Automotive Camera Market

Global Automotive Camera Market

  • AL-3832
  • 4.6 Rating
  • 225 Pages
  • 21-12-2021
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akash

Author:

Akash Vedpathak

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Fact-checked by:

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Editor:

Shreyas Tandon

Automotive Camera Market Market Outlook:

The global automotive camera market was valued at USD 6,435.8 million in 2020 and is projected to reach USD 13,288.7 million by 2028, expanding at a CAGR of 10.6% during the forecast period. The automotive camera market is anticipated to grow substantially during the forecast period, owing to factors such as Increasing vehicle production, government safety norms, consumer demand for safer vehicles and rising sales of EVs are likely to fuel the demand of automotive camera market. The Automotive camera market is segmented into types, applications, sales channels, and regions.

Automotive Camera Market Market Outlook

An increasing number of strategies such as mergers & acquisitions, agreements, partnerships, and product launches among companies to establish themselves as providers of automotive camera are anticipated to create lucrative opportunities in the market in the near future. The rising adoption of various strategies by market players to increase their presence and share in the market is expected to create growth opportunities in the market.

Scope of Automotive Camera Market report:

The report on automotive camera market includes an assessment of the market, size, share, trends, segments, and country markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Automotive Camera Market

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Types (Side View Camera, Rear View Camera, AVMS Camera, Driving Recorder, Others), Applications (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channels (Original Equipment Manufacturer, Aftermarket)

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered

ZF Friedrichshafen AG, Robert Bosch GmbH, LG Electronics, Leopold Kostal GmbH & Co. KG, Valeo, HELLA GmbH & Co. KGaA, Continental AG, STMicroelectronics, Panasonic Corporation of North America
HYUNDAI MOBIS

Macro-economic Factors

Technological Advancement

Development of the advanced driver assistance system has surged the demand for automotive cameras. The applications of automotive cameras for lane detection systems and blind spot detection system have widened owing to technological developments in the automotive industry. Latest market trends such as innovative intelligence safety systems have significantly driven the automotive camera market.

Government Regulations

Governments are attempting to improve passenger safety, which is expected to create new business opportunities. Growing per capita income in the coming years is expected to boost the sale of passenger cars, which subsequently increase the integration of automotive cameras. Need for 360-degree cameras for proper driver assistance and the implementation of favorable government initiatives and stringent regulations are expected to drive the global automotive camera market.

Automotive Industry

Several countries around the globe are investing in improving their automotive infrastructure. Rising development of automotive infrastructure is expected to drive the market. Growing investments in product development and advancement by various companies is propelling the market.

Coronavirus

COVID-19 has negatively impacted on the market due to COVID-19 pandemic it had a severe impact on the global automotive industry. This is witnessed in terms of the supply chain disruptions of part exports from China, large-scale manufacturing interruptions across Europe, and closure of assembly plants in the US and other major countries, such as India and Brazil, where the automotive sector highly contributes to the GDP.

The suspension of vehicle production and supply disruptions brought the automotive industry to a halt. However, the automotive camera market is expected to witness a significant boost from 2022, owing to the mandates by different countries. The reduced vehicle sales and abrupt stoppage in developing new automotive technologies are expected to result in sluggish growth of the automotive camera market.

Market Dynamics

Market Driver- Government initiatives related to vehicle safety features

Governments of various countries are making safety features mandatory for vehicle and pedestrians to prevent road accidents. For instance, the US Government has voluntary contracts with many manufacturers to fit autonomous emergency breaking (AEB) by 2022, Japan’s NASVA is encouraging the development of ADAS features. As of 2018, NASVA had marketed damage mitigation brake system, adaptive lane keep assist and cruise control.

Additionally, governments in Europe are focusing on mandating ADAS, such as emergency braking and lane departure warning, in vehicles. Implementation of regulations by governments is expected to surge the demand for automotive cameras.

Market Driver- Increased Disposable Income

The demand for automotive camera is driven by increasing disposable income across developing economies. Implementation of safety regulations and to stay updated as per the trend many people are increasingly opting for automotive cameras. Factors such as rapid growth in economy, rise in standard of living, and increase in the adoption of safe lifestyle are propelling the demand for automotive camera. Manufacturers of automotive camera cameras are focusing on R&D activities to improve product offerings and features of these cameras, thus driving the demand for these cameras.

