Automotive Camera Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Automotive Camera Market
The automotive camera market size was valued at USD 8.81 billion in 2023, and the market is now projected to grow from USD 9.71 billion in 2024 to USD 22.46 billion by 2032, exhibiting a CAGR of 11.1% during the forecast period of 2024-2032.
The market faced challenges because of the pandemic. It was consisting of supply chain disruptions and semiconductor shortages. Despite recuperation signs, the call for superior driving force help structures and in-vehicle safety capabilities remained excessive, posing hurdles for market increase notwithstanding the growing call for.
The 360-degree camera, additionally referred to as a top-view or eagle-eye digital camera, offers actual-time perspectives of the car's environment. It records every path, combining pictures right into a round video. These cameras assist drivers navigate congested regions and hit upon obstacles, reducing twist of fate risks. With rising patron awareness, automobile manufacturers are putting in those advanced safety capabilities, riding automotive camera market growth.
Several companies and producers of self-driving automobiles are working on growing and enforcing Al-based cameras. These structures provide numerous safety capabilities, inclusive of adaptive cruise manage, front collision caution, adaptive headlight control, computerized braking, site visitors signal reputation, and pedestrian detection. Al-primarily based cameras offer a value-effective answer with state-of-the-art, secure, and excessive-precision era. The growing want for self-using vehicles is possibly to force up demand for artificial intelligence (Al)-powered cameras.
Comprehensive Analysis of Automotive Camera Market
The marketplace for parking help systems, lane departure warning structures, blind spot detection, lane keep help, avenue signal help, Adaptive Cruise Control (ACC), and clever headlight control is divided into park help structures, ACC, and blind spot detection. Park help structures are the biggest, accounting for USD 259 billion in 2022, while ACC is anticipated to maintain its dominance because of growing purchaser preference for superior protection technologies. Blind spot detection systems use cameras and sensors to warn drivers while vehicles approach barriers. The marketplace is categorised into stereo and monocular cameras, with stereo cameras accounting for USD 2.2 billion in 2022 and expected to develop at a CAGR of 295%. Monocular cameras are an increasing number of used in entry-degree cars, and the digital camera segment is expected to dominate, with a market size of USD 6.32 billion in 2022. The passenger vehicle phase is expected to expose dominance because of expanded production and income, while the industrial vehicle section is expected to reveal strong increase.
The Europe region lead the automotive camera market share by benefitting a market size of USD 2.88 billion in 2023 due to authorities-imposed safety standards are projected to enhance industry growth. Europe has carried out new safety necessities for automotive manufacturers, which include pedestrian safety regulations (EC)78/2009 and widespread protection regulation (EC)661/2009, to reduce avenue accidents. In July 2019, the EU carried out the General Safety Regulation (GSR). The GSR requires contemporary safety technologies as AEB, lane departure caution, and motive force tiredness tracking. Cameras are typically applied in those structures to offer visual data to the automobile's sensors.
The key players are Robert Bosch GmbH (Germany) and Autoliv, lnc (Sweden)., Continental AG (Germany), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan, Ricoh (Germany, Magna International, Inc. (Canada), Garmin Limited (United States), Valeo (France), OmniVision (United States)., Mobileye (Israel), Aptiv Plc (Ireland) and Brigade Electronics Group Plc (U.K.) purpose to bolster their product portfolio through strategic collaborations, price-slicing measures, and acquisitions.
In February 2024, VIA Optronics AG secured an address Immervision Inc. To design and build their Next Generation Automotive Camera. VIA and Immervision agreed to collaborate on growing specialized lens era for outside vehicle cameras.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 11.1% from 2024 to 2032
Unit Value (USD Billion) and Volume (Thousand Units)
Segmentation By Type
Stereo
Monocular
By Application Type
Park Assist System
Lane Departure Warning System
Blind Spot Detection
Lane Keep Assist
Road Sign Assistance
Adaptive Cruise Control (ACC)
Intelligent Headlight Control
Others
By Technology Type
Digital Camera
Infrared Camera
Thermal Camera
By Vehicle Type
Passenger Cars
Commercial Vehicles
By Region
North America (By Type, By Application Type, By Technology Type, By Vehicle Type, By Country)
- U.S. (By Type, By Application Type, By Technology Type, By Vehicle Type)
- Canada (By Type, By Application Type, By Technology Type, By Vehicle Type)
- Mexico (By Type, By Application Type, By Technology Type, By Vehicle Type)
Europe (By Type, By Application Type, By Technology Type, By Vehicle Type, By Country)
- U.K. (By Type, By Application Type, By Technology Type, By Vehicle Type)
- Germany (By Type, By Application Type, By Technology Type, By Vehicle Type)
- France (By Type, By Application Type, By Technology Type, By Vehicle Type)
- Rest of Europe (By Type, By Application Type, By Technology Type, By Vehicle Type)
Asia Pacific (By Type, By Application Type, By Technology Type, By Vehicle Type, By Country)
- China (By Type, By Application Type, By Technology Type, By Vehicle Type)
- Japan (By Type, By Application Type, By Technology Type, By Vehicle Type)
- India (By Type, By Application Type, By Technology Type, By Vehicle Type)
- Rest of Asia Pacific (By Type, By Application Type, By Technology Type, By Vehicle Type)
Rest of the World (By Type, By Application Type, By Technology Type, By Vehicle Type)
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- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints and Opportunities and Trends
- 3.3. Impact of COVID-19
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Global Metal Cutting Tools Market Key Players Market Share Insights and Analysis, 2022
- 5. Global Metal Cutting Tools Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
- 5.1. Key Findings
- 5.2. By Product (USD)
- 5.2.1. Machining Centres
- 5.2.2. Lathes
- 5.2.3. Boring
- 5.2.4. Grinding
- 5.2.5. Milling
- 5.2.6. Others
- 5.3. By Application (USD)
- 5.3.1.
- 5.3.1.1. Automotive
- 5.3.1.2. General Machinery
- 5.3.1.3. Precision engineering
- 5.3.1.4. Transport Machinery
- 5.3.1.5. Others
- 5.4. By Geography (USD)
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East and Africa
- 6. North America Metal Cutting Tools Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
- 6.1. Key Findings
- 6.2. By Product (USD)
- 6.2.1. Machining Centres
- 6.2.2. Lathes
- 6.2.3. Boring
- 6.2.4. Grinding
- 6.2.5. Milling
- 6.2.6. Others
- 6.3. By Application (USD)
- 6.3.1.
- 6.3.1.1. Automotive
- 6.3.1.2. General Machinery
- 6.3.1.3. Precision engineering
- 6.3.1.4. Transport Machinery
- 6.3.1.5. Others
- 6.4. By Country (USD)
- 6.4.1. U.S.
- 6.4.1.1. By Application
- 6.4.1.1.1. Automotive
- 6.4.1.1.2. General Machinery
- 6.4.1.1.3. Precision engineering
- 6.4.1.1.4. Transport Machinery
- 6.4.1.1.5. Others
- 6.4.2. Canada
- 6.4.2.1. By Application
- 6.4.2.1.1. Automotive
- 6.4.2.1.2. General Machinery
- 6.4.2.1.3. Precision engineering
- 6.4.2.1.4. Transport Machinery
- 6.4.2.1.5. Others
- 7. Europe Metal Cutting Tools Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
- 7.1. Key Findings
- 7.2. By Product (USD)
- 7.2.1. Machining Centres
- 7.2.2. Lathes
- 7.2.3. Boring
- 7.2.4. Grinding
- 7.2.5. Milling
- 7.2.6. Others
- 7.3. By Application (USD)
- 7.3.1.
- 7.3.1.1. Automotive
- 7.3.1.2. General Machinery
- 7.3.1.3. Precision engineering
- 7.3.1.4. Transport Machinery
- 7.3.1.5. Others
- 7.4. By Country (USD)
- 7.4.1. Germany
- 7.4.1.1. By Application
- 7.4.1.1.1. Automotive
- 7.4.1.1.2. General Machinery
- 7.4.1.1.3. Precision engineering
- 7.4.1.1.4. Transport Machinery
- 7.4.1.1.5. Others
- 7.4.2. U.K.
- 7.4.2.1. By Application
- 7.4.2.1.1. Automotive
- 7.4.2.1.2. General Machinery
- 7.4.2.1.3. Precision engineering
- 7.4.2.1.4. Transport Machinery
- 7.4.2.1.5. Others
- 7.4.3. France
- 7.4.3.1. By Application
- 7.4.3.1.1. Automotive
- 7.4.3.1.2. General Machinery
- 7.4.3.1.3. Precision engineering
- 7.4.3.1.4. Transport Machinery
- 7.4.3.1.5. Others
- 7.4.4. Italy
- 7.4.4.1. By Application
- 7.4.4.1.1. Automotive
- 7.4.4.1.2. General Machinery
- 7.4.4.1.3. Precision engineering
- 7.4.4.1.4. Transport Machinery
- 7.4.4.1.5. Others
- 7.4.5. Spain
- 7.4.5.1. By Application
- 7.4.5.1.1. Automotive
- 7.4.5.1.2. General Machinery
- 7.4.5.1.3. Precision engineering
- 7.4.5.1.4. Transport Machinery
- 7.4.5.1.5. Others
- 7.4.6. Rest of Europe
- 8. Asia Pacific Metal Cutting Tools Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
- 8.1. Key Findings
- 8.2. By Product (USD)
- 8.2.1. Machining Centres
- 8.2.2. Lathes
- 8.2.3. Boring
- 8.2.4. Grinding
- 8.2.5. Milling
- 8.2.6. Others
- 8.3. By Application (USD)
- 8.3.1.
- 8.3.1.1. Automotive
- 8.3.1.2. General Machinery
- 8.3.1.3. Precision engineering
- 8.3.1.4. Transport Machinery
- 8.3.1.5. Others
- 8.4. By Country (USD)
- 8.4.1. China
- 8.4.1.1. By Application
- 8.4.1.1.1. Automotive
- 8.4.1.1.2. General Machinery
- 8.4.1.1.3. Precision engineering
- 8.4.1.1.4. Transport Machinery
- 8.4.1.1.5. Others
- 8.4.2. India
- 8.4.2.1. By Application
- 8.4.2.1.1. Automotive
- 8.4.2.1.2. General Machinery
- 8.4.2.1.3. Precision engineering
- 8.4.2.1.4. Transport Machinery
- 8.4.2.1.5. Others
- 8.4.3. Japan
- 8.4.3.1. By Application
- 8.4.3.1.1. Automotive
- 8.4.3.1.2. General Machinery
- 8.4.3.1.3. Precision engineering
- 8.4.3.1.4. Transport Machinery
- 8.4.3.1.5. Others
- 8.4.4. South Korea
- 8.4.4.1. By Application
- 8.4.4.1.1. Automotive
- 8.4.4.1.2. General Machinery
- 8.4.4.1.3. Precision engineering
- 8.4.4.1.4. Transport Machinery
- 8.4.4.1.5. Others
- 8.4.5. Rest of Asia-Pacific
- 9. Latin America Metal Cutting Tools Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
- 9.1. Key Findings
- 9.2. By Product (USD)
- 9.2.1. Machining Centres
- 9.2.2. Lathes
- 9.2.3. Boring
- 9.2.4. Grinding
- 9.2.5. Milling
- 9.2.6. Others
- 9.3. By Application (USD)
- 9.3.1.
- 9.3.1.1. Automotive
- 9.3.1.2. General Machinery
- 9.3.1.3. Precision engineering
- 9.3.1.4. Transport Machinery
- 9.3.1.5. Others
- 9.4. By Country (USD)
- 9.4.1. Brazil
- 9.4.1.1. By Application
- 9.4.1.1.1. Automotive
- 9.4.1.1.2. General Machinery
- 9.4.1.1.3. Precision engineering
- 9.4.1.1.4. Transport Machinery
- 9.4.1.1.5. Others
- 9.4.2. Mexico
- 9.4.2.1. By Application
- 9.4.2.1.1. Automotive
- 9.4.2.1.2. General Machinery
- 9.4.2.1.3. Precision engineering
- 9.4.2.1.4. Transport Machinery
- 9.4.2.1.5. Others
- 9.4.3. Rest of Latin America
- 10. Middle East and Africa Metal Cutting Tools Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030
- 10.1. Key Findings
- 10.2. By Product (USD)
- 10.2.1. Machining Centres
- 10.2.2. Lathes
- 10.2.3. Boring
- 10.2.4. Grinding
- 10.2.5. Milling
- 10.2.6. Others
- 10.3. By Application (USD)
- 10.3.1.
- 10.3.1.1. Automotive
- 10.3.1.2. General Machinery
- 10.3.1.3. Precision engineering
- 10.3.1.4. Transport Machinery
- 10.3.1.5. Others
- 10.4. By Country (USD)
- 10.4.1. GCC
- 10.4.1.1. By Application
- 10.4.1.1.1. Automotive
- 10.4.1.1.2. General Machinery
- 10.4.1.1.3. Precision engineering
- 10.4.1.1.4. Transport Machinery
- 10.4.1.1.5. Others
- 10.4.2. South Africa
- 10.4.2.1. By Application
- 10.4.2.1.1. Automotive
- 10.4.2.1.2. General Machinery
- 10.4.2.1.3. Precision engineering
- 10.4.2.1.4. Transport Machinery
- 10.4.2.1.5. Others
- 10.4.3. Rest of Middle East and Africa
- 11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
- 11.1. Yamazaki Mazak Corporation (Japan)
- 11.1.1. Overview
- 11.1.1.1. Key Management
- 11.1.1.2. Headquarters
- 11.1.1.3. Offerings/Business Segments
- 11.1.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.1.2.1. Employee Size
- 11.1.2.2. Past and Current Revenue
- 11.1.2.3. Geographical Share
- 11.1.2.4. Business Segment Share
- 11.1.2.5. Recent Developments
- 11.2. Doosan Machine Tools Co., Ltd. (U.S.)
- 11.2.1. Overview
- 11.2.1.1. Key Management
- 11.2.1.2. Headquarters
- 11.2.1.3. Offerings/Business Segments
- 11.2.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.2.2.1. Employee Size
- 11.2.2.2. Past and Current Revenue
- 11.2.2.3. Geographical Share
- 11.2.2.4. Business Segment Share
- 11.2.2.5. Recent Developments
- 11.3. Trumpf (Germany)
- 11.3.1. Overview
- 11.3.1.1. Key Management
- 11.3.1.2. Headquarters
- 11.3.1.3. Offerings/Business Segments
- 11.3.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.3.2.1. Employee Size
- 11.3.2.2. Past and Current Revenue
- 11.3.2.3. Geographical Share
- 11.3.2.4. Business Segment Share
- 11.3.2.5. Recent Developments
- 11.4. Amada Machine Tools Co., Ltd (Japan)
- 11.4.1. Overview
- 11.4.1.1. Key Management
- 11.4.1.2. Headquarters
- 11.4.1.3. Offerings/Business Segments
- 11.4.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.4.2.1. Employee Size
- 11.4.2.2. Past and Current Revenue
- 11.4.2.3. Geographical Share
- 11.4.2.4. Business Segment Share
- 11.4.2.5. Recent Developments
- 11.5. JTEKT Corporation (Japan)
- 11.5.1. Overview
- 11.5.1.1. Key Management
- 11.5.1.2. Headquarters
- 11.5.1.3. Offerings/Business Segments
- 11.5.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.5.2.1. Employee Size
- 11.5.2.2. Past and Current Revenue
- 11.5.2.3. Geographical Share
- 11.5.2.4. Business Segment Share
- 11.5.2.5. Recent Developments
- 11.6. Okuma Corporation (Japan)
- 11.6.1. Overview
- 11.6.1.1. Key Management
- 11.6.1.2. Headquarters
- 11.6.1.3. Offerings/Business Segments
- 11.6.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.6.2.1. Employee Size
- 11.6.2.2. Past and Current Revenue
- 11.6.2.3. Geographical Share
- 11.6.2.4. Business Segment Share
- 11.6.2.5. Recent Developments
- 11.7. Hyundai WIA (South Korea)
- 11.7.1. Overview
- 11.7.1.1. Key Management
- 11.7.1.2. Headquarters
- 11.7.1.3. Offerings/Business Segments
- 11.7.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.7.2.1. Employee Size
- 11.7.2.2. Past and Current Revenue
- 11.7.2.3. Geographical Share
- 11.7.2.4. Business Segment Share
- 11.7.2.5. Recent Developments
- 11.8. FANUC America Corporation (Japan)
- 11.8.1. Overview
- 11.8.1.1. Key Management
- 11.8.1.2. Headquarters
- 11.8.1.3. Offerings/Business Segments
- 11.8.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.8.2.1. Employee Size
- 11.8.2.2. Past and Current Revenue
- 11.8.2.3. Geographical Share
- 11.8.2.4. Business Segment Share
- 11.8.2.5. Recent Developments
- 11.9. Komatsu Ltd. (Japan)
- 11.9.1. Overview
- 11.9.1.1. Key Management
- 11.9.1.2. Headquarters
- 11.9.1.3. Offerings/Business Segments
- 11.9.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.9.2.1. Employee Size
- 11.9.2.2. Past and Current Revenue
- 11.9.2.3. Geographical Share
- 11.9.2.4. Business Segment Share
- 11.9.2.5. Recent Developments
- 11.10. Makino (Japan)
- 11.10.1. Overview
- 11.10.1.1. Key Management
- 11.10.1.2. Headquarters
- 11.10.1.3. Offerings/Business Segments
- 11.10.2. Key Details (Key details are consolidated data and not product/service specific)
- 11.10.2.1. Employee Size
- 11.10.2.2. Past and Current Revenue
- 11.10.2.3. Geographical Share
- 11.10.2.4. Business Segment Share
- 11.10.2.5. Recent Developments
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