Automotive Camera Market - North America, Europe, EMEA, APAC : US, Canada, China, Germany, UK - Forecast 2022-2026

The automotive camera market share is expected to increase by USD 4.1 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.91%.

This automotive camera market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive camera market segmentation by type (viewing and sensing camera and viewing only), vehicle (passenger vehicles and commercial vehicles), and Geography (North America, Europe, APAC, the Middle East and Africa, and South America). The automotive camera market report also offers information on several market vendors, including ASMPT Ltd., Continental AG, HELLA GmbH & Co. KG, Hitachi Ltd., Hyundai Motor Group, Kyocera Corp., Magna International Inc., Mcnex Co. Ltd, Mobileye Technologies Ltd., Murata Manufacturing Co. Ltd., OMNIVISION Technologies Inc., Panasonic Holdings Corp., Robert Bosch Stiftung GmbH, Samsung Electronics Co. Ltd., Sony Group Corp., Stellantis NV, Stonkam Co. Ltd., Teledyne Technologies Inc., Valeo SA, and Veoneer Inc. among others.

What will the Automotive Camera Market Size be During the Forecast Period?

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Automotive Camera Market: Key Drivers, Trends, and Challenges

The researcher studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global automotive camera market.

Key Automotive Camera Market Driver

Priority to automotive safety among customers is one of the key factors driving the global automotive camera market growth. Road transportation is one of the prominent modes of transportation in most countries. Since the last decade, the automotive industry has been actively working on improving road safety by preventing accidents and reducing injuries. Most safety measures are focused on drivers, as human errors are the prime cause of accidents. Several technical measures, especially active safety systems, work effectively in preventing accidents by warning drivers to take precautions before accidents occur. Most accidents occur due to human error caused by drowsiness, lack of concentration or driver distraction, and fatigue. Factors such as changes in lifestyle and driving for long hours are leading to sleep disorders and increasing driver fatigue, stress, and drowsiness during driving. Hence, automobile safety is evolving as an important feature for end-users, which is leading them to install advanced safety systems in their vehicles. Continuous developments from automotive camera manufacturers to offer customized products have allowed customers to adopt automotive cameras in their personal vehicles, which is expected to drive the growth of the global automotive camera market during the forecast period.

Key Automotive Camera Market Trend

The increased use of wide-angle camera technology will fuel the global automotive camera market growth. Road accidents and traffic congestion have increased immensely in the past few years due to the increase in the number of passenger cars, trucks, and buses across all regions. The safety of both passenger cars and commercial vehicles is an ever-growing concern for governments and automobile manufacturers. This, in turn, has led to the introduction of several safety measures and initiatives by organizations to ensure the safety and security of passengers and pedestrians. The development of camera systems for the automotive market is rapidly gaining importance, primarily driven by the growing safety concerns for both passengers and vulnerable road users, such as pedestrians. The use of wide-angle lenses in automotive camera modules is gaining importance due to their wide field coverage and enhanced picture quality. Automotive OEMs are exploring safety solutions that detect the driver's blind spots on the road and hence, are using wide-angle technology to expand the coverage field of cameras. OEMs and camera module manufacturers are actively investing in improving the output from wide-angle cameras, which is expected to drive the growth of the global automotive camera market during the forecast period.

Key Automotive Camera Market Challenge

The high replacement costs associated with camera modules are the major challenge to the global automotive camera market growth. Automotive cameras play a crucial role in eliminating blind spots. They are a critical safety feature in automobiles as they provide the driver with a more precise and safer driving experience. Earlier, camera systems were mostly offered as an optional feature in premium and luxury vehicle segments; however, now, these are increasingly being used even in entry-level vehicles in developed countries due to regulatory standards and convenience. However, automotive camera modules have not been able to penetrate the entry-level and lower variants of mid-segment cars, especially in emerging economies, as they add to the price of the vehicle. However, camera manufacturers are trying to bring down the cost of manufacturing automotive camera systems, which will increase their adoption in lower variants of mid-trim and entry-segment vehicles. High-end camera systems include several features, such as large screen monitors, GPS navigation, multiple cameras, better image resolution, and night vision cameras. As a result, price-conscious consumers, especially in developing countries may be reluctant to install automotive cameras in their vehicles due to the high cost, which is expected to negatively affect the growth of the global automotive camera market during the forecast period.

This automotive camera market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global automotive camera market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive camera market during the forecast period.

Who are the Major Automotive Camera Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• ASMPT Ltd.
• Continental AG
• HELLA GmbH & Co. KG
• Hitachi Ltd.
• Hyundai Motor Group
• Kyocera Corp.
• Magna International Inc.
• Mcnex Co. Ltd
• Mobileye Technologies Ltd.
• Murata Manufacturing Co. Ltd.
• OMNIVISION Technologies Inc.
• Panasonic Holdings Corp.
• Robert Bosch Stiftung GmbH
• Samsung Electronics Co. Ltd.
• Sony Group Corp.
• Stellantis NV
• Stonkam Co. Ltd.
• Teledyne Technologies Inc.
• Valeo SA
• Veoneer Inc.

 

This statistical study of the automotive camera market encompasses successful business strategies deployed by the key vendors. The automotive camera market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market

Product Insights and News

• asmpt.com - The company offers automotive cameras such as the PCT optical camera.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Automotive Camera Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive camera market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global auto components market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for the Automotive Camera Market?

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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for automotive camera market in North America. Market growth in this region will be slower than the growth of the market in other regions.

Priority to automotive safety among end-users will facilitate the automotive camera market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The outbreak of COVID-19 affected all countries in North America, especially the US, and has negatively impacted the automotive camera market in the region. As of April 29, 2021, more than 33.00 million cases of COVID-19 were reported in this region. A rise in the number of COVID-19 cases due to the second wave of the pandemic in Q1 2021 led to the reimposition of partial lockdowns in several countries, including the US, Canada, and Mexico. In addition, most non-essential and non-urgent manufacturing units, including those related to automobile components, were temporarily closed as per the regulations. These measures negatively affected the growth of the automotive camera market in the region in 2020 and 2021. However, measures such as the partial resumption of industrial activities with social distancing norms and limited workforce capacity stabilized the regional market in the latter half of 2021, which, in turn, is expected to boost the growth of the regional automotive camera market during the forecast period.

What are the Revenue-generating Type Segments in the Automotive Camera Market?

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The automotive camera market share growth in the viewing and sensing camera segment will be significant during the forecast period. Cars are increasingly adopting cameras with viewing and sensor capabilities. These cameras ensure driver and passenger safety while assisting the driver in driving. For instance, cars with rear cameras have sensors that assist the driver in parking the car. Tight parking spaces in urban areas are leading vehicle users to adopt passive systems, such as backup cameras, to assist them in parking their vehicles. 

 This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive camera market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Automotive Camera Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.91%
Market growth 2022-2026	USD4.1 billion
Market structure	Fragmented
YoY growth (%)	9.43
Regional analysis	North America, Europe, APAC, the Middle East and Africa, and South America
Performing market contribution	North America at 35%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	ASMPT Ltd., Continental AG, HELLA GmbH & Co. KG, Hitachi Ltd., Hyundai Motor Group, Kyocera Corp., Magna International Inc., Mcnex Co. Ltd, Mobileye Technologies Ltd., Murata Manufacturing Co. Ltd., OMNIVISION Technologies Inc., Panasonic Holdings Corp., Robert Bosch Stiftung GmbH, Samsung Electronics Co. Ltd., Sony Group Corp., Stellantis NV, Stonkam Co. Ltd., Teledyne Technologies Inc., Valeo SA, and Veoneer Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Automotive Camera Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive automotive camera market growth during the next five years
• Precise estimation of the automotive camera market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive camera industry across North America, Europe, APAC, the Middle East and Africa, and South America
• A thorough automotive camera market analysis of competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive camera market vendors

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