Hence, growing need of automotive camera is anticipated to drive the automotive camera market during the forecast period.

Market Restraint- High cost of multi-camera systems

The multi-camera system consists of several cameras such as front view, rear view, side view, and the entire system is attached to the interior display system. Thus, the entire system includes complex networks and amplified wiring with electronics systems. The installation of such systems includes the additional installation of components resulting in an increased overall cost of vehicles.

Vehicle manufacturers are inclined to offer advanced and effective safety features at a minimum price, which in turn restricts a large number of OEMs around the world from offering technologically-advanced safety features in their vehicles.

Market Opportunity- Increasing development for autonomous systems

Leading vehicle manufacturers are concentrating on incorporating autonomous features in vehicles to increase luxury and safety. Automotive cameras can be used for multiple applications. The number of cameras is growing with the introduction of new driving assistance features in vehicles. Surge in the use of these semi-autonomous features in vehicles is creating opportunities in the market.

​​​​​​​ Various major automakers are expected to launch autonomous vehicles post 2022. OEMs and automotive Tier I suppliers and non-automotive players are anticipated to developing autonomous vehicles. Thus, creating lucrative opportunities in the automotive camera systems market.

Automotive Camera Market Segmental Outlook

Based on types, the market is classified into Side view camera, rear view camera, AVMS camera, driving recorder camera, and others. The rear-view camera segment is anticipated to expand at a considerable CAGR during the forecast period, owing to the increasing technological advancements in camera-based driver assistant sensors.

Automotive Camera Market Type

On the basis of applications, the market is segregated into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The passenger vehicle segment is anticipated to hold a significant share of the automotive camera market during the forecast period, owing to increasing sales of automotive.

In terms of sales channels, the market is bifurcated into original equipment manufacturer and aftermarket. The OEM segment is anticipated to hold a significant share of the market, owing to high consumption of OEM product from car manufacturers.              

Automotive Camera Market Regional Outlook

Based on regions, the market is classified as North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The market in Asia Pacific is anticipated to expand substantially during the forecast period, owing to Vehicle hybridization and electrification, increasing production of electric vehicles, and increasing sales of passenger vehicles are the key factors driving the Automotive Camera Market in the Asia Pacific region.

The market in North America is anticipated to hold a significant share of the market during the forecast period, owing to safety regulations imposed by government.

Automotive Camera Market Region

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Automotive Camera Market
  • Historical, Current and Projected Market Size in terms of Value and Volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints, and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Automotive Camera Market Performance

Segments

By Types

  • Side View Camera
  • Rear View Camera
  • AVMS Camera
  • Driving Recorder
  • Others

By Applications

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Distribution Channels

  • Original Equipment Manufacturer
  • Aftermarket

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Key Market Players Profiled in the Report

Competitive Landscape

  • Key players operating in the global automotive camera market include ZF Friedrichshafen AG, Robert Bosch GmbH, LG Electronics, Leopold Kostal GmbH & Co. KG, Valeo, HELLA GmbH & Co. KGaA, Continental AG, STMicroelectronics, Panasonic Corporation of North America, HYUNDAI MOBIS, and Others. These companies are considered as key developers of automotive camera based on their revenue, research & development (R&D) activities, presence, and value chain management system.
  • Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the automotive camera market.

