The automotive camera market in Asia Pacific is expected to grow from US$ 3,807.72 million in 2022 to US$ 15,130.35 million by 2028; it is estimated to grow at a CAGR of 25.9% from 2022 to 2028.
ADAS covers a wide range of active and passive systems that improve the safety and comfort of drivers, passengers, and pedestrians with the help of embedded vision by reducing accidents and injuries. The system is equipped with various components, including cameras, sensors, radar, and software. It is also used for featured applications such as adaptive cruise control, park assist, lane warning departure system, navigation system, night vision, blind-spot detection, autonomous emergency braking, pedestrian detection/avoidance, driver monitoring system, and traffic sign recognition. These factors are helping the driver to have a safe and reliable drive, further augmenting the adoption of ADAS in various automotive segments. Major OEMs are embracing ADAS solutions to achieve high safety ratings to attract consumers. Thus, the advantageous features of ADAS would propel the demand for components, such as radar, ultrasonic sensors, cameras, and LiDAR, during the forecast period. Hence, the growing adoption of ADAS is expected to bolster the Asia Pacific automotive camera market in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific automotive camera market at a substantial CAGR during the forecast period.
Asia Pacific Automotive Camera Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Automotive Camera Market Segmentation
The Asia Pacific automotive camera market is segmented into application, type, vehicle type, level of autonomy, and country. Based on application, the Asia Pacific automotive camera market is bifurcated into park assist and ADAS. The park assist segment accounted for a larger market share in 2022. Based on type, the Asia Pacific automotive camera market is categorized into mono camera, surround view camera, and rear view camera. The rear view camera segment accounted for the largest market share in 2022, owing to increasing awareness for safe driving that needs the proportion of cars with a rear view camera. Based on vehicle type, the Asia Pacific automotive camera market is bifurcated into passenger cars and commercial vehicle. The passenger cars segment accounted for a larger market share in 2022 owing to growing initiatives for introducing regulatory policies for safety and comfort for passenger vehicles. Based on level of autonomy, the automotive camera market is segmented into L1, L2, L3, and others. The L1 segment accounted for a larger market share in 2022. Moreover, the L2 segment is projected to observe significant growth during the forecast period owing to the growing demand for driver assistance systems. Based on country, the Asia Pacific automotive camera market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held the largest market share in 2022.
Aptiv PLC; Autoliv Inc.; Continental AG; FLIR Systems, Inc.; Gentex Corporation; Magna International Inc.; Mobileye; Robert Bosch GmbH; Stonkam Co., Ltd.; and Valeo are among the leading companies operating in the Asia Pacific automotive camera market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 3,807.72 Million |
| Market Size by 2028 | US$ 15,130.35 Million |
| CAGR (2022 - 2028) | 25.9% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Automotive Camera Market is valued at US$ 3,807.72 Million in 2022, it is projected to reach US$ 15,130.35 Million by 2028.
As per our report Asia Pacific Automotive Camera Market, the market size is valued at US$ 3,807.72 Million in 2022, projecting it to reach US$ 15,130.35 Million by 2028. This translates to a CAGR of approximately 25.9% during the forecast period.
The Asia Pacific Automotive Camera Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Automotive Camera Market report:
The Asia Pacific Automotive Camera Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Automotive Camera Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Automotive Camera Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Asia Pacific Automotive Camera Market
