Canada Automotive Camera Market Overview, 2029

Canada Automotive Camera Market Overview, 2029

Canada's automotive camera industry has changed dramatically over the years due to technological breakthroughs and rising consumer demand for convenient and safe features in cars. The history of the market began in the early 2000s when high-end vehicles began to be equipped with backup cameras as a luxury feature. Since then, the industry has expanded significantly, and many cars now come equipped with automotive cameras as standard equipment. The market is made up of many kinds of cameras, such as dashcams, backup cameras, and advanced driver-assistance systems (ADAS) cameras. ADAS cameras are used to enable features like collision avoidance, adaptive cruise control, and lane departure warning. The COVID-19 outbreak has significantly impacted Canada's auto camera business. Due to lower consumer demand, temporary manufacturing facility closures, and interruptions in the global supply chain, the market first saw a sharp decrease. As per a data released by the Canadian Automobile Dealers Association, there was a 20% decline in new car sales in Canada in 2020 as compared to the previous year. Sales did, however, start to increase in the second part of 2020 and early 2021, indicating that the market is beginning to recover. According to plans published in 2021, the Canadian government would enforce rearview camera requirements for all new cars by 2023, matching existing US laws. Since automakers would need to install backup cameras in their cars in order to meet the new regulations, it is anticipated that this legislative shift will propel market growth. Furthermore, the market for automotive cameras is expanding due to the growing popularity of electric vehicles, or EVs. The Personal Information Protection and Electronic Documents Act (PIPEDA), among other privacy laws, was put into effect by the Canadian government and controls the gathering, use, and sharing of personal data. To secure customer data, automotive camera systems that record and store video footage are required to abide by certain privacy standards.

According to the research report ""Canada Automotive Camera Market Overview, 2029,"" published by Bonafide Research, the Canada automotive camera market is anticipated to grow at more than 12.32% CAGR from 2024 to 2029 Recent years have seen a steady growth in the Canadian automobile camera industry, driven by consumer demand for more advanced safety features, regulatory requirements, and technology developments. The Canadian government's implementation of safety laws, the rise in EV sales, and the growing usage of ADAS are all credited with this growth. The incorporation of machine learning (ML) and artificial intelligence (AI) into camera systems is one popular development that allows for sophisticated object recognition and picture processing. Additionally, as these technologies improve the precision and dependability of ADAS features, there is an increasing need for thermal imaging and high-resolution cameras. The growing use of 360-degree surround-view camera systems, which provide drivers a thorough picture of their surroundings and enhance safety and manoeuvrability, is another trend. A new 8-megapixel camera system was introduced in 2020 by Magna International, a well-known Canadian car supplier, to provide Level 3 autonomous driving features. The performance of ADAS features is enhanced and object recognition accuracy is increased with this high-resolution camera system. A Canadian firm called LeddarTech specialises in environmental sensing technologies. In 2021, the company introduced the Leddar Pixell, a 3D solid-state LiDAR sensor that works in tandem with camera systems to improve autonomous vehicles' perception abilities.

The market for automobile cameras in Canada includes a range of view kinds, each with a specific function to improve vehicle convenience and safety. Rear view, front view, side view, and surround view cameras are the main view kinds; each has particular uses and market dynamics. Due to legal requirements and the increasing popularity of backup cameras in new cars, the rear view camera market is currently the largest of these view kinds in Canada. The market for surround view cameras, however, is anticipated to develop at the quickest rate in the upcoming years due to rising demand for sophisticated safety features and partially autonomous driving capabilities. Due to legal requirements and consumer demand for improved safety features, the rear view camera industry is now the largest in Canada for automobile cameras. Canada will start requiring rearview cameras in all new cars in 2023, which will accelerate the growth of this market. Advanced driver-assistance systems (ADAS) rely on front view cameras to enable features like adaptive cruise control, lane departure warning, and forward collision warning. Front view cameras are mounted at the front of the car. Due to their wide range of vision, these cameras can detect objects, people, and lane markings. The rising integration of ADAS technologies in contemporary cars is driving a notable growth in the front view camera market. By combining images from several cameras placed on the front, back, and sides of the car, surround view cameras—also referred to as 360-degree cameras—provide a thorough view of the area around the vehicle. By giving drivers a bird's-eye perspective of the car, this technology enhances safety and manoeuvrability in confined places. The trend towards semi-autonomous and autonomous driving, as well as the need for increased safety measures, are driving growth in the side view camera market.

The automotive camera market in Canada serves a range of vehicle types, each with specific needs and uses for video systems. Passenger automobiles, light commercial vehicles (LCVs), electric vehicles (EVs), and heavy commercial vehicles (HCVs) are the main vehicle kinds. Each of these vehicle types offers unique growth potential and market dynamics. In Canada, the market for automotive cameras is dominated by passenger cars. Sedans, hatchbacks, SUVs, and other personal-use cars are included in this category. The growing emphasis on advanced driver-assistance systems (ADAS), convenience, and safety features in passenger cars is driving demand for camera systems. Vans, pickup trucks, and other small-to-medium-sized vehicles used for business are considered light commercial vehicles (LCVs). Due to the growing need for convenience and safety features in commercial fleets, the LCV segment of the automotive camera market is expanding significantly. LCV camera systems are built to increase visibility, increase manoeuvrability, and lower the chance of collisions. The Canadian automotive camera industry is seeing a sharp increase in the sales of electric vehicles (EVs). Because of government incentives and environmental concerns, the use of electric vehicles (EVs) is growing, which driving up demand for is advanced camera systems in these cars. Large trucks, buses, and other high-duty vehicles used for logistics and transportation are examples of heavy commercial vehicles (HCVs). The automotive camera market has distinct prospects in the HCV category since these vehicles need strong and dependable video systems to maintain operating efficiency and safety. Magna International is a prominent player in the Canadian automotive camera industry, serving a wide range of vehicle models both domestically and internationally. Magna is an Ontario-based company with its headquarters located in Aurora. It provides a wide range of camera solutions for passenger cars, LCVs, EVs, and HCVs.

