Global Automotive Camera Market Size USD 69.05 billion by 2030 | CAGR of 14.02%

Introduction

An automotive Camera is a rear-view system that makes reversing easier by monitoring the real-time environment and recommending the steering angle. The Automotive Camera is part of the rear-view system and is convenient for parking. They are designed to produce high-quality photos and videos to improve driver safety. The camera installed in the car uses cutting-edge technology such as computer vision algorithms to extract vital information for driver assistance. It's an onboard camera that records high-quality video to improve driver visibility and safety. These cameras help drivers with night vision, parking, vehicle performance, and gathering evidence.

Market Dynamics

Increasing Road Accidents and Growing Demand for Luxury Cars Drives the Global Market

Park assist, collision avoidance, lane departure warning, traction control, digital balance control, tire stress monitoring, airbags, and telematics are in high demand due to the rising number of people injured or killed in car accidents. Innovative driving forces help structures find and categorize road objects, then offer drivers advice. These installations use radar and cameras and can slow or lock a car if it gets too far away during a collision.

As a result, the Automotive Camera Market Share and Size are growing. More teens than any other age group die in car accidents. Demand for safety features drives the growth of the automotive camera market and integrated radar and camera systems. The growing influence of NCAP, demand for premium cars, and safety features contribute to market growth.

Growth of New technologies Creates Tremendous Opportunities

Due to technological advances, internal combustion engines and fuel-fed engines are being replaced by electric, hybrid, and solar vehicles. Autonomous technologies and ADAS advancements are increasing user engagement and reducing the need for direct vehicle control. Developing vehicle-mounted navigation systems has made this possible. Manufacturers are focusing on their complex software, such as ADAS, developing new mobility technologies. As software becomes more important, automakers are developing safer, more innovative vehicles. Increasing technological advances and improvements in ADAS are opening many opportunities for automotive cameras and integrated radar and cameras.

Park assist, collision avoidance, lane departure warning, traction control, digital balance control, tire stress monitoring, airbags, and telematics are in high demand due to the rising number of people injured or killed in car accidents. Innovative driving forces help structures find and categorize road objects, then offer drivers advice. These installations use radar and cameras and can slow or lock a car if it gets too far away during a collision.

As a result, the Automotive Camera Market Share and Size are growing. More teens than any other age group die in car accidents. Demand for safety features drives the growth of the automotive camera market and integrated radar and camera systems. The growing influence of NCAP, demand for premium cars, and safety features contribute to market growth.

Regional Analysis

During the forecast period, North America is expected to have the largest market for automotive cameras. This region is expected to lead the industry because of how quickly it is becoming industrialized, how well it is getting at making cars, and how fast it can connect to other places. The automotive camera market would also make more money if customers had more money to spend and their standard of living went up.

The automotive camera market will grow a lot in Asia and the Pacific. During the time that the projections say, this region is expected to have the most market growth. In the Asia-Pacific region, the key things driving the Automotive Camera Market are hybridization and electrification of vehicles, rising production of electric vehicles, and rising sales of passenger vehicles.

Key Highlights

• The global automotive camera market was valued at USD 21.2 billion in 2021. It is expected to reach USD 69.05 billion by 2030, growing at a CAGR of 14.02% during the forecast period (2022–2030).
• Based on technology, the global automotive camera market is divided into different categories such as Digital cameras, infrared cameras, and thermal cameras. The thermal camera division is anticipated to grow at the most rapid rate during the forecast period.
• Based on the vehicle type, the global automotive camera market is divided into two main types: passenger cars and commercial vehicles. The segment of the automotive camera market that pertains to passenger cars is anticipated to hold the largest market share during the forecast period.
• Based on application, the global automotive camera market is divided into two main types: ADAS (Advanced Driver-Assistant System) and Park Assist.

Competitive Players

1. Robert Bosch GmbH
2. Continental AG
3. Valeo
4. ZF Friedrichshafen AG
5. Denso Corporation
6. Autoliv Inc
7. Magna International Inc.
8. OmniVision
9. Mobileye
10. STMicroelectronics NV

Recent Developments

Recent Developments

• January 2024 - At CES 2024, leading mobility technology company Magna introduced a breath and camera-based pre-development technology designed to combat impaired driving. The new safety technology determines if drivers are “fit to drive” in a fast, reliable and affordable way. The integrated solution combines key elements of the interior sensing system, which utilizes camera technology to detect driver distraction, drowsiness and intoxication through pupillary signals, with infrared sensor technology developed by Senseair, a leader in air and gas sensing. Cockpit-embedded sensors, placed in proximity to the driver, measure and quantify the alcohol and carbon dioxide levels in diluted exhalations from the driver. The technology is intended to passively detect an intoxicated driver with a blood alcohol concentration at or above the legal limit of 0.08 percent in all states except Utah, where the legal limit is 0.05 percent.
• May 2024 - OMNIVISION, a global leader in semiconductor solutions, unveiled the OX05D10 5-megapixel CMOS image sensor featuring TheiaCel™ technology. It boasts industry-leading LED flicker mitigation (LFM) while maintaining superior image quality. Designed for automotive applications requiring high dynamic range (HDR) and low-light performance, the sensor was unveiled at AutoSens Detroit from in May 2024. This innovation promises to set new standards in automotive imaging technology.

Segmentation

1. By Type
   1. Mono Camera
   2. Stereo Camera
   3. Infrared Camera
   4. Digital Camera
2. By Vehicle Type
   1. Passenger Vehicles
   2. Commercial Vehicles
3. By Application
   1. ADAS
      1. Lane Departure Warning System (LDWS)
      2. Adaptive Cruise Control (ACC)
      3. Blind Spot Detection (BSD)
      4. Night Vision System (NVS)
      5. Driver Monitoring System (DMS)
      6. Pedestrian Detection System (PDS)
      7. Traffic Sign Recognition (TSR)
      8. Automatic Emergency Braking (AEB)
   2. Parking Assistance
      1. Rearview Cameras
      2. Surround View Camera