Automotive Camera Market By Application (Park Assist and ADAS), Type (Mono Camera, Surround View Camera, and Rear View Camera), Vehicle Type (Passenger Cars and Commercial Vehicle), Level of Autonomy (L1, L2, L3, and Others) and Geography: Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026564 | Pages: 100 | Industry: Automotive and Transportation | Date: Oct 2022 | Type: Global

The market crossed US$ 6.8 billion mark in 2022 and is expected to hit US$ 12.0 billion by 2030, recording a CAGR of 10.4% during the forecast period.

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Automotive Camera Market to rise with Surging demand for Increasing Demand for Safety and Driving Comfort Features.

The increasing demand for safety and driving comfort features and the growing adoption of advanced cameras in vehicles are among the key factors driving the automotive camera market growth. The emergence of the COVID-19 pandemic has had a severe impact on the automotive industry across the world. The negative impact of the pandemic is witnessed in terms of the supply chain disruptions in part exports from China; interruptions in large-scale manufacturing across Europe; and the closure of assembly plants in the US, India, Brazil, and other major countries, where the automotive sector highly contributes to the GDP. The increasing demand for electric vehicles would create potential growth opportunities for the market in the coming years. The complicated wiring connections and increasing advanced technology usage require expensive small components. Using these components increases the installation cost of cameras, which restrains the growth of the automotive camera market.

The Automotive Camera Market is experiencing a growth in L2 Level of Autonomy

Owing to recent developments in the automotive sector, level 2 autonomy will grow substantially worldwide. The adaptive cruise control uses radar or cameras to determine the safe distance in front of the vehicle and stay within the speed limit. Only one camera is mounted in front view of the vehicle. The adaptive cruise control is used in passenger and commercial vehicles. Thus, the increasing in sale of automobiles from Level 1 segment is augmenting the demand for automotive cameras.

Growing Advancement in the Advanced Driver Assistance System (ADAS) is one of the major factors accelerating Automotive Camera Market growth.

The growing advancement in the advanced driver assistance system (ADAS) is fueling the growth of the automotive camera market. The ADAS technology has improved the driving experience with added features, including stability controls, lane monitoring, and emergency braking. The system comprises technologically equipped sensors, such as radar sensors, cameras, LiDAR, ultrasonic sensors, infrared, and several actuators. The ongoing adoption of electric vehicles owing to stringent government regulations for carbon emissions is boosting the demand for ADAS, thereby driving the automotive camera market. In addition, the favorable regulatory policies for incorporating safety and comfort features in the automotive vehicles fuel the automotive camera market growth.

 

Recent strategic developments in the Automotive Camera Market

The Automotive Camera market has undergone several significant developments, and a few of these have been mentioned below:

  • In November 2021, Autoliv and SSAB collaborated to develop fossil-free steel from SSAB to manufacture automotive safety products.
  • In April 2022, Valeo developed a one hundred millionth automotive nearfield camera at the Tuan site in Ireland. It is used to provide rear and surround view of the vehicle.

 

Several players drive the Automotive Camera market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Aptiv PLC; Autoliv Inc; Continental AG; FLIR Systems, Inc.; Gentex Corporation; Magna International Inc; Robert Bosch GmbH; Valeo; Mobileye; STONKAM CO., LTDare among the prominent players operating in the Automotive Camera Market.

The target audience for the report:

  • Raw material providers
  • Automotive Camera Manufacturers
  • Automotive Camera service providers
  • Lawn Mowe-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Automotive Camera component suppliers
  • Automotive Camera and components distributors and sales firms
  • End users of Electric Vehicle
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the Automotive Camera market has been segmented based on:

  • By Application:
  • Park Assist
  • ADAS.
  • By Type :
  • Mono Camera
  • Surround View Camera
  • Rear View Camera.
  • By Vehicle Type :
  • Passenger Cars
  • Commercial Vehicles.
  • By Level of Autonomy :
  • L1
  • L2
  • L3
  • Others

Commercial Vehicles

Two-Wheeler

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    •  Aptiv PLC
    • Autoliv Inc
    • Continental AG
    • FLIR Systems, Inc.
    • Gentex Corporation
    • Magna International Inc
    • Robert Bosch GmbH
    • Valeo
    • Mobileye
    • STONKAM CO., LTD.

The List of Companies
- Aptiv PLC
- Autoliv Inc
- Continental AG
- FLIR Systems, Inc.
- Gentex Corporation
- Magna International Inc
- Robert Bosch GmbH
- Valeo
- Mobileye
- STONKAM CO., LTD.

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