Automotive Camera Market Key Players

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Camera Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Automotive Camera Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Automotive Camera Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Automotive Camera Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Automotive Camera Market Size & Forecast, 2018-2028
      4.5.1 Automotive Camera Market Size and Y-o-Y Growth
      4.5.2 Automotive Camera Market Absolute $ Opportunity
   4.6 Global Automotive Camera Market: Impact Of Key Regulations
Chapter 5 Global Automotive Camera Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Automotive Camera Market Size & Volume Forecast By Type
      5.2.1 Side View Camera
      5.2.2 Rear View Camera
      5.2.3 AVMS Camera
      5.2.4 Driving Recorder
      5.2.5 Others
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Automotive Camera Market Analysis and Forecast By Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Applications
      6.1.2 Basis Point Share (BPS) Analysis By Applications
      6.1.3 Absolute $ Opportunity Assessment By Applications
   6.2 Automotive Camera Market Size & Volume Forecast By Applications
      6.2.1 Passenger Vehicles
      6.2.2 Light Commercial Vehicles
      6.2.3 Heavy Commercial Vehicles
   6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Automotive Camera Market Analysis and Forecast By Sales Channel
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By Sales Channel
      7.1.2 Basis Point Share (BPS) Analysis By Sales Channel
      7.1.3 Absolute $ Opportunity Assessment By Sales Channel
   7.2 Automotive Camera Market Size & Volume Forecast By Sales Channel
      7.2.1 Original Equipment Manufacturer
      7.2.2 Aftermarket
   7.3 Market Attractiveness Analysis By Sales Channel
Chapter 8 Global Automotive Camera Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Automotive Camera Market Size & Volume Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Automotive Camera Analysis and Forecast
   10.1 Introduction
   10.2 North America Automotive Camera Market Size & Volume Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Automotive Camera Market Size & Volume Forecast By Type
      10.6.1 Side View Camera
      10.6.2 Rear View Camera
      10.6.3 AVMS Camera
      10.6.4 Driving Recorder
      10.6.5 Others
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 North America Automotive Camera Market Size & Volume Forecast By Applications
      10.10.1 Passenger Vehicles
      10.10.2 Light Commercial Vehicles
      10.10.3 Heavy Commercial Vehicles
   10.11 Basis Point Share (BPS) Analysis By Applications
   10.12 Absolute $ Opportunity Assessment By Applications
   10.13 Market Attractiveness Analysis By Applications
   10.14 North America Automotive Camera Market Size & Volume Forecast By Sales Channel
      10.14.1 Original Equipment Manufacturer
      10.14.2 Aftermarket
   10.15 Basis Point Share (BPS) Analysis By Sales Channel
   10.16 Absolute $ Opportunity Assessment By Sales Channel
   10.17 Market Attractiveness Analysis By Sales Channel
Chapter 11 Europe Automotive Camera Analysis and Forecast
   11.1 Introduction
   11.2 Europe Automotive Camera Market Size & Volume Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Automotive Camera Market Size & Volume Forecast By Type
      11.6.1 Side View Camera
      11.6.2 Rear View Camera
      11.6.3 AVMS Camera
      11.6.4 Driving Recorder
      11.6.5 Others
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Europe Automotive Camera Market Size & Volume Forecast By Applications
      11.10.1 Passenger Vehicles
      11.10.2 Light Commercial Vehicles
      11.10.3 Heavy Commercial Vehicles
   11.11 Basis Point Share (BPS) Analysis By Applications
   11.12 Absolute $ Opportunity Assessment By Applications
   11.13 Market Attractiveness Analysis By Applications
   11.14 Europe Automotive Camera Market Size & Volume Forecast By Sales Channel
      11.14.1 Original Equipment Manufacturer
      11.14.2 Aftermarket
   11.15 Basis Point Share (BPS) Analysis By Sales Channel
   11.16 Absolute $ Opportunity Assessment By Sales Channel
   11.17 Market Attractiveness Analysis By Sales Channel
Chapter 12 Asia Pacific Automotive Camera Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Automotive Camera Market Size & Volume Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Automotive Camera Market Size & Volume Forecast By Type
      12.6.1 Side View Camera
      12.6.2 Rear View Camera
      12.6.3 AVMS Camera
      12.6.4 Driving Recorder
      12.6.5 Others
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Asia Pacific Automotive Camera Market Size & Volume Forecast By Applications
      12.10.1 Passenger Vehicles
      12.10.2 Light Commercial Vehicles
      12.10.3 Heavy Commercial Vehicles
   12.11 Basis Point Share (BPS) Analysis By Applications
