Mexico Automotive Camera Market Opportunities, Industry 2031

Segments - Mexico Automotive Camera Market by Types (Driving Camera and Sensing Camera), Application Types (Parking and ADAS), and Country (Mexico) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

Mexico Automotive Camera Market Outlook 2031:

The Mexico automotive camera market size was valued at USD 148.12 Billion in 2022 and is expected to reach USD 307.38 Billion by 2031 projected to expand at a CAGR of 8.45% during the forecast period, 2023 – 2031.

The growth of market is attributed to growing demand of exquisite cars, according to the standard protocols of CAFÉ, and FMVSS increasing use of driver safety assistance system are some of the factors driving the market during forecast period.

Automotive cars are volatile in nature and can be damaged quite easily and are not all weather resistance. The rising adoption of automotive cameras manufacturers is paying more attention towards optimization of vehicle sensors in order to achieve maximum adoption rate in the market.

In the coming years the global automotive camera market is witnessing immense growth owing to advancement in technology in camera based drive assistance sensors, parking cameras, and automotive safety systems. Rapid enhancement in the technology with significant output production is anticipated to reduce the price considerably creating opportunities for the market players.

ADAS is one of the most used camera in automotive camera industry these cameras are trusted for recognizing vehicles, traffic sign, obstacles, pedestrians, lane and lines camera transmits the information to the installed software which initiate the response for the vehicles based on the condition.

However production cost of multiple camera system is quite steep also thermal noise emission from cameras are high as well that can act as a hindrance in the market growth during the forecast period.

Although the demand for the electric vehicles (EV) further drive the development of autonomous system creating growth potentiality for multi-camera system offering opportunities for the automotive camera market in the coming years.

Mexico Automotive Camera Market Trends, Drivers, Restraints, and Opportunities

Growing demand for luxury cars in North America is expected to drive the market in the coming years.
Increasing use of driver assistance system is estimated to boost the market during the forecast period.
Rising demand for product especially for the passenger car segment is anticipated to fuel market during the projected period.
R&D and technological advancement in cameras accompanying with great production yield helps to reduce the price significantly which is expected to drive the market during the forecast period.
High manufacturing cost of automotive cameras act as one of the factor that can hamper the market in the coming years.
Rising prices of vehicles as well as cost incurred before the product launch possess a major challenge that hinder the market growth during the projected period.

Scope of Mexico Automotive Camera Market market

The report on the Mexico automotive camera market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Automotive Camera Market – Mexico Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Driving Camera and Sensing Camera), Application Types (Parking and ADAS)
Country	Mexico
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Continental AG; Panasonic Corporation; Robert Bosch GmbH; Garmin Ltd; Magna International Inc.

Mexico Automotive Camera Market segment insights

The sensing camera segment is expected to exhibit high CAGR

Based on the types, the market is fragmented into driving camera and sensing camera. The sensing camera segment is expected to exhibit high CAGR during the forecast period owing to the surging demand of sensing cameras in advanced driver assistance system (ADAS) allowing to capture image digitally and warning the driver and in some cases the installed sensors directly controls the car as ADAS system depends heavily upon sensing camera and thus helps in eradicating any sort of accidents and creating casualties.

The ADAS segment holds a key major share of the market

On the basis of application types, the market is bifurcated into parking and ADAS. The ADAS segment holds a key major share of the market during the projected period due to the role of ADAS to prevent deaths and injuries caused by human errors, also reducing the number of car accidents and critical impacts of those which can’t be avoided some of the safety critical ADAS application involves traffic sign recognition, blind spot detection, automatic emergency brake to completely reduce the accident and its impact, lane departure warning & correction, and pedestrian avoidance and detection.

Segments

Mexico automotive camera market has been bifurcated on the basis of

Types

Driving Camera
Sensing Camera

Application Types

Parking
ADAS

Country

Mexico

Key Players

Continental AG
Panasonic Corporation
Robert Bosch GmbH
Garmin Ltd
Magna International Inc.

Competitive Landscape

Key players competing in Mexico automotive camera market include Continental AG; Panasonic Corporation; Robert Bosch GmbH; Garmin Ltd; Magna International Inc.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Mexico Automotive Camera Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Camera Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Camera Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Camera Market - Supply Chain
  4.5. Global Automotive Camera Market Forecast
     4.5.1. Automotive Camera Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Camera Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Camera Market Absolute $ Opportunity
5. Global Automotive Camera Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive Camera Market Size and Volume Forecast by Types
     5.3.1. Driving Camera Sensing Camera
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Camera Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Automotive Camera Market Size and Volume Forecast by Applications
     6.3.1. Parking ADAS
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Automotive Camera Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Automotive Camera Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Automotive Camera Demand Share Forecast, 2019-2026
8. North America Automotive Camera Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Automotive Camera Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Automotive Camera Market Size and Volume Forecast by Types
     8.4.1. Driving Camera Sensing Camera
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Automotive Camera Market Size and Volume Forecast by Applications
     8.7.1. Parking ADAS
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Automotive Camera Demand Share Forecast, 2019-2026
9. Latin America Automotive Camera Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Automotive Camera Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Automotive Camera Market Size and Volume Forecast by Types
     9.4.1. Driving Camera Sensing Camera
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Automotive Camera Market Size and Volume Forecast by Applications
     9.7.1. Parking ADAS
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Automotive Camera Demand Share Forecast, 2019-2026
10. Europe Automotive Camera Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Automotive Camera Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Automotive Camera Market Size and Volume Forecast by Types
     10.4.1. Driving Camera Sensing Camera
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Automotive Camera Market Size and Volume Forecast by Applications
     10.7.1. Parking ADAS
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Automotive Camera Demand Share Forecast, 2019-2026
11. Asia Pacific Automotive Camera Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Automotive Camera Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Automotive Camera Market Size and Volume Forecast by Types
     11.4.1. Driving Camera Sensing Camera
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Automotive Camera Market Size and Volume Forecast by Applications
     11.7.1. Parking ADAS
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Automotive Camera Demand Share Forecast, 2019-2026
12. Middle East & Africa Automotive Camera Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Automotive Camera Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Automotive Camera Market Size and Volume Forecast by Types
     12.4.1. Driving Camera Sensing Camera
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Automotive Camera Market Size and Volume Forecast by Applications
     12.7.1. Parking ADAS
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Automotive Camera Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Automotive Camera Market: Market Share Analysis
  13.2. Automotive Camera Distributors and Customers
  13.3. Automotive Camera Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Continental AG Panasonic Corporation Robert Bosch GmbH Garmin Ltd Magna International Inc.