Global Automotive Camera Market

Global Automotive Camera Market Insights

The global automotive camera market is estimated to witness a high CAGR during the forecast period (2019-2026). Growing adoption in the automotive industry and growing usage of technology such as automotive camera are some of the major factors driving the automotive camera market. Automotive camera is an on-board camera designed to capture the highest quality of video to increase visibility to enhance driver safety. Growing investments in research & development activities and technologies is expected to propel the market growth during the forecast period. Growing product development and rising aftermarket sales of parking cameras are some of the major factors driving market growth during the forecast period. However, stringent environmental norms by the government, high installation cost, and high cost of the modules are likely to hamper the market growth during the forecast period. Heat dissipation and thermal problems for device designers are a major challenge for the market.

Automotive Camera Market: By Technology

On the basis of technology, the global automotive camera market is segmented into thermal camera, digital camera, and infrared camera. The thermal camera segment is estimated to account for the largest market share during the forecast period. Growing demand of infrared and thermal camera in passenger, and commercial vehicles is expected to drive the automotive camera market. The rising level of automation in vehicles is expected to drive the market for thermal cameras. Such cameras can also work at night and in adverse weather conditions, such as snow, rain, and fog. The digital camera segment is expected to grow at the highest CAGR during the forecast period.

Automotive Camera Market: By Application

On the basis of application, the automotive camera market is segmented into: park assist, and ADAS. ADAS segment is estimated to account for the largest market share during the forecast period. Growing trend of installation of advanced driver assistance systems in the vehicles are expected to drive the market growth. This technology improves driving experience and enhances vehicle safety and pedestrian safety. Cameras are required for a wide range of applications, such as lane detection systems, and departure systems, and blind-spot detection, among others, which are costly in nature. Increasing demand for cameras, and rising adoption of ADAS features in vehicles is expected to propel the automotive camera market growth.

Automotive Camera Market: By View Type

On the basis of view type, the automotive camera market is segmented into single view system, and multi view system. Multi View System segment is expected to grow at the highest CAGR during the forecast period. This system was used in the luxury vehicle segment due to its high price. Moreover manufacturers are introducing multi-camera systems as a differentiating factor for economic vehicles. It plays a vital role in the development of autonomous vehicles. Single View System is estimated to account for the largest market share during the forecast period.

Automotive Camera Market: By Function

On the basis of function, the automotive camera market is segmented into front view camera, interior view camera, side view camera, and rear view camera. Front View Camera segment is expected to grow at the highest CAGR during the forecast period. Growing advanced safety features integration must boost the demand of front view cameras during the forecast period. These cameras are used for various applications, including viewing around and viewing the front of the vehicle and sensing the lane path, and traffic signals, among others, are expected to fuel the market growth. In addition, consumer demand for interior view camera in cabin experience is expected to drive the automotive camera market.

Automotive Camera Market: By Vehicle Type and class

On the basis of vehicle type and class, the automotive camera market is segmented into passenger cars, and commercial vehicle. Passenger Cars segment is estimated to account for the largest market share during the forecast period. Growing production of economic vehicles, and mid-priced vehicles is expected to drive the demand of automotive camera during the forecast period. In addition to the rear and side-view mirrors, there is an increase in the number of automotive cameras in passenger cars, which in turn is expected to increase the OEM and aftermarket sales of automotive cameras. Commercial vehicle segment is expected to grow at the highest CAGR during the forecast period.

Automotive Camera Market: By Electric Vehicle Type

On the basis of vehicle type, the automotive camera market is segmented battery electric vehicles (BEVS), hybrid electric vehicles (HEVS). Hybrid electric vehicle segment is estimated to account for the largest market share during the forecast period. Hybrid electric vehicles are both powered by electricity, and petrol engines. Battery electric vehicles segment is expected to grow at the highest CAGR during the forecast period. Battery electric vehicles are fully-electric vehicles with rechargeable batteries and no petrol engines. Electric Vehicle (EV) chargers are classified according to the speed at which the EVs are recharged.

Automotive Camera Market: By Region

On the basis of region, the market for Automotive Camera is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America. Europe is expected to witness considerable growth in the automotive camera market during the forecast period. Europe is also recognized as the leading consumer market and will experience tremendous growth in the light of the high level of ADAS deployment and the legislation requiring the implementation of security technologies in passenger cars in Germany, the United Kingdom, France and Italy among others. Moreover, growing production of luxury cars, and mid-size passenger cars in Spain and Russia is expected to drive the market growth in the region during the forecast period. The North America region is expected to grow at the highest CAGR during the forecast period. Growing automotive production, and driver-assisted automotive technology to improve driving experience and safety are the primary factors driving the market in the region.

Automotive Camera Market: End Use Landscape

The end-user landscape entails a list of current and prospective consumers prevailing across the regions. This section briefs you about company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase. The key end-users of the markets are Tesla, Inc., Hyundai, and Fiat among others.

Automotive Camera Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the Automotive Camera market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Automotive Camera Market Share & Competitor Analysis

Some of the key players operating in the Automotive Camera market are Robert Bosch GmbH, Continental AG, Aptiv PLC, Stonkam Co., Ltd., Mobileye N.V., Autoliv Inc., Magna International Inc., OmniVision Technologies, Intel, Ficosa, Clarion, Denso, AEI, Ambarella, Hitachi, Kyocera Corporation, Samsung Electro Mechanics, and Valeo among others.

• In July 2019, Continental AG signed an agreement to acquire Merlett Group. The company is engaged in the production of flexible hoses for technical, agricultural, and marine among others
• In February 2018, Robert Bosch acquired SPLT (Splitting Fares). The company is a carpooling platform