Introduction
The Global Automotive Camera  Market is set to surge from USD 8.2 Bn in 2023 to a projected USD 12.13 Bn by 2028, growing at a CAGR of 8.15%.
Safety features in cars are evolving quickly due to consumer desire for safer and more convenient driving experiences. This trend is expect to continue in the years to come. Before, basic equipment like cruise control, seatbelts, and antilock brakes were required. Then came features like electronic stability control, lane departure warning, blind spot identification, and front collision warning. The advance features like adaptive cruise control, automatic emergency braking, rear-view video systems, lane-keeping aid, self-park, and advance automotive technologies have been introduced in the past ten years. Manufacturers swiftly adjusted to this modification and included every component in their cars.Â
Japan’s Toyota and Honda have introduced cars with standard technologies like automatic emergency braking, lane keep assist, front collision warning, blind spot detection, and rear cross traffic. Multiple cameras are required for front, back, and surround views in these features. The cameras are also utilize for more sophisticated pedestrian and road sign detecting features in autonomous and semi-autonomous cars. For their next vehicles, Audi (Germany), Tesla (US), Nissan (Japan), and Cadillac (US) are currently developing L3 driving systems. The growing desire for more advanced cruise control and comfortable driving features are driving the Global Automotive Camera Market.
Automotive Camera
The cameras are superior to other sensor technologies such as radar, LiDAR, or ultrasonic in accordance with NCAP rules. An intelligent camera can distinguish things and provide information that makes it easier to identify them as cars or pedestrians. It can also recognize markers on the road, traffic signs, traffic lights, etc. It is also capable of determining their distances and tracking their travel path. With its improved visibility and capabilities like automated emergency braking that supply the data required for automated automobile steering, the smart camera becomes a more superior and secure choice.
Some insightful Automotive Camera Industry news are developing technologies in automotive camera that will help customers in a long term and will boost market growth. Hyundai has developed a technology that can automatically remove contaminants from the car sensors. The new technology rotates the exterior glass cover on the camera lens to remove dust, mud, and water droplets, with the help of washer fluids.
Mobileye has developed, the first Intelligent Speed Assist (ISA) technology, which just uses camera vision. The device, which has undergone rigorous testing and approval in Europe, can read the speed limit displayed on traffic signs. According to the company their primary motive behind this technology is to meet European Union General Safety Regulation (GSR) standards, which require automatic sensing of speed limits in all new vehicles without relying on GPS data and third-party map.Â
Segment Analysis on Global Automotive Camera Market
The Global Automotive Camera Market is segmented based on Technology Type, Level of Autonomy, Application Type, and Vehicle Type.
The global automotive camera market segmentations based on technology types, with digital cameras, infrared cameras, and thermal cameras playing pivotal roles.
Digital cameras, leveraging advanced imaging technology, dominate the market by providing high-resolution visuals for applications such as advanced driver-assistance systems (ADAS) and surround-view systems. The widespread adoption is fueling the market and increasing emphasis on safety. The growing trend towards autonomous driving. Infrared cameras, on the other hand, cater to low-light and nighttime conditions, enhancing visibility and driver awareness. This technology finds applications in night vision systems and pedestrian detection.
Meanwhile, thermal cameras, designed to capture heat signatures, excel in detecting objects in challenging environmental conditions, such as fog or heavy rain. The global automotive camera market’s segmentation by technology type reflects the industry’s commitment to enhancing safety, driving experiences. As automotive technologies continue to evolve, the market is poised for further innovations and integrations within these key technology segments.
The global automotive camera market segmentations based on vehicle types, primarily encompassing passenger cars and commercial vehicles.
Passenger cars represent a significant market share, driven by the growing consumer demand for advanced driver-assistance systems (ADAS) and safety features in personal vehicles. The integration of automotive cameras in passenger cars enhances functionalities such as collision avoidance, lane departure warning, and parking assistance, contributing to heightened safety standards and improved driving experiences.
In parallel, the commercial vehicles segment witnesses a robust demand for automotive cameras, particularly in the context of fleet management and logistics. Commercial vehicles, including trucks and buses, leverage camera technology to enhance overall safety, monitor driver behavior, and optimize route planning. The differentiation in market segmentation based on vehicle type underscores the tailored application of automotive camera solutions to address the specific needs and challenges unique to both passenger and commercial vehicles, emphasizing the overarching goal of fostering safety and efficiency across the automotive landscape.
Regional Analysis on Global Automotive Camera Market
Growing Sales of Premium and Luxury Vehicles in Asia Pacific because China accounts for Slightly Less Than 50% of the Automotive Camera Market
Asian companies are at the forefront of technological innovation, with a focus on enhancing safety, efficiency, and the overall driving experience. These companies are actively investing in research and development to introduce cutting-edge camera technologies that cater to the specific needs of the automotive sector. The integration of advanced driver-assistance systems (ADAS) and the trend towards autonomous driving has fueled the demand for high-quality cameras in vehicles, and Asian companies are rising to meet these requirements.
In particular, Japanese and South Korean companies are notable contributors to the development of automotive camera technology. Companies such as Sony, Panasonic, and Samsung are pioneering advancements in image sensors and camera modules, providing solutions that are crucial for functions like object detection, lane departure warning, and automated parking. China, as a major player in the global automotive market, is also actively participating in the development of automotive cameras. Chinese companies are investing heavily in research and development, fostering partnerships, and acquiring cutting-edge technologies to strengthen their presence in the automotive camera market.
List of Companies
The report provides profiles of the key companies, outlining their history, business segments, product overview, and company financials. Some companies from competitive analysis are Aptiv PLC, Autoliv Inc., Robert Bosch Group, Continental AG, Delphi Technologies (now part of BorgWarner Inc.), Denso Corporation, etc.
Key Developments
Bosch entered a wide-ranging alliance with the Volkswagen Group subsidiary Cariad to develop partially and highly automated driving within the SAE Levels 3 and 4. This collaboration will introduce automated driving functions across all vehicle classes. – Jan 2022
Frequently Asked Questions
How Much Is The Automotive Camera  Market Size?
The Global Automotive Camera Market is set to surge from USD 8.2 Bn in 2023 to a projected USD 12.13 Bn by 2028, growing at a CAGR of 8.15%.
What Is The Major Automotive Camera  Market Driver?
- Increasing Demand for Automotive Cameras
- Rise in Installation of Camera-based Advanced Technologies
What are the Major Automotive Camera  Market opportunities?
- Rising Advancements in Autonomous Vehicles and Connected Cars
- Upsurges in the Adoption of ADAS Technologies in Mid-Range Cars
Which Region Held The Highest Share of the Automotive Camera  Market?
North America Held The Highest Share In The Automotive Camera Market
Who Are The Automotive Camera  Market Players?
Ambarella, Aptiv PLC, Autoliv Inc., Brigade Electronics, Continental AG, etc.
