Automotive Camera Market
Market Overview
The Global Automotive Camera Market is expected to grow at a CAGR of 8% during the forecasting period (2021-2028).
Automotive cameras are installed either at the front, rear, surrounding, or side in a vehicle for safe driving.
Cameras contain image sensors that function with electronics components in a vehicle.
Automotive cameras help in providing Night vision, Blind spot detection, and parking assistance to the user.
The technologies used in them are DNN, HDR, IPS, Automotive chip-scale package (a-CSP), CMOS image sensors, ADAS sensor, and others.
North America has the major market for automotive cameras as compared to Europe and the rest of the world.
Autoliv Inc. is the major player in automotive safety systems, this includes seat belts, airbags, automotive cameras, and other safety systems.
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Market Growth Drivers and Restraints
Rising concerns for the safety of people using automobiles have driven the demand for automotive cameras.
High-Speed Cameras are also used for Automotive Safety & Transportation Testing.
Mandatory regulations for forwarding collision warning (FCW), lane maintenance system (LDW), automatic emergency braking system (AEB), and blind-spot detection system (BSD) to be included in new vehicles are driving the growth of the automotive cameras market globally.
The upcoming new technologies such as mono camera, night vision, and others have driven the automotive camera market in recent years.
The increasing cost of automotive cameras along with the growing technological developments are major restraints for market growth.
Increasing prices of vehicles along with the high costs of its design & testing phase are also major challenges for automotive camera market growth.
Regulations
According to National Highway Traffic Safety Administration (NHTSA), the US government has announced that all new cars must include a backup camera by May 2018.
Thus, demand for rearview cameras is expected to grow from this region in the forecast period to 2026.
Market Segmentation
By product type
Among various types of automotive cameras, rearview cameras have a major presence in the market.
ZF and Intel Company, Mobileye have partnered to provide new camera technology.
They plan to launch the S-Cam4 family of advanced cameras in 2018.
The ZF S-Cam4 camera family includes a single lens, mono-camera designed to help meet updated test protocols such as Euro NCAP pedestrian triggered automatic emergency braking (AEB), including a crossing bicycle AEB test.
By Application
They are used in passenger cars, commercial vehicles, and heavy-duty vehicles.
Passenger cars have a major market for rearview automotive cameras.
Night vision is a concept by General Motors Co. first used in Cadillac DeVille.
It can now be found on models from Mercedes-Benz, Audi, BMW, Toyota, and Honda. This technology is not yet available for self-driving cars.
Omni Vision and INOVA have launched the first APIX Link-based megapixel high-dynamic-range (HDR) automotive camera system at Electronica 2010 (Munich, Germany).
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Automotive Camera Market Scope
By Product Type
Rare View camera
Front view camera
Surround-view camera
Side view camera
By Vehicle Type
Passenger Car
Commercial Vehicle
Heavy-Duty Vehicle
By Application
Autonomous Driving
Driver Recording/Dash Cam
Blindspot detection
Parking Assistance
Night vision
By Sales Channel
Original Equipment Manufacturer
Aftermarket
By Geography
Asia Pacific
Europe
North America
South America
Rest of the World
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