The automotive camera market in Canada uses a range of technologies, including digital, infrared, and thermal cameras, to improve driver assistance and vehicle safety. The most widely utilised technology in the Canadian automobile camera industry is digital cameras. To record images, these cameras use complementary metal-oxide-semiconductor (CMOS) or charge-coupled device (CCD) sensors. Digital cameras find use in many different applications, such as advanced driver assistance systems (ADAS), dashcams, and backup cameras. Infrared sensors are used by infrared cameras, sometimes referred to as night vision cameras, to detect and take pictures in dim or dark environments. These cameras are especially helpful for improving visibility at night and for detecting pedestrians. Because they increase driving safety at night, infrared cameras are becoming more and more popular in the Canadian market, especially in luxury cars and high-tech safety systems. Temperature variations are highlighted in a thermal image that is produced by thermal cameras, which identify and quantify the heat radiation that things emit. Because these cameras can see through fog, rain, or snow, they are very helpful in difficult weather situations where visibility is obscured. Applications for thermal cameras include improved night vision, animal identification, and pedestrian detection. Within the Canadian market, FLIR Systems Canada is a prominent player in the automobile camera industry, especially within the thermal camera niche. British Columbia-based FLIR is a world leader in thermal imaging technology and provides a selection of thermal cameras intended for use in automotive settings.

The growing popularity of advanced driver-assistance systems (ADAS) and other cutting-edge innovations that improve vehicle convenience and safety is propelling the Canadian automotive camera industry. Lane assistance, collision avoidance, blind spot detection, park assist systems, and driver monitoring systems are some of the key applications in this industry that are essential to enhancing the driving experience .Lane assistance systems help drivers stay in their lanes by using cameras to monitor lane lines. When a car strays from its lane, these systems alert the driver and, with the help of technologies like Lane Keeping Assist or Lane Departure Warning, even adjust the trajectory of the car. The efficiency of lane assistance systems in lowering accidents brought on by inadvertent lane exits is what drives demand for them. Cameras are used by collision avoidance systems to identify and track items in the path of the car, including pedestrians, other vehicles, and barriers. In order to avoid or lessen collisions, these systems can automatically apply the brakes and issue warnings. Pedestrian detection, automated emergency braking, and forward collision warning are examples of collision avoidance systems. As consumers prioritise cutting-edge safety features, Blind Spot Detection is becoming more and more common in current vehicles. This segment's innovations concentrate on enhancing blind spot detection's accuracy and range and fusing it with other ADAS functions. Park Assist Systems help Drivers Park by using cameras to give them a complete picture of the area around their car. Because of these applications' crucial role in improving vehicle safety and the rising demand for cutting-edge safety features, collision avoidance systems presently dominate the Canadian automotive camera market. The market for park assist systems is expanding significantly, though, as consumers place a higher value on safety and convenience when parking. Magna International is a prominent player in the Canadian automotive camera industry, providing a wide range of ADAS and park assist systems.

Original Equipment Manufacturer (OEM) and Aftermarket are the two main sales channels that cater to the Canadian automotive camera market. Original equipment manufacturers (OEMs) immediately integrate automotive cameras into new cars as part of the OEM sales channel. OEM cameras are built and tested to satisfy the particular specifications and norms of the vehicle type, guaranteeing a smooth integration and top performance. The increased demand for safety and convenience features in new cars, along with the increasing acceptance of advanced driver-assistance systems (ADAS), have propelled the OEM channel to the top of the Canadian automotive camera market. Automotive cameras are sold and installed as optional or replacement items for vehicles that are already in use through the aftermarket sales channel. Customers wishing to add additional features or functionalities to their vehicles as well as those looking to update or replace their current camera systems are catered to by aftermarket cameras. A vast array of camera solutions, ranging from sophisticated ADAS and dashcam systems to basic backup cameras, is available through the aftermarket channel. The expanding popularity of do-it-yourself (DIY) installations, the growing need for customisation and personalisation in the vehicle market, and the growing awareness of safety features are the driving forces behind this channel. Magna, a multinational automotive supplier with its headquarters located in Aurora, Ontario, develops, produces, and distributes camera systems to leading automakers.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Camera market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By View Type
• Rear View
• Front View
• Side View
• Surround View

By Vehicle Type
• Passenger Car
• Light Commercial Vehicle
• Electric Vehicles (EVs)
• Heavy Commercial Vehicle

By Technology
• Digital
• Infrared
• Thermal

By Application Type
• ADAS (Lane Assistance, Collision Avoidance, Blind Spot Detection)
• Park Assist System
• Others (Driver Monitoring Systems)

By Sales Channel
• OEMs
• Aftermarket

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Camera industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.