The global automotive camera showcase was esteemed at $11,401.6 million in 2021 and is anticipated to reach $24,092.1 million by 2026, enlisting a CAGR of 9.70% between 2021 and 2026.
Automotive cameras are used for an assortment of uses, for example, cruiser control frameworks and night vision frameworks in vehicles, especially in traveller autos. Car cameras are introduced in the back and front side of automobiles just as inside them for wellbeing purposes. Vehicles furnished with these cameras offer a better driving experience by improving the front and rear perspective on the driver.
The automotive camera is a locally available camera, which is intended to catch the most excellent video to broaden permeability for upgrading the wellbeing of the driver. These cameras are significantly used to help the driver for leaving, to evaluate vehicle execution, for night vision, and to assemble essential proof. Moreover, they are inserted with cutting edge PC vision calculations, which remove crucial information from the caught pictures to help the driver for different purposes and assume a vital job for cutting edge driver assistance frameworks.
Kent RO is entering the automotive security space with its dashboard camera offering, the Kent CamEye. The CamEye features a dual-camera layout that captures what’s happening inside and out of doors the car.
Hitachi Automotive Systems announced the development of a stereo camera that permits automatic emergency braking (AEB) at intersections counting on stereo camera alone by combining distant object detection with a broad-angle view and without millimetre-wave radar.
Hero Electronix announced the introduction of its latest Qubo Smart Indoor Camera in India, under its Qubo brand of AI-powered connected smart devices. alongside the camera, the corporate has also launched smart sensors, namely Qubo Smart Gas Sensor, Qubo Smart Smoke Sensor, and the QuboSmart Door and Window Sensor.
Drivers and Restraints of the automotive camera market:
The rising impact of new vehicle evaluation programs is one of the key elements expected to support the development of the global automotive camera market in the upcoming years. Developing interest for traveler autos combined with expanding mindfulness in regards to wellbeing is quickening the interest for car cameras in vehicles, which, thus, is required to fuel the development of the automotive camera business. Expanding interest in detecting cameras in driver help frameworks just as developing need for cutting edge innovations in automobiles are a portion of the significant variables answerable for the development of the car camera sales. In addition, automotive cameras are sufficiently delicate to detect unforgiving driving conditions and help drivers in controlling the vehicle. This factor is foreseen to support the development of the target market.
In the present situation, expansion of back and side-view mirrors with automotive cameras in traveler vehicles is expanding, which, thus, is relied upon to build the OEM and secondary selling offers of these cameras. This factor will turn into a growth driver for the global automotive camera business during the estimated time frame. Multi-camera systems play a serious role within the development of autonomous vehicles and provide added benefits to realize higher autonomy levels.
The adoption of auto vision systems is rapidly increasing in Advanced Driver Assist Systems (ADAS) to supply lane departure assist, emergency braking, and forward-collision warning to drivers. The automated braking system typically uses cameras and sensors to detect pedestrians crossing the road and applies breaks automatically if a pedestrian is in peril of being hit. Additionally, cameras are integrated with ADAS to assist the automated switching of vehicles’ headlights in low light conditions. These components have the skills to capture the encompassing images and identify collision threats and inform drivers, driving the market demand.
The rise in the number of road fatalities is compelling the demand for advanced safety features altogether new cars. The inner camera system transmits a warning if it detects any drowsiness in drivers, which can help to scale back the number of road fatalities significantly. Additionally, various governments across the world are implementing stringent laws regarding passenger safety, which can further add up to the market development.
High beginning establishment cost of car cameras can go about as a limitation to the worldwide market. Besides, rising costs of vehicles alongside the significant expense brought about during structuring and testing of these cameras may hamper the development of said business in future.
The parking assistance system and lane departure warning system segments are likely to witness the highest demand and revenue share in the global automotive camera market in the coming years.
The rising passenger vehicle production within the emerging Asian economies, including India and China, because of an increase within the middle-class income is predicted to drive the segment in the global automotive camera market. Consistent with the World Economic Forum, the number of passenger cars is anticipated to succeed in 2 billion by the top of 2040. The increasing adoption of safety features in passenger cars, like auto parking assistance and lane departure warning, is increasing the adoption of those components.
By sales channel:
The Original Equipment Manufacturers (OEMs) are predicted to account for a notable share in the global business in the coming years due to the increasing investments and demand from automotive manufacturers.
Automotive camera market Region wise analysis:
North America automotive camera market is predicted to overwhelm the global business due to the expanding interest for lavish vehicles in the US and Canada. This, combined with expanding establishment of cutting edge driver-help framework, is evaluated to support the interest for car cameras in the forthcoming years. Europe automotive camera market holds a significant portion in the overall automotive camera business because of the nearness of an enormous number of vehicle makers in the locale. So, inferable from increasing spending of the white-collar class populace and developing lifestyles are growing interest for car cameras.
The Asia Pacific automotive camera market is likely to attribute a considerable share throughout the estimated period. Latin America, Middle East and Africa businesses are anticipated to observe expanded interest for cameras because of growing urbanization and financial development, which, thus, will quicken the development of automobile camera business during the projected time frame.
Key Players of Market:
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Camera Market, By Application
6.1.1 Parking Assistance System
6.1.2 Lane Departure Warning System
6.1.3 Adaptive Cruise Control System
6.1.4 Driver Monitoring System
6.1.5 Autonomous Emergency Braking System
6.1.6 Blind Spot Detection
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Automotive Camera Market, By Technology
6.2.1 Infrared Camera
6.2.2 Thermal Camera
6.2.3 Digital Camera
6.2.4 Market Size Estimations & Forecasts (2019-2024)
6.2.5 Y-o-Y Growth Rate Analysis
6.2.6 Market Attractiveness Index
6.3 Automotive Camera Market, By Vehicle
6.3.1 Passenger Cars
6.3.2 Light Commercial Vehicles (LCV)
6.3.3 Heavy Commercial Vehicles (HCV)
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
6.4 Automotive Camera Market, By Sales Channel
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Application
7.2.3 By Technology
7.2.4 By Vehicle
7.2.5 By Sales Channel
7.3.1 By Country
184.108.40.206 Rest of Europe
7.3.2 By Application
7.3.3 By Technology
7.3.4 By Vehicle
7.3.5 By Sales Channel
7.4 Asia Pacific
7.4.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.4.2 By Application
7.4.3 By Technology
7.4.4 By Vehicle
7.4.5 By Sales Channel
7.5 Latin America
7.5.1 By Country
188.8.131.52 Rest of Latin America
7.5.2 By Application
7.5.3 By Technology
7.5.4 By Vehicle
7.5.5 By Sales Channel
7.6 Middle East and Africa
7.6.1 By Country
184.108.40.206 Middle East
7.6.2 By Application
7.6.3 By Technology
7.6.4 By Vehicle
7.6.5 By Sales Channel
8. Key Player Analysis
8.1 Automation Engineering Inc.
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Robert Bosch GmbH
8.3 Continental AG
8.4 Aptiv PLC
8.5 Stonkam Co., Ltd.
8.6 Mobileye N.V.
8.7 Autoliv Inc.
8.8 Magna International Inc.
8.9 OmniVision Technologies
8.10 Valeo SA
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures