North America Automotive Camera Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Application (Park Assist and ADAS), Type (Mono Camera, Surround View Camera, and Rear View Camera), Vehicle Type (Passenger Cars and Commercial Vehicle), and Level of Autonomy (L1, L2, L3, and Others)
The automotive camera market in North America is expected to grow from US$ 1,249.32 million in 2022 to US$ 4,671.72 million by 2028; it is estimated to grow at a CAGR of 24.6% from 2022 to 2028.
The North America automotive camera market growth is attributable to the rising demand for safety and driving comfort features. With the rapid development of science and technology, automotive technology is also improving and being incorporated into all aspects of a car. Due to the increasing number of road traffic accidents, governments of North American countries have mandated the installation of cameras in all segments of vehicles. Thus, the government agencies strongly emphasized improving safety policies and standards along with significant investments in mitigating road accidents. In May 2022, the NHTSA approved US$ 740 million in funding for the 402 State and Community Grant Program, Section 1906 Racial Profiling Data Collection Grants, and Section 405 National Priority Safety Program.
The key players engaged in the automotive business are investing in advancing automotive vehicle safety features. For instance, vehicles loaded with added features and software services are equipped with systems-on-a-chip (SoCs), which help run the vehicles autonomously. Car sensors, such as cameras and radar, capture data, translate it, and send it to the powertrain to enable features, including emergency braking. The increasing need for enhanced safety and driving comfort has compelled Tier I companies to adopt advanced driver assistance system (ADAS) technology. As a result, the demand for LCVs and HCVs is increasing rapidly in North America. Thus, such upcoming developments from automotive manufacturers are fueling the North America automotive camera market growth.
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 North America automotive camera market at a substantial CAGR during the forecast period.
North America Automotive Camera Market Revenue and Forecast to 2028 (US$ Million)
North America Automotive Camera Market Segmentation
The North America automotive camera market is segmented into application, type, vehicle type, level of autonomy, and country. Based on application, the North America 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 North America 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 North America 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 North America automotive camera market is segmented into the US, Canada, and Mexico. The US 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 North America automotive camera market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Automotive Camera Market – By Propulsion
1.3.2 North America Automotive Camera Market – By Type
1.3.3 North America Automotive Camera Market – By Vehicle Type
1.3.4 North America Automotive Camera Market – By Level of Autonomy
1.3.5 North America Automotive Camera Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automotive Camera Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Automotive Camera Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising demand for Safety and Driving Comfort Features
5.1.2 High Adoption of Advanced Cameras in Vehicles
5.2 Market Restraints
5.2.1 High Installation Cost of Advanced Cameras
5.3 Market Opportunities
5.3.1 Surging Demand for Electric Vehicles
5.4 Market Trends
5.4.1 Surging Usage of Advanced Driver Assistance Systems (ADAS)
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Camera Market – North America Market Analysis
6.1 North America Automotive Camera Market North America Overview
6.2 North America Automotive Camera Market Forecast and Analysis
7. North America Automotive Camera Market Revenue and Forecast to 2028 – Application
7.1 Overview
7.2 North America Automotive Camera Market, By Application (2021 and 2028)
7.3 PARK ASSIST
7.3.1 Overview
7.3.2 PARK ASSIST: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
7.4 ADAS
7.4.1 Overview
7.4.2 ADAS: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
8. North America Automotive Camera Market – By Type
8.1 Overview
8.2 North America Automotive Camera Market, By Type (2021 and 2028)
8.3 Mono Camera
8.3.1 Overview
8.3.2 Mono Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Surround View Camera
8.4.1 Overview
8.4.2 Surround View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Rear View Camera
8.5.1 Overview
8.5.2 Rear View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
9. North America Automotive Camera Market – By Vehicle Type
9.1 Overview
9.2 North America Automotive Camera Market, By Vehicle Type (2021 and 2028)
9.3 Passenger Cars
9.3.1 Overview
9.3.2 Passenger Cars: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial Vehicle
9.4.1 Overview
9.4.2 Commercial Vehicle: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
10. North America Automotive Camera Market – By Level of Autonomy
10.1 Overview
10.2 North America Automotive Camera Market, By Level of Autonomy (2021 and 2028)
10.3 L1
10.3.1 Overview
10.3.2 L1: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
10.4 L2
10.4.1 Overview
10.4.2 L2: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
10.5 L3
10.5.1 Overview
10.5.2 L3: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Others
10.6.1 Overview
