Global automotive camera market is anticipated to depict a CAGR of 19.5% through 2025, having recorded a valuation of USD 5.5 billion in 2018. By 2025, the market is expected to hit a remuneration of USD 19 billion.

Growing concerns regarding passenger & vehicle safety will drive automotive camera industry growth over the coming years. Technological advancement in advanced driver-assistance systems (ADAS) along with rise in demand for active vehicle safety features will support product penetration. Increasing number of road accidents coupled with stringent safety norms will encourage automakers to opt for advanced automotive cameras and sensors, augmenting global automotive camera industry size.

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Google released an auto trends search data in 2018 which conclusively indicated that increasing number of motorists are looking for onboard cameras. Such a trend has inspired automotive industry leaders like BMW, Tesla, Kia and General Motors to position themselves to meet increased demand creating a positive growth outlook for the automotive camera market.

Cameras are being positioned almost everywhere inside and outside vehicles to get an overall vision of the vehicle’s surroundings. For instance, the CT5 compact sedan designed by Cadillac that has been unveiled at the auto show has a camera on top of the steering column. The camera measures driver’s awareness and allows hands-free driving assistance that helps the car navigate on its own as long as the driver stays attentive on most U.S. highways.

Rising demand and sales of passenger vehicles along with rapid advancements in camera technology will boost automotive camera market size. Nowadays passenger vehicles are integrated with precision cameras to offer advanced safety features like autonomous braking, blind spot detection and lane departure warning. Cameras are also integrated inside a vehicle to attain real-time evidence in case of an accident. Rapid technological advancements in the automotive sector coupled with increased spending on passenger vehicles will supplement industry size.

2020 Hyundai Sonata was also unveiled at the auto show and showcased five cameras installed throughout the car. The cameras placed on the front, mounted on the mirrors and also at the rare work to provide an enhanced bird’s eye view of the vehicle’s exterior. Tesla cars are also equipped with internal and external cameras.

The new 2019 X5 SUV by BMW comes with an optional driver monitoring camera that is mounted in the Extended Traffic Jam Assistant system in the digital dashboard of the car and makes sure the driver is paying attention to the road. As such cameras will evidently increase driver safety and convenience in vehicles, the demand for cameras is anticipated to expand soon and buyers of all vehicle types would demand such features in the cars, creating immense growth scope for the automotive camera market.

High demand for luxury vehicles in the U.S. and Canada will expand North America automotive camera market size. Increase in number of road accidents in the U.S. will boost integration of ADAS & other safety systems in upcoming vehicles. Moreover, growing demand for rear-view vehicle cameras will provide lucrative growth prospects to market players.

Stringent federal norms mandating use of vehicle safety features will further accelerate market size. For instance, in 2018, the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA) announced that all new vehicles manufactured in the U.S. after May 2018 should be sold with rear-view cameras to offer increased driver visibility. Reliable reports also estimate North America automotive camera market to grow at around 24% CAGR between 2019-2025.

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Some Point from Table of Contents:

Chapter 5.   Automotive Camera Market, By Vehicle Type (Revenue & Shipment)

5.1.  Key trends by vehicle type

5.2.  Passenger Cars

5.2.1. Market estimates and forecast, 2015 – 2025

5.3.  Utility Vehicles

5.3.1. Market estimates and forecast, 2015 – 2025

5.4.  Commercial Vehicles

5.4.1. Market estimates and forecast, 2015 – 2025

Chapter 6.   Automotive Camera Market, By Application (Revenue & Shipment)

6.1.  Key trends by application

6.2.  ADAS

6.2.1. Market estimates and forecast, 2015 – 2025

6.2.2. Lane departure systems

6.2.2.1.    Market estimates and forecast, 2015 – 2025

6.2.3. Emergency braking systems

6.2.3.1.    Market estimates and forecast, 2015 – 2025

6.2.4. Forward collision warning

6.2.4.1.    Market estimates and forecast, 2015 – 2025

6.2.5. Others

6.2.5.1.    Market estimates and forecast, 2015 – 2025

6.3.  Parking Assist

6.3.1. Market estimates and forecast, 2015 – 2025

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