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The automotive camera module market share is expected to increase by 46414 thousand units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.74%.
This automotive camera module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers module market segmentation by functionality (driver assistance camera and driver support camera), application (passenger vehicles and commercial vehicles), and geography (North America, APAC, Europe, South America, and MEA). The module market report also offers information on several market vendors, including Ambarella Inc., ams OSRAM AG, ASMPT Ltd., Continental AG, Denso Corp., Kappa optronics GmbH, Kyocera Corp., LG Innotek, Magna International Inc., Mcnex Co. Ltd, Mobileye Technologies Ltd., Motherson Sumi Systems Ltd., Panasonic Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stellantis NV, Stonkam Co. Ltd., Texas Instruments Inc., Valeo SA, and Veoneer Inc. among others.
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The increased popularity of CMOS sensors due to improved performance is notably driving the module market growth, although factors such as high replacement costs associated with camera modules may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the module industry. The holistic analysis of the drivers will help deduce end goals and marketing strategies to gain a competitive edge.
Key Automotive Camera Module Market Driver
The increased popularity of CMOS sensors due to improved performance is a key driving factor impacting the global automotive camera module market growth. CCD sensors were widely used in the automotive sector for machine vision applications. However, due to factors such as low cost and high performance, CMOS sensors have gained popularity. Furthermore, CCD /image sensors are more expensive than CMOS sensors as they need a specialized manufacturing process, and it is used in high-end consumer electronic products and automotive applications. Moreover, although CCD sensors had better performance than CMOS sensors, with rapid technological advancements, CMOS sensors have reduced the performance gap. Furthermore, the main objective of CMOS camera modules in the automotive sector is to enhance car safety, driving assistance, and comfort level. Moreover, the increase in their adoption is mainly attributed to the enforcement of government regulations in different regions. Also, Nissan, Ford, and Tesla are marketing the advantages of using CMOS sensors. Camera modules equipped with CMOS sensors are used only in luxury and premium cars. Such sensors are also used in smartphones, tablets, personal computers, and industrial security applications.
Key Automotive Camera Module Market Trend
Increased usage of wide-angle camera technology is a key trending factor impacting the global automotive camera module market growth. The development of the camera system for the automotive market is rapidly gaining importance, primarily driven by the growing safety concerns for both paper and vulnerable road users, such as pedestrians. The usage of wide-angle lenses in automotive camera modules is gaining importance due to their wide field coverage and enhanced picture quality. OEMs are exploring safety solutions that detect the driver's blind spots on the road; hence, to expand the coverage field of cameras, wide-angle technology is being used. Although the /image from wide-angle lens cameras is subject to certain irregularities, such as radial distortion, uneven illumination, and tangential distortions, that could negatively impact the output of the camera. OEMs and camera module manufacturers are actively investing in improving the output from wide-angle cameras. Maxell Holdings Ltd., a Japan-based optical technologies provider for automotive and other industries, has introduced a range of advanced wide-angle lenses equipped with aspherical plastics. The company has designed these cameras with anyone wider coverage, and they are coated with aspherical plastic making the lenses heat resistant.
Key Automotive Camera Module Market Challenge
High replacement costs associated with camera modules will be a key challenge negatively impacting the global automotive camera module market growth. The modules have not been able to penetrate the entry-level and lower variants of mid-segment cars, especially in emerging nations, as they increase the price of the vehicle. Although the replacement costs of these cameras are not high, the total cost incurred is very high as it is a time-consuming and labor-intensive job. Some automakers include these cameras in the basic price of cars. However, camera manufacturers are trying to bring down the cost of manufacturing automotive camera systems, which will lead to their adoption in the lower variant 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. These may cost between $1,000 and $1,200. As a result, consumers may be reluctant to install automotive camera modules in their vehicles due to the high cost.
The module 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.
Technavio categorizes the global automotive camera module market as a part of the global automotive components and accessories 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 module market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive camera module market encompasses successful business strategies deployed by the key vendors. The automotive camera module market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from 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 automotive camera module market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive camera module 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.
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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 the global automotive camera module market in North America. Market growth in this region will be faster than the growth of the market in regions.
The region comprises technologically advanced nations and mature markets, such as the US and Canada, and this has resulted in the development of advanced automotive technologies. Such factors offer encouraging market growth prospects for camera modules and will facilitate the module 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 Impact and Recovery Analysis
The demand for automobiles stabilized in the first quarter of 2021 in North America. It recovered from the economic downturn it experienced in 2020 due to the COVID-19 pandemic. However, the sales of new vehicles in the US will not rebound to pre-COVID-19 levels until 2023. Many automobile vendors are adopting different strategies to overcome the challenges caused by the COVID-19 crisis.
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The automotive camera module market share growth by the passenger segment will be significant during the forecast period. The growth of high-end vehicles is attributed to major luxury automotive brands such as Mercedes-Benz AG (Mercedes-Benz), Audi AG (Audi), and BMW AG (BMW), which ensure performance, quality, and reliability. Automotive camera module systems are also expected to penetrate medium- and entry-level passenger cars during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive camera module market size and actionable market insights on post COVID-19 impact on each segment.
Automotive Camera market in China - The market share is expected to increase by 2567.82 thousand units from 2021 to 2026.
Automotive Dashboard Camera market - The market share has the potential to grow by $ 3.89 bn during 2021-2025
Automotive Backup Camera market - The market share is expected to increase by 40.43 million units from 2020 to 2025.
Automotive Stereo Camera market - The market size has the potential to grow by USD 425.68 million during 2020-2024.
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Automotive Camera Module Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.74% |
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Market growth 2022-2026 |
46414 thousand units |
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Market structure |
Fragmented |
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YoY growth (%) |
6.25 |
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Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key consumer countries |
US, China, Japan, UK, and France |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Ambarella Inc., ams OSRAM AG, ASMPT Ltd., Continental AG, Denso Corp., Kappa optronics GmbH, Kyocera Corp., LG Innotek, Magna International Inc., Mcnex Co. Ltd, Mobileye Technologies Ltd., Motherson Sumi Systems Ltd., Panasonic Corp, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Stellantis NV, Stonkam Co. Ltd., Texas Instruments Inc., Valeo SA, and Veoneer Inc. |
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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. |
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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