Global Automotive Cameras Market is expected to reach $33 billion by 2024; growing at a CAGR of 17.5% from 2016 to 2024. Automotive cameras are image sensing cameras installed inside and outside the vehicle for safety purposes. It has gained popularity in commercial sector, private sector, and defense. It gives better driving experience and also record drivers’ behavior which can be useful during insurance claim. Automotive cameras are used in various application areas such as rear view enhancement, night vision, and lane departure warning. Increased traffic rush and accident level has moved consumers towards the adoption of automotive cameras in their vehicles.
Increase in demand for sensing cameras in advanced driver assistance systems, huge requirement by passenger cars, and rise in demand for luxury vehicles are the major factors driving the global automotive cameras market. Moreover, replacement of side-view mirrors with cameras would increase the demand for automotive cameras in coming years. However, high cost of automotive cameras may hinder the market growth.
By product, the global automotive camera is segmented into rear-view enhancement, side-view cameras, forward-view cameras and interior-view cameras. The technology segment comprises mono cameras, stereo cameras, infrared cameras and others. By application the market is sub-segmented into LDWS, parking surround view, parking, night vision, drowsiness, distance, blindspot, AFS and others. By product, the rear-view enhancement is the largest market at present and is expected to hold its position throughout the forecast period owing to its extensive usage during parking and reverse driving. Stereo cameras dominated the technology segment with the maximum market share. Distance cameras are expected to grow at the fastest CAGR in the overall application segment.
Based on geography, the market has been segmented into North America, Europe, Asia Pacific and RoW. The U.S., Mexico and Canada are covered under North America wherein Europe covers France, Germany, United Kingdom, Spain and others. Asia-Pacific covers China, India, Japan, Australia, South Korea and Others. Rest of the World (RoW) covers South America, Middle East and Africa.
Major companies operating in this market are Autoliv Inc., Continental AG, Qrontech Co. Ltd., Ficosa International S.A., KYOCERA Corporation, Transcend Information Inc., Valeo Inc., Robert Bosch GmbH, Delphi Automotive LLP, Media Data Systems Pte Ltd.
The key takeaways from the report
- The report will provide detailed analysis of automotive cameras market with respect to major segments such as product, technology and application
- The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities is included in the report
- An exhaustive regional analysis of automotive cameras market will be provided in the report
- Profile of key players of the automotive cameras market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Automotive Cameras Market
- Rear View Enhancement
- Side View Cameras
- Forward View Cameras
- Interior View Cameras
- Infrared cameras
- Parking surround view
- Night vision
- North America
- United Kingdom
- South Korea
- South America
- Middle East