10.6.2 Others: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
11. North America Automotive Camera Market – Country Analysis
11.1 Overview
11.1.1 North America: Automotive Camera Market, by Key Country
11.1.1.1 US: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 US: Automotive Camera Market, By Type
11.1.1.1.2 US: Automotive Camera Market, By Application
11.1.1.1.3 US: Automotive Camera Market, By Vehicle Type
11.1.1.1.4 US: Automotive Camera Market, By Level of Autonomy
11.1.1.2 Canada: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Canada: Automotive Camera Market, By Type
11.1.1.2.2 Canada: Automotive Camera Market, By Application
11.1.1.2.3 Canada: Automotive Camera Market, By Vehicle Type
11.1.1.2.4 Canada: Automotive Camera Market, By Level of Autonomy
11.1.1.3 Mexico: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Mexico: Automotive Camera Market, By Type
11.1.1.3.2 Mexico: Automotive Camera Market, By Application
11.1.1.3.3 Mexico: Automotive Camera Market, By Vehicle Type
11.1.1.3.4 Mexico: Automotive Camera Market, By Level of Autonomy
12. Industry Landscape
12.1 Market Initiative
12.2 New Development
13. Company Profile
13.1 Aptiv PLC
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Autoliv Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Continental AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 FLIR Systems, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Gentex Corporation
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Magna International Inc
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Robert Bosch GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Valeo
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Mobileye
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 STONKAM CO.,LTD.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. North America Automotive Camera Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. North America: Automotive Camera Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Automotive Camera Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Automotive Camera Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Automotive Camera Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Automotive Camera Market, By Level of Autonomy – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: Automotive Camera Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Automotive Camera Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: Automotive Camera Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Automotive Camera Market, By Level of Autonomy – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: Automotive Camera Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: Automotive Camera Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Automotive Camera Market, By Vehicle Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Automotive Camera Market, By Level of Autonomy – Revenue and Forecast to 2028 (US$ Million)
Table 15. Glossary of Terms, North America Automotive Camera Market
LIST OF FIGURES
Figure 1. North America Automotive Camera Market Segmentation
Figure 2. North America Automotive Camera Market Segmentation – Country
Figure 3. North America Automotive Camera Market Overview
Figure 4. North America Automotive Camera Market, By Application
Figure 5. North America Automotive Camera Market, By Type
Figure 6. North America Automotive Camera Market, By Country
Figure 7. North America: PEST Analysis
Figure 8. North America Automotive Camera Market Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America Automotive Camera Market: Impact Analysis of Drivers and Restraints
Figure 11. North America: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Automotive Camera Market Revenue Share, By Application (2021 and 2028)
Figure 13. North America PARK ASSIST: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America ADAS: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Automotive Camera Market Revenue Share, By Type (2021 and 2028)
Figure 16. North America Mono Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Surround View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Rear View Camera: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Automotive Camera Market Revenue Share, By Vehicle Type (2021 and 2028)
Figure 20. North America Passenger Cars: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Commercial Vehicle: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Automotive Camera Market Revenue Share, By Level of Autonomy (2021 and 2028)
Figure 23. North America L1: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America L2: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America L3: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Others: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Automotive Camera Market, by Key Country – Revenue (2021) (US$ Million)
Figure 28. North America: Automotive Camera Market Revenue Share, by Key Country (2021 & 2028)
Figure 29. US: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Automotive Camera Market – Revenue and Forecast to 2028 (US$ Million)
- Aptiv PLC
- Autoliv Inc.
- Continental AG
- FLIR Systems, Inc.
- Gentex Corporation
- Magna International Inc.
- Mobileye
- Robert Bosch GmbH
- Stonkam Co., Ltd.
- Valeo
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America automotive camera market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America automotive camera market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the automotive camera market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution