Global automotive camera market analysis and insights
The global automotive camera market estimated at US$10.38 billion in the year 2023 is now projected to grow at a CAGR of 9.50% and reach US$21.46 billion by 2030, driven by increasing demand for advanced driver-assistance systems (ADAS) in vehicles to enhance safety and improve overall driving experience. Automotive cameras play a crucial role in ADAS by providing features such as lane departure warning, collision avoidance, and adaptive cruise control. The rising awareness of the importance of road safety, coupled with stringent regulations mandating the incorporation of safety technologies in vehicles, has spurred the adoption of automotive cameras.
Another growth driver is the trend toward autonomous vehicles. As the automotive industry moves toward self-driving cars, the need for sophisticated sensing technologies, including cameras, becomes paramount. Cameras enable these vehicles to perceive and interpret their surroundings, making them a crucial component for achieving higher levels of autonomy. Additionally, the increasing integration of cameras for applications beyond safety, such as in-vehicle entertainment and surveillance systems, further contributes to the market’s expansion.
Looking ahead, the future growth potential and opportunities for the automotive camera market lie in technological advancements, such as the development of high-resolution and 3D imaging capabilities. As the automotive industry continues to innovate, the demand for more sophisticated and efficient camera systems is expected to rise. Furthermore, the ongoing expansion of electric and connected vehicles presents additional avenues for growth, as these vehicles often come equipped with advanced sensor technologies, including cameras, to support their unique requirements for navigation and connectivity. Overall, the automotive camera market is poised for sustained growth as automotive technologies evolve and consumer preferences drive the demand for safer and more intelligent vehicles.
Automotive camera regional market insights
North American automotive camera market is expected to grow significantly over the forecast period 2023-2030. This growth can be attributed to the increasing adoption of advanced driver assistance systems (ADAS) and stringent safety regulations imposed by regulatory bodies (such as NHTSA) in the region. United States contributed around 79% of the total North American automotive camera market, with a market size of US$2.84 billion in 2023. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 7.43% and 6.19% respectively over the forecast period.
Asia-Pacific automotive camera market is anticipated to witness an upsurge owing to the expanding automotive industry in developing countries like China and India. Moreover, the market is being driven by high R&D expenditure by major players, combined with efforts to commercialize automotive cameras at affordable prices. China is expected to dominate the Asia-Pacific market and reach a market size of US$4.29 billion by 2030.
Within Europe, Germany, France, Italy and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 7.65% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players
Key players profiled in the report include Ambarella, Inc.; Aptiv PLC; Autoliv, Inc.; Automation Engineering, Inc.; Clarion Co., Ltd.; Continental AG; Denso Corporation; Ficosa International SA; Teledyne FLIR, LLC; Gentex Corporation; Hitachi Ltd.; Kyocera Corporation; Magna International, Inc.; Mobileye, An Intel company; OmniVision Technologies, Inc.; onsemi; Robert Bosch GmbH; Samsung Electro-Mechanics; SMR Automotive Mirrors Stuttgart GmbH; STONKAM CO., LTD.; Valeo SA and ZF Friedrichshafen AG, among others.
Competitive Landscape
January 04, 2024 – Valeo, the key technology partner of mobility players around the globe, and Teledyne FLIR, part of Teledyne Technologies Incorporated, have started a strategic collaboration to bring thermal imaging technology to the automotive industry to enhance the safety of road users. Together, the team already secured a major contract in late 2023 from a leading global automotive OEM to deliver their new thermal imaging cameras as part of a new generation of ADAS driver-aide technology to improve vehicle and road safety.
October 06, 2023 – AMD announced that leading mobility supplier Hitachi Astemo has selected AMD adaptive computing technology to power its new, stereo-format, forward-looking camera for adaptive cruise control and autonomous emergency braking, improving the vision capabilities and helping to increase the safety of next-generation vehicles.
Automotive camera market scope
- By technology
- Digital camera
- Thermal camera
- Infrared camera
- By view type
- Single view
- Multi camera
- By application
- ADAS
- Parking assistance
- Automatic parking
- Vehicle security systems
- By vehicle type
- Passenger vehicles
- Sports cars and recreational vehicles
- Off-roaders
- Commercial vehicles
- Light commercial vehicles
- Heavy commercial vehicles
- Others
- By region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
| Report Attribute | Details |
| No. of Pages | 238 |
| Published | January-2024 |
| Forecast Period | 2023-2030 |
| Estimated Market Size in 2023 | US$10.38 billion |
| Forecasted Market Size by 2030 | US$21.46 billion |
| CAGR | 9.50% |
| Regions Covered | North America, South America, Europe, Asia Pacific, Middle East and Africa |
| Companies Mentioned | Ambarella, Inc.; Aptiv PLC; Autoliv, Inc.; Automation Engineering, Inc.; Clarion Co., Ltd.; Continental AG; Denso Corporation; Ficosa International SA; Teledyne FLIR, LLC; Gentex Corporation; Hitachi Ltd.; Kyocera Corporation; Magna International, Inc.; Mobileye, An Intel company; OmniVision Technologies, Inc.; onsemi; Robert Bosch GmbH; Samsung Electro-Mechanics; SMR Automotive Mirrors Stuttgart GmbH; STONKAM CO., LTD.; Valeo SA and ZF Friedrichshafen AG, among others. |
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.
Research Methodology