   12.12 Absolute $ Opportunity Assessment By Applications
   12.13 Market Attractiveness Analysis By Applications
   12.14 Asia Pacific Automotive Camera Market Size & Volume Forecast By Sales Channel
      12.14.1 Original Equipment Manufacturer
      12.14.2 Aftermarket
   12.15 Basis Point Share (BPS) Analysis By Sales Channel
   12.16 Absolute $ Opportunity Assessment By Sales Channel
   12.17 Market Attractiveness Analysis By Sales Channel
Chapter 13 Latin America Automotive Camera Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Automotive Camera Market Size & Volume Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Automotive Camera Market Size & Volume Forecast By Type
      13.6.1 Side View Camera
      13.6.2 Rear View Camera
      13.6.3 AVMS Camera
      13.6.4 Driving Recorder
      13.6.5 Others
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Latin America Automotive Camera Market Size & Volume Forecast By Applications
      13.10.1 Passenger Vehicles
      13.10.2 Light Commercial Vehicles
      13.10.3 Heavy Commercial Vehicles
   13.11 Basis Point Share (BPS) Analysis By Applications
   13.12 Absolute $ Opportunity Assessment By Applications
   13.13 Market Attractiveness Analysis By Applications
   13.14 Latin America Automotive Camera Market Size & Volume Forecast By Sales Channel
      13.14.1 Original Equipment Manufacturer
      13.14.2 Aftermarket
   13.15 Basis Point Share (BPS) Analysis By Sales Channel
   13.16 Absolute $ Opportunity Assessment By Sales Channel
   13.17 Market Attractiveness Analysis By Sales Channel
Chapter 14 Middle East & Africa (MEA) Automotive Camera Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Automotive Camera Market Size & Volume Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Automotive Camera Market Size & Volume Forecast By Type
      14.6.1 Side View Camera
      14.6.2 Rear View Camera
      14.6.3 AVMS Camera
      14.6.4 Driving Recorder
      14.6.5 Others
   14.7 Basis Point Share (BPS) Analysis By Type
   14.8 Absolute $ Opportunity Assessment By Type
   14.9 Market Attractiveness Analysis By Type
   14.10 Middle East & Africa (MEA) Automotive Camera Market Size & Volume Forecast By Applications
      14.10.1 Passenger Vehicles
      14.10.2 Light Commercial Vehicles
      14.10.3 Heavy Commercial Vehicles
   14.11 Basis Point Share (BPS) Analysis By Applications
   14.12 Absolute $ Opportunity Assessment By Applications
   14.13 Market Attractiveness Analysis By Applications
   14.14 Middle East & Africa (MEA) Automotive Camera Market Size & Volume Forecast By Sales Channel
      14.14.1 Original Equipment Manufacturer
      14.14.2 Aftermarket
   14.15 Basis Point Share (BPS) Analysis By Sales Channel
   14.16 Absolute $ Opportunity Assessment By Sales Channel
   14.17 Market Attractiveness Analysis By Sales Channel
Chapter 15 Competition Landscape
   15.1 Automotive Camera Market: Competitive Dashboard
   15.2 Global Automotive Camera Market: Market Share Analysis, 2020
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      15.3.1 ZF Friedrichshafen AG
      15.3.2 Robert Bosch GmbH
      15.3.3 LG Electronics
      15.3.4 Leopold Kostal GmbH & Co. KG
      15.3.5 Valeo
      15.3.6 HELLA GmbH & Co. KGaA
      15.3.7 Continental AG
      15.3.8 STMicroelectronics
      15.3.9 Panasonic Corporation of North America
      15.3.10 HYUNDAI MOBIS

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FAQ Section

Some frequently asked questions about this report!

Additional company profiles can be provided on request For a discussion related to above findings, click Speak to Analyst

According to this Growth Market Reports report, the Automotive camera market is likely to register a CAGR of 10.6% during forecast period 2020-2028, with an anticipated valuation of USD 13,288.7 million by the end of the 2028.

In addition to market size (in US$ Million), Company Market Share (in % for base year 2020), impact of key regulations and technological landscape.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

Growing demand for sensing cameras in advanced driver assistance systems is expected to drive automotive camera are the factors expected to drive the market growth during forecast period.

The market is expected to experience negative impact in 2019 and 2020 owing to the COVID 19 pandemic impact on the Automotive camera market.

Automotive Manufacturers are the major end-users of automotive camera.

The base year considered for the global Automotive camera market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.

Factors such as R&D Activities, Government Regulations, Technological Advancement, and Development in Automotive Industry are analyzed in the final report.

Major Manufacturers include, ZF Friedrichshafen AG, Robert Bosch GmbH, LG Electronics, Leopold Kostal GmbH & Co. KG, Valeo, HELLA GmbH & Co. KGaA, Continental AG, STMicroelectronics, Panasonic Corporation of North America, HYUNDAI MOBIS.