis

Table 43: ZF Friedrichshafen AG Business Overview

Table 44: Hella KGaA Hueck & Co. Financial Analysis

Table 45: Hella KGaA Hueck & Co.  Business Overview

Table 46: Magna International Inc. Financial Analysis

Table 47: Magna International Inc. Business Overview

Table 48: Bosch Mobility Solutions Financial Analysis

Table 49: Bosch Mobility Solutions Business Overview

Table 50: Valeo SA Financial Analysis

Table 51: Valeo SA Business Overview

Table 52: Ambarella  Financial Analysis

Table 53: Ambarella  Financial Analysis

Table 54: Omnivision Technologies Inc. Financial Analysis

Table 55: Omnivision Technologies Inc. Financial Analysis

Table 56: Denso Corporation Financial Analysis

Table 57: Denso Corporation Financial Analysis

Table 58: Delphi Automotive PLC Financial Analysis

Table 59: Delphi Automotive PLC Financial Analysis

Table 60: Mobileye Financial Analysis

Table 61: Mobileye Financial Analysis

Table 62: Veoneer Financial Analysis

Table 63: Veoneer Financial Analysis

Table 64: Robert Bosch GmbH Financial Analysis

Table 65: Robert Bosch GmbH Financial Analysis

Table 66: TRW Automotive Financial Analysis

Table 67: TRW Automotive Financial Analysis

 

Market Segmentation

By Technology

  • Digital Cameras
  • Infrared Cameras
  • Thermal Cameras

By Application

  • Park Assist
  • ADAS
  1. Lane Departure Warning Systems
  2. Blind Spot Warning
  3. Driver Monitoring Systems
  4. Rear-View Cameras
  5. Others

By View Type

  • Mono Cameras
  • Surround-View Cameras
  • Rear-View Cameras

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles

By Level Of Autonomy

  • L1 Camera Units
  • L2 & L3 Camera Units
  • L4 Camera Units
  • L5 Camera Units

By Region

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Latin America (LATAM)
  • Middle-East & Africa (MEA)
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Frequently Asked Questions (FAQs):

Ans: Global automotive camera market reached USD 6.5 billion in 2021.
Ans: The major factors driving the growth of the automotive camera market are; expanding automotive production worldwide and stringent government regulations for safety norms.
Ans: The key players in the automotive camera market are: Gentex Corporation, Ricoh, Continental AG, Panasonic Corporation, Autoliv Inc., ZF Friedrichshafen AG, Hella KGaA Hueck & Co., Magna International Inc., Bosch Mobility Solutions, Valeo SA, Ambarella, Omnivision Technologies Inc., Denso Corporation, Delphi Automotive PLC, Mobileye, Veoneer, Robert Bosch GmbH, TRW Automotive, and other prominent players.
Ans: The digital cameras segment accounted for the largest share in the automotive camera market.
Ans: North America has the largest share in the automotive camera market.