Automotive Camera Market is predicted to reach USD 21,821.03 at a CAGR of 19.47% during the forecast period

Automotive Camera Market is predicted to reach USD 21,821.03 at a CAGR of 19.47% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Automotive Camera Market” that contains information from 2018 to 2030.  The Automotive Camera Market is estimated to register a CAGR of 19.47% during the forecast period of 2023 to 2030.


MRFR recognizes the following companies as the key players in the global Automotive Camera Market — ADA-ES Inc. (U.S.), Allied Vision Technologies (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc (Sweden), Delhi Automotive PLC (U.K.), Denso Corporation (Japan), Robert Bosch GmBH (Germany), Valeo S.A. (France), and TRW Automotive (U.S.).


Market Highlights


The global Automotive Camera Market is accounted to register a CAGR of 19.47% during the forecast period and is estimated to reach USD 21,821.03 by 2030.


The automotive camera market refers to the industry segment that involves the production, development, and distribution of cameras specifically designed for use in vehicles. These cameras are integrated into vehicles for a variety of purposes, including driver assistance, safety, and entertainment. They play a crucial role in modern automotive technology by enhancing the driving experience and improving safety levels.


Segment Analysis


The global Automotive Camera Market has been segmented based on Technology, Vehicle Type, and Application.


Based on Technology, the market is bifurcated into Digital Camera, Infrared Camera and Thermal Camera. Amongst all, the thermal camera division is expected to grow at the highest rate during the forecast period, due to the application of such devices in night vision systems and usefulness in adverse weather conditions, such as fog and rain. The infrared division is also expected to grow at a significant rate in the forecast period, majorly on account of the infrared camera technology in autonomous vehicles.


Based on Vehicle Type, the market is bifurcated into Commercial vehicles and Passenger cars. The passenger cars segment is expected to dominate the Automotive Camera Market during the forecast period. Increasing adoption of ADAS features in the mid and economy segment passenger cars is likely to boost the growth of this segment. The passenger car segment is the largest vehicle segment in the global automotive industry and is the most promising market for active safety systems.


Based on Application, the market is bifurcated into Park Assist and ADAS. Among these, park assist systems are presently equipped in many vehicles and therefore are projected to have the dominant market share during the forecast period. However, the use of LDW applications is also picking up, and this category is expected to grow significantly in the forecast period.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Automotive Camera Market Research Report


Regional Analysis


The global Automotive Camera Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. The North American region, including the United States and Canada, has been an early adopter of automotive camera technologies. Stricter safety regulations, consumer demand for advanced safety features, and the presence of key automotive technology companies have contributed to the growth of this market in the region.  


Europe has also been a significant market for automotive cameras. The European Union's emphasis on improving road safety and its commitment to implementing advanced safety features have driven the demand for ADAS technologies, including cameras. Major automotive manufacturers based in Europe have been integrating these technologies into their vehicles.  


The Asia-Pacific region, particularly countries like Japan, South Korea, and China, has seen substantial growth in the automotive camera market. The presence of leading automotive and technology companies, as well as the rapid urbanization and increasing awareness of road safety, has fueled the adoption of automotive camera systems.  


It's important to note that the adoption of automotive cameras is influenced by factors such as government regulations, consumer preferences, infrastructure development, and the overall automotive industry landscape. Additionally, the trends and market dynamics may have evolved since my last update.  


Key Findings of the Study



  • The global Automotive Camera Market is expected to reach USD 21,821.03 by 2030, at a CAGR of 19.47% during the forecast period.

  • The North American region, including the United States and Canada, has been an early adopter of automotive camera technologies. Stricter safety regulations, consumer demand for advanced safety features, and the presence of key automotive technology companies have contributed to the growth of this market in the region.   

  • Based on Technology, the market is bifurcated into Digital Camera, Infrared Camera and Thermal Camera. Amongst all, the thermal camera division is expected to grow at the highest rate during the forecast period, due to the application of such devices in night vision systems and usefulness in adverse weather conditions, such as fog and rain.  

  • ADA-ES Inc. (U.S.), Allied Vision Technologies (Germany), Balluf (Germany), Basler AG (Germany), Autoliv, Inc (Sweden), Delhi Automotive PLC (U.K.), Denso Corporation (Japan), Robert Bosch GmBH (Germany), Valeo S.A. (France), and TRW Automotive (U.S.).

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