Home Automotive and Transportation Vehicle Camera Market Size, Manufacturers, Share and Forecast till 2030

Vehicle Camera Market

Vehicle Camera Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Technology (Digital, Infrared, Thermal, View Type, Front View camera, Rear view camera, Surround view camera), By Camera Type (Digital, Thermal, Infrared), By Application (Night Vision Recording, Parking Assist System, Blind Spot Detection, Lane Departure System, Other ADAS Systems), By Level of Autonomy (Level 1, Level 2 and Level 3, Level 4/5) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Report Code: SRAT239DR
Study Period 2018-2030 CAGR 10%
Historical Period 2018-2020 Forecast Period 2022-2030
Base Year 2021 Base Year Market Size USD 7.50 Billion
Forecast Year 2030 Forecast Year Market Size USD 17.68 Billion
Largest Market North America Fastest Growing Market Asia Pacific
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Market Overview

The global vehicle camera market size was valued at USD 7.50 billion in 2021 and is projected to reach USD 17.68 billion by 2030 at a CAGR of 10% from 2022 to 2030. 

The global vehicle camera market is largely dependent on the automotive market. They are majorly utilized to record dash incidences, aid in reversing, aids for claims and insurance, easy parking, capture road rage incidents, record the drive and the activity of the driver, and others. Further, vehicle cameras have recently gained traction in the market. Earlier it was majorly seen only in the high-end cars but lately, most of the budget-friendly cars have been deploying these cameras majorly the rear camera.

Market Dynamics

Government programs related to automotive safety features in economically developing countries

With the advent of automotive across the globe, most of the governments of the countries have released safety features that would benefit the automotive in the long term. For instance, by 2022, the Government of Europe has made it essential for all the new cars to be equipped with advanced safety features such as intelligent speed assistance, alcohol interlock installation facilitation, driver drowsiness, and attention warning systems, advanced driver distraction warning systems, emergency stop signals, reversing detection systems, event data recorders, and accurate tire pressure monitoring among others. Further, the Government of USA has the Department of Transportation’s National Highway Traffic Safety Administration (NHSTA), which has voluntary agreements to match autonomous emergency braking (AEB) with several automotive manufacturers by 2022. Some companies such as Tesla, Volvo, Audi, and Mercedes have already fulfilled the commitments by equipping almost three fourth of their new passenger vehicles with AEB. Further other nations such as Japan India, and China among others have also taken initiatives for enhancements in the safety thereby propelling the growth of the market.

Increasing development for autonomous systems

The proliferation of advanced technology in the automotive sector has enabled the development of autonomous systems. As per the Society Of Automotive Engineers (SAE), International established its SAE J3016™ ‘Levels of Automated Driving ‘They are categorized into five levels such as:

  • Level 0 – No Automation
  • Level 1 – Driver Assistance (Cruise Control)
  • Level 2 – Partial Automation (Assisted control in speed and steering)
  • Level 3 – Conditional Automation
  • Level 4 – High Automation
  • Level 5 – Full Automation

However, level 1 onwards there is a tremendous need for the deployment of high-tech devices such as sensors and cameras that assist the driver while driving. Further, as per Straits Research, the autonomous vehicles industry is anticipated to grow at a CAGR of 16% each year. Thus the high penetration of autonomous systems has bolstered the growth of the global vehicle camera market.

The significant cost of incorporating multi-camera solutions

The major restraining factor of the vehicle camera market is the significant cost incurred for incorporating the camera solution onto the vehicles. The integrated connectivity of the cameras with the other parts and the media systems of the vehicles has made the installation quite tedious thereby surging the cost. However, this substantial rise in the price may have an impact on the sales of budget cars as they cater to the maximum market share. However most of the companies have been devising new methodologies to reduce the cost and further increase the sales, but the cost has restrained the growth of the vehicle cameras.

Regional Analysis

North America caters to the maximum share in the vehicle camera market owing to the presence of advanced technology that surges the growth of the high tech devices in the cars. Further, favorable government regulations have bolstered the utilization of safety devices such as safety cameras and sensors in the automotive. Further, American companies such as Tesla and Uber have developed extremely advanced self-driving cars that are based on the latest technology. Further, as per Straits analysis, the surge from 2020 onwards owing to the increment in occurrences of vehicle collision especially in the countries such as U.S. and Canada has highlighted the requirements in the enhancement of vehicle safety standards. The development in the safety standards is expected to propel the market of vehicle.

Asia-Pacific is expected to exhibit the fastest growth in the forecasted year owing to the presence of multiple key players such as Panasonic Corporation, Samsung Electro-Mechanics, Tung Thih Electronic Co., Ltd., LG Innotek (LG Group), Sharp Corporation, Seeing Machines, and MCNEX Co., Ltd. among others. Further, countries such as China, Japan, Australia, and India are focusing on the development of their automotive sectors. The government of China is keen to implement a project to develop the safety standard in vehicles. Under ‘The Connected Vehicle Industry Development Plan 2020’, the automotive vehicles must be equipped with conditional assistance, partial assistance, and driver assistance. This new mandate is estimated to create new opportunities for the utilization of automotive cameras.

Additionally, the ‘Action Plan for Realizing Automated Driving’ which is finalized by an expert Panel in China which is focused on augmenting the implementation of autonomous driving. After the execution of this plan, the vehicle camera market is anticipated to fortify their sales in the untapped segment of autonomous driving. Furthermost the automobile companies have shifted or opened up new manufacturing plants in this region owing to the availability of cost-effective labor and inexpensive raw material from China.

Report Scope

Report Metric Details
By Vehicle Type
  1. Passenger Vehicles
    1. Compact Cars
    2. Mid-Sized
    3. SUVs
    4. Luxury
  2. Commercial Vehicles
    1. LCVs
    2. HCVs
By Technology
  1. Digital
  2. Infrared
  3. Thermal
  4. View Type
  5. Front View camera
  6. Rear view camera
  7. Surround view camera
By Camera Type
  1. Digital
  2. Thermal
  3. Infrared
By Application
  1. Night Vision Recording
  2. Parking Assist System
  3. Blind Spot Detection
  4. Lane Departure System
  5. Other ADAS Systems
By Level of Autonomy
  1. Level 1
  2. Level 2 and Level 3
  3. Level 4/5
Company Profiles Robert Bosch GmbH Panasonic Corporation Valeo S.A. VisionTrack Samsung Electro-Mechanics Tung Thih Electronic Co. Ltd. Magna International Inc LG Innotek (LG Group) Sharp Corporation Samsara SmartDrive Systems Inc. Seeing Machines Lytx (the U.S.) MCNEX Co. Ltd Continental AG ZF Friedrichshafen AG
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

Based on camera type the global vehicle camera market is divided into digital, thermal, and infrared. The digital segment caters to the maximum share owing to the cost-effective nature of the digital cameras. Further, there has been a high utilization of digital cameras in the passenger mid-sized and compact cars that cater to the major share among the passenger and commercial vehicles. Additionally, as stated by the Insurance Institute for Highway Safety, Highway Loss Data Institute in 2018, the use of cameras and back sensors reduced the back crashing involvement rates by approximately 75%. Further, the infrared camera segment caters to a significant share in the market owing to its limited deployment in luxury cars and certain commercial vehicles

By Vehicle Type

Based on the application the global vehicle camera market is divided into Passenger Vehicles and Commercial Vehicles. The extensive manufacturing across the globe has subsequently increased the vehicles in use across the regions. To maintain the traffic regulation and for better vehicle control the vehicle camera is expected to be adopted across the passenger vehicle segment. The chart shown below represents the noteworthy passenger car manufacturing across the regions which serve as established vehicle manufacturing clusters.


Passenger Car production (in million)

Greater China




North America


Japan/ Korea


South Asia


South America


The Middle East/ Africa


Further, the favoring government initiative regarding the safety of the automotive has led to the adoption of the cameras in the vehicles.

Market Size By Vehicle Type

Market Size By Vehicle Type
  • Passenger Vehicles
  • Commercial Vehicles
  • Impact of covid-19

    The pandemic led to a temporary lockdown of the nations, which on a wide scale hindered the verticals of businesses and the industry. The automobile industry, which primarily involves outdoor jobs, has been poorly exposed to the challenges that have contributed to a dramatic decrease in car sales. Furthermore, the instability of the supply chain market mainly due to the closing of national and foreign borders and the adherence to the decision not to use Chinese produced products hampered the growth of the market. However, the considerable spike seen in the sale of the automotive vehicle to limit the usage of public and crowded places may positively affect the growth of the market in the upcoming years.

    Recent Developments

    1. On 17th February 2019, Samsung Electro Mechanic continued its contract with Tesla by finalizing the deal of supplying self-propelled camera modules to Tesla. The deal aims at strategically growing the business and its geographical presence.
    2. On 30th April 2017, Smart Drive announced an addition to the Video-Safety First with 360-Degree Triggering. The product aims at providing an enhanced video outlook thereby strengthening the product portfolio.

    Top Key Players

    Vehicle Camera Market Share of Key Players

    Vehicle Camera Market Share of Key Players
    Robert Bosch GmbH Panasonic Corporation Valeo S.A. VisionTrack Samsung Electro-Mechanics Tung Thih Electronic Co. Ltd. Magna International Inc LG Innotek (LG Group) Sharp Corporation Samsara SmartDrive Systems Inc. Seeing Machines Lytx (the U.S.) MCNEX Co. Ltd Continental AG ZF Friedrichshafen AG Others

    Frequently Asked Questions (FAQs)

    How big is the vehicle camera market?
    The global vehicle camera market size was valued at USD 7.50 billion in 2021 and is projected to reach USD 17.68 billion by 2030 at a CAGR of 10% from 2022 to 2030. 
    North America region has the largest market share in the vehicle camera market.
    The key players in the global vehicle camera market include Robert Bosch GmbH, Panasonic Corporation, Valeo S.A. VisionTrack, Samsung Electro-Mechanics
    The global vehicle camera market is bifurcated into By vehicle type, technology, camera type, application

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