Automotive Camera Market
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.
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
- Lane Departure Warning Systems
- Blind Spot Warning
- Driver Monitoring Systems
- Rear-View Cameras
- 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)
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Methodology
- Regional Split of Primary & Secondary Research
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumptions for the Study
- Market Breakdown & Data Triangulation
- Executive Summary
- Industry Insight and Growth Strategy
- Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Expanding Automotive Production Worldwide
- Stringent Government Regulations For Safety Norms
- Restraints
- High Cost Of Advanced Camera Systems Installations
- Opportunities
- Negative Impact of the COVID-19 Pandemic Outbreak
- Challenges
- Rising Demand For Electric Battery Vehicles
- Advancements And Innovations In The Camera Technology
- Growth Drivers
- Recent Developments
- Porter’s Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Intensity of Rivalry
- Threat of New Entrants
- Threat of Substitutes
- Automotive Camera Market Overview
- Market Estimates & Forecast by Value, 2018-2028
- Market Share & Forecast, by Segment
- By Technology
- Digital Cameras
- Infrared Cameras
- Thermal Cameras
- By Application
- Park Assist
- ADAS
- Lane Departure Warning Systems
- Blind Spot Warning
- Driver Monitoring Systems
- Rear-View Cameras
- 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)
- By Technology
- North America Automotive Camera Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2018-2028
- Market Share and Forecast
- By Technology
- By Application
- By View Type
- By Vehicle Type
- By Level of Autonomy
- By Country
- U.S.
- Canada
- Market Size and Forecast
- Europe Automotive Camera Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2018-2028
- Market Share and Forecast
- By Technology
- By Application
- By View Type
- By Vehicle Type
- By Level of Autonomy
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Market Size and Forecast
- APAC Automotive Camera Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2018-2028
- Market Share and Forecast
- By Technology
- By Application
- By View Type
- By Vehicle Type
- By Level of Autonomy
- By Country
- China
- India
- Japan
- South Korea
- Rest of APAC
- Market Size and Forecast
- LATAM Automotive Camera Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2018-2028
- Market Share and Forecast
- By Technology
- By Application
- By View Type
- By Vehicle Type
- By Level of Autonomy
- By Country
- Mexico
- Brazil
- Rest of LATAM
- Market Size and Forecast
- MEA Automotive Camera Market Overview
- Market Size and Forecast
- By Value (USD Billion), 2018-2028
- Market Share and Forecast
- By Technology
- By Application
- By View Type
- By Vehicle Type
- By Level of Autonomy
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- Market Size and Forecast
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share / Ranking Analysis (2021)
- Competitive Benchmarking, By Operating Parameters
- Impact of COVID-19 on Automotive Camera Market
- Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- 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
- Other Prominent Players
- 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
- Lane Departure Warning Systems
- Blind Spot Warning
- Driver Monitoring Systems
- Rear-View Cameras
- 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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