Global Automotive Camera Market Size, Trends and Growth Opportunity, By Camera Type (digital camera, thermal camera and infrared camera), By vehicle Type (passengers car, commercial vehicle),By Application Type (lane departure warning, adaptive cruise con

Global Automotive Camera Market Size, Trends and Growth opportunity, By Camera type (digital camera, thermal camera and infrared camera), By vehicle type (passengers car, commercial vehicle),By application type (lane departure warning, adaptive cruise control, blind spot detection, night vision, park assist system, driver monitoring),By region and forecast till 2027.

Global Automotive Camera Market

The global automotive camera market was valued at US$12.5 billion in 2021 and it is expected to reach at US$28.5 billion in 2027 at a CAGR of 9.8% during forecast period 2022-2027.

The Automotive Camera is an onboard camera that is intended to capture the best possible footage in terms of improving visibility and the safety of the driver. These cameras are mostly employed by drivers to assist with parking, assess vehicle performance, provide night vision, and capture crucial evidence. Additionally, they feature sophisticated computer vision algorithms that extract helpful information from captured images to aid the driver with a range of goals, and they are essential components of advanced driver assistance systems (ADAS). The Automotive Camera Market Share is anticipated to expand significantly during the forecast period due to rising auto sales and advancements in camera sensors.

Market Drivers

One of the major reasons anticipated to propel the expansion of the worldwide Automotive Camera Market in the approaching years is the growing effect of new vehicle performance standards (NCAP). The need for automotive cameras in cars is growing due to rising passenger car demand and increased safety consciousness, which is likely to boost the growth of the automotive camera market. One of the key reasons driving the growth of the automotive camera market is the rising demand for sensing cameras in driver assistance systems and for innovative technologies in cars.

Market Restraints

The sector for automotive cameras and integrated radar and cameras is projected to see stagnant growth due to the high cost of installing safety systems in vehicles, which drives up car pricing. The market for automotive cameras and integrated radar and cameras is growing slowly because adding premium features to automobiles comes at a cost to consumers in the form of hardware, apps, and telecom service costs. Furthermore, servicing such cars is a challenging process that needs the use of qualified personnel due to the presence of numerous electrical components and sensors.

Impact of Covid-19 on Automotive Camera Market

It is not anticipated that the extraction of commodities like steel, copper, and aluminium will be affected by the COVID-19 pandemic epidemic. Major extractors in China continued to harvest raw materials despite trade restrictions throughout the first half of 2020. Copper, for example, will reach USD 10,000 per ton for the first time in ten years in May 2021 as the price of raw materials continues to grow. Global automotive production has been significantly impacted by the COVID-19 pandemic.

Market Segmentation

The global automotive camera market segmented on the basis of camera type, vehicle type and application type. On the basis of camera type it segmented into digital camera, thermal camera and infrared camera. On the basis of vehicle type it segmented into passengers car, commercial vehicle. On the basis of application type it segmented into lane departure warning, adaptive cruise control, blind spot detection, night vision, park assist system, driver monitoring.

Regional Analysis

The global automotive cameras market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. During the projection period, the Asia Pacific region is anticipated to have the quickest market growth. The major reasons propelling the automotive camera market in the Asia Pacific area include increasing production of electric vehicles, increasing sales of passenger vehicles, and hybridization and electrification of vehicles. Due to the great development potential, several original equipment manufacturers have relocated their automotive production facilities to other nations.

Key Players

Various key players are listed in this report such as Ambarella, Aptiv Plc., Autoliv Inc., Automated Engineering Inc., Brigade Electronics, Clarion Co., Ltd., Continental Ag, Denso Corporation, Faurecia and Ficosa International.

Market Taxonomy

By Camera Type

Digital Camera

Thermal Camera

Infrared Camera

By Vehicle Type

Passengers Car

Commercial Vehicle

By Application Type

Lane Departure Warning

Adaptive Cruise Control

Blind Spot Detection

Night Vision

Park Assist System

Driver Monitoring

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Key Question Addressed by the Report

What are the Key Opportunities in Global Automotive Camera Market?

What will be the growth rate from 2022 to 2027.

Which segment/region will have highest growth?

What are the factors that will impact/drive the Market?

What is the role of key players in the value chain?

What is the competitive Landscape in